You have decided to take the plunge and buy a new home…congratulations! What most people focus on when looking for a new home is if the cost of the home itself, the listing price, fits their budget. They start doing google searches and watching the realty sites to narrow the search down to homes within a certain price range. While this is certainly a logical place to start, the price alone should not be the be-all and end-all factor when considering your new home. Many other factors need to be considered in order to see the full picture of your potential new home. Here we will take a look at additional expenses that need to be considered as well as location, land, size and age.
As more and more people are opting to live off the grid and become more environmentally cautious, the idea of living in a tiny home becomes more appealing… to some. The trend is more popular with those trying to downsize after their children have grown and also with millennials who have just graduated from college and are looking to reduce their carbon footprint and save money at the same time.
Whether your planning on renovating a newly purchased home or updating your family home, making sure you have a realistic and detailed budget is key. A well-planned budget to follow and modify as needed should be established before any purchases are made or contractors are hired.
While it is sure to be a very exciting time in your life, moving from one home to another can also be extremely stressful. Whether you are moving across town or to a different state, it is important to stay organized and handle as many tasks as possible before the actual move in order to alleviate some of that stress. Inevitably, there are always last minute things that will come up that we have no control over, so follow the below checklist to keep control of the situation as best you can.
If you took a survey and asked people what they consider to be a typical down payment when purchasing a house, most people would probably say that twenty percent of the purchase price is the magic number. Lenders also look for this amount because they feel confident that the buyers are committed to the house and that will make their monthly payments after paying twenty percent of the cost.