Buying a home is a big financial and lifestyle decision, and if it’s your first home, it can be nerve-racking. Though your mortgage banker and real estate agent will be there to guide you, there are certain things you should be aware of before jumping into your homebuying journey. Here’s our list of the biggest first-time homebuyer blunders and how to avoid them.
If you’re thinking of purchasing a home in the near future because of high rent, you’re not alone. In the first quarter of 2016, one in four homebuyers was looking to purchase a home because of their expensive rent, according to Redfin. Homeownership is a big decision, so whether you plan to buy this fall or down the road, walk through these initial steps to go from renting to owning.
Buying a home is a huge investment, making education essential. Here are several common myths and misconceptions surrounding the process of buying and financing a home.
In honor or St. Patrick’s Day, we’re seeing green! Green homes, that is. You don’t have to install solar panels or starting growing your own produce to become a green and efficient household. You can easily reduce your carbon footprint, while minimizing your utility bills with these nine cost-efficient steps.
With interest rates near historic lows and rental costs still soaring, it makes sense to invest in some real estate, but just like buying a primary home, investing in a rental property requires a lot of consideration, research, and decision-making to guarantee a positive return of investment. Though these tasks may seem daunting to a first-time real estate investor, they are essential to making sure your property will generate the revenue you desire.
As a first-time homebuyer, you have a lot on your plate. From saving for a down payment and closing costs to keeping your credit score mortgage-ready and finding a home that suits your needs, you’ve accomplished a lot even before purchasing your first home.
Now that you’ve closed on your home, there are still some mistakes you should avoid to keep your first year of homeownership a positive experience.
U.S. households heating their homes primarily will natural gas can expect to spend $578 on average this winter, according to the U.S. Department of Energy. Households using propane or heating oil will spend, on average, anywhere from 2 to 3 times that amount. Though heating costs vary greatly due to differing climates, home sizes, insulation, and home age, there are several things you can do this winter to cut down your heating expenses.
Though spring and summer are considered the most popular seasons of the year to buy a home, don’t let winter weather and the holidays deter you from purchasing in the off-season. In fact, the best day of the year to buy a home is in late October, in regards to getting the best price deal. If you’re trying to decide whether or not to brave the weather or wait until spring, here are some pros and cons of winter homebuying.
Home automation and smart home devices are continuing to gain popularity this holiday season. Whether you’re looking to increase energy efficiency, home security, or simply make you home a cooler place to reside, these are some of the best smart home gadgets to add to your holiday wish list.
Buying a home is a huge financial committment and lifestyle change. Before you start looking for potential homes to purchase, there are several things you, as a homebuyer, should cover, including current financial standing, credit, and home affordability.