Anne Hensel's Blog
Purchasing a home is a sign of new financial responsibility for many people. The leap into homeownership is a big and important step. Finding a home and securing a mortgage isn’t easy. Getting ready to take on a mortgage can require a lot of research and education on your part. Before you get too confused, you’ll need to learn the basics of a mortgage and what you should know before you apply.
This is probably the best advice for any first time homebuyer. Find some good lenders in your area. You can sit down with a lender and talk about your goals. The bank will be able to explain all of the costs and fees associated with buying a home ahead of time. This way, you’ll know exactly what to expect when you head into a purchase contract without any surprises.
What’s Involved In A Loan?
Each mortgage is a different situation. This is why meeting with a lender ahead of time is a good idea. Your real estate agent can suggest a mortgage lender if you don’t have one in mind. No one will be happier for you than your real estate agent if you have a smooth real estate transaction. You’ll be able to walk through the mortgage process step by step with a loan officer and understand the specifics of your own scenario.
What You’ll Need For A Mortgage
There’s a few things that you’ll need to have ready before you can even begin searching for a home.
Cash For A Down Payment
You’ll need to save up a bit of cash before you know that you’re ready to buy a home. It’s recommended that you have at least 20 percent of the purchase price of a home to put down towards your loan initially.
A Good Working Knowledge Of Personal Finances
You should have an understanding of your own finances in order to buy a home. Not only will this help you save, but it will help you to ensure that you’re not going to overextend yourself financially after you secure the mortgage. To get your finances in order, honestly record all of your monthly expenses and spending habits, so you know exactly what you can afford.
The Price Range Of Homes You’re Interested In
If you have an idea of what kind of home you’d like, it will make your entire house shopping experience a lot easier. You’ll be able to see exactly what you can afford and how much you need to save. When your wish list equates to half-million dollar homes, and you find that you can only afford around $300,000, you don’t need to go into shock! It’s good to have an idea of how much house you can afford and what it will get you. When you do a little homework, you’ll discover that buying a home isn’t such a hard process when you’re prepared!
Let's face it – your home's exterior needs a serious makeover. Lucky for you, there are many quick, easy ways to transform your home's exterior before you add your residence to the real estate market.
Here are three tips to help home sellers revamp their home's exterior.
1. Choose the Right Color.
Painting your home's exterior serves as a fast, affordable way to enhance your house's curb appeal. However, you'll want to determine the right paint color before you embark on an exterior renovation project. By doing so, you can find a color that is both attractive and practical.
Your home's exterior should help your residence stand out for all the right reasons. Thus, you should try to find a color that complements your home's style. This will enable you to select a color that will draw homebuyers' interest immediately.
For example, using neon pink paint for the exterior of a mid-century modern ranch house may prove to be too dramatic. On the other hand, selecting warm or cool hues may boost your home's visual appeal and improve your chances of generating interest from a wide range of homebuyers.
2. Consider the Benefits of Using Multiple Paint Shades.
Your home's exterior will consist of three color components: the field color, accent color and trim color. Together, these colors can help you transform your ordinary residence into a stunning one, especially if you understand how to use multiple paint shades in conjunction with one another.
Selecting multiple shades from the same color palette may give your home a streamlined look and feel. Or, if you want to go bold with your home's exterior, you can always select vibrant colors for your home's trim or accent color.
Be careful not to choose contrasting shades as you evaluate your home exterior options. If you select colors that fail to complement one another, your home's exterior may become an eyesore. And in this scenario, your home's exterior could do more harm than good as you try to garner attention from homebuyers.
3. Select the Right Kind of Paint.
When it comes to painting your home's exterior, you'll need to choose between oil and latex varieties. Both oil and latex paints offer various advantages and disadvantages, so you'll want to conduct an in-depth evaluation of each type of paint to make the right selection for your home's exterior.
Oil paint typically provides exceptional durability and stain resistance, making it a great long-term option. Comparatively, latex paint usually dries faster than its oil counterpart and is easy to clean up with soap and water. If you devote the necessary time and resources to compare and contrast both types of paint, you're sure to make a great choice for your home's exterior.
Painting your home's exterior can be difficult, particularly for those who have never completed this task in the past. Therefore, if you ever have concerns or questions about painting your home's exterior, be sure to consult with a professional painter.
Spend some time revamping your home's exterior, and you can improve your chances of a quick home sale.