Thursday, February 2, 2023 / by Makayla Santa Ana
The Pros And Cons Of Renting Vs. Buying
Finding the right time to buy a home is an integral part of owning a home. If you are looking to purchase a home at a certain time, this article will help!
As outlined in this article, the best time to buy a home is when you can afford the to make the payments on your mortgage every month and you're planning on staying in the home longterm.
It is best to rent if you are only staying in the area for a short amount of time like less than 3 years.
Buying is better than renting
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Even though it may cost more at first, buying compared to buying a house is best. You are able to make updates and changes, since you own the property.
This is because of the limited lifespan of new homes. If you have to replace a heating or cooling system, install a new roof or replace that with a newer one, then you can update the exterior and interior.
Home repairs are limited by how much you know about them and how good your ...
Wednesday, February 1, 2023 / by Makayla Santa Ana
The Impact Of Interest Rates On The Housing Market
How do interest rates affect the housing market?
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Interest rates affect the housing market in several ways.
When interest rates are low, borrowing money to buy a house becomes more affordable, which can lead to increased demand for housing and higher home prices.
On the other hand, when interest rates are high, it becomes more expensive to borrow money, which can decrease demand for housing and cause home prices to decrease.
Additionally, changes in interest rates can affect consumer confidence, which can also impact the housing market.
How do interest rates affect home buyers?
When rates rise, houses are more expensive to purchase. This is because banks and credit unions charge more interest on your loan. This is important to know when buying a home because it will effect your monthly payment on your home.
Also, home buyers with higher rates may not spend as much becaus. ...
Monday, January 30, 2023 / by Makayla Santa Ana
The Benefits Of A Home Inspection Before Buying A Property
A home inspection is an essential part of buying a house. While some sellers try to exclude it, this process should be done prior to closing on a property.
A home inspector will spend time looking through every area of the house, from the outside to the inside. They will check everything form the roof to the floor including the plumbing and electrical systems. This includes testing each appliance in person to make sure they work.
The home inspector will also take pictures and do other research about the house – for example, by speaking with neighbors or going online. These are all important parts of the inspection that help determine the health and safety of the house.
There are two main reasons why you need to have a home inspection before buying a house. The first is legal - as a buyer, your REALTOR will see these documents, and he/she can give any opinions and negotiate with the seller to make changes BEFORE you bu. ...
Thursday, January 26, 2023 / by Makayla Santa Ana
How To Find The Perfect Fixer-upper
Finding your dream home can be tricky, but there are some great steps you can take to know what properties are worth your time investment and which ones you should move on from.
Finding your dream house is like finding a partner. You want to find one that makes you happy and works well with you!
Just because someone isn’t as flashy or has average features doesn’t mean they aren’t worthy of your love. They may have just bought this house, or lived in it for a few years before deciding to upgrade or downgrade. Who knows? Maybe their next house will be our new favorite!
With that said, here are some tips to help you determine if a potential home is the right fit for you and also gives you hope that maybe you could afford a similar house down the road. These are things that can easily cost nothing extra, but make a big difference when looking for a home.
Too often people get distracted by the size of the lot,. ...
Wednesday, January 25, 2023 / by Makayla Santa Ana
Buying A New Construction Home Vs. Buying A Resale Home
Purchasing a home is both an expensive and stressful process. There are many things to consider, like whether you’re looking at buying a new construction (or “new house”) home or purchasing a resale home.
A lot of people begin the housing market with one of these two types of homes before moving onto the next stage. The difference in price between a new home and a pre-owned home can be significant!
In this article, we will talk about the differences between buying a new home and buying a used home so that you know which type of home is best for you!
New homes cost more than older houses
There is no way to sugarcoat it – new homes are usually much more expensive than similarly sized and equipped old homes. This is due to several reasons:
Land costs – A large part of the price of most new homes is land. Houses need somewhere to go! You will typically pay a premium to own a larger plot of land.