AUGUST 4, 2023 Virtual Color Consultation PAINT DESIGN BOARD Transform Your Garage HOMEOWNER TIPS An update of the real estate market WHAT IS GOING ON IN THE MARKET A R E A L E S T A T E N E W S L E T T E R Moving Made Simple HOMEKEEPR Stunning Kitchen Countertop Ideas DESIGNTRENDS NHA Get Mortgage Ready E-CREDIT ADVISOR
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make
While housing market conditions are definitely a factor in your decision, your own life and your finances may be even more important
Instead of trying to time the market, it may help to focus on what you can control. Here are a few questions that can give you clarity on whether you’re ready to make your move
1.DoYouHaveaStableJob?
One thing to consider is how stable you feel your employment is. Buying a home is a big purchase, and you’re going to sign a home loan stating you’re going to pay that loan back. That can feel like a big obligation. Knowing you have a reliable job and income coming in can help put your mind at ease. As NerdWallet explains:
“A mortgage is a big commitment . . . Wait until your employment is stable before thinking about buying a house.”
2.HaveYouFiguredOutWhatYouCanAfford?
To make sure you have a good idea of what you’ll need to save and what you can expect to spend on your monthly payment, talk to a trusted lender. They’ll be able to tell you about the preapproval process and what you can borrow, current mortgage rates and approximate monthly payments, closing costs to anticipate, what percent of the purchase price of the home you’ll need for a down payment, and more
The best part is you may find out you’re closer to your goals than you realized You don’t necessarily need to put 20% down, unless it’s specified by your lender or loan type As Down Payment Resource says:
“A 20% down payment on a home is great, but Many mortgages require no more than 3% to 5% of the purchase price as a down payment Plus, there are loans and grants that may help cover these costs Search for down payment assistance in your area, and discuss your results with your mortgage lender . . . ”
3.HowLongDoYouPlantoLiveThere?
Another important thing to think about is how long you plan to stay put. It takes time to build equity in your home by paying down your loan and home price appreciation. If you plan to move too soon, you may not recoup your investment. For example, if you’re looking to sell and move again in a year, it might not make sense to buy right now. As a recent article from CNET says:
“Buying a home is a good idea if you’re planning to stay put for at least three years. Home values typically increase between 2% and 5% annually, so you could end up paying more in closing costs than you’d earn in proceeds if you sell after only a year or two.”
So, think about your future. If you plan to transfer to a new city with the upcoming promotion you’re working toward or you anticipate your loved ones will need you to move closer to take care of them, that’s something to factor in.
“Housing market trends give important context. But whether this is a good time to buy a house also depends on your financial situation, life goals and readiness to become a homeowner.”
HOUSING UPDATE
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WHAT IS THE BIGGEST CREDIT SCORE MISTAKE?
Thinking You Have To Carry a Balance To Build Credit!
The truth: No, you don’t! You can build a great score without paying interest on your purchases This misunderstanding does a lot of damage!
Here’s the responsible and cheap way to use credit cards:
Have a budgeted amount that will go on your credit card each month
Track your spending so you stay within your card’s budget.
Don’t charge more than 30% of your available credit. Keep it below 10% if you want to boost your score quickly
Pay your bill in full every month and always by the due date.
Stick to this plan and you’ll be on your way to an excellent credit score And don’t forget to pay all of your bills on time, not just credit cards.
Stunning
Kitchen Countertop Ideas to transform Your Kitchen
The kitchen is the heart of any home, and the countertop is the centerpiece that ties the entire space together. A well-designed kitchen countertop not only enhances the aesthetics of your kitchen but also adds functionality and value to your home. Whether you're renovating your kitchen or building a new one, choosing the right countertop material and design is crucial.
Marble -Timeless Elegance
Marble countertops have been a symbol of luxury and sophistication for centuries. The timeless beauty of natural marble with its intricate veining and subtle color variations can instantly elevate the elegance of any kitchen. While marble does require regular maintenance and can be susceptible to staining, it remains a top choice for homeowners who want to achieve a classic and refined look.
Quartz - Contemporary Chic
For a more durable and low-maintenance alternative to marble, consider quartz countertops. Engineered quartz offers a wide range of colors and patterns, making it easier to find the perfect match for your kitchen design. It is non-porous, stain-resistant, and requires minimal upkeep, making it ideal for busy households and avid cooks.
Granite - Vibrant Elegance
Granite countertops continue to be a popular choice for kitchens due to their durability and natural beauty. With an array of colors and patterns, granite can add vibrant elegance to any kitchen design. Though it requires periodic sealing, the timeless appeal and toughness of granite make it a worthwhile investment
Soapstone - Earthy Appeal
Soapstone countertops exude a natural, earthy appeal that can transform your kitchen into a cozy and inviting space. Known for its smooth, velvety texture and unique color variations, soapstone is non-porous and requires minimal maintenance. Over time, soapstone develops a beautiful patina that adds to its charm.
Concrete - Industrial Chic
If you're aiming for an edgy and contemporary kitchen design, concrete countertops might be just what you need. Concrete offers a sleek, industrial look that can be customized with various pigments and textures. Despite its robust appearance, concrete can be prone to chipping and staining, so proper sealing is essential to maintain its integrity
Organize Your Garage: Transform Chaos into Order
Your garage, once a sanctuary for your vehicles and a space for DIY projects, has probably become a cluttered storage nightmare over the years. But fear not! With a bit of planning and some effective organizing strategies, you can reclaim your garage and turn it into a functional, tidy, and efficient space.
Step 1: Assess and Declutter
Before you start organizing, it's essential to assess the current state of your garage Take everything out and sort items into categories: keep, donate/sell, and dispose of Be ruthless and let go of things you haven't used in years. Keep only the items that are genuinely useful and sentimental.
Step 2: Create Zones
Divide your garage into different zones based on the activities you do and the items you have. Common zones include a workspace, sports equipment area, gardening station, and storage for household tools and supplies. This segmentation will help you organize each section effectively.
Step 3: Install Wall Storage
Utilize the walls to maximize your garage ' s vertical space. Install wall-mounted shelves, pegboards, and slatwall systems. Wall-mounted shelves are perfect for storing containers, boxes, and items you need frequent access to Pegboards provide an easy-to-customize storage solution for tools and small items, while slatwall systems allow for versatile hanging options
Step 4: Ceiling Storage Solutions
To free up valuable floor space, consider utilizing the oftenunderused ceiling area Install overhead storage racks to keep seasonal items, luggage, or rarely-used possessions out of sight but accessible when needed Heavy-duty hooks and straps can also be used to suspend bicycles, ladders, or other bulky items.
Step 5: Invest in Quality Shelving
Garage shelving is a must-have for organizing large and heavy items Invest in sturdy, adjustable shelves that can hold various tools, equipment, and storage bins Opt for shelves with different sizes to accommodate items of various heights
Step 6: Clear Containers and Labels
Use clear plastic containers or bins for storage The transparency allows you to quickly identify the contents without rummaging through multiple containers Don't forget to label each container to avoid confusion and ensure everything is returned to its proper place.
Step 7: Set Up a Functional Workbench
Designate a space for a workbench, where you can undertake DIY projects, repairs, and maintenance tasks Keep your most commonly used tools nearby for easy access Install a pegboard above the workbench to keep tools organized and within arm ' s reach.
Step 8: Recycle and Trash Stations
Create designated areas for recycling and trash Install bins for different types of recyclables and ensure they are easily accessible. Make sure to dispose of hazardous waste properly, such as old paint, chemicals, or batteries.
Step 9: Safety First
Prioritize safety in your garage organization efforts. Install fire extinguishers and a first-aid kit in an easily accessible location. Ensure proper ventilation if you frequently use the garage for activities that produce fumes.
Step 10: Maintain Regularly
The key to a well-organized garage is consistent maintenance. Encourage family members to return items to their designated spots after use. Regularly check for clutter and reevaluate the garage ' s organization to make any necessary adjustments.
