The Pros and Cons of Buying a New Home Versus Buying Pre-owned

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Are you thinking about buying a new home? Congratulations! Buying a house, condo or townhouse is an exciting and rewarding time which tends to be a lot of fun. However, along the way you'll need to make a number of decisions – including whether you want to buy a pre-owned home or one that has been built recently and is brand new. Let's take a quick look at some of the pros and cons of buying a new home versus buying pre-owned. New Homes Tend To Have Fewer Problems One of the major upsides of buying new is that newly-built…
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Three Ways That Your Credit Score Affects Your Mortgage and Your Chance of Obtaining One!

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If you're thinking of buying a home, you've probably been thinking a lot about your credit score as well. Credit scores control so much of what we do in the world of finances, but what does your credit score really have to do with your mortgage? Here are three ways that your credit score could impact your mortgage application. Your Credit Score Affects Your Ability To Get A Mortgage The first thing your credit score tells a lender is whether they should lend to you at all. In some cases, if you have a very low credit score, you may…
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How to Purchase A Luxury Home Without Up-sizing Your Costs

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Size matters when you are buying a new home. Whether you plan to expand your family, need more room for your stuff, or are concerned with resale value, you want to get the most space for your money. Also, if you want to add a feel of luxury to your home, one of the best ways to do it is to create open spaces rather than cramming all your furniture in rooms so tiny you can barely walk around without knocking something over. Traditionally speaking, the larger a home is, the more it costs. If there are two newly built…
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Looking For A Major Lifestyle Change? Consider Buying A ‘Micro’ Home

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With the sometimes high cost of buying and maintaining a home and the concept of being sustainable becoming more popular, many people are considering moving to a smaller home to minimize their impact. It's important, however, to consider what living small is really like before deciding that it's the right move for you. If you're curious about life on a smaller-scale, here are some things to contemplate beforehand. Getting Rid Of The Excess It's just a fact that a smaller amount of space means a smaller amount of stuff, but many people don't realize this works two ways. While you…
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Questions to Ask When Buying New Construction

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Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn't come without its own set of questions. If you're in the market for a new home, and considering new construction, make note of the questions below when you begin your property search. What are the long term plans for the community? Unless you're looking at custom homes on acreage, it's likely new construction…
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What To Know When Looking At Active Adult Communities

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For many Americans, retirement age is fast approaching or already here: Baby Boomers account for nearly 75 million individuals in the United States. Retirement can present a lot of opportunities, especially when it comes to relaxation, activities, and the enjoyment of life with those of a similar age. More and more Americans are looking to 55+ communities to fulfill those wants and needs. Active Adult Communities 55+ communities, also known as an active adult or age-restricted communities, are becoming increasingly popular throughout the U.S. because of what they offer and can provide. Traditionally thought to be only in warmer climates,…
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5 Important Questions to Ask When Buying New Construction

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Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn't come without its own set of questions. If you're in the market for a new home, and considering new construction, make note of the questions below when you begin your property search. What Are The Long Term Plans For The Community? Unless you're looking at custom homes on acreage, it's likely new construction…
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New Home Buyer? Don’t Make These 3 Common Mistakes!

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Looking for your new home can feel like a daunting task, especially if it's your first time going through the home buying process.  Sometimes, all of the choices may feel overwhelming. You want to make the best decision for yourself and your family.  Here's a quick list of three common pitfalls that some home buyers experience: Choosing to Skip the Inspection A home inspection is a necessity. This is your opportunity for a professional to uncover any potential problems in a property that you cannot see. Or even something that you might not have known to check. Your new home…
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When Is the Right Time to Buy Your First Home? Use This Easy 4 Point Checklist

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Are you growing tired of renting? Or perhaps you've recently graduated from college and are looking to set down some roots? Whatever the case, buying your first home is an exciting prospect. Let's take a look at a quick and easy four-point checklist that you can use to determine if you are ready to buy your first home. #1: Is Your Credit In Good Shape? How is your overall financial health? Once you have your down payment saved up, you should turn your attention to your credit rating. If you are going to borrow a mortgage to help cover the…
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Down Payments 101: Is It Worth It to Put More Than 20 Percent Down?

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Are you thinking of buying a new home this spring or summer? If so, you're not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you're a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment. With that in mind, let's try to answer the question of whether or not it is worth it to put more than 20 percent of the home's price…
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