Your family also needs an emergency preparedness plan to stay protected from common household hazards and accidents. Keep in mind that some emergencies, such as fires, will require you to get out of your home, whereas other emergencies, such as severe storms, may require you to shelter in place. To keep your family safe during the latter, you should also create an emergency kit, complete with high-quality flashlights and plenty of fresh batteries.
Aside from traditional income forms such as the W-2 and 1099, documents that homeowners should have on hand for tax preparation include:
Form 1098 – Provided by your mortgage lender, Form 1098 shows payments on interest, points and private mortgage insurance. This form often includes the amount of real estate taxes paid. With Form 1098, homeowners can file for a mortgage interest deduction (MID).
So, have we recovered? I suggest you take a look at this price chart from our local MLS. It shows median home prices for the last 10 years. In 2009 the recovery had already started. There was a bit of a dip at the end of 2010, but since then you can see we have had steady increases in the median home price in this area. We may not be back at the unnaturally overinflated prices prior to the crash, but we are doing just fine. If you purchased a home 10 years ago in this area at the median price point, you would see a 73% appreciation. Averaged over 10 years, that's 7.3%/year. According to Zillow, the national average home appreciation rate is between 3-5%, so I'd say we've done pretty well.