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A Few Things to Know Before You Get A New Home


The process of building a brand new house is a very exciting and rewarding experience for many people. It can also be a very stressful time if you are not properly prepared to handle the demands such a project requires.

new home
new home

During the home building process, there will be many decisions that the homeowner will be expected to make and being aware of complications can help you make them correctly. Here are a few things that every homeowner should know before breaking ground on a new home.

Build on Suitable Land

With so many new houses popping up these days, many areas now have a shortage of decent land available. This may mean that some builders will try to get away with building a home on land that has what is called “expansive soil”. This term means that the ground is prone to expanding and flooding every time it rains.

As a result, the foundation and walls of your new home will crack and shift unless there are safeguards in place to keep this from happening. In order to prevent this from happening to your home, try to avoid buying land that has expansive soil.

If this is not possible, at least make sure that your builder uses the proper safeguards to protect your home from damage and make sure that you are covered in case anything happens in the future.

Get a Complete Estimate for Building Costs

It would be quite unfortunate for you to start building your house only to run out of money half-way through the project. Before building a home, you will need to determine how much money you have available for the project.

Once you select a builder, consult with them to figure out how much money it will take to completely build your home. To be on the safe side, you should also set aside some money to cover any emergencies or extra expenses that may pop up along the way.

Choose a Reputable Builder

There are lots of homebuilders out there, but not all of them have the same levels of experience or skill. You will need to do some research in order to find the best builder in your area. It may cost a little more, but choosing a reputable builder will result in a solidly built home that will stand the test of time.

Choose a builder with a good reputation and you will be sure to not have any unexpected problems in the building process.

Building your own home is an expensive and time-consuming experience. If you take the time to choose the right builder and remain involved every step of the way, you will end up with a beautiful new home that you and your family will love for many decades to come.

5 Tricks To Landing The House Of Your Dreams

You worked hard, saved money and now you are ready to buy the home of your dreams. Although the process may seem intimidating, there are some insider secrets that can make your home buying experience smooth and easy. Here are 5 tricks to landing the house of your dreams:

Know Your Credit Score

Your credit score will have a major impact on your ability to get a mortgage for the home that you want. Potential lenders will evaluate your creditworthiness by looking at things like your payment history, credit card utilization and debt to income ratio.

Giving yourself a credit checkup before applying for a loan can save time and improve your chances of getting the money that you want.

Calculate What You Can Afford

Another trick to buying the home of your dreams is to determine early on how much you can afford for a house. Sit down with your family and calculate a mortgage payment that will reasonably fit into your budget.

Remember to consider things like utilities and routine maintenance to the home. A major part of buying your dream home is making sure that you can afford to maintain it.

Shop Around

Before firmly deciding on a particular lender, take some time to shop around and make sure that they are the best fit for you. Too often homeowners settle on the first lender that they meet with. In some cases, they may not be getting the best possible interest rate or terms for their home loan.

Get an Agent

When shopping for your dream home, be sure to hire a real estate agent. These are highly trained professionals that know the ins and outs of the real estate industry in your area. Agents like the Ohio Real Estate Guys can help you find a home that has all of the features you want and is in an ideal neighborhood.

Not only that, but they can use their expertise to help you negotiate a price based on comparable sales in your area.

Negotiate everything

While it may be tempting to accept the terms that you are offered, always try to negotiate as much as possible. This goes not only for the interest rate of your mortgage but also for things like closing costs and the price of a home. Although you may not always be successful in these negotiations, doing so can potentially save you thousands of dollars.

Buying your dream home is a huge accomplishment. These 5 simple tricks can help you make sure that you get the home of your dreams at the best possible rate.

Five Technologies that You Should Look for in a New Home

With advances in technology, homeowners now can slide into a house and enjoy plenty of new amenities. Some of them allow you to control the temperature remotely while others allow you to live a safer and more secure life. With this in mind, before buying a place, you should look for these five technologies when looking at a new home.

Alarm

With an alarm, you can avoid serious issues while in the house. For example, with Fire Alarm Emergency Systems, you and your family can get out of the house before a disaster strikes.

Since most homes contain dozens of fire hazards, it is wise to have a proactive approach since so many accidents happen every year. Luckily, when keeping it in good shape, you will gain money back on the sale of the home with a fire emergency system installed.

Ethernet

Now, most people like to use wireless internet. Of course, while this is a fast way to get access to a network, it is not the most secure. With Ethernet cables, you can go online or share files with ease.

Not only will the pages load faster, but you also will not need to spend a lot of time securing the network. Remember, as more people stream movies and music, they will appreciate a house with Ethernet cables lined through the walls.

Remote temperature controls

With some thermostats, you can control the temperature with your smartphone. This is beneficial as you can turn the heater on while driving home. It will help you save a lot of money as you will not need to leave your heating unit on during the day.

Outdoor speakers

When living in a house with some land, a lot of people love to enjoy the outdoors. With nice speakers, you can listen to your favorite music or talk show. This is great when trying to host a party or have friends over who will enjoy the music.

Garage door keypad

A lot of people rely on their garage doors to open easily. When you lose the remote it is often an annoying and time-consuming task to open the garage. To combat this, some companies now offer outdoor keypads. With this, you can get in or out of the garage with ease.

With these five easy to follow tips, you can land the home of the future and enjoy all the amenities. Remember, with new technological innovations, it is easy to get more out of the living experience.

The Good and Bad Things About Home Owner Associations

Before you move into a subdivision, it is important to understand whether that subdivision is governed by a homeowners association. A homeowners association can make your life convenient or a living nightmare.

You should always do your research to determine the reputation of a homeowners association for a subdivision before making the decision to purchase a home or condo within it.

home owner associations

The Benefits of Homeowners Associations

The main advantages of homeowners associations are that they can add security to a neighborhood and provide amenities, landscaping, club activities and more. A homeowners association may use gate codes or security cameras to ensure that everyone in the subdivision is safe.

The homeowners association is also responsible for investing funds in amenities that can be enjoyed by all residents, such as a fitness center, pool, jacuzzi, spa, computer area, office, billiards room and more. They may set the schedule for activities for everyone in the community, such as yoga, knitting, reading, intramural sporting activities and more.

The Disadvantages of Homeowners Associations

The disadvantages of purchasing a home in a community with a homeowners association may be that the individuals involved are controlling, impose excessive fees or are difficult to deal with every day. Homeowners associations may be very particular about the habits of residents in the community.

They may have bylaws that prohibit certain vehicles in the community, parties or loud noise. What may seem like a reasonable get-together in one’s own home may be viewed as disruptive to a homeowners association. Some homeowners associations also forbid pets, children or even home decorations in the community.

Understand the Terms of an HOA Agreement

Before you purchase a home, you should carefully read through the terms of an HOA agreement. Also, make sure that you speak with neighbors to learn more about the enforcement of HOA provisions in the community. A homeowners association may be lax in enforcing its bylaws. Other homeowners associations may be very strict and impose fees for bylaw violations.

Be Prepared for HOA Fees and Additional Monthly Payments

Most importantly, you should be aware of the monthly HOA fees for your community. You should also understand whether the HOA fees are subject to change. Some people make the mistake of assuming that HOA fees are static and will never change in the future.

They may be unpleasantly surprised to see that HOA fees increase by hundreds of dollars every year. You can avoid this experience by doing your own research about the imposition of HOA fees.

If you’ve never lived in a community with an HOA, it can be tough to get used to. The easiest way to be prepared for the experience is to know full well what you are getting into before you commit.

Obviously, there are pros and cons for this type of system, but if you aren’t fully aware of what will be expected of you in this type of community, you’ll likely be frustrated later down the road. Do yourself a favor and do adequate research beforehand and ask all the right questions so that you know what you are getting into.

Information for this article was provided by the home professionals of henrywalkerhomes.com who specialize in home design, building, and home financing.

Warren Paine

Warren is the senior mortgage loan officer who has worked in mortgages and loan industry since 1995. He study in Harvard and major in Finance with a Bsc. Honor Degree. He possesses a Paralegal Certificate as well.

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