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Buying a new house is an exciting process that marks a new chapter in life. For many people, it's fun to shop around and tour different properties. When you're serious about purchasing a home, there are a few important parts of the property to check before you move in.
The Neighborhood
You should feel comfortable with the quality of the neighborhood, which will influence the value of your home. Look at the condition of the other homes and check to see if people are loitering at different times of the day. The house should also be in proximity to your job, or nearby schools if you have children. Some individuals who don't have a family may want to purchase a home in a good school district due to the impact that it'll h...
Buying a home for the first time can be complex and daunting, especially in a competitive housing market. A new book, "My First Home: A Step-by-Step Guide to Achieving the Ultimate American Dream," aims to help first-time buyers navigate the process.
Below are five tips from author Shashank Shekhar, a blogger, media source and radio and television personality:
There is something awesome about buying a fixer upper and doing the renovations yourself. Some people fix them up a bit at a time, using cash as they have it available. If you want to make a big impact by doing small things, here are 10 things you need to include.
1. Change Out the Lighting
Nothing says outdated like an old-fashioned gold chandelier. Lighting is something that can be updated easily and won't cost a bunch of money. It is one of the smallest things you can do that will have the biggest impact.
2. Paint
There is an old saying: "If a barn needs to be painted, slap some paint on it." You will be amazed at what some paint can do to your home. A new hue can cover imperfections and give the room the blast of color it needs. Forget drab, white walls that are...
With a winter storm approaching our region late tonight into tomorrow -- a Blizzard Warning is in effect from late Monday night through late Tuesday night, with heaviest snow expected Tuesday morning/afternoon. Accumulations of 2-4" per hour are likely with total accumulation expected to be from 12-18." Wind speeds will be 20-30 mph with gusts of 35-50 mph. During the storm, it is expected that travel will be almost impossible (and not recommended) and it's likely most businesses and schools will be closed.
Rising mortgage rates will have the most impact on the housing market in 2017, according to expert opinions recently assessed in Zillow's Home Price Expectations Survey, followed by limited housing supply and shifting demographics.
Rising rates, markedly, affect both sides of the transaction—as rates increase, homebuyers are further extended, while sellers hold off on listing to avoid a higher-priced mortgage. The experts surveyed expect the most significant changes to come when rates reach 5.5 percent. According to Freddie Mac, rates currently are in the neighborhood of 4 percent.
"Rising mortgage rates, inventory shortages and demographic shifts will be the main drivers of the U.S. housing economy this year, especially for first-time buyers who...
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