Our Real Estate Blog
For many individuals, the homebuying journey often begins with getting pre-approved for a mortgage. Because if a buyer has a mortgage, he or she can enter the real estate market with a budget in hand.
Ultimately, there are many signs that now may be the perfect time to apply for a mortgage, and these include:
1. You're ready to upgrade from an apartment to a home.
If you're tired of paying monthly rent for an apartment, purchasing a house offers a viable alternative. And if you get pre-approved for a mortgage, you can move one step closer to moving from an apartment to a house.
In most instances, a home offers a significant upgrade over an apartment. Many residences are available in cities and towns nationwide that offer more space than apartments. Plus, as a homeowner, you won't have to worry about dealing with a landlord.
2. You feel good about your credit score.
If you have a strong credit score, you likely are a great candidate for a mortgage. In fact, you may be better equipped than others to get a favorable interest rate on the mortgage of your choice.
Understanding your credit score is a key part of the homebuying journey. You can request a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Then, once you find out your credit score, you can determine whether you are in good shape to pursue a mortgage.
3. A buyer's market is in place.
In a buyer's market, there usually is an abundance of top-notch houses and a shortage of buyers. This means a homebuyer may be able to get a wonderful deal on a house, especially if he or she performs a comprehensive house search.
To find out whether a buyer's market is in place, you should check out the prices of recently sold houses in your area. Also, you may want to find out how long recently sold houses were listed before they sold. By reviewing this housing market data, you can differentiate a buyer's market from a seller's market and decide whether now is the right time to apply for a mortgage.
If you're interested in getting a mortgage and starting a house search, you may want to hire a real estate agent too. Because if you have a real estate agent at your side, you can receive extensive support at each stage of the property buying journey.
A real estate agent will teach you everything you need to know about pursuing a house. He or she will offer insights into the local housing market and ensure that you can conduct a successful house search. And if you ever have concerns or questions along the way, a real estate agent is ready to respond to them.
Want to launch a home search? Get pre-approved for a mortgage, and you can take the first step to acquire your ideal residence.
Before you can start building your dream home, you must decide on a floor plan. This can be an overwhelming process with so many options available. These five tips will help you narrow your choices down to choose one that is perfect for your needs.
1. Consider Your Lifestyle
This is going to be unique to each person, so take your time considering your lifestyle and what floor plan would suit it best. Make sure to think about your needs now and what they may be in the future. If you are planning to stay in your home through retirement, would a single-floor design work better or a home with a first-floor master suite? Are you planning to start a family? Do you want to adopt a pet? Will you be hosting gatherings often? These are all great questions to consider when creating your ideal floor plan.
2. Look at Your Entertaining Needs
If you entertain regularly, make sure the home has space for that. The space could be in the form of a great room, or it could be in the form of a large outdoor living space. Even a finished basement can be your entertaining area. On the other hand, if throwing big parties isn’t your thing, then you may not need an elaborate floor plan.
3. Discuss the Need for Accessibility
Does your family have a specific need for accessibility in your home? If so, then those features should be part of your design consideration. Wider doorways and open floor plans make it easier to navigate a space with a wheelchair or walker. Hollowed counters and attached garages are also great features to look into as you plan for any accessibility needs you may have.
Accessibility can be related to disabilities, mobility issues or simple ease of use. Regardless of the reason, make your home accessible for the people who will be living in it.
4. Decide if Outdoor Living Spaces Are Important
Does your family enjoy spending time outside? Do you have small kids who may want to play in the backyard? Outdoor living spaces, such as decks or patios, can be part of your home’s design. If you think this is something you will be using regularly, make sure you choose a home design that includes it. If not, then you can skip these features and simply enjoy the yard that comes with your lot.
5. Know Your Design Style
Before you start shopping for your new home, take some time to drive by homes in your area or look at pictures of finished homes. What designs jump out to you? What is your design style?
Your home plan is an important part of the building process, and it’s worthwhile to carefully consider your options. With these five tips, you can land on a home floor plan that is the perfect fit for your needs and wants.
As a home seller, you need to do everything possible to learn about the competition. By doing so, you can find out what sets your house apart from other available residences and promote your home accordingly.
Ultimately, gaining a competitive advantage over rival home sellers can be simple – here are three tips to help you do just that.
1. Become a Real Estate Market Expert
Allocate the necessary time and resources to analyze the real estate market closely – you'll be happy you did. With housing market insights at your disposal, you can map out a successful home selling journey.
Take a look at the prices of homes that are currently available in your city or town. Focus on houses that are similar to your own, and you can establish a price range for your residence.
Also, examine the prices of recently sold houses in your area. This will allow you to see how long it took for these residences to sell. Plus, you can find out whether you're about to enter a buyer's or seller's market.
2. Learn About Your Home's Condition
Conduct a home appraisal, and you can gain unparalleled insights into your house's condition.
A home appraisal usually takes just a few hours to complete. During this appraisal, a property inspector will examine your residence and identify any home problems. Then, the inspector will offer a report that outlines his or her findings.
Following a home appraisal, you can determine the true condition of your house. That way, you can prioritize various home improvements and ensure that your home's condition serves as a key differentiator after you list your residence.
3. Work with a Real Estate Agent
If you're unsure about how to approach a competitive real estate market, there is no need to worry. Many real estate agents are available to assist home sellers and provide these sellers with extensive support throughout the home selling journey.
A real estate agent can offer tips to help a home seller bolster a house's interior and exterior. This housing market professional understands what it takes to promote a residence to the right groups of homebuyers too. Thus, he or she will do everything possible to guarantee your residence stands out from the competition.
Perhaps best of all, no question is too big or too small for a real estate agent. If you want to know the prices of recently sold houses in your neighborhood, a real estate agent can provide you with the pricing data that you need. Or, if you want to enhance your home's interior, a real estate agent is happy to help you discover the best ways to transform your house's interior from drab to dazzling.
Competition is fierce among home sellers. But with the aforementioned tips, a home seller can gain a competitive edge, one that can help this seller accelerate the home selling journey and get the best price for his or her house.
Old Winslow Road, Wilmot, NH 03287
Homeowners invest in outdoor seating areas with an understanding these spaces improve their quality of life and provide a substantial return on investment. The combination of home improvement and financial gain entices working families to build outdoor living spaces and verandas rank among the gold standard. The one drawback patios, pergolas, and verandas have in common is that homeowners must retreat indoors to prepare full-course meals and when the weather turns cold. By implementing the following home improvement strategies, verandas can be transformed into all-season living spaces.
1: Install All-Season Heating System
Because verandas typically have open-air sides, they tend to provide only a limited outdoor experience. The same design element that allows homeowners to breathe in the fresh air and relax restricts space usage.
One of the trending solutions for a cold outdoor space involves installing infrared box heaters. This technology remains well-suited for residential outdoor spaces. Infrared box heaters can be secured to a veranda overhang or attached to the walls. There are three key benefits to employing this next-generation technology. First, they deploy radiant heat that warms objects and people rather than the air. When a cool breeze flows through the veranda, occupants remain comfortable. Second, infrared heaters do not use an open flame, making the system safe for semi-enclosed spaces. Third, many infrared products conveniently run on natural gas or electricity.
2: Install an Outdoor Kitchen
It's not uncommon for homeowners to think about outdoor living spaces as places to get away from hectic life. Comfortable seating and a pleasant view make this an area to be mindfully present with yourself. While that certainly adds quality of life benefits, installing a full kitchen means homeowners can stay in that relaxed state indefinitely. Outdoor grills can be a viable option under the weather protection of a veranda. To utilize these traditional outdoor cooking units, homeowners will need to select a place in the veranda that can accommodate an overhead exhaust fan and venting system. This resolves the problem of having to position outdoor grills away from the secure space. Add a complete countertop, drawers, sinks, a refrigerator and the veranda offers the peaceful enjoyment of your property all day.
3: Add Privacy and Windbreak
Part of the daytime experience of enjoying a veranda involves taking in the picturesque views. However, nighttime areas with lots of lighting reduce privacy. Passersby and neighbors notice the light in the darkness and what you're doing. That's why installing rolling privacy shading such as long lengths of matchstick bamboo makes sense. Many of these easy-to-install products run upwards of 96 inches, making them ideal for open-air verandas. Along with providing visual privacy, they can also curb winds that would otherwise disrupt your sustained relaxation.
Property owners invest in outdoor living spaces to improve their quality of life and property values. Upgrades such as outdoor kitchens, infrared heating and privacy elements allow homeowners to maximize the benefits of verandas all year long.