When you are looking for real estate for sale, knowing what how much you can spend is essential. Once you work out your budget and get prequalified for a mortgage, you will be able to look at homes in your price range. While the selling price of the home is one factor to consider, you also have to take a careful look at a number of bigger home repairs that will likely be necessary. Once you have a good understanding of the current shape of the home through an inspection, you can make a better decision as to whether you can afford the home or not.
If the Asphalt Shingle Roof is Showing Signs of Wear
An asphalt roof will last about 20 years, longer in temperature climates and for shorter periods in areas with weather extremes. The home inspection will show you how old the roof is, …Read More
Looking for a summer home that is close to the beach but want to rent the place out when you are not using it? Using a beach property for rental income is a smart way to make money on a temporary summer retreat. If you have a property in a high demand area, it’s possible to make enough money on the property to completely pay for all your expenses. It could potentially make your summer vacation spot completely free for you to stay in. However, this all depends on if you pick the right property. These are 2 things that you should consider prior you buying that summer beach house.
Look At All Potential Costs
Home ownership has a bunch of costs that go beyond your mortgage payment. You also must consider homeowners insurance, which will be more than standard home insurance since you will frequently have renters going in …Read More
It often seems that everything in the U.S., including advice for prospective homebuyers, is geared to married couples or people with families. However, in 2014, the Bureau of Labor Statistics reported that more than half the population of America was single. More and more people are choosing to delay marriage and children, or deciding against it altogether. That doesn’t mean, however, that you’re stuck renting forever. Take a look at some important tips that singles need to know about buying a home.
Make Your Budget Tighter Than It Needs To Be
Every prospective homebuyer has to crunch the numbers to figure out how much house they can afford. If you have a good income and a good credit rating, chances are good that you’ll be able to find a generous mortgage offer. However, while you’re taking into account how much you want to spend each month on mortgage payments, home …Read More
When you find out that you are going to be having a baby, finding a great house to live in may quickly seem like a priority to you. It is important to take the time to choose a home that will fit the needs of your growing family now and in the future. The guide below walks you through a few things to consider when buying a home for a growing family.
Consider the School System
You want to be sure that the home you purchase is located in a good school system. Take the time to do some research to find out which school systems have the highest ratings and have won the most awards. You want to be sure that your future children will be able to get the education they need and deserve in order to be successful in life.
Consider the Bedroom Layout
When you have …Read More
After buying a starter home, you may know that you are going to end up selling the home in the future. Then, when you save up enough money and buy your forever home, you may be satisfied. But, if you want to start delving into investments, you can purchase another property to turn into a full-time rental. Picking up just any home that fits into your budget is something you will want to avoid. The property may not be for you to live in, but you should still put a great deal of thought into the features you prioritize.
Numerous Security Measures
It is easier for homeowners to feel safe in their own home because they can pick a home with features they want, and they will typically pick a neighborhood that they feel is safe enough for them. Renters have some freedom of choice, but things like budget and …Read More
Purchasing a home is a big step! This is especially true for those who are looking to buy property for the first time. First-time home buyers make up 32% of all home buyers, and the median age of these buyers is 31 years old. Since first-time home buyers tend to be younger than repeat buyers, they may be concerned that they do not have the knowledge to make a good investment the first time around. Here are 3 tips for first-time home buyers that can help increase the odds that their purchase will pay off in the future.
Location, Location, Location
When it comes to choosing a first home, location should play a big role. One mistake that many make is purchasing a home for a great price that isn’t in the most desirable area. While the upfront price may be less expensive, it also will not appreciate in value …Read More