MORE HOUSE. MORE YOU.
A BLOG ABOUT BUILDING, DESIGNING, DECORATING AND LIVING IN YOUR DREAM HOME
Recommended Readings
BUILDING A NEW HOME VS BUYING AN EXISTING HOME
My nephew and his wife contacted me recently to ask my opinion on whether or not it was better to purchase an existing house or build. It was a great question and got me thinking about the best way to answer it. I asked them whether they had ever looked at houses, and if so, which one was more appealing to make an offer. They had seen a lot of houses, but none seemed to be in their price range. Although they liked one house they saw, they realized it had an 11-year-old roof and would require a new roof soon. They wanted to know how much a new roof would cost. I didn't know the exact size, pitch, or other details so I made a guess at $12,000 to $15,000 depending upon a few things that I would need to know. They hit the nail on its head with [...]
How do I buy a home if I already own one?
This is a crucial question that needs to be answered. You will ultimately have to decide how you want to proceed based upon your situation and your tolerance for risk. There are two options to consider when you purchase a new home and presently own a home: 1. SELLING YOUR PRESENT HOME BEFORE STARTING CONSTRUCTION ON THE NEW HOME You can sell your existing home before you build a new one. This allows you to estimate how much you will need to pay. If the buyer does not allow you to stay in your current home, it will most likely require you to find temporary living quarters or move furniture twice. The buyer should not settle on the current house until the new one is completed. However, buyers will often want to buy and move in before the normal building time for a new home. A buyer might also be [...]
Is there any hidden cost to building?
BUILDING PRICES STYLE LIKE ICEBERG. A HONEST BUILDER WILL DISCOVER WHAT'S BELOW THE SURFACES. It's exciting to build your dream home. More than 1,000,000 new homes will be built this year, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development. You've probably thought about building if you have ever had the idea. Because of all the factors involved in building a house and the choices that you make, the answer may be more complex than you think. Fine Line Homes' goal is to make building easier, more fun, and less stressful. This means that you will have complete transparency regarding your building costs and materials. Upfront Pricing will give you exact pricing and let you know that the products are of higher quality. Not all home builders are the same. We'll help you make informed decisions by revealing hidden costs and fees that builders use [...]
ADVICE ON FINANCING FIRST HOME
It is exciting to buy your first home. However, financing your home purchase can be daunting. Both cases require you to do extensive research and shop carefully to find the exact items you are looking for. It can be difficult to decide how much you want to spend on your home, what type of mortgage is best for you, and what the settlement process will look like. There are many resources that will help you prepare before you even step foot in a model home, sales office or open house. Learn the lingo. The NAHB's Home Buyer's Dictionary can help. Determine what you can afford to pay monthly. Keep in mind that you will have to pay escrows for property taxes and hazard insurance. A lender doesn't have as much information about your daily living expenses as you do. Don't compromise on that number. Calculators for mortgages can be used [...]
HERE ARE 7 TIPS FOR A GOOD PROFITABLE HOME CLOSING
G. M. Filisko, an attorney and award-winning author, is a lawyer. She is a frequent contributor to publications such as Bankrate, REALTOR Magazine and American Bar Association Journal. Her specialties include real estate, personal finances, and legal topics. You should ensure that you walk away with all of the proceeds from the sale. You may feel like you are done when you close on your home and can move into your new place. But not so fast. It is easy to lose a few bucks here, and mistakes can creep into closing documents there. All of this adds up to a lot of lost profits. These seven tips will help you spot money-losing issues. 1. TAKE SERVICES OUTSIDE OF YOUR NAME Avoid any disputes with buyers following closing about fees or cable service that you have not discontinued. Get in touch with every utility or service provider to terminate or [...]
