The Commonwealth Blog

Wednesday, October 31, 2018

How to Clean Your Closet of Clutter

Your closet can be a difficult place to keep clean and tidy. Tripping over shoes or being late to work because your blazer was hidden underneath piles of clothes is never fun. Between dirty laundry and clean clothes ready to be put away, it’s easy for it to get messy quick. Make your closet a functional and clean space to transform your wardrobe into an organized utopia.

Get Rid of Unused Items

Cleaning your closet can be an intimidating task. A good place to start is to get rid of anything you don’t use. It might seem obvious, but it can be hard to hold on to things even when you don’t need them. If you haven’t worn something in the past year, it's likely you won’t again anytime soon. Make a pile of what clothes you still need and make a pile of what you can donate. This way you are organizing and giving back at the same time. You’ll be thankful for the extra space you gain from giving away unused items in your closet.

Separate by Season

A simple way to make clothes easy to find is to separate them by category. Some prefer to have clothes organized by color but organizing by season can also be very helpful with less of a hassle. Have winter clothes in one section of your closet and summer in another. You’ll know without hesitation where your winter coat is when the cold weather creeps up. It makes it effortless to get ready when you have the clothing you’ll be wearing during that time of year ready to grab-and-go.

Fold for Maximum Space

Folding your clothes is a great way to keep your closet looking and feeling organized. You’ll be able to find your favorite shirt easier when it’s neatly folded. Put things away after you’ve washed them. It’ll save time and space when you know what’s clean and what’s not. Folding the clothes you don’t have hanging makes all your other clothing accessible and in order. With everything put away cleanly, you’ll be able to see exactly the spot every outfit is located.

Utilize Smart Storage

 

If your closet is missing structural organization, its simple to make it yourself. Add hanging racks simply by using a curtain rod and adjusting the size to fit a place to hang clothes. You’ll maximize space for everything you need to hang. Plastic bins are helpful to use for the bulky clothing. Heavy sweatshirts, sweaters, and jackets can be kept organized in a plastic bin until they are ready to be used. Don’t sweat over losing another pair of shoes. Keep your kicks organized on a 

 

Your closet is easy to get messy, fast. However, if you use these few tips to keep things organized, you’ll have a stress-free time when it comes to getting ready. Utilize the space you have and keep it tidy by creating a section for every category of clothing. You’ll be thankful for clearing out the things you don’t use and, in the process, create a clutter-free closet.

Monday, October 29, 2018

Reasons Co-Living Is on the Rise



The combination of individuals moving to cities by themselves and the rising prices of single-space living options rationalizes the recent trend of co-living spaces. Residents living in a co-living space still have the option to rent a private room but share common areas such as kitchens, bathrooms, and dining spaces. Especially among millennials, the idea of living with other’s is an attractive option. It’s the opportunity to meet new people, feel included and immersed in a new city while lowering the rent budget that has the new market of co-living spaces booming. Especially in big cities, this trend has skyrocketed in reaction to the outrageous single-bedroom apartment prices. High rent prices, unknown knowledge of the market, and the option to interact with others are all reasons contributing to the appealing option of living in a shared space.

Say Goodbye to Seclusion

People who crave community have the option to feel included in a housing situation that is less lonely than individual housing. Co-living spaces are a great opportunity for young adults who are looking to balance both privacy and interaction. It is the perfect way to still have your own private bedroom but enjoy mingling with housemates during meal time and gatherings. Not knowing anyone in a city can make you feel lonely and unincluded, while a co-living space is a great transition while you get your feet under the ground. Enjoy the perfect combination of privacy and socialization with co-living space that better fits your budget.

Take the Hassle out of Housing

No chores, no buying bulky furniture, no maintenance issues –sounds like a dream come true for most people. Many co-living spaces offer the option to rent bedroom furniture if needed and with the rest of the house fully-furnished, it saves effort and money you’d spend shopping to decorate a whole apartment. Another upside is only having to be responsible for your privately rented bedroom. While you might still have to help with some clean-up, most of the upkeep is taken care of. Most co-living spaces boast a plethora of amenities including free Wi-Fi, housekeeping, parking, linens and towels, and most importantly, coffee. Co-living gives individuals the option to begin balancing and budgeting life on their own while still interacting in an all-inclusive space.

Realistic Prices

Especially in big cities, co-living spaces are in high demand with new facilities being built rapidly. Manhattan, San Francisco, Chicago, and Washington D.C. are all cities where the launch of co-living is in full force. In some of those cities, co-living spaces can average $500-$1,000 cheaper than the rent of a single-bedroom apartment or studio. Especially for young adults just starting out, big cities have better job opportunities, but the price of rent is crushing to people who are just beginning their careers. Co-living spaces offer an opportunity to make dreams of big-city living come true with a price point that is more realistic and affordable for most individuals.

Co-living can be a great option for young adults looking for social opportunities and can also be an ideal way to save money when moving to a city with high rent prices. A place that fosters communication, collaboration and a sense of community is attractive for those who thrive on new experiences and new people. Co-living is a great way to get the best of both a private room and social interaction.  

Wednesday, October 24, 2018

Will You Buy a One or Two-Story Home? Here's What You Need to Know

There’s More to Consider than Curb Appeal

When hunting for the perfect home aesthetics may be high on your list. You want your future house to be attractive – a home people pass by and think, “Wow, what a good-looking place.” Alongside attractiveness, you’ll likely consider functionality. Is this a good home for a family? For elderly relatives? Is its layout conducive to your lifestyle?

These are just a few of the questions you will ask yourself while embarking on your house hunt. But there’s one more question you should seriously consider – should you buy a one or two-story home?

Perhaps overlooked, this question is worth pondering, as there are several important pros and cons associated with each building type. When making this decision, consider the following factors.

One-Story Homes Are Easy to Design and Maintain

Building a dream house is easier if you’re settling for one story. They are more simple to design and cost-effective – two major brownie points. Because they’re structurally easier to engineer, they can be built with prefab components, making your life and your contractor’s life a bit easier during the building process. Plus, you won’t drain your pocketbook.

One-story homes are also easier to maintain because everything resides on the same level. You don’t have to carry the vacuum or haul any bulky objects upstairs to check off your chore list. Laundry can be done downstairs without it having to be carried upstairs to bedrooms, and power-washing windows is a breeze while accessing all windows from the ground floor. If easy maintenance is important to you, opting for a one-story home may be the best option.

Along with this train of thought, one-story homes are also easy to navigate. They’re a safe option for individuals who prefer not to use stairs – or for clumsy toddlers. They’re also easier to navigate in case of unanticipated emergencies, an important factor worth considering if you live in an earthquake zone or are raising a family.

One-Story Homes Are Expensive to Build and Don’t Offer Privacy

One-story homes will likely sprawl out a bit and, for this reason, require more materials for the foundation, roofing, and windows. Plumbing and HVAC lines must be longer to reach all parts of the house. More power is required to support bigger systems that run far throughout the house.

One common reason buyers shy away from one-story homes is that they offer less privacy. People are more likely to peer through ground-level windows, and parts of the home are more exposed to neighbors and passerby. If you prefer to be tucked away in a secluded space, a two-story home may be the better option – which brings us to our next point.

Two-Story Homes Provide Ample Privacy and Great Views

Perch above the neighborhood in a two-story home. With a second story, you get the perks of added privacy, a common selling point for many buyers. You can more easily separate yourself from the public – as well as your own family if you need. In-laws reside in guestrooms downstairs while you retreat to your master bedroom. Kids can also be tucked away in upstairs playrooms or bedrooms during dinner parties and important business or family meetings. Plus, owning a two-story home means you’ll probably get some pretty good views of the neighborhood or be surrounded by tall trees and foliage.

Two-Story Homes Are Safe and Elegant  

It may be obvious, but two-story homes are quite safe. It takes more effort for a thief to scale a wall and climb through a second-story window. If you happen to leave a window open upstairs, you're less likely to experience theft than if you left a downstairs window open. Safety, alongside privacy, may be something to consider when deciding between a one-story and two-story floorplan.

Two-story homes are also pretty and fun to look at. Not only will you enjoy the functionality and space the place has to offer, but you’ll get a kick out of living in a home that’s mature and prominently stands out in the neighborhood. You also have more options for design work when there’s more space to work with. If aesthetics are your thing, let a two-story house be your muse.

Two-Story Homes Are Accident-Prone and Difficult to Heat

Stairs, stairs, stairs. They can be dangerous for little ones to navigate and require parent supervision while toddlers attempt an ascent. Baby-proof gates may be necessary to keep children or pets from climbing up the stairs without an adult supervising their efforts. Stairs can also be difficult to adopt for disabilities, costing upward of $20,000 to make accessible.

Heating and cooling down rooms is another issue. Upstairs bedrooms, offices, and game rooms are often warmer because, well, hot air rises. When the upstairs is hot while downstairs rooms are cool, you’ll have to devise strategies for adjusting the temperature – and this can get quite costly.

Your Needs Matter

Your home is your sanctuary. When you return from work you want to retreat to a space that accommodates your lifestyle and the needs of your family. Consider the pros and cons of each option carefully before signing any papers. You’ll be glad you examined your options before making any moves. Having reviewed some logistical and personal factors, you’re ready to make an informed decision for yourself and your family.  

Monday, October 22, 2018

Use These Paint Colors When Selling Your Home


Keep in Mind that First Impressions Matter

First impressions go a long way in real estate, which is why sellers should properly prepare their homes before prospective buyers get a tour of the place. Buyers will first notice the outside of the home when entering the property. For this reason, it’s especially important to make sure the exterior looks well-kept and attractive.

Weather-beaten walls or signs of mold may turn a buyer off from even entering your home, so make sure outside walls are in tip-top shape. If you decide the outside of your home does, in fact, need a new coat of paint, we recommend using paint colors that complement other homes in the neighborhood as well as the trees and plants that surround your home. This way, your home won’t stick out like a sore thumb. Instead, it will subtly attract buyers with cleanly painted walls that look nice and neat.

White is an especially popular color, followed by brown, tan, and beige – all are neutral colors that safely decorate exterior walls. However, you will want to consider the structural design before deciding on a neutral paint color. Homes with unique architectural details wear brighter colors well and benefit from paint colors with brighter hues.

Aim for Warm, Inviting, and Relaxing

Keep in mind that you’re painting your home for future residents, and it’s smart to keep your personal touches to yourself. Opting for colors that are flat and muted won’t overwhelm buyers, and these colors are also quite relaxing.

Earth tones, like shades of brown, green, blue, orange, and red are naturally warm and inviting. They reflect colors in nature and have a soothing effect. They also complement many materials commonly found in households like wood, stone, metal, and glass. Darker earth tones like coffee work well in small spaces and on accent walls. 

More neutral colors are, perhaps, your safest bet. Creams and off-whites are perfect for large spaces, brightening up rooms and giving the interior of your home a light, airy feel. Buyers look for spaces that feel pleasant to be in, and painting living and dining rooms with these colors creates a welcoming space for all to enjoy.

Smaller spaces, however, benefit from paints with a little more punch to them. Bathrooms and cubby holes can be accented with fun, whimsical colors without being too obnoxious. Plus, it’s nice to show buyers there’s room for creativity and personality in the space they may soon call their home.

When in Doubt, Use Brown

If you’re stuck scratching your head because you find the right color, consider using brown. When used in its lightest shade, brown is warm and inviting. Medium-hued browns make rooms glow and look great with white mantle pieces and baseboards. Dark browns are especially cozy, slightly rustic, and keep rooms from feeling too big.

Paint Wisely

Now that you have a better idea of how to approach your painting project, you can begin! Remember that opting for neutral colors is best when painting interior and exterior walls. With these handy tips, your home is well on its way to looking polished – and it will feel especially inviting to buyers who notice its clean look. 
 

Wednesday, October 17, 2018

How You’ll Know It’s Time to Sell Your Home

Even when you don’t plan on staying in the same home forever, it can still be a tough decision to decide when it’s time to sell your home. It’s a big decision but is an exciting time when you are confident you are ready. Before making this leap, it’s important to analyze the factors that contribute to selling and buying a new home. Make the decision knowing it’s right for you and your family with these tips to know when it’s time.

Its Size Doesn’t Suit You

One of the most common reasons to sell a home is because you’ve outgrown it, or its outgrown you. Life moves fast and with it comes changes, sometimes warranting a need for a new house on the horizon. Whether you are in a house you bought before having children and now feel crammed in its corners, or, you are a new empty-nester with more house than you need, these might be signs it’s time to consider selling. Ideally, your house’s increased value and financial situation will ease the transition in your ability to look for a house with a size that suits you. The longer you live in the uncomfortable conditions of a house that no longer fits your needs, the more stressful it often becomes. It’s ideal to make note of what you are currently lacking in order to help fuel your search for a more suitable style that fits your needs.

The Market Will Make You Money

The most fitting and optimal time to sell your house is when it’s a seller’s market. The ability to afford the costs that come with buying, selling, and moving is a big contingent on how ready you really are. If you’ve been contemplating selling your home, your ability to make a profit on it can be a great reason to initiate the process. A good way to tell if the market trends are in your favor is to keep an eye on the timeline that properties in your area are on the market for. If the time is decreasing, meaning houses are selling fast, it’s a good sign that the market is in its prime. It’s also helpful to know the worth of the price per square footage in your area. When the price per square foot increase, it’s the best time to make money on every inch you own. Slowly start analyzing the selling rate in the areas around you. If houses are selling quicker and at a higher price than you’d expect, it’s an indication the timing might help you get the most bang for your buck.

The Neighborhood Doesn’t Fit Your Needs

What once was the perfect place to call home, might not be benefitting your current lifestyle. Maybe it’s a change of jobs and you’re tired of the lengthy commute you once didn’t have. It could be the need to be near better schools as your children’s ages require a new level of commitment to their education. Problematic neighbors or simply outgrowing the area may be an indication it’s time to start searching elsewhere. Whatever the reason may be, where and what you live close to is an important determinant on if it’s the right spot. Consider what you currently dislike about the neighborhood you are in to make sure your move is somewhere that is a better fit.

It is likely you consider selling your home when you enter a new stage of your life. To know you are ready to sell it’s good to make sure the benefits of your new home outweigh the process of selling it to ensure you are happy with your decision. Sell when the market price is right and you’ll be thankful for the extra expenses you saved.

Monday, October 15, 2018

How to Make a Small Bathroom Appear Bigger

Your bathroom is a room in the house that not everyone notices, until its needed. However, its uses are imperative, making it a space that needs to be functional. Don’t let a small bathroom space cramp your style and needs. By choosing the right paint, accessories, fixtures, and cabinetry you can make even your small bathroom the spa you’ve always dreamed of. Maximize the space you have by these tips to trick the room into feeling bigger.

Brighten Your Bathroom

In any room that feels small, an easy way to brighten it up is to add as much light as possible. In a bathroom, try to use as much natural light obtainable. If there’s a window, keep the shades open and use sheer window curtains to maximize the natural light. The organic sunlight automatically brightens up the room, making it shine brighter and look happier.

You can also brighten up your bathroom by picking the right color paint. Stick to light color tones on the walls and accents. Light colors reflect the light instead of soaking it in. If you can, stick to white for your bathroom as its chic, clean, and classy. Most bathrooms already contain large amounts of white, such as tubs, toilets, and sinks, making this an easy color to stick to.  Don’t think neutral color tones means it has to be boring. Use different textures, tiles, molding, and metallics to add a pop of intrigue, while still using the light to liven up the room.

Reflect the Room

Especially in the bathroom, mirrors are your best friend. Not only are the useful for freshening up your look, but also reflect the room. Mirrors are a great way to give the illusion the room is bigger than it is. Mirrors, in combination with neutral color tones brilliantly makes a small space feel like a sunny getaway. Additionally, adding more mirrors is a great way to have a space that feels functional for you and your guest’s restroom needs. Put your lipstick on in confidence in a bright, big mirror that dazzles the room and your fresh look.

Savvy Storage Space

A helpful rule for decluttering a small space is getting rid of any items you don’t use daily. Only the essentials should be kept in the bathroom to amplify available counter and storage space. In a small bathroom, less is more. Try using a smaller vanity or pedestal sink to exaggerate the open space, instead of filling it with bulky furniture. Keep storage and shelving simple, as anything that sticks out will chop up the look of the room. Even add a medicine cabinet to keep your personal products hidden and the walls looking neat. Keep the clutter to a minimum and use space-saving storage to increase available space.

Your bathroom is a room that most people will likely end up in at some point. Make the most of a small bathroom by using color choices and lightning to your advantage. Create a space that feels comfortable for you and your guests, rather than cramped. Remember to keep only the things you need in a small room. Use mirrors, light, and organization to turn your small bathroom into a big space suitable for your needs.

Thursday, October 11, 2018

Get Your Home Ready for Halloween

It’s that time of year again – pumpkins line the streets and spooky ghouls hang in dimly lit windows. The crisp fall air and scary decorations remind us Halloween is just around the corner. One of the most festive holidays, Halloween is the opportune time to transform your house into a spooky place where only the bravest trick-or-treaters enter.

 

If Halloween’s one of your favorite holidays too, amuse yourself with these fun, affordable, and highly spooky decorations – if you dare!

 

Disguise Your Drinks

Some of the best hosts serve drinks made from carefully concocted potions (we may have let our imagination run wild here). But seriously, dressing up your drinks is a great way to amuse all the witches, ghosts, and cats who attend your annual monster mash. Simply attach Halloween-themed labels to all handles and bottles. Maybe they say ‘toxic’ or ‘drink at your own risk’. This simple trick goes a long way. Purchase labels online, in a party store, or make them yourself!

 

We’re not done with the drinks just yet. Place spider web coasters under glasses to add some creepiness to your bar. They can also be placed on coffee tables or at your buffet. Put skull-themed swivel sticks underneath cocktails for a nice little deathly touch. With these tricks, guests will surely be amused beyond belief – and maybe even a little spooked!

 

Take Advantage of the Creatures

Halloween is a time when spiders, rats, crows, ghosts, witches, and all their creepy friends come out to party! Why not join them and shop for nocturnal animals and rodents to turn your home into a haunted house? 

 

Hang glow in the dark spider webs up in corners and around doorways to automatically add spook appeal. They’re visible in the day and extra spooky at night when they glow behind spiders of all sizes. Consider placing black crows in and around glowing webs. As they perch from up high, they stare down at guests who realize they’re being watched by black-feathered creatures – how spooky!

 

And let’s not forget about the rats. These big hairy creatures can be hidden in cupboards, bathrooms, or buffet tables, scaring guests as they pop out from unassuming places. While other make-believe creatures are scary enough, animals like these possess a creepy realism perfect for spooking guests. Plus, these creatures can be purchased online or at party stores for less than $5.

 

Tap into Your Dark Side

Halloween parties generally happen in the evening and continue into the dead of night. This is not a time for sunshine and flowers. Oh, no. Guests want to be spooked, and dimming lights helps create a spooky ambiance for all party creatures to enjoy. Invest in black light bulbs, skeleton pillow covers, and cauldron punch bowls.

 

Don’t be afraid to unleash your dark side. After all, this is the one day of the year when it’s acceptable to release your inner witch or ghoul. Apply the same logic to your home. It’s time to spook things up with decorations that inspire imagination and suspense. Your house will be remembered, in part, for its spooky appeal by family, friends, and neighbors alike. 

Monday, October 8, 2018

Selling Your Home in the Fall


Fall is a prime time to put your house on the market. Summer is through, and so are the beach vacations and family travels. Kids are back in school, and the business of holidays hasn’t yet occupied your mind. With a bit of breathing room, Autumn is the perfect time to put your house on the market.  For some helpful tips on preparing your house for a sale, consider these handy fall-time pointers. Here’s what we recommend.

Go Beyond Spring Cleaning

Sure, spring’s a great time to get things in order. But so is fall – especially if prospective buyers will be touring the home. Now’s the time to get your house in tip-top shape. Start by cleaning up the yard to give a tidy look to the place. If leaves are scattered across the lawn, break out the rake and do some serious cleaning here.

Trim back overgrown plants and vegetation, and make sure tree limbs aren’t climbing over windows and blocking light. By getting rid of dead flowers and foliage your home will look well-kept and appealing to buyers.

Cleaning the inside of your home is equally important, so make sure to rid of clutter and clean all floors, countertops, and bathrooms. It’s especially important to clean and showcase your fireplace during this cozy season. Sweep and clean away old cobwebs and turn on gas fireplaces or light candles in its interior to create a warm and welcoming feel. In some states, it’s illegal to burn wood certain days of the week, so make sure you abide by local fireplace rules when using it as a focal point of attention.

Next, take a good look at your windows. Can you see your reflection? Or is dust and grime fogging them up? If the latter is true, you’re going to need to do a good scrub down and make all windows nice and shiny. You’d be surprised how much of a difference having clean windows makes when trying to see your home. The will look new and well taken care of, which is appealing to buyers. 

Make the Most of Fall Decorations

Once things are clean, the fun part begins – decorating. Use Autumn colors and accents to add some seasonal cheer to living and dining room spaces. Quits and throws with orange, yellow, and red colors are a nice touch and make communal spaces warm and cozy. Autumn centerpieces made of pinecones, nuts, and orange candles look great on dining or coffee tables. Plus, you can easily make these decorations yourself! 

And let’s not forget about all the wonderful smells that accompany the fall season. Autumn scents like pumpkin spice, cinnamon, and apple pie evoke feelings of being with the family for the holidays. Baking a pie or adding a bowl of crisp, red apples to the table is a good way to remind buyers of the wonderful things that happen in the home during the fall season. And they can nibble on these morsels while touring the place.

Lighten the Mood

This time of the year sees less light, so it’s a good idea to turn on all lights in the home before people stop by. Pull up the drapes and let as much light as possible flood into your space. There’s no room for shadows at house showings, and all lamps and warm lighting should be used. Lastly, lighten the mood with some relaxing music. There’s an art to showing a home and turning up the tunes (as long as they're appropriate) is always a good idea.

The fall is a great time to put a house on the market, and with these tips and tricks, you’ll sell your home in no time. Just remember to create a bit of festive fun by using all the season has to offer.

Wednesday, October 3, 2018

Festive Fall Décor

The fall season brings people together. It means cooler weather, warmer hugs, and heartier food. Fall speaks a sense of togetherness, as the holidays ooze into the season bringing family gatherings and autumn activities. The kitchen is full of pies and cider and the air smells of the crisp winter around the corner. It is a time of celebrating the magic of being together while recalling all there is to be thankful for. Make your home a welcoming space for the family from their first step inside. Decorate festively for fall and welcome the ones you love with your unforgettable autumn décor.

Welcome Guests with Warmth

Your front porch puts off the first impression of your house. Especially during the holiday season, it’s essential to have a welcoming entryway to greet guests. Use fall’s warm colors as your guide and adorn doors and décor with an earthly color tone. Filling your porch with pumpkins, gourds, and wreaths is a great gateway inside to the festivities. Fill your planter pots with orange mums, using Halloween’s favorite color for flowers is a fall must. Corn stalks and hay bales give your porch a rustic, southern elegance. Have your house looking cozy and ready for the fall festivities by decorating your porch properly.

Pumpkin Placement

Nothing announces autumn like a trip to the pumpkin patch with family and friends. Turn this fun fall tradition into an inexpensive décor. Pick various size pumpkins for different uses. Line your mantel with pumpkins and fall greenery. Help guests find their seat at the party by using little small pumpkins as a place card. Simply write their name in the center of the pumpkin and place it on each plate. Even use pumpkins as a serving tray. Top your pumpkins with a platter to add color, height, and a fall feel to your buffet. Skip the hassle of carving and paint or decorate pumpkins in bows and ribbons to make them stand out. Get your house ready for the party by placing pumpkins in the entryway and living room.

Create a Classic Centerpiece

Gathering around the dinner table with loved ones is what makes this season extra special.  Set your table for success by having an eye-catching centerpiece. There are endless ways to incorporate the fall season into your table style. A cornucopia symbolizes plentiful abundance. Fill it with fall favorites to have your table overflowing with color while reminding everyone the bountiful blessings fall brings us. Illuminate the table with candles that have an autumn twist to them. Carve out the center of apples or pumpkins and use the center as your candle holder. Their scent gives a perfect autumn aroma, while their glow adds the perfect ambiance.

Use seasonal décor to give your home a warm fall feel. Greet guests in style by decorating the porch and entryway. Use the fruits of fall to decorate your home, such as pumpkins, apples, hay, and mums. Reminisce on what you are thankful for around a table elegantly decorated with autumn essentials included in your centerpiece. Enjoy tasty traditions and cozy company in your house decorated with festive fall décor.

 

Monday, October 1, 2018

First-Time Home Buyers: What to Look Out For

Buying your first house is an exciting and dramatic life change. The thrilling independence of being a homeowner makes the house and neighborhood seem that much more perfect. However, the price might be something you sacrificed in fulfilling your dreams of buying the perfect house. Follow this guide to find out the best way to avoid overpaying and the unexpected fees that come with being a first-time home buyer.

 

More Than Just Mortgage

When you feel financially responsible enough to purchase a house, you have a good idea of what you can afford for your monthly mortgage. This price has probably affected your home search and helped lead you to a place within your budget. However, when buying a first home there’re many extra costs besides just being able to afford the mortgage.

Some of the most common fees associated with buying a home for the first time might seem disclosed as most are part of the home buying process. Closing costs, homeowner’s insurance, and appraisal fees are the most common. However, plan and expect the unexpected. Don’t spend your whole life savings on the down payment, as you’ll most likely need extra funds for unexpected expenses that are sure to arise.

 

Extra Expenses

You’ll want to plan for extra expenses to help to make your transition to a homeowner as smooth as possible. Be sure to hire a home inspector beforehand to make sure your house is in as good as condition as it appears from the outside. Home inspectors obviously cost extra money too, but it’s worth it to know that your house will survive the winter weather beforehand.  They will help you look at the structural quality of the house, electrical wiring, the foundation and other key elements you’ll want to know before moving in. 

Expect bigger costs for utilities such as electric, water, and gas. What you had budgeted for utilities when renting a place is usually considerably less than what they will be when owning the whole home. Other costs that come with being a first-time home buyer are property insurance, property taxes, association or neighborhood dues, and maintenance costs. The upkeep of owning the whole house and the repairs that come with it is a lot costlier than the life of a renter. You can’t call the landlord when the toilet breaks or there’s a leak, you must hire and pay for repairs yourself. This can be costly, especially if buying an older house in need of improvements. Consider this before buying so you aren’t in too deep when you don’t have enough to pay the electrician.

When buying a home for the first time, don’t be blinded by happiness and forget to plan for extra costs and expenses. Don’t blow through all of your savings on only the down payment. While the down payment will likely take a large chunk of your cash, make sure you have extra savings set aside to cover the costs associated with buying a home. Plan ahead to make sure you have enough for your mortgage, the increased cost of utilities and other homeowner expenses. Talk to the experts, and find a realtor you can trust to make sure you’re paying the right price. Ask questions, save extra, and expect the unexpected when purchasing your first home. The more you have saved up, the easier the transition and move to being an independent homeowner will be. 

 

« Older Entries | Newer Entries »


Loading Property Compare
Perfect Fit Buyer Registration
Request a Home Evaluation

Mobile Search

Use any internet enabled phone to search every home for sale in our area! More

Homes Like Mine

Find the approximate value of your home by comparing your home’s criteria to homes that are currently for sale.

COMPARE NOW

FREE
Home Updates

SIGN UP

This Week

Open Houses 1018 New Listings 1368 Bank Owned 729

These Listings Updated Daily

Boston Real Estate by City

Berkshire Hathaway HomeServices Commonwealth Real Estate | 12 Huron Drive, Natick, MA 01760 | Phone: (508) 810-0700

© 2019 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC.
Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.
Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.

Terms of Use/Privacy Policy | Agents Only | Library
Built and powered by Constellation Web Solutions