- 1st Floor Bedroom with a full bath.
- Extra rooms to allow for get aways (formal rooms that are not in same location as family room or loft areas).
- Extra garage space (3 or more)
- Larger kitchen sizes
- More than ONE AC thermostat controller in the house.
BRAGGING RIGHTS~~Holding Out For the BEST Mortgage Interest Rate
When I have a get together with family and friends and the topic of home buying comes around, it never fails that mortgage interest rates comes into the conversation. There’s always one person who has an interest rate that BEATS everyone else’s at the table.
Interestingly, no one actually asks what the difference is in the actual monthly mortgage payment based on their AMAZING Interest rate number. While we marvel at some of the rates that are put out there; the actual difference in monthly mortgage payment is what should be the tell all of whether you look at buying a home today or gamble on a better set of circumstances in the future.
Take for example this scenario. You want to buy a home and find that in your desired area and desired size home, the average Sales price is about $300,000.00. You start your search and talk to a Lender. They tell you the current interest rate that’s out there and it’s 4 % for a 30 year loan. You can qualify for an FHA loan at 3.5% down payment. Quick calculation says that your monthly principal and interest will be about $1382 per month.Read more link text
Some of my own friends are living under one roof with their recent college graduate children who are unable to find a job that allows them to live independently. Whether it’s the cost of living on your own or the silent expense such as health care and college loan debt, the fact is that we are seeing record numbers of adult children living with their parent unlike before.
Families with aging parents look to move their parents in to provide care in their later years. The ability to accommodate additional occupants coupled with features that can or do address their physical restrictions are important elements to consider.
Lastly, some Buyers purchase these homes simply because they want to own more but the affordability is out of their range so they choose to share the financial burden with a family member(s).
If you’re looking for a home that contains features combing separate privacy areas with space to allow the different generations to come together, then the best way to start is to setup a list of privacy features you need. Some of the ones that my clients ask for are:
These are just a few examples. But for most of my clients, it’s about space to live together but not be in each other’s way. If we can’t find the house with exactly what they want, we look for something that has the potential for the least amount of remodel to accommodate.
Multigenerational living is wonderful if you Make the Right Move! Call me if you’re moving towards needing one of these homes or have outgrown your own multigenerational home and looking for that perfect Buyer!
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Selling the home you’re living in can be a challenge. Like you, my schedule allows me very little time to breath. It’s hard enough to keep track of where I need to be next and making sure the house is devoid of things laying around rooms, counters or sinks. And don’t get me started on having all the beds made pretty---I’ll admit that doesn’t happen as often as I like.
So here’s the first rule about selling your home—You are selling to a Buyer. Are you saying right now—“No kidding?”. Believe it or not, that simple rule seems to be forgotten in many of the homes I show to my Buyers. Making your home competitive, attractive and unparalled in a Buyer's mind should start with understanding how a Buyer works..Read more link text
I bet you didn’t know that a Buyer can fall in love with a listing in the first 7 seconds of seeing the home. Buyers can have the opposite reaction just as quickly. I’ve had Buyers actually tell me as soon as we ride up to the home that they don’t want to see it. I've had Buyers excitedly want to see a home that was their on their dream home list-- only to become less than enthusiastic as I'm opening the door. Why?Read more link text