Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

Now that the wedding is over, you and your spouse are ready for the next exciting milestone: homeownership. There are so many factors you need to keep in mind and you want it to be a pleasant house-hunting experience. The following are just a few things you should take into account when you’re in the market for a new home.

Neighborhood
Marriage is a big transition and it may come with some adjustments to your lifestyle. Have a talk with your spouse and discuss your long-term goals, such as whether you want to start a family or move to a different location for job possibilities. You also should take into account the safety of the neighborhood, the school district in which you live and the amount of families that reside in the area. If you’re thinking about having kids in the near future, having great public schools nearby is important.

Required Space
Discuss what your expectations are for square footage and the general space you want within your home. Keep in mind the space you need for day-to-day activities, family gatherings and your future children. Create a list that helps you prioritize what kind of space is important to you as individuals and as a couple. For example, if you host a lot of parties, you may want to prioritize a large kitchen and living room. If one of you works from home or needs office space, put that on the top of your list.

Keep in mind that compromise is often necessary. Identify which spatial features are and aren’t deal-breakers. House Simple compares some of the things you may want to compromise on, such as the amount of space versus the location, and the fixable faults, like ugly hardware or kitchen countertops.

Bed and Bath Layout
The number of bedrooms and bathrooms in your home is another important factor you should discuss. Talk about whether or not you want your home to be able to lodge many bodies or if you would prefer to not have visitors. Just make sure you don’t go over your budget, because the number of rooms and bathrooms has a major influence on the asking price of the house. Decide if you really need that extra guest bedroom if it means sacrificing a large kitchen or the perfect location.

If you intend to add on an extra bedroom or bathroom in the future, check the county’s code and permit requirements and the potential cost of the addition. HomeAdvisor puts the cost of a total bathroom remodel at an average of $9,348. If this is less than what it would cost to buy a house with an extra bathroom, then it may be worth it to wait and build a bathroom that is to your exact specifications.

Hidden Expenses
When you determine your budget for your home, make sure you include any ongoing expenses the home has. Utilities are a major cost that vary based on the sustainability and efficiency of your house. Consider the cost it may take to upgrade your heating and cooling system, major appliances, and windows and doors. It may cost more upfront but save you a lot of money in the future, so it’s important to figure out what you can afford in the short and long term. You also should be aware of costs like homeowners association dues, structural update costs, property taxes, insurance and any other regional fees.

Home Security
Look for a home that you can keep safe and sound with solid security features. Search for houses that have trees and tall shrubbery around the lot’s perimeter so they can block the street view of your home. This natural barrier is pleasant to look at and helps prevent burglars from scoping out or monitoring your home.

You also should protect your new valuable asset with a security camera system. Take note of houses you are looking at that have existing CAT5e or BNC security camera cabling. This can save you time and money on security camera installation. Even if your dream house doesn’t have these wires already doesn’t mean that you can’t have this safety feature, though. Installing a full security camera system is not as complex as it once was and doesn’t necessarily require professional installation. Once you know what you’re looking for, you should choose a security camera system that has the security features you need to feel safe and protected night and day, such as HD resolution, long-range night vision, audio capabilities, or ultra-wide angle lenses.

Shopping for your first home as a newlywed couple should be a fun and memorable experience. Be sure to discuss your needs ahead of time, stick to your budget and enjoy the process.

$$ EARN 30% FOR REFERRALS! $$

by Judy Reed

Ring In The New Year!

by Judy Reed

Why buying a house should be your new year’s resolution!

by Judy Reed

If you have been contemplating buying a house for the best part of 2016, then you’re not alone! Daydreaming about paint colors, kitchen designs and beautiful gardens is commonplace amongst the house-less, so just what is stopping you taking your perfect picture and making it happen?

If you’ve been putting off house buying in a bid to hold on to more of your disposable income then it may be time to wake up and smell the coffee. The housing market continues to get healthier, so why not take advantage of it and make a pledge to find your dream home in 2017!

Why 2017 will be a good time to buy

After a slow summer, the market seems to have found its feet once more – so much so that there has been an unusual surge in pre-Christmas buyers. Interest rates continue to sit at an historic low and more homeowners seem open to selling. This means that buyers will have more homes to choose from and will be less likely to pay above the odds due to a bidding war. There will also be an increased availability of new builds for first time buyers because of the affordable housing quota within many development sites.

Buying versus renting

The buyers market will be far better that the rental market in the new year. Rental prices continue to rise and it may surprise you to learn that the cost of monthly mortgage repayments can be cheaper than monthly rental bills.

How to prepare to buy a home in 2017

If you have decided that buying a home is on your agenda in the new year, it’s time to make sure you have your finances in order. Do everything you can to ensure that your credit rating is in tip-top condition as this can have a huge effect on your mortgage eligibility and ultimately acceptance. It is quite common for credit score to contain errors, so even if you are careful with you money, it pays to double check your report and inform them of any inaccuracies. Make sure you have saved enough for a deposit, know exactly how much you are likely to be able to borrow and have money aside to cover any fees.

Displaying blog entries 1-4 of 4