WHEN CAN I SAY IF IT IS THE PERFECT HOUSE FOR ME?

Investing in life is a necessity nowadays. You can invest in cars, businesses, or a new house. Buying a house can be the biggest investment in your life that’s why small mistakes can cost you expenses. You must be able to determine your goals or objectives in buying a house. Are you fed up on renting a house or do you really just want to buy a new home? Buying a house can be a sign of independence for young adults. This gives them the sense of ownership over a large item or the sense of being a landlord. Here are some tips to optimize your purchase.

1.    What is your taste? In buying a house, you must know what best suits you—a family home, apartment, condo unit, etc. Each type of housing has its advantages and disadvantages based on your objectives and goals. Consultants are available to guide you determine the perfect housing type for you. By determining the housing type, you can save up on unnecessary expenses especially on upgrades and additional fixtures when you’re not satisfied with your housing type.

2.    What are the specifications? Based on your goals, you must determine your need and wants in a house. Before buying a house, you must have the list of your specified furniture, equipment, and appliances that you want to see in your home. You may also specify your desired neighbourhood, room layout, and building features like fire exits.

3.    What is your budget? You must have a fixed budget in buying a house. By having a financial cap, you will be able to limit unnecessary expenses. Your budget must also serve your goals and objectives in buying a house. Next, you have to determine the source of your budget. You may have your own savings or you can go to bank for loans. Loans are based on your capacity to pay. In determining your budget, you will be able to know how much down payment you can afford and how much monthly payment you can provide for your loan.  

4.  Have an inspection. You already have your goals, specific housing type, specific appliances and furniture, and your budget in buying a house. Now, you have to inspect your chosen house. You may do it by yourself but it is highly recommended to hire experts to do this. It is done to check the quality, safety, and overall properties of the new home. Through inspection, you are assured that you are having the right and perfect purchase.

These are just some of the tips in buying a new house. It is always important to set your goals and stick to them. It is also important to consider your needs and wants inside a home. Budget or finance is also an important factor. Lastly, you will always have the final judgment. You can only be the best judge for a perfect purchase.

Tam Bay Realty LLC

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com

Do You Have Enough in Buying a House?

For many people, buying a house brings a sense of pride and freedom that cannot be matched by renting. When buying a house, you become free from a landlord’s rules, and your monthly payments are actually building equity. Although buying a house may be the first step you take toward building long-term wealth, it is important to understand the pros and cons of home ownership before taking the plunge.

Here is a sneak peek on what it takes to buy a house.  Are you ready?

1. Ability to settle in a community. Once you commit to buying a house, you are more likely to become more involved in your community because you know you’ll be there for years. You can get to know your neighbors, perhaps join a homeowners’ association, or volunteer for projects that benefit the community or the local school.

2. Build equity. When you pay rent, you don't own anything. In buying a house, you increase your degree of ownership in your home with every payment. Also, you can borrow against your ownership (or equity) in the home to pay for major purchases and you can refinance your home at favorable rates to help fund major purchases.

3. Paying your own maintenance. When buying a house, make sure to remember that you must spend time and money keeping your home in good repair. You need to set aside funds for unexpected expenses, such as appliances that break, a service contract on your furnace, or the need to replace your windows.

4. Search for neighborhood information. If you already live in the community, you may be able to skip this step, but it’s always worthwhile to search local newspaper websites, local government sites, community sites and blogs to find out what’s happening in terms of upcoming development or other issues before buying a house.

5. Foresee home repairs. Home inspections are essential to buying a house and they most often work in the buyer's favor. Dangerous conditions found in a structure and even flaws can be repaired at the cost of the seller before the buyer takes over the property.

6. Insurances and taxes. Banks require you get insurance on your actual mortgage, as well. Private mortgage insurance (PMI)is necessary if you don't put down at least a 20 percent or more down payment to make sure you are good on your obligations.

Buying a house is a major decision that shouldn’t be taken lightly. But when faced with rising rent and low mortgage interest rates that make purchasing more affordable, you should take the time to consider the pros and cons of buying a house.

Tam Bay Realty LLC

1408N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com

Buying and Selling a House

Are you changing your address? Or planning to sell your house and buy a new one? This is a decision you have to think a hundred times over.  Moving out of the house you are used to can’t be as easy as you think, and moving in to a new one is not easy either.

There are lots of things that you need to ponder when selling and buying a house. When you put your property in the market, you should be honest to your real estate agent. He is going to look for a new owner so he must know each part of the house especially those parts that need some repairs.

In buying a house, on the other hand, you should know if the new house suits you or your family’s need in order for you to be able to live comfortably.  Some factors to consider when buying a house are the following:

·         Location: It is accessible to your work place and even to the school of your children.

·         Safety: It is located in a safe neighborhood so you rest assured that nothing bad might happen to you and your family.

·         Price: If it is worth your money and it is according to the right assessment of the prevailing market value.

In order to achieve your goals in selling and buying a house, make sure you seek the assistance of professional real estate agent. Doing so will help lessen the problem you might encounter. The real estate agent will assure your satisfaction whether you are buying or selling a house. Remember, they have the best knowledge of dealing and the one to take charge of the responsibility in handling matters of real estate.

Tam Bay Realty

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://tam-bayrealty.com

http://www.businesslocallistings.com

How to Choose a Location When Buying a House

One of the most important factors when buying a house is to choose the right location. This is why in the real estate market, the properties located in premier locations are priced at a premium. However, not everyone is looking for a house in the city or in a lavish neighborhood. So how do you go about finding a home at the location you want?

·         First, you need to decide where you want to live, a state in particular. Consider where you’re working, the average home prices in the real estate market, proximity to the office or school, as well as safety, security, privacy and weather conditions.

·         Second, you decide where you want to live in that state: the city, the suburb, or the rural area? This is very important when buying a house because these three areas differ greatly in terms of peace and quiet, lot size of properties, accessibility, proximity to shopping malls, entertainment venues, hospitals, groceries and etc.

·         Third, what kind of neighborhood do you want to be a part of? Do you want to live in a neighborhood? If you do, pick a neighborhood with the same lifestyle and personality as yours. When buying a house, you should feel comfortable with your neighbors, you should get along with them. Also, you’d want a neighborhood that’s close to place you need to go to regularly.

·         Fourth, how safe is the house you’re looking into? In the real estate market, houses are priced less if they are located in neighborhoods or towns with a high crime rate. Further, you should also consider this if you plan to resell your home. It will be hard to get a good price for an area that is dangerous.

·         Fifth, it is best to buy a house that is close to your office or the school of the kids, if you have some. This will significantly decrease the gas expenses. Plus, there is no pressure to leave home very early just to make it on time. Moreover, you don’t have to worry and go through terrible traffic, which can get stressful on a daily basis.

·         Last but not the least, visit the home personally during the day and night time, so you can really see how it is living in that house the whole day.

Buying a house is all about preference. You need to list down all the factors that are important to you and narrow your choices one by one. Seeking the help of a real estate agent should be a big help in your search, too.

Tam Bay Realty LLC

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com