Carol-Ann Palmieri & Al Mussi's Blog
The homebuying journey may be complicated, particularly for those who fail to plan for it. Fortunately, there are lots of things that you can do to boost your chances of enjoying a successful property buying experience.
Now, let's take a look at three tips to help you start a successful homebuying journey.
1. Establish Criteria for Your Home Search
Create homebuying criteria – you'll be glad you did. With homebuying criteria in hand, you can speed up the process of finding your dream residence.
Think about the features you want to find in your ideal house. For example, if you want to own a residence that boasts a luxurious in-ground swimming pool, you can search for houses that offer this feature. Or, if you want to purchase a home that includes a central air conditioning system, you can hone your house search accordingly.
Don't forget to consider where you want to reside too. If you prefer big city life over small town living – or vice-versa – you should account for this factor as you kick off your house search.
2. Get Your Finances in Order
Obtaining a home mortgage is key, especially for individuals who want to streamline the homebuying process. Luckily, banks and credit unions are happy to help you select the right mortgage based on your individual needs.
Banks and credit unions employ friendly mortgage specialists who can take the guesswork out of home financing. If you meet with these professionals, you can learn about all of your mortgage options. Then, you can select a mortgage and enter the housing market with a budget.
3. Hire a Real Estate Agent
Navigating the homebuying journey on your own may prove to be exceedingly difficult, regardless of whether you are operating in a buyer's or seller's market. However, if you hire a real estate agent, you can simplify your house search and discover your dream residence without delay.
A real estate agent knows the ins and outs of the housing market and will share his or her expertise with you. That way, you can work with a real estate agent to become a housing market expert.
In addition, a real estate agent offers comprehensive support throughout the homebuying journey. He or she first will craft a custom homebuying strategy for you based on your property buying goals. Next, a real estate agent will keep you up to date about available houses in your preferred cities and towns. Once you find a home you want to buy, a real estate agent will help you submit a competitive offer to purchase it. Finally, a real estate agent will guide you through the home closing process.
For those who want to enjoy a quick, easy homebuying experience, it usually is a good idea to plan ahead as much as you can. Thanks to the aforementioned tips, you can launch a successful homebuying journey and take the necessary steps to acquire your dream residence any time you choose.
Many home buyers seek out fixer-uppers or older homes as a way to save money. And, while this method can be a great way to save, it does come with a few caveats.
Upgrades and repairs can vary greatly in price. Some might be simple, whereas others can take weeks or months, require permits, and uproot your plans. For these reasons, it’s good to know what you’re getting yourself into with home repairs.
In this article, we’re going to cover the most expensive home repairs and upgrades. That way when you find a home listing that you’re interested in, you can rule out these costly repairs early if you aren’t willing to spend the extra money on them after buying the house.
1. Sewer and septic
Finding out you need to replace a sewer line or a septic system can be a nightmare. Sewer lines are most often damaged by tree root growth, leaving older homes the most vulnerable. On average, homeowners spend around $2,500 to repair a main sewer line.
If you move into a new home that previously only had one inhabitant, you may find that the septic system can’t keep up with the increased workload. Repairs for a septic system average around $1,500. And to replace the septic system and install a new one? You can expect to spend around $5,000 or much more, depending on your needs and location.
2. Foundation repair
Older homes are also subject to foundation damage over the years, which can cause many problems, including safety concerns and water damage.
Houses that have poor drainage and high soil moisture are particularly vulnerable to foundation damage. And, like sewer and septic issues, tree roots can also pose a problem.
For minor cracks, foundation repairs can cost as little as $500. However, more severe damage can cost up to $10,000. On average, Americans spend around $4,000 when they repair a damaged foundation.
3. Roof replacement
Roof replacements are inevitable, but there are ways to ensure you won’t have to install a new one anytime soon. For example, slate and metal roofs can last over 50 years. And concrete? A hundred years or more.
The most common type of roofs, however, are made from asphalt shingles, which last around 20 years. In terms of price, asphalt tends to be the cheapest as well, costing as low as $2,000 to replace. Metal and slate roofs are significantly more expensive, starting at $5,000 and $17,000 respectively.
4. Heat pump installation
Installing a heat pump can be quite costly, with the national average being around $5,300. However, if you live in a moderate climate, a heat pump can replace both your furnace and your air conditioning unit.
Furthermore, if you plan on staying in the home for several years, a heat pump tends to be much more energy efficient than older alternatives.
5. Kitchen remodel
Of all the household remodeling projects--basement, bathrooms, etc.--a kitchen remodel tends to be the priciest. Americans spend about $21,000 on a kitchen remodel. The most expensive part? Cabinetry and hardware at $6,000.
182 Cordaville Rd, Southborough, MA 01772
182 Cordaville Rd, Southborough, MA 01772