Matthew Walsh's Blog
Ready to purchase a condo? No worries, as there are many terrific condos available in cities and towns nationwide.
As a condo buyer, you'll want to do everything possible to ensure you can buy a top-notch property quickly and effortlessly. Lucky for you, we're here to help you streamline the process of acquiring your dream condo.
Now, let's take a look at three tips to help you simplify the condo buying process.
1. Know What You Want Out of the Perfect Condo
Are you looking for a condo in a small town or a big city? Do you want a condo that features a community swimming pool, tennis courts and other deluxe amenities? And how close is a condo to your workplace? These are just some of the questions that you'll want to consider before you kick off your condo search.
An informed condo buyer will know exactly what to look for in the perfect condo. As a result, this condo buyer may be better equipped than others to accelerate his or her property search.
2. Understand Your Price Range
You know that you want to buy a first-rate condo, but what can you afford? With a condo buying budget in hand, you'll be able to estimate your monthly property expenses and plan accordingly.
Getting pre-approved for a mortgage may prove to be a great idea. If you meet with several banks and credit unions, you'll be able to learn about all of the mortgage options at your disposal. Then, you can select a mortgage that will enable you to establish a price range for your condo search.
In addition, don't forget to consider any homeowners' association (HOA) fees before you choose a condo. HOA fees cover property maintenance costs and will vary depending on the condo community. Therefore, if you fail to account for these fees before you purchase a condo, they may cause you to exceed your monthly budget.
3. Work with a Real Estate Agent
Take the risk out of finding a condo that meets or exceeds your expectations by working with a real estate agent – you'll be glad you did.
A real estate agent with condo experience understands what it takes to speed up the search for the perfect property. This real estate professional will go above and beyond the call of duty to help you find a property that you can enjoy for years to come.
Typically, a real estate agent will set up condo showings and keep you up to date about open houses. He or she also will help you submit offers on condos and negotiate with condo sellers on your behalf, ensuring you can manage any challenges during the condo buying process.
A real estate agent will even respond to any condo buying concerns and queries. That way, you can receive expert guidance as you navigate the process of going from condo buyer to condo owner.
Use the aforementioned condo buying tips, and you should have no trouble securing an amazing condo in the near future.
When choosing grass for cool-season zones, check out these types for the best results in your yard.
Bentgrass — Commonly used in cold weather areas Bentgrass grows easily creeping over every area of your lawn. Liked for its quick growth and ability to withstand high traffic areas, this grass is typically used for golf courses and has become a variety of choice for homeowners as well. Bentgrass likes full sun and is not very tolerant to shade. Soil that drains well and frequent watering will keep this grass beautiful. Plant in late summer or early fall for best results.
Kentucky Bluegrass — Bluegrass comes in a few different varieties and is found all over North America. Most common is Kentucky Bluegrass. Kentucky Bluegrass does not grow quickly, but it doesn't die out quickly either. You might, however, see some patchy areas in your lawn as this grass does recede from insect damage. It can handle high traffic and is best maintained with full sun and regular watering. This grass can be planted in fall or spring and should receive high amounts of fertilizer.
Perennial Ryegrass — Perennial Ryegrass is a fantastic option for high traffic areas in cooler climates. It is incredibly tolerant of pests, disease, and stressors. Ryegrass can handle some shade and only requires moderate maintenance and grows best in cool-season climates because it does not handle drought-like conditions at all. This variety can grow on its own or combined with other species. It is common to see Ryegrass planted with Kentucky Bluegrass. Plant in early spring or early fall, with well-draining soil and water regularly.
Fescue — Fescue varieties do well in cool-season climates but are also very tolerant of drought conditions and heat. This grass is an ideal choice for homes in the transition zone. Fescue likes the sun but can grow well in high shade areas as well, and it doesn't need much fertilizer—just regular watering. Though this grass grows well in many climates, it is not a very tough grass and cannot handle a lot of traffic. Most often Fescue is planted with a mix of other hearty grasses to bolster its ability to handle more usage. Plant fine Fescue in fall or spring, but plant Tall Fescue in early spring, just after winter.
It's time to take what you've learned about the climate you live in and the grass varieties available to you and determine which grass to install. Part four of this series reviews what you should take into consideration your lifestyle and property before purchasing new sod.
Especially if you’re starting in a room from scratch, it can be hard to figure out where you should place everything in a room. Your bedroom can be one of the most challenging rooms of the house to decorate. If you break down the room into small pieces, you can create a bedroom that’s right for you. Bedrooms need to hold more than just a bed. In today’s world, a bedroom can become a very multipurpose room.
Think Of The Components Of The Room
Bedrooms tend to be more of a multi-functional in a home due to the shifting nature of families. You do everything in there from sleep to watch television to get dressed in the mornings and evenings. This means that you’ll need some or all of the following in your bedroom:
- Storage for clothing
- A comfy bed
- A media Center
- A chair
- Home office supplies
- Television stand
Whatever purpose that your bedroom has to serve is what you’ll need in the room. This all depends upon the size of your home. You’ll have to arrange the room accordingly after these parameters are set. Your bedroom should feel personal; a place of self expression and comfort. Your bedroom is the place where you can display little pieces of your life. These should include personal photos, antiques, and all of your favorite things. This helps to make your bedroom your own. It will become a peaceful sanctuary that you love.
Focus On Function
If your bedroom is well-lit and well arranged, the room undoubtedly will be more comfortable. The easier it is for you to find things and use the room the way it needs to be, the more comfortable you’ll be. While your bedroom should look nice, it’s yours to use. Your bedroom is the room of the house that should provide the most comfort for you.
When it comes to the way that you arrange your bedroom, you can get as creative as you want. If you’re short on space, don’t hesitate to push the bed against a window. If you’re tired of the same old same in the bedroom, shuffle the furniture around. If you ensure that you have adequate lighting and seating in the room, you can do anything with it!
Don’t Multipurpose The Room If You Don’t Have To
Although it’s nice to have access to everything in one room, bedrooms work best when they are singularly purposed. You’ll sleep better and get more rest if you keep things like computers and televisions out of the bedroom. You can easily arrange a bedroom when you keep your own desires at the heart of the design.
So, you want to buy a property and offset it with rental income, but a multi-family or apartment complex is a bit too rich for your bank account? No problem! Most of the steady increase in new renters comes from young millennials, and you can cash in on this increase as well by buying just a slightly larger property. Renting out rooms to students, or the other half of a duplex is a great way to supplement your income or offset that larger house purchase you don't completely fill yet.
Some layouts are better for segregating (for privacy) and renting out than others. Look for homes with secondary entrances, guest houses, separate parking, and multiple bathrooms or a finished basement with its own bathroom to ask for the highest rents. Your agent can help you find these properties; they are experts in the needs of potential landlords.
Owning and Renting a Duplex
Duplexes have some significant income advantages, especially for new investors. If you're planning to live in one of the units for at least a year, you'll qualify for FHA loans that can cover over 90 percent of the property value. Additionally, you can rent out the other side to offset your payments. That lets you be both a homeowner and a landlord at the same time, whereas if you were to purchase a single-family home with an FHA loan, you would still have to live in it for a year before renting it out, cutting down on your potential income. The downside of living in and renting out your duplex is proximity. You typically share a wall with your tenants, which means very little is hidden from them, and you're always on call if they need something.
You can also rent out your duplex to your elderly parents or grown children, which allows you to be together while having separation and privacy.
Being a Landlord
No matter what size your rental property, from a single room to an apartment complex, you are responsible for the property. That means all maintenance, landscaping, upgrades, appliances, emergencies, and anything else that crops up is yours to take care of in a timely manner. Be sure to check your state and local laws for the specific landlord requirements and tenants’ rights in your area.
Next time you make that open house list, be sure to ask about properties good for sharing with a tenant. Your realtor can help!
A first-time homebuyer may believe that he or she can submit a "lowball" offer on a residence, even if a house has been available for many weeks or months. However, the risks associated with submitting a subpar proposal are significant, particularly for a homebuyer who wants to purchase a top-notch residence as soon as possible.
Ultimately, a lowball offer may result in an instant "No" from a home seller. Perhaps even worse, the proposal could sour potential negotiations between a homebuyer and home seller and cause a property buyer to miss out on an opportunity to acquire his or her dream residence.
When it comes to buying a house for the first time, there is no need to risk submitting a lowball offer.
Now, let's take a look at three tips to help a first-time homebuyer avoid the temptation to make a lowball proposal.
1. Evaluate a Wide Range of Houses
An informed first-time homebuyer may be better equipped than others to provide a competitive offer to purchase his or her ideal residence.
For example, a homebuyer who assesses a broad range of houses in a particular area can determine a price range for similar residences. Then, if this homebuyer would like to submit an offer on a house, he or she can use housing market data to submit a fair proposal without delay.
With housing market data, a homebuyer can determine whether he or she is operating in a buyer's or seller's market too. That way, this homebuyer can leverage housing market insights to quickly and effortlessly put together a competitive offer on any residence, at any time.
2. Understand Your Finances
Getting pre-approved for a mortgage usually is a great idea for a first-time homebuyer. With a mortgage in hand, this homebuyer will be able map out a homebuying journey based on his or her finances.
To receive pre-approval for a mortgage, a homebuyer will should meet with several banks and credit unions. These lenders can offer details about a variety of mortgage options and help a homebuyer make an informed mortgage decision.
After a homebuyer is pre-approved for a mortgage, he or she can submit an offer on a house and understand exactly how much money is available for a home purchase. As a result, this homebuyer can put his or her best foot forward with an initial offer, thereby reducing the risk of submitting a lowball proposal.
3. Collaborate with a Real Estate Agent
The homebuying journey can be long and complicated, especially for those who are pursuing a house for the first time. Fortunately, a first-time homebuyer can collaborate with a real estate agent to obtain deep housing market insights.
A real estate agent is happy to provide honest, unbiased home offer recommendations. By doing so, this housing market professional can help a first-time homebuyer submit the best offer on a residence – without exception.
Ready to purchase a home for the first time? Use the aforementioned tips, and a first-time homebuyer can avoid the danger of submitting a lowball offer on a residence.