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"Uncovered: Massachusetts Homeowners Struggle with Worthless Foundations"

Thousands of Massachusetts homeowners are facing crumbling foundations infected with pyrrhotite, a mineral that compromises structural integrity and renders homes worthless. Homeowners insurance won't cover the issue, and banks won't provide loans, leaving affected homeowners to foot repair bills of over $250,000. State officials believe around 7,500 homes in Massachusetts could be at risk, and some are calling for financial aid similar to a trust fund set up in Connecticut to help cover the costs of new foundations.

1 year ago•Source: Yahoo Finance

"Essential Lessons: Avoiding Common Mistakes for First-Time Homeowners"

homeownership

10.01 min•2 years ago

"Essential Lessons: Avoiding Common Mistakes for First-Time Homeowners"

First-time homeowners share the mistakes they made that seemed insignificant at the time but led to frustrating problems. These include ignoring strange sounds, relying on recommended inspectors, not considering delivery options, starting too many DIY projects simultaneously, and buying in an HOA. Other lessons learned involve neglecting cosmetic issues, prioritizing aesthetics over functionality, underestimating the cost of homeownership, and not researching the property thoroughly. Financial planning and considering long-term resale value are also important factors to consider.

via BuzzFeed

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"Uncovered: Massachusetts Homeowners Struggle with Worthless Foundations"

"Essential Lessons: Avoiding Common Mistakes for First-Time Homeowners"

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