What Do Home Buyers Want?

What do home buyers want in a new home?
According to AVID Ratings Co., some of the must-have amenities in a new house are home offices and green features.

Home buyers are willing to give up devoted space to home theaters and other specialized media rooms in order to have a home office. In fact, they’d be willing to forego a formal dining room altogether in order to have a home office or study.
And they want energy-efficiency in their appliances, windows and insulation.

Other desirable features are large kitchens with an island, though granite countertops aren’t necessarily important to all buyers.

 

Written By: Diana Lundin. If you would like to continue reading, click here.

The Hidden Costs of Homeownership

You’ve traded in renting for owning. So now what?
You may be surprised to find out that there is more money involved in owning a house than just taking out a home loan and making your monthly payments.

What you weren’t responsible for as a renter becomes all yours as a homeowner. Property taxes, utilities, home maintenance and repairs, insurance and even decorating in any way you choose are all on you now, for better or worse. And if you live in an association or in other types of communities where special property taxes are assessed, you’ll have to contend with that, too.

Let’s break it down.

 

Written By: Diana Lundin. If you would like to continue reading,click here.

Renting to Own

A good option for first-time homebuyers?

When Chris and Sarah Kane of Visalia, Calif. decided to purchase their first house, their hopes of becoming first-time homebuyers were nearly dashed by ever-soaring prices and a down payment out of their reach.

“We found a home we really liked for $221,000 and figured we would just have to rent it,” said Chris Kane. “But as we thought more about it, we knew we didn’t want to spend over $2000 a month on a home with nothing to show for it.”

Instead, they took a different tack with the seller.

 

Written By:Suzanne L. Coates. If you would like to  continue reading, click here.

New House or an Old One?

Consider the pros and cons to each

As you embark on your venture to buy a home, one of the first decisions to make is whether to buy new or purchase an existing home. Each choice has its advantages, and there is no single answer that works for everyone.

You may be drawn to the shiny new, energy-efficient appliances, the great room, and the beautiful master suite offered in a new home. But you may also like the charm, the canopy of trees that drape over the sleepy neighborhood streets, and the increasing value of an existing home you’ve been eying.

 

Written By: Michele Dawson. If you would like to continue reading, click here.

Debating Between a Condo or a House

Buying a home is one of the biggest and most important decisions you’ll ever make. Whether you are a first-time buyer, or a veteran homeowner looking to trade up or make a new start, you will inevitably be faced with a number of questions. Your answers will lead you to the home that’s right for you.

One of the most fundamental questions all homeowners face is whether to buy a condo or single family house. There are advantages and disadvantages of each and only you can know what’s right for you.

For Boston newlyweds Michelle and Kevin Millsom, 31 and 36, it was an easy decision. With high-powered financial careers and no children, they were drawn to the excitement of the city and wanted their fingers on the pulse. They bought a penthouse apartment with a breathtaking view of Boston’s famous esplanade and Charles River.

 

Written By: Melissa Paul. If you would like to continue reading, click here.

Don’t Overlook a Home’s Potential

Home shopping for first-time homebuyers it’s an exciting, albeit nerve-wracking, experience. If you’re like others in the market for their first home, you probably have in mind exactly how your soon-to-be home will look.
But it’s important not to fall into the bad decorating, dingy walls and dirt-bare back yard equals bad-home trap. If you don’t see past the hideous wallpaper, funky light fixtures and avocado green carpeting, you may miss out on a home with great potential.
And, if you’re looking for a home in a seller’s market where homes are being snatched up as soon as they go on the market, you’ll come to realize you can’t be choosy if you want to make a competitive offer.

Written By: Michele Dawson. If you would like to continue reading, click here.

Rent Vs. Buy: Six Questions Newlyweds Need to Ask

Love and marriage and then home ownership? The newlywed year is full of milestones including, of course, your first married home together. In many ways, home ownership is still the great American dream and we live in a culture that places a high value on owning a home. It is often a natural step many couples take after tying the knot, but choosing whether to rent or buy is an important decision that needs to be made together. There are some major lifestyle factors that impact that choice.

When you are ready to have a serious conversation about your future home, set up a date with each other either at home or in a place where you can talk quietly and at length. Turn off your phones and other distractions so that you can truly focus. The six questions below are conversation starters to help you evaluate whether or not now is the right time for you to look at buying a home.

1) Where do we see ourselves in the next five years? If you are planning to move to another state, graduate from school, or change careers soon then you may want to rent for a time to give yourself flexibility when the time comes to make a move. Buying a home and keeping it until it appreciates in value is a way to increase your personal wealth but having to sell a home quickly can result in decisions that could cost you money in the short term.

Written By: Deidre Woollard . If you would like to continue reading, click here.