Overall, there’s been a lot of discussion about millennial home-buying habits. While the housing market has recovered since the 2008 bust, many millennials are still not buying homes. It’s a divergence from an old pattern in the United States, where home ownership has always been viewed as one of the key pillars to building wealth. According to research from the Urban Institute, home ownership among millennials aged 25 to 34 is eight percentage points lower than baby boomers at the same age and more than eight points lower than Generation X. Continue reading
Twelve days before Thanksgiving, Mark Meaney and his wife, Sue, decided to put their 109-year-old house on the market. They looked at comps of similar-sized homes near their St. Paul neighborhood, agreed on a price with their agent and waited anxiously for their first offer to roll in. Continue reading
Usually, the only thing you’d think about when moving is location, location, location. However, when you’re moving for retirement, it’s never the same thing – you have to consider several factors because things will never be the same once you retire. For one, you won’t be earning the same money you usually earn from a regular day job. This means that when you retire, you should be keen on your expenses. Healthcare will also become a necessity during this phase of your life. To ensure that your move during retirement will become beneficial to you in the long run, consider these questions: Continue reading
The 2018 real estate market is hot. Buyers are facing a shortage of inventory and sellers are selling their homes faster than previous years. Some markets are experiencing even greater real estate success with increasing home values, more interested buyers, and an influx of new residents. These are a few of the top booming real estate markets so far in 2018. Continue reading
Getting construction work done is always an exciting prospect, but it can also get very stressful . What could lessen the stress, however, is if you hire a good contractor for your project. To make sure you’re hiring the right contractor, you will need to ask certain essential questions. Here are a few: Continue reading
A few of the most common features that buyers look for when buying a house include the number of bedrooms, bathrooms, square footage, and whether or not the home has a garage. Then, there are the few important features that often get pushed to the bottom of the list. Don’t forget the following important features when choosing the right home for you and your family. Continue reading
Packing can be the most time-consuming part of moving, but doing it right can mean the difference between a successful move or a disaster, especially if you’re moving belongings that are fragile or of sentimental value. Here are some pack hacks to ease the process. Continue reading
Is it time to purchase your first home? Owning your own home may offer many advantages including building equity, qualifying for tax deductions, and having a place to call your own. It also requires a level of financial and emotional readiness. Evaluating your position in each of the following categories can help guide you as you make this important decision.
Purchasing a home is a big financial decision. In addition to making mortgage payments you also have to factor in additional costs such as taxes, homeowner’s insurance, homeowner’s association fees, city assessments, and household repairs. Mortgage companies use a debt to income ratio (DTI) to determine loan eligibility.
According to Forbes, multi-generational living is on the rise and an estimated 60.6 million Americans are currently living in a multi-generational household. In Canada, recent census studies show households of three or more generations all living under one roof represent the fastest-growing household type. There are many economical and familial advantages to multi-generational living. It is important, however, to find a home that is well-suited for every member of the household. Keep these important considerations in mind when buying a multi-generational home. Continue reading
Although buying or selling a home can bring about exciting changes for you and your family, it can introduce stress for your four legged loved ones. As a seller, having strangers coming in and out of your house can be alarming and upsetting to your pets. As a homebuyer, you want your new home to be safe and comfortable for every member of your family – even the furry ones. Whether you’re buying your first home or getting ready to put your house on the market, these pet safety tips for homebuyers and sellers will help make the process easier on you and your pets. Continue reading