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A growing number of people have been deciding to leave the rat race and start working from home. Telecommuting offers autonomy and flexibility as well as some impressive locally established business charge findings also.

The following are some home-based business ideas, which you can use to save time and costs and earn more!

College Application/Financial Aid Planning Consulting Business

A budgetary guide coordinator empowers gatekeepers to get the most possible for their child’s school. Exploiting cash related guide resources isn’t just about being canny. It is connected in with observing the clear advantages. This business incorporates inciting watchmen and auxiliary school understudies on picking a school, adjusting the application and budgetary guide outlines, offering tips to making the school paper, admonishing gatekeepers about obligation proposals on school speculation store plans, and masterminding the best cash related guide package when a school offer is gotten. Market your organizations in auxiliary schools, libraries, private instructional exercise centers, and universities. Check out America's Best Bookkeepers


Freelance Writing

Independent authors can compose articles on any point, from horse preparing to purchase an RV. An excellent method to begin is by expounding on subjects in which you are now a specialist—the Writer’s Market records rules for a large number of distributions. Apparition composing is a decent interest for consultants searching for cash and willing to renounce a byline. Sites are dependably watchful for quality consultants, as well. Make a site to advance your independent written work business.

Start A Woodworking Business

Do you adore carpentry? Indeed, even without an immense workshop, you can make a portion of the more mainstream specialties and offer them. What’s more, like most things, your achievement in business isn’t identified with how gifted you are as a carpenter. So on the off chance that you can make sense of which items customers need and simply make those, you could have a decent marketable strategy. Etsy.com and agriculturists’ business sectors are an incredible place to begin offering.

Goodwill/Garage Sale Reseller

There are a ton of things that can be bought economically at carport deals or thrift stores and sold at higher costs somewhere else. A couple of years back, I found that I could buy great hardcover books at my neighborhood thrift store for $1 or less. I understood that some of them could be sold on Amazon.com for $15-$20, which ends up being a “not too bad” benefit. Find and sufficiently offer things, and you will have a ton of fun.

 

Gardening Business

Herb ranches are one of the quickest developing enterprises. Therapeutic herbs, natural teas, culinary herbs, and herbs for candles and fragrance based treatment are only a hint of a more significant challenge. Strong working information on developing herbs is fundamental. Blooms used for aroma blend, cleanser, candles, and fragrant creations require only a couple of square feet of developing space. A large portion of your item planning can, without much of a stretch, occur in a standard size kitchen furnished nothing other than a rack, stove, and counter workspace. Turning into a cultivating educator is an inventive method to profit from your green thumb. Offer planting courses in your lawn, junior colleges, amusement parks, and neighborhood nurseries. Offer a class every month on another part of cultivating, including arranging blossom beds, finding out about perennials, setting up the dirt, making an English garden, globule planting, and so forth.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Check out America's Best Bookkeepers

If making the money last until the end of the month is already a big battle, imagine getting it so you can achieve some dreams! Want to buy a new car, get out of the rental or make that vacation trip without worrying about expenses? Well, know that it is possible, provided you have organization and discipline with your household budget.

Incidentally, it is worth telling you what budget is the money available to pay the bills. But that does not mean it has to be all the money you get, you see? You can allocate a portion of this income to other investments, being prepared for any emergency.

 

 

  1. Identify the expenses

You know by heart how much you make over the course of the month, right? But how much do you spend? Do you know exactly how you use your income? Identifying what your expenses are should be the first measure to put the household budget up to date.

Start with the most obvious ones, such as energy, water, rent, and provision of the car. Then move on to the less notable ones, like the coffee from the bakery you get every morning, or the biweekly magazine you buy or take out with your friends on weekends. Whatever your routine, it is important to identify each expense.

 

  1. Categorize your expenses

After finishing the expense list, group them into larger categories so you can see where your money is going. You can have categories called, for example, from:

  • Household expenses;
  • Food – for meals made outside the home;
  • Fuel;
  • Superfluous expenses.

Find out what are the fixed expenses, the ones you have every month, and the variable expenses, like the credit card bill, for example. In general, the variables are the ones that most consume your budget, because they are concentrated in the unnecessary expenses. But that does not mean you can not save on fixed expenses too, okay? We’ll talk about this later.

 

  1. Start to control

The financial lack of control happens precisely because the tendency is to think that it is possible to keep everything organized only in memory. However, do a quick exercise now: look at the past week and try to think about how you spent your money. Harder than you’d imagined, right? So the best thing to do is choose a method of control.

You can do a manual control, in a notebook, writing down all your daily expenses. The only problem, in this case, is that relying on memory and committing to write it down every day can be a bit risky. After all, you certainly have other things to do. So how to solve?

A fairly viable alternative is to use spreadsheets to shed revenues and expenses. With them, you can create formulas and get balances, sums, and other results that will help you more easily identify your expenses through consumption charts, for example.

There is also the possibility of using an application to control the domestic budget. Nowadays, several companies offer services (both free and paid) for this purpose, with apps that can be accessed by the computer or the smartphone. And the best is that you can update your control in real time, reducing the chances of forgetting some release!

 

  1. Involve the whole family

Are you really willing to start controlling your spending? Great! Only with this, a very important step has already been overcome. However, if your family does not enter into the same vibration, your whole disposition may not prevail. In this phase of control, therefore, it is necessary to involve the whole house!

Hold periodic family gatherings and seek the engagement of everyone. It is important that they participate in choosing the form of control and identification of expenses. It is also good that everyone has access to control, to follow their progress whenever they want. The key is to treat the subject with enthusiasm, making them understand that it is a good practice and not an obligation, a tactic that will lead to the achievement of important dreams and the achievement of a better quality of life.

 

  1. Design your cash flow

The cash flow is nothing more than the control of the monthly receipts and exits, serving as a thermometer to know how many times you use your bank account. Based on fixed and variable expenses, you can predict how much you will spend month to month, as well as how much money you have to pay the bills.

If you still cannot save, you’ll know at least when you’ll be able to start, because cash flow signals leftover budget. From there, you can think about the dreams to be made and the planning for it!

 

  1. Have financial goals

Goals are the reflection of your desire to organize and control the domestic budget more efficiently. They will help you identify where you can reduce spending and thus generate a greater capital accumulation so that you can pursue your goals.

 

 

  1. Set collective goals as well

Since we are talking about involving the whole house, the family must also participate in this stage. Some people, especially children and adolescents, tend to feel distant from the practice of planning. And this can make your decisions take the opposite course of other family goals.

To engage everyone, therefore, make the family see itself as a team. All together should thus help reduce the bills of the house! In this scenario, when one fails, the other can help to remember. In this way, everyone absorbs healthy financial habits, taking this learning through life.

 

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Many of us have dreamed of having our own business, and a way to start usually involves working from home. Just as it has great advantages, there are also certain things that nobody has told you, but it is important that you know if you are considering this type of business.

Working from home gives people a lot of flexibility, but also a lot of problems, so it is important to have a complete vision of what it means to be an entrepreneur. Not all people are ready to work from home, and this is one of the reasons why 80% of businesses that start at home fail. The more information you have, the better prepared you will be. Here we leave you 5 things that nobody has told you about working at home:

 

  1. Your Family and Friends will Believe that you do Nothing

Working from home means staying in a space that you normally use to rest, this means that you will probably receive many calls from family and friends saying: “taking advantage of your home …”. People around you will believe that you are not as busy, stressed or dedicated as they do to their jobs and will ask for things from you that you surely cannot do. It is important that you set limits from the beginning and explain to your family and friends that you are trying to start a business so your time and concentration will be dedicated to it.

 

  1. Forget About Weekends

There are also no holidays, or overtime. Many entrepreneurs can tell you about birthdays, festivities and important events that have been missing due to their business. When starting a company you need to have very good time management, but also know how to sacrifice certain things for others. It is likely that several years pass before you can take a real vacation.

 

  1. Returning to a “Normal” Job will be Very Difficult

Once you take the first step towards your own business, your goal is not to return to work for anyone else, but sometimes dreams are not fulfilled. Even so, the more time you spend working in your own business, the more difficult it will be to return to work at an office or a regular job. Working from home accustoms you to your own schedules, to receive a payment per project instead of per hour and to organize your activities according to your needs. Returning to a regular job can be very complicated if you need to.

 

  1. Your Work Never Really Ends

This is probably one of the most complicated truths of working at home. When you have a project, you never really finish working because most likely before finishing one thing you will already be planning or working on the next one. The work is constant and as with point number 2, you must have a very good time management to ensure that you can fulfill all your obligations.

 

  1. Charging your Customers will Become an Extreme Sport

One of the main problems of any entrepreneur is to charge their customers. In many cases you must spend long hours on the phone, write several emails or visit them in person to ensure the payment of your bills.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Every time spring arrives, taxes are just around the corner. It is good to know what expenses you can deduct. An amount to consider, for example, is the amount you have paid for your home mortgage.

To deduct the mortgage means to deduct the amount of the contribution of your taxable income in the Personal Income Tax (Personal Income Tax).

Not all mortgages deduct on the income statement, so we help you know whether or not you can benefit from this deduction. First of all, remember that the holder of a mortgage has the right to deduct 15% on the amount paid during the fiscal year, with a specific dollar amount limit. If the mortgage loan has two holders, each one should make the declaration of income individually and a maximum of 15% could be deducted.

These are the four elements that you should keep in mind:

 

Disburse the mortgage according to the purchase date

To be able to deduct it you must have signed the purchase before January 1, 2013 . On this date the relief for habitual housing for future mortgaged disappeared. Luckily, the measure is not retroactive and does not affect those who bought a home before. If you purchased the home after January 1, 2013, you will not be able to deduct the amount paid, but you are required, however, to declare the mortgage on the rent.

 

To deduct a mortgage, housing must be habitual

It is mandatory that the property be your usual home. The mortgages of second homes or houses rented to third parties do not deduct in the personal income tax. But what is considered a habitual residence?

The property must meet three fundamental requirements:

 

  • That it is the residence of the taxpayer for a term followed by a minimum of three years. It does not apply if the taxpayer has died or there are circumstances that require the change of address such as marriage, separation, labor transfer, a first job or a better one.
  • That the dwelling is effectively inhabited in a term never exceeding twelve months from the date of purchase.
  • Annexes such as storage rooms, gardens or swimming pools are also part of the habitual residence, provided that they are acquired with the property, as well as a maximum of two parking spaces.

Although the regulation requires three years of residence in the same property, you can deduct your mortgage payments before this deadline is met. However, if you want to sell the home before that time you will not be able to benefit from the exemption for reinvestment, since it is not considered to have been your usual home.

 

The mortgage must be complete for a home

Sometimes we request a mortgage that finances the amount of the house and the bank offers us an extra amount for, for example, a reform.

Well, it is only possible to deduct the mortgage in the IRPF if you have destined the loan, in its entirety, for the acquisition of a home. You cannot deduct the proportional part of the fees allocated to other concepts than the property. Pay attention, because, sometimes, the draft of the income statement does not appear exclusively financial loan data, but subsequent penalties of the Treasury do not usually fail. The amount of the fine will depend on the seriousness, the time elapsed (interest on late payment) and the surcharge for late submission. 

 

The mortgage deducts if it is a real estate

A final indispensable condition to deduct the mortgage is that the acquired property is a real estate. It may seem strange to you, but it is not so much: mobile homes, for example, are considered movable property and you cannot deduct them.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

The digital world is changing its dynamics and providing better opportunities to work from home. Home based jobs provide great alternatives to people having health issues, or those who want to take care of their loved ones by staying home, and those who do not want to get into the hassle of going into the workplace. According to the research, around 40 million Americans work as a part-time worker. However, for home jobs, it requires having a computer, internet connection, and the basic technical skills.

This article explores some best home based jobs that can give great earning as well as valuable experience.


Affiliate Marketer

Affiliated marketing is also known as referral marketing which helps in earning commissions. Affiliated marketer works by having a website, which refers to a book or a link on Amazon. Amazon will pay an amount when a viewer clicks on the particular link and make purchases. Affiliated marketing is very common because people can start earning without making big investments.

Blogger

Blogging is all about writing randomly a book review, about the different delicacies or music. People with this hobby can start earning money easily. Bloggers need to be patient about receiving payments. However, a blogger is a writer who has a potential of building an audience by growing his sites and finding new ways to start earning. There are different ways through which a blogger can earn money for example, affiliate marketing, banner ads, and Google AdSense.

Vlogger

Vloggers are those creative minds who convert their hobbies into a business. Anyone can start vlogging just by signing up on YouTube channel. It is about giving tutorials on something that someone enjoys doing, like giving beauty tips, sharing home remedies or fashion tutorials. Vlogging requires a high-resolution camera and some creative instincts to show the magic. YouTube place ads inside the video by signing the YouTube partner program, which helps to earn more money.

Data Entry

Companies usually hire a freelancer to perform data entry task. That company’s data is used to track shipments, inventory and creating business plans, which helps in measuring the outputs and the organization’s performance. This job requires a great computer and typing skills. Data entry worker can also work as a freelancer on a schedule that suits them by signing up on websites like Upwork and SimplyHired and can earn a good amount.

Translator or Transcriber

According to the research, most translators prefer to work as a freelancer and follow the adherence of strict deadlines. The requirement of the translator is to have a complete command over two or more languages and holding at least a bachelor’s degree. The translator needs to be efficient in translating documents, video clips, and audio files by keeping the cultural differences in mind. However, there are so many freelance jobs are available at Upwork and Mothertounge.

Animator

The job of an animator is to create and design visual effects for movies, game and other kinds of media. Animators do not need to go to the office they can earn as a freelance animator from home.

Online instructor

Now a day, students have an opportunity to learn virtually which also opens different opportunities for teachers to instruct and guide them virtually. Virtual learning is an advance and collaborative technology, which also requires a special software. To become an online instructor, a teacher must have extraordinary teaching skills and exceptional educational background. There is a number of jobs posted online at a different website like GetEducated.

Website Tester

The job of website tester is to make sure that the website is loading quickly and customer friendly. However, there are number of opportunities available online for website testers. Companies pay huge amount to freelance website tester to make websites easy to navigate. However, it only takes 15 minutes to take the website test. There are number of websites offer web testing jobs like YouEye and UserTesting. In order to earn more, web tester should register in maximum companies. 

 

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Those who work at home or are freelancers have an opportunity that few achieve. When you find yourself in this situation for the first time, it is important to overcome some challenges to achieve success and be productive, because being at home you are exposed to many unusual distractions.

When working from home, the main thing is to reach goals, not to fulfill a certain number of hours. If you establish this as your work guide, you will likely achieve your goals satisfactorily. An important point is that you carefully observe the place where you are going to work and make the necessary modifications that allow you to meet the proposed goals in a simple and effective way.

These tips will help you better organize your work space at home:

 

Separate the Office from the Rest of the House

A common mistake when working from home is to think that we can do it from the comfort of the sofa or the bed. The first point to work effectively at home is to establish the physical limits of where your home ends and the office begins, otherwise you will be surrounded by elements that will take you away from the objectives proposed for that day.

 

Seek Good Lighting

Once you have established the place of the house where you will set up your office, make sure that it is near a window or that it has good lighting so as not to force your view. Being next to a window you will have the possibility of placing a small plant on your desk, so that your productivity could increase up to 15%.

 

Feel Comfortable

As in the office, if you are going to be sitting for extended periods of time, you need to have a comfortable work chair. Problems related to back and neck pain are becoming more frequent among the population that works sitting for long hours. This may be due to incorrect positions that we adopt when reading or writing or simply because our body is not receiving adequate support that our back needs to cover our work day. There is a wide variety of work chairs that you can find at very affordable prices. Remember that investing in your health is something worthwhile.

 

Decorate to your Liking

To make you feel good in your own space, try to decorate your office with the details that you like and that put you in a good mood. Be careful when choosing the colors of the elements that decorate your home office, because even the color of your wallpaper can determine your level of productivity. Blue is considered one of the best colors to decorate work spaces, this is because it can favor our concentration; and some details in red or orange could help you stimulate your creative mind.

 

Organize your Time and Take Breaks

Although what we are looking for is productivity, which does not mean that you have to sit for eight hours without stopping for a second from the desk. On the contrary, taking breaks while working helps clear the mind and avoid stress. You should also consider the possibility of establishing fixed work schedules that allow you to enjoy certain hours a day to carry out your personal activities.


Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

For the majority of people, owning a house is the self-actualization of their American dream. For others, it can be their worst nightmare. Buying a house/real estate, is one of the major financial decisions a person will make in their entire life. Therefore, it is important to carefully think about their decision before they decide to buy a home. The pros and cons of the matter should be considered:

When a person is considering buying a home, there are many factors that they have to consider. Do they really need a house right now? Will their income grow with time or not? Will that purchase be beneficial in the long-term? Do they have any money saved? Are they even ready for that responsibility? Buying a house can be one of the biggest financial moves a person can take. The information given below will help a person examine the pro and cons of having a house based on their personal desires, plans for the future and current financial position.

 

Considerations about owning your own home

Remember, a home is not, in general, a good short-term investment. Consider buying a home if you think you can live in it for a few years or more.

Before buying, it is important that you analyze what the effect of this great purchase will be on your financial situation and lifestyle. These are some points to keep in mind before making a decision.

Advantages

  • You may be able to deduct the annual mortgage interest and property taxes from your tax return.
  • Over time, you will liquidate a greater amount of capital.
  • You may be able to apply for a loan on the value of your home to make improvements at home or consolidate debts with a loan on the net value of the home.
  • You risk perceiving a profit from the sale of your home if the value increases significantly.
  • You may be able to exclude the proceeds from the sale of the home from your taxable income if you meet certain requirements of the IRS. An accountant specialized in tax matters can advise you.

Disadvantages

  • Unless the value of the home increases rapidly during the first few years of your mortgage, you may lose money if you sell it too soon.
  • You will pay more property taxes if you increase the value of your home.
  • You will lose money if you sell your home at a time when your value is low. Before buying, be sure to consider factors such as schools and similar housing in the area, as well as the real estate market. In this way, you can predict if the value of a potential home could be depreciated.
  • The costs of buying your home may increase if you include the real estate agent’s commission, points, loan preparation and other closing costs.
  • Your costs increase immediately after the closing of your mortgage. Make sure you have a financial plan that includes your moving costs, renovations and the purchase of new furniture. In these expenses, most homebuyers incur as soon as the mortgage process is completed.
  • You will be responsible for home improvements and home maintenance, such as repairing or replacing large appliances, air conditioning and heating, and roofing, as well as lawn care.
  • If you have a large apartment with an affordable rent, it can be difficult to become a homeowner with similar costs. The purchase of the apartment also implies the impossibility of collecting all the belongings and easily leaving before a change of employment or another circumstance of life.

Remember that you need to be willing to analyze these advantages and disadvantages, and work to reach an informed decision. Still cannot decide? In that case, perhaps the best advice is to wait a bit before making a purchase decision as opposed to running away looking for that option that you might regret later.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

That anyone can buy a house or manage the rental of an apartment is half true. Real Estate investment attracts all kinds of people because it is seen as an easy business to understand. Whether the house is an investment or if it is to live, these are some of the frequent mistakes that should be avoided.

 

First. Be willing to spend thousands of dollars on the purchase of a house but not to invest $200 in a lawyer. You should neither reserve the house nor sign an earning contract, or a lease with an option to buy and, let us not say a sale, without having a lawyer next to negotiate on your behalf and defend your interests.

 

Second. Do not spend time and effort to understand well what is going to be signed. In Rosales’ opinion, it is irrational not to spend an afternoon at the lawyer or a morning at the notary’s office to know well what is going to be signed before going into debt for life. The deeds of sale, specifically, are in the notary three days before and the notary, at the time possible, has to advise and clarify any doubt for free. The deeds of the mortgages of some entities are expected to be consulted in advance as of January.

 

Third. To think that the real estate agency or the financial entity will defend our rights instead of selling us the most profitable product. Search and compare are imposed. This belief is the mother of the previous two and the antidote is to advise and spend as much time as necessary. “Whoever signs in five minutes pays the consequences for a lifetime,” Rosales warns.

 

Fourth. Buy a home exceeding the needs and payment possibilities. A young man who, to emancipate himself buys a house for a lifetime, without certainty of being able to pay the mortgage when interest rates rise, will save that 10% of paperwork and taxes that he would have to pay if he later buys a larger apartment, but you will not run the risk of losing everything.

 

Fifth. With just a dating relationship, getting into a purchase and a mortgage is far fetched. And the error is even greater in cases where you live and have children without registering as a common-law partner or getting married. “Situations such as marriage are well regulated, it is known what to expect when the relationship is initiated, developed or extinguished, by separation or death. In the case of courtship, it is appropriate to agree on rules and raise them to public deed to set the proportion of the mortgage that each one will pay.

 

Sixth. Request that parents or a family member endorse. “What we call bank guarantee to ask for a mortgage should never be from the family,” explains Rosales, who argues that “he is a perverse figure.” And he adds, if the financial institution distrusts that the loan can be repaid, it should not give it.

 

Seventh. Choosing a home without making sure of its proximity to equipment or means of transport and without calculating what is going to be invested in time and fuel for life is as absurd as buying a new apartment without taking into account the community of owners. Daniel Loscertales, president of the legal editorial, warns that “it is not unusual for a block of recent construction to have several homes in the hands of the developer who does not pay the community fees and, if it goes into bankruptcy proceedings, the rest of the owners will have to be paying those fees for years if they don’t want to be without services, such as the goal or the heating.”

 

Eighth. Have debts and, not to lose the house, try to give it to the child, simulating a sale or donation. It is considered an asset uprising. It is a fraud if the person who donates the house did not reserve assets to answer for his debts. And, by the way, the son will respond to the father’s debts, says Rosales.

 

Ninth. Give unlimited power, for example for the sale of housing. You should always limit yourself in time. Renewing it means about $70. And, also “you have to ask for and keep a simple copy to make it easier to revoke,” advises Rosales.

 

Tenth. Rent a property without taking precautions on the solvency of tenants. “The rent is protected by article 6 of the Law on Urban Leases, which prevents any agreement that harms or is contrary to the law itself.


Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.