The purchase of a new home for many can feel like a dream come true. The obvious elephant in the room is that the truth can ouch as well. So you have found the home of your dreams and now all settled in you start seeing what may be a regrettable decision. Taxes are increasing at an alarming rate and soon your home will be taxed on the full values so not much of a bargain. Taking back control of your dream has now come down to selling.
Key Takeaways:
- Independent contractors, and others like them, working outside the usual business milieu, soon realize they must devise their own fiscal strategies to allow for needed non-work periods.
- One freelancer elected sell her home, downsizing, as a way to ensure monies while she took a maternity leave.
- While she realized that moving would potentially entail a loss of space, it also had the bonus of allowing her to pay off debt and get lower property taxes.
“Just that fact alone was making it a little uncomfortable for us to stay put, especially knowing they will continue to rise for the foreseeable future until they catch up to our home’s appraised value.”
Read more: http://www.hellobee.com/2017/04/17/making-the-transition-to-sahm-a-new-plan/
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