Tag Archives: real estate

4 Things to Look for When Buying a Home

Househunting always comes with a lot of questions. Sometimes those questions have obvious answers, while other times, you might have to do some digging. Here are a few things you should always look for when going house hunting. 

Photo by Sieuwert Otterloo on Unsplash

Heating

If you live in an area where you’ll be running the heat often, be sure to ask what kind of fuel the heating system uses. If the home is currently equipped with electric or natural gas, make sure you confirm there aren’t any old oil tanks buried on the property. If there is an old tank, be sure to contact a professional who can do an underground tank removal Putnam County.

Property Boundaries

Often, homeowners and their neighbors might assume certain things about a property’s boundaries based on word of mouth or history. However, those assumptions can be problematic for a new homeowner. A proper survey of the property will reveal any easements, protected wetlands, or other potential issues you might run into in the future. 

Flood Plain

Even if you’re somewhat far from a body of water, you should always check to find out if your new property is on a flood plain. If you’re on a flood plain, ask your homeowner’s insurance company what type of coverage you should purchase to ensure your home will be covered in the event of a flood.

Roof

A roof can be one of the most expensive repairs a homeowner can incur. Fortunately, there are numerous ways to determine if you might be looking at a repair soon. When you purchase a home, ask how old the roof is. If it’s more than twenty years old, you could be in for a replacement in the next few years.

The items listed here are some that might not be at the forefront of your mind when purchasing a home. Still, you must identify any areas that could have a long-lasting impact so you can go into homeownership with a clearer picture of the future, which can lead to less stress in the end.

How to Afford Living in the City

The “city” is often more expensive to live in when compared to the suburbs. That’s for good reason. The city is where all the modern conveniences are. It’s where many of the jobs are. Plain and simple, it’s where the money is, and if you want to live in the center of it, chances are good that you’ll have to shell out some good money to do so.

If living in the city would put you near your job and everything else you need, you might not be willing to compromise on it. So, how can you afford city living if it’s a bit expensive for you?

It turns out there’s a way to do everything. Don’t turndown that real estate in Toronto just yet. Here are three ways to afford living in the city.

Get a Roommate

If you’re looking to save money on some swanky city apartment, one great way to do it is to split the costs right down the middle with a roommate. The right roommate shares the expenses and even does half the work of upkeeping the place. That is in an ideal world, of course. Finding the right roommate is important, so be sure to interview closely.

Don’t Spring for Luxury

As with anything, the more luxurious it is, the more it will cost. Ask yourself if you really need the best of the best city apartments. Do you need that multi-bedroom suite that’s above the historic bank on the best block of the city? It would surely be nice to have it, but if you’re doing this on your own for the first time, maybe go for something more modest and affordable. One bedroom, a kitchenette, a living area, and a bathroom sounds fine for one person. It saves money, too!

Live Within Your Means

Now that you have this city apartment, you have to do everything you can to save your money. It can be easy to overspend if you don’t pay attention to finances. In this case, you should make a budget that you adhere to at all times.

Set a monthly limit on your spending. Factor in all the important things you need to buy, with rent, bills, and groceries as top priorities. Try to limit impulsive buys, and do whatever you can to reduce your spending even more. You can walk instead of paying for gas or taking a bus.

All these things together should give you some good ideas on affording that city apartment you’ve been wanting!

3 Things To Do if You Want To Sell Your Home

There are many reasons to want to sell your home. You could be moving to a new location or are downsizing. Maybe you’ve just outgrown your current home and need something bigger. If you are thinking about listing your home, make sure to do these three things.

Photo by Sieuwert Otterloo on Unsplash

1. Find a Realtor

The best way to get your house listed and have potential buyers visit is to hire a professional. A realtor Suttons Bay MI is able to do a lot of the hard work for you such as hosting open houses, networking with other realtors to promote your property and creating a marketing plan. Your realtor can also give you advice on how to prepare and present your home for a fast sale.

2. Prepare Your Home

Once you’ve selected a real estate agent, you need to prepare your home for open houses and private showings. You want your house to look its best and this can mean removing worn-out furniture, cleaning and doing some painting. If you’ve already moved out, hire a stager to fill empty rooms. Potential buyers want to see what a room can be and empty rooms make that hard. Remove anything that’s too personal, such as family photos. You are not selling your home but selling someone else their new home.

3. Contact a Mortgage Lender

If you are planning on buying a new house at the same time that you sell your current house, you need to make sure your finances are in order. Find out what you owe on your current mortgage and order a beneficiary statement. Contact lenders to get quotes and find out how much you will be approved for. Your agent will be able to give you mortgage broker referrals if you’re not sure who to contact.

Selling your family home can be a bittersweet experience but it doesn’t have to be stressful. Follow these suggestions and your house will be someone else’s before you know it.