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Yahoo
6 days ago
- Business
- Yahoo
3 Key Signs You Bought Too Much House (and What To Do Next)
Home prices have appreciated by 45.3% in the last five years — more than double the typical appreciation rate according to Zillow. Be Aware: Try This: As a result, many buyers have overextended themselves in an effort to become homeowners. Watch out for these signs that you bought too much house. Budgeting is a zero-sum game. If you spend more on housing, it leaves you less for entertainment, travel, healthcare, saving, investing, and everything else you want and need. 'If you're spending more than 25% to 30% of your monthly income on fixed housing costs like your mortgage payment, insurance and property taxes, you're pushing the envelope in terms of how much debt you should carry with your current income,' explained Realtor and investor Jacob Naig with Realty One Group. And housing costs don't end at the mortgage payment. They include utilities, maintenance and repairs, and they often catch first-time homeowners unawares. Check Out: Homeowners who bought too much house typically find themselves so strapped for cash that they fail to set aside money for repairs and maintenance. 'Homeowners should save money each month for inevitable maintenance and costs,' explained investor Adam Hamilton of REI Hub. 'But overextended homeowners can't afford to, so when repairs pop up, it creates a crisis.' Larger homes and land cost more to maintain. Fred Loguidice, founder of Sell My House Fast Providence, sees it all the time. 'That large lawn or extra square footage felt great in the beginning, but if you're constantly shelling out for utilities, maintenance and repairs and that are dominating your weekends and your budget, you probably bought more than you can handle.' Remember those hobbies, trips or even going out to dinner occasionally? You can have that again — if you tackle the problem head-on. Start simple by reducing heat and cooling usage. Lower your thermostat in the winter and wear warmer pajamas. Close the vents in rooms you rarely use, and keep those doors closed. As for that big, beautiful yard? Consider setting aside the closest part to be your mown lawn, and let the further reaches become a wildflower field. If you bought more bedrooms than you need, consider renting them out, either to long-term renters or short-term guests on Airbnb. Even renting out space for two long weekends each month could make a big difference in your budget. Have nearby family or friends you enjoy visiting? Rather than renting out a bedroom or two on Airbnb, rent your entire home. A single weekend each month could net you hundreds of needed dollars. Plus, you can placate your in-laws who complain that they never see you. If there's 'too much month at the end of the money,' you might just need to earn more. Explore side hustles that generate extra income to afford that dream home of yours. You could also position yourself to simply earn more from your day job. That might mean documenting your successes better at your current job to negotiate a raise or put in for a promotion. Or it might mean upskilling and moving to a different employer or even a different field altogether. Better yet, combine several of these strategies to start making real financial progress. Get a raise while reducing your housing costs, renting out space and potentially picking up a side hustle. You'll find yourself in an entirely different situation in a year from now. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on 3 Key Signs You Bought Too Much House (and What To Do Next) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
7 days ago
- Business
- News.com.au
Meet the real estate agent whose snarky roast videos are going viral
She's only been in the real estate business for nine months, but one Tampa, FL, agent is already drawing a large following for her cheeky humour in listing tour videos on TikTok. 'This carport is tall enough to fit your jacked-up F-150,' one recent video begins. 'But not tall enough to fill the void of when your father left.' Breanna Banaciski, 30, is the mastermind behind the sardonic listing tours, in which she roasts everything from baby boomers and her 'neckbeard' fanboys to the lamentable state of housing affordability. 'I've always wanted to do stand-up comedy,' she tells 'I just never got around to it, so I guess I'm doing it now — just inside of a house that's for sale.' Banaciski, an agent with Realty One Group Advantage, only got her real estate license in August. Now, her listing tour videos regularly draw millions of views on social media and praise from fans in the comments. 'If I win the lottery, I'm buying houses from you just to hear you give me the tour,' wrote one commenter. Another remarked, 'Can you come and roast my listed home?' Banaciski, who has a background in theatre and comedy, switched to real estate after years of working in car sales and business-to-business technology sales. 'I was like, 'Man, I hate 9 to 5; I just hate going into an office and sitting in a desk all day,'' she recalls. 'Now I can work whenever I want to — which is pretty much 24/7 — but I didn't realise that then.' Her earliest real estate videos on social media were based on what she saw other agents doing: local market updates, tips for buyers, and traditional touting of listings. 'For months, I was just making these regular old, kind of bland videos that didn't really show who I was,' she says. 'They weren't me, exactly.' Then on a lark last fall, she improvised a listing tour video sprinkled with jokes, uploading it to social media on a Friday before leaving town on a weekend trip. When she returned, she was stunned to see the video had been viewed more than 20,000 times, and she realised she had struck on a style that resonated. MORE: Named: Aus' shock new $3m suburbs exposed 'This carport is tall enough to fit your jacked up F-150 but not tall enough fill the void of when your father left,' she says in one video. 'You guys are going to f***ing hate me. This house is worth $1.3 million. Please share this with your rich friends. I am way too poor to be in this house right now,' she said in another. Dara Khoyi, Banaciski's broker at Realty One, says he was initially stunned upon seeing her roast videos — but that he has supported her humorous approach to drumming up business. 'We do take our clients very seriously, and our role in helping them very seriously, but at the same time, we kind of like to have fun with the work that we do,' he tells 'We give our agents business freedom, so to date I've been supportive of her, and I'm thrilled that she's getting a good reception.' Banaciski says that her comedy videos have not yet led directly to sales of the properties she's featured, but have generated lots of interest from buyers and sellers interested in working with her. 'A lot of people say, 'You're a breath of fresh air. You seem so down to earth. I can relate to you,'' she says. Those client connections have proven crucial for Banaciski as she launches her real estate career in a decidedly slow market. 'There are people out there buying and selling right now,' she says. 'You just have to really, really find them and somehow hone in on your niche.'
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
One of Arizona's Priciest Homes Sells for $30 Million
A roughly 9-acre estate in Paradise Valley, Ariz., has sold for $30 million, making it one of the most expensive home sales recorded in the state, according to listing agent Joan Levinson of Realty One Group. The seller of the Hacienda-style estate was Alex Meruelo, the former majority owner of the former Arizona Coyotes professional hockey team, which he sold in 2024. He and his wife, Liset Meruelo, bought the estate for $12.1 million in 2021, according to public records.
