It's a big deal, purchasing a new house. In fact, this is probably the biggest purchase you'll ever make in your life. There is a lot to take in and yes, there is paperwork galore. So where do you start? We put together this list of steps to take before purchasing a home as a timeline to help you out..
Did you set any resolutions for the new year? If you’re like most folks, they probably included losing weight, exercising more, saving more money, spending more time with family, and other quality-of-life issues. Those are all great resolutions, and I hope you fulfill every single one that you set..
One inquiry we get frequently at Design Build Pros is homeowners who purchase homes with the intention of embarking on a “major remodel”, whether that is in the form a complete interior renovation, large additions, add-a-level, or some combination of the aforementioned..
The original kitchen in this home featured new kitchen cabinetry, appliances, and counters, but it lacked the finishing details to really make the space shine. To fill an awkward space between the top of the cabinets and the ceiling, the homeowners installed upside-down baseboard trim topped with chunky crown molding. A movable cart offers a flexible work space and extra storage..
How much of a mortgage loan can I afford by borrow when buying a home? This is one of the most common question among first-time home buyers, and with good reason. If you take on a bigger monthly payment than you can afford, you could become another foreclosure statistic. And that’s bad for all parties involved — for you, for the bank, and even for the economy..
If you are a homeowner, you probably know the feeling that you are under a tremendous weight and that you will probably be in debt for the next 20-30 years, or possibly even the rest of your life! It can be hugely depressing when you look at that and the likelihood that a mortgage will become a very close “friend” of yours — forever. It’s a huge decision to buy a home and more likely than not, it will be the biggest financial decision that you will ever make. Scary?.
Posted in Articles on Feb 2, 2017
One of the questions to consider when you’re buying a home is whether you want a fixed-rate or adjustable-rate mortgage (ARM). With a fixed-rate mortgage, your payment remains the same for the duration of the loan. An ARM is fixed for an initial period of time — three, five or seven years. Then it fluctuates based on market interest rates..
Posted in Articles on Jan 31, 2017
Homeownership in the United States has fallen to a generational low, and a big reason for this is a lack of first-time homebuyers. In a recent survey by Trulia, 54% of renters cited "saving enough for a down payment" as their biggest obstacle to homeownership, more than credit requirements and other debt obligations. However, the idea that a big down payment is a requirement is a myth. Here are some options you should explore if you want to buy a home, but don't have a ton of cash..
Posted in Articles on Jan 18, 2017
If your new year’s resolution is to create your dream nursery, or even to revamp your current one, this post is for you. We are in the slow, slow process of adopting, so I have had a LOT of time on my hands to work on our nursery. I’m so excited to pass along some of my tricks and tips to you today! We’re on a tight budget, so everything I’m about to share is super low cost and budget friendly..
Posted in Articles on Jan 17, 2017
If you're looking to invest in real estate, look no further than Nashville. The city is likely to be the hottest housing market in 2017, according Zillow, a real estate website, which offered its predictions for the 10 hottest housing markets of the year..
The seller accepted your offer, and now you've just got to sign on the dotted line. Right? For some home buyers, the closing day for a real estate purchase is as formal and complicated as the transaction itself. For others, it’s just a blip on the radar. Either way, there are some important things to keep in mind as you make your way to homeownership..
One of the most confusing and misleading metrics in real estate is area — the "size" of a house. Like most aspects of owning or purchasing a house, measuring the square footage of a home is complicated. There’s no established standard for measuring a residential property, and everyone seems to measure square footage differently..
If you're under the age of 35, everything you know about owning a home could be wrong; but it's not your fault. Parents of millennial children have taught them what was financially sound when they were the same age — go to college, get married, buy a home and have children; the formula for the American dream..
Buying a home is a big undertaking, but your new home purchase might help you enjoy a world of tax breaks. If you're a new homeowner, you should know that there are several tax deductions available, some of which can put a fair amount of money back in your pocket. Here are a few tax benefits of homeownership that can really add up..
The Fed raised interest rates last week, causing a ripple of concern among those who are worried about the effects on higher mortgage rates and the greater impact on the real estate market. But what do rising rates really mean for homebuyers? We've taken the temperature of several housing experts to get their take on the homebuying landscape for 2017..