Posted on August 17, 2018
Typically, one would think that a room needs a closet in order to be counted as a bedroom, right? If you ask a handful of professionals, such as: realtors, homeowners, appraisers, inspectors, ect. “What defines a bedroom?” You will most likely get at least 5 different answers. With a housing stock as old as it is in the Greater Boston area, you are bound to run into a tiny room without a closet being labeled as a ‘bedroom’. You may think to yourself, “Are they serious?”.
Before splainin’ to them how the “bedroom rules” work, read on…
Posted on August 8, 2018
Moving is one of the most stressful things that we are forced to do in life. In the course of one day you are forced to bring all of your earthly possessions from one place to another. It’s expensive, time-consuming, and generally unpleasant all the way around. I thought it would be worth looking into the difference in cost of moving yourself versus hiring professionals. For our purposes, I am basing my costs on a two-bedroom apartment, fully furnished with two adults. No matter how you choose to move the actual stuff, some costs are going to be universal, let’s start with those.
Posted on July 27, 2018
The debate about whether it makes more financial sense to rent or buy has been raging for decades.
Advocates of buying say: When you rent, you’re essentially paying someone else’s mortgage. Buying is an investment—one that can significantly increase in value every year you own the home.
Fans of renting say: The extra costs associated with owning a home (interest payments on the loan, property taxes, homeowner dues, improvement/repair costs, etc.) add up. And there’s no guarantee that those expenses will be recouped when the house is sold. Instead of investing in a home, you may be better off investing your savings in stocks, bonds, and other financial securities.
Posted on July 20, 2018
Say what? Radioactive uranium is commonly found in the ground in Massachusetts? And that same radioactive uranium decays into radon, the leading cause of lung cancer in non-smokers? Yep. It’s EV-ERY-WHERE. With that said, take a deep breath and read on. The concentrations typically found in the environment are below , and there are ways to figure out how much is in a home and/or reduce those levels to reasonable amounts.
Posted on June 29, 2018
You did it!! You have an accepted offer! After looking for months, being outbid for properties and being turned down, you finally found the house for you. The stars aligned, the moon-cycle was right, and you got that offer accepted. You spend a little time celebrating, have a toast and a nice meal, and talk about where your things will go in the new place. The first matter of business after patting yourself on the back is usually the home inspection. This generally happens within a few days of the offer being accepted, and is a safeguard so you don’t buy a house with major structural, electrical or safety issues. Here’s the thing: home inspections are scary. You end up with a laundry list of ALL the faults there may be in your new house. Some findings are very serious, and give reason to back out of the sale. Often times, however, issues that sound really serious and dire have pretty easy fixes and don’t need to kill the deal. Here are a few of those things.
Visible water damage is super ugly and extremely noticeable. You will see it in ceilings under bathrooms, near corners of the house, or under an attic that may contain a pipe. Your gut instinct will be to ask the seller to repair it. Read More
Posted on June 22, 2018
How much sprucing up does a realtor do to their own condo when preparing it for sale? Gather ‘round and I’ll tell you!
First of all, I need to mention that I had done an almost complete makeover before I stopped living there and began renting it out three years ago. It was still in impressive shape when I started the conversation with my tenants about putting it on the market, but I knew that there were a few changes I could make that would maximize the chances for the bidding war I was hoping to trigger. Read More
Posted on June 15, 2018
By: Susan Kadilak
When furbabies are around, we take pains to make sure they’re safe and away from the worst of the construction — something we’ve explained in regards to a recent renovation project.
And we’re definitely not the only ones who do so. In fact, a National Association of Realtors® report revealed that our pets factor into all kinds of decisions regarding where we live, and how we approach our spaces. Read More
Posted on June 1, 2018
As they say, the early bird gets the worm! Sometimes, the secret to getting a “yes” is as simple as being the first to offer on a property. Be sure to have automatic alerts set up with your real estate agent, so you’ll instantly be notified about new properties as they hit the market. Then, don’t hesitate! Run the numbers and make the offer! Don’t let fear slow you down.
Rather than playing a game with the seller, offer your maximum offer right up front. If they counter… Read More
Posted on May 25, 2018
We’re often asked why the seller cares how much of a down payment a buyer uses. “Don’t they get the same amount of money either way?” Actually, sellers could care less about how much down payment a buyer uses.
What sellers DO care about is what the buyer’s mortgage contingency clause looks like in an offer. I like to think of contingency clauses as “But-Not-If” clauses, because that’s effectively what they are. Read More
Posted on May 11, 2018
1. Check your credit score.
This is the number that lenders will look at to determine if you are “credit-worthy.” The higher your score the lower your interest rate will be, which is what we want! Clean up any errors or blemishes on your report.
2. Calculate your monthly payment.
Use a mortgage calculator and determine what monthly payment you are most comfortable with (be sure to add a little extra for property taxes and homeowner’s insurance). Lenders look for a debt load of no more than 43 percent of your gross monthly income. This includes car loans, student loans, credit cards, etc.
3. Make a down payment plan. Read More