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Buying a Home With Intent to Remodel

From: Design Build Pros

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. While Design Build Pros has successfully done the design and development for several of these types of projects, there are various aspects of the major remodel undertaking that homeowners should understand ahead of time.

Feasibility:

One of the things to consider is the feasibility of the project you want to attempt. Considering adding an attic loft for water views above the second floor? Perhaps a living room addition off the back of the home or a mudroom off the side. Maybe a second garage? Your dream project may not be allowed by your township. The framing of the existing home as

Budget Kitchen Remodeling: Under $5,000 Kitchens

From: Better Homes & Gardens

By: Renee Freemon Mulvihill

Custom Look Finishing the Space
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.

Tota

How Much of a Mortgage Loan Can I Afford to Borrow?

From: SKN Real Estate

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.

So let’s talk about how you can determine the amount you can afford, before you even start talking to mortgage lenders.

Lenders Cannot Tell You What You Can

How to Pay Off Your Biggest Debt: Your Home Mortgage

From: Super Saving Tips

By: Gary Weiner

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?

In 2015, about 62% of all Americans owned their own homes, a number that’s been pretty consistent over the past 20 years (although there has been a decline since 2000). Here’s the scary part. Less than one third of all those homeowners actually own their homes free and clear, and that means that the majority of them have, wait for it

How to Buy a Home With Little or No Money Down

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.

Conventional loans with as little as 3% down

12 Budget-Friendly Nursery Hacks

 

 

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.

 

1. Don’t buy an expens

The 10 Hottest Housing Markets for 2017

 

From: Business Insider

By: Prashanth Perumal

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.

5 Things to Know as You Wait for Closing Day

 

From: Zillow Porchlight

By: Brendon DeSimone

 

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

How to Measure Your Home's Square Footage

From: Zillow Porchlight

By: Jonathan Deesing

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. But if you

4 Trends Affecting Millennials and Homeownership

 

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.

The American Dream is still real for many, but the details are murkier in 2016. The rising costs of college tuition are making it a riskier investment, young people are marrying later and having fewer kids and the appeal of buying over renting is now less obvious than it was for their parents. Blaming the shift on "a changing economy" is a cop-out, as the trends in millennial home ownership are just as cultural as they are economical. H

What are the Tax Benefits of Buying a Home?

 

By Maurie Backman for FoxBusiness.com:

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.

1. The

What Do Rising Rates Mean for Homeownership in 2017?

 

By Jaymi Naciri for RealtyTimes.com:

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.

Rat

7 Reasons You Should Buy Your Next Home Right Now

by Jaymi Naciri for Realty Times

Get off the fence. This might be the best time to buy a home you're going to see for a while. Here's why.

Less competition for homes

Tired of having to duke it out for available homes and then losing out to higher offers? That's a reality in many of today's hot real estate markets, where bidd

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