Buying a home is not an easy task, and it is very easy to make a mistake or miss a step. For first time home buyers, it is very easy to make mistakes when buying a home. Doing just a little bit of research before buying a home can help to avoid many of the pitfalls and blunders that befall many people when they set out to be homeowners. Know what mistakes to avoid when buying a home can mean the difference between prosperity and possible ruin.
Which are the most affordable cities for renters? It would have been easy to just look at the lowest average rent payments and called it a day but we decided to take a deep look at over fifty of the largest cities in the US and scored them based on a number of factors including population, quality of life, affordability, unemployment, average income and many other factors . After all our hard work and research we are happy to share our findings for the most affordable cities for renters in the United States. These cities may not be the lowest rent, but they are the most affordable when considering a number of key factors.
Finding the right home to buy is not as easy as it seems. There are plenty of decisions to make far before ever beginning to look at homes for sale, and there are many factors that go into deciding to buy one home over another. Here are some home searching tips to help narrow down and pinpoint the right type of home to buy and at the right price.
Few things in life are better than getting your entire security deposit back in your pocket. Okay maybe that’s stretching it a little bit, it may seem like a near-impossible task to get back the entire amount of your security deposit on a rental unit, but it can be done. That deposit cash belongs to you; it is yours so you should be able to recoup most, if not all, of that money back into your wallet.
The Federal Reserve has raised the prime interest rate for the second time this year alone and the seventh time in the past two years. Not only is this the second rate increase this year already, but the Fed is also expected to raise the rate at least two more times before 2019. After meeting for two days, the Federal Open Market Committee held a vote for the increase its benchmark fed rate. This is the sixth rate increase in three years and moves the central bank further away from fiscal policies which helped America regain some momentum in the markets to recover from the recession a decade earlier. This rate increase comes on the heels of a strong economic outlook and the expected rise in GDP.
Saving up enough money to buy a home can be challenging for most anyone, but that burden is particularly heavy for first-time homebuyers. Just coming up with the whopping twenty percent down payment. Over half of Americans do not even have one thousand dollars in savings much less fifty to eighty thousand lying around for a down payment.
The good news is you may not necessarily need the full twenty percent down if you are a first-time homebuyer. The average down payment is more around eleven percent, and among buyers under the age of thirty-five, it is even lower at around eight percent. However, even at eight percent in some areas like Los Angeles, San Francisco, or New York City eight percent is can still hover around forty to fifty thousand dollars.
If you are a buying a house for the first time, you must prepare for some additional, unexpected expenses. When buying a home, there are almost always additional costs you will incur that you had not thought about before buying. We know you were excited because you found that ideal home at the right place in the right neighborhood with almost all those features you had on your checklist. Be careful though because you do not want to end up paying a ton of money unexpectedly right after you move in.
Find a pet-friendly rental these days can be a bit of a challenge. Your pets feel like a part of your family, but there is an increasing number of property owners who are not allowing pets, and those who do are charging deposits, fees, and even pet rent. It is understandable for a landlord to want to reduce their risk of damage, nobody wants to pay to repair damages caused by a pet especially when it’s not even yours. However, we also do not want to drift towards a society where pet ownership and home ownership are mutually inclusive.
Now is a smart time to lease to own homes in Charlotte, NC. The city of Charlotte is one of the best places in the country for overall job growth and career opportunities. In addition, Charlotte is the second largest banking hub in America behind Wall Street. It is also one of the most romantic cities in America, one of the top cities where Millennials are moving, one of the top craft beer cities, and a quickly growing culinary hotspot. Charlotte’s local slogan “It has a lot.”, is not just fluff.
Need some tips on designing your studio space? Well, you have come to the right place. We understand designing the layout of a studio style apartment presents a very specific set of challenges. It can be hard figuring out how to separate the space available into a workable blend of function and aesthetics. Follow these tips and you will not have to sacrifice eye appeal for necessity.