Litchfield County, CT - 27.9

LITCHFIELD COUNTY, CT LITCHFIELD COUNTY, CT

HOME & LIFESTYLE GUIDE Volume 27, Issue 9

Move Right In! NOTHING

WAS SPARED

ON THIS HIGH END HOME IN DESIRABLE

COVER HOME: Text R817740 to 52187 OR See Page 5 for more details For Advertising, Call 860.361.6801

RealEstateBook.com

Request FREE MAGAZINES online, or call 800-841-3401

BETHEL!

Contact: Bill Jacquemin

Candlewood Realty 203-470-3275 | 860-799-5300 ext. 11 billj@candlewoodrealty.com

More Exposure For You and Your Listings!

LITCHFIELD COUNTY, CT

HOME & LIFESTYLE GUIDE Volume 27, Issue 9

Move Right In! NOTHING

WAS SPARED

ON THIS HIGH END HOME IN DESIRABLE

COVER HOME: Text R817740 to 52187 OR See Page 5 for more details For Advertising, Call 860.361.6801

RealEstateBook.com

Request FREE MAGAZINES online, or call 800-841-3401

15601.27.9.001.indd 1

BETHEL!

Contact: Bill Jacquemin

Candlewood Realty 203-470-3275 | 860-799-5300 ext. 11 billj@candlewoodrealty.com

• LOCAL DISTRIBUTION 600+ locations Local Marketing In The Real Estate Book Home & Lifestyle Guide.

• MOBILE Text Codes for every listing with “Real Time” Leads to my smart phone. Personalized Mobile App & Website

8/9/18 10:30 AM

• DIRECT MAIL PROGRAM Custom Just Listed, Just Sold & Farming Mailings

Owner/Publisher

• GLOBAL SYNDICATION INCLUDING DuPont Registry, Mansion Global, Unique Homes, Wall Street Journal, Robb Report and propGoLuxury.

LOCAL PRINT MOBILE DIRECT MAIL ONLINE PARTNERS

Lucinda Rowe-Connolly 860.361.6801 Office 203.241.0068 Cell Email: lucinda@realestatebooklc.com for more advertising information.

For Ad Production: call 610-730-4019 or Email - treb.Karen@gmail.com

Complete Multimedia / Marketing Exposure The Real Estate Book Litchfield County • 312 Danbury RD, New Milford, Connecticut 06776

imagine

smarter mortgage advice

Finding Listings doesn’t have to be this difficult...

that gets you to the closing faster • First-time Home Buyers • Fixed and Adjustable Rate • Construction • Jumbo • Land Loans

enriching.

salisburybank.com Call to request a FREE consultation.

860.596.2444 Member FDIC

Page 2

© Salisbury Bank and Trust Company

NMLS#562127

MORE LISTINGS. MORE SALES. MORE HAPPY!

Equal Housing Lender 17P55_NPMG_TREB_Flyer_4thPlace-Dig.indd 1

5/12/17 1:34 PM

ELYSE HARNEY REAL ESTATE A Tradition of Trust Connecticut New York Massachusetts

RE AT TH

NORFOLK, CT. Stunning 1880 Historic Victorian. High Ceilings, FPs, Modern Kitchen, Sleeping Porch, Massive Wrap-around Porch. Carriage Barn w/ 2 oversized stalls & walk up loft. 2956 sq.ft. - 0.47 acres - 4 BR -2 BA -1 Half BA. Web#EH3891 Thomas McGowan $359,000 RBBFNDN

COLEBROOK, CT. Charming Cape in Total Seclusion. Great Room w/ Soaring Ceilings, FP, & open staircase to loft. Upgraded KIT. 2 BRs & BA w/ jacuzzi on 1st flr. Utility Shed. Generator. 1248 sq.ft. - 1.84 acres - 2 BR - 1 BA - 1 Half BA. Web#EH3890 Thomas McGowan $239,000 RBBFMMJ LIV I IN

SALISBURY, CT. Private Rustic Contemporary w/Stunning Views. Abuts Protected Land. Trails. Adirondack Style Porch. Large Open Lower Level leads to Covered Area. Fireplace. Garage Barn. 1948 sq.ft. - 12.54 acres - 3 BR - 2 BA. Web#EH3889 Thomas McGowan $889,000 RBBFMMK

SALISBURY, CT. Perfect Low Maintenance, Well Maintained Home. Restaurants & Shops all accessible without the need to get in the car. Close to Lake Wononscopomuc, Catamount, & Wassaic Train Station. 1236 sq.ft. - 0.65 acres - 3 BR - 2 BA. Web#EH3886 Liza Reiss $295,000 RBBFMMH WO ME NDER WIT FUL H B CO ARN UNT & V RY IEW S

FALLS VILLAGE, CT. Stunning Greek Revival w/ Period Details. Formal DR opens to Porch w/ Fluted Columns. Modern KIT w/ Brkfst Bar open to deck. Walkout basement w/ finished room. 1842 sq.ft. - 0.19 acres - 2 BR - 1 BA. Web#EH3882 Thomas McGowan $405,000 RBBFKXD

CANAAN, CT. Private w/ Open Meadow & Views. Main House has 5 BRs, 3 BAs, LR w/ FP, Great Rm w/ Cathedral Ceiling & FP,Newly Reno'd KIT w/ Dining Area by FP. Barn w/ Studio & 1BR Apt. 3076 sq.ft. - 19.4 acres - 5 BR - 3 BA Web#EH3880 Juliet Moore $595,000 RBBFHPR

BARKHAMSTED, CT. Waterfront w/Views. Currently classified as a 2- family w/ 5 BRs, 3 BAs,LR w/ FP & 2 Kitchens. Fish, Swim, or Canoe from your own property.

Year-round living or a private retreat. 2210 sq.ft. - 0.41 acres - 5 BR - 3 BA. Web#EH3879 Thomas McGowan $345,000 RBBFGNJ

KE V HO ILLE ME CO ST UN EA TR D Y

LA

LA U ON RE TH L CO E W TT AT AG ER E

HO

OP ER

HO

US CO

E

LA

-T

OW N

UR EL SH

IR E

NG

TH

EM

AP

ER ET

LE H

Salisbury, CT (860) 435-2200

Riverton, CT Falls Village, CT Millerton, NY (860) 738-1200 (860) 824-0027 (518) 789-8800

OU SE

www.HarneyRE.com

Norfolk, CT (860) 542-5500

LAKEVILLE, CT. Private Home w/ 2 complete living spaces joined by central Sun Porch; each w/ 2 BRs, KIT, LR. DR, Private Driveway & 2-Car Garage. Gardens.

Chicken Coop. 3276 sq.ft. - 2.03 acres - 4 BR - 4 BA. Web#EH3877 Roberta Green $699,000 RBBFDKQ

For More Information on These Listings > Text Bolded Property Number to 52187 Page 3

THINKING OF BUYING A NEW HOME? DON’T SIT ON THE FENCE!

CONTACT A REALTOR® TODAY Find a REALTOR® on our web site!

WWW.LITCHFIELDBOARD.COM Litchfield County Board of REALTORS®, Inc. The Voice for Real Estate™ in Litchfield County REALTOR® is a registered trademark.

Members adhere to astrict Code of Ethics.

Page 4

CANDLEWOOD REALTY Bill Jacquemin

Billj@CandlewoodRealty.com 312 Danbury Road New Milford, CT

C: 203-470-3275 O: 860-799-5300 ext 11

Making Your Dream Home a Reality

MO

UN

TA IN

ES

TA TE

COVER HOME

$449,500 BETHEL Move right in! New construction, great open concept plan with grand 9 foot ceilings. Breathtaking kitchen with granite counter tops, new stainless steel appliances. Hardwood floors throughout! Gas fireplace with flat yard..perfect for entertaining or for any activity. Seeing is believing so take a look! RBBCVLK

UIL GR

$219,000 NEW MILFORD This is a beautiful private building lot. Secluded with views. This 6 ac. lot can be subdivided, it is zoned to 1.5 acres. Build your dream home or subdivide into multiple homes! Testing for multiple lots is buyers responsibility. RBBBXHC

RE DU

EN OT EA TP GR

$599,000 NEW MILFORD Industrial Land for Sale.

Numerous uses from storage facilities to housing and more!

City water, gas, and water available! **This land can be combined with property above for almost 24 acres! Owner financing is possible. RBBBXGZ

CE D

$299,000 NEW MILFORD New development site. House on property currently occupied. Two structures on this lot.

Can be combined with 2 Sostak(Ad below) for almost 24 acres! Railroad access allows for great planning/facility layouts. RBBBXGY TA IL

DE

VE

LO

EA TB

PM

EN

DIN

TS

GL

OT

ITE

$820,000 NEW MILFORD $820,000 SHERMAN Wooded horse estate. 3 BR, 2/3 bath, in ground mountain lake pool, hot tub and sauna perfect place for entertaining or just relaxing. Full master bath including steam shower and jet tub. The house is heated with RADIANT heat throughout. 3 car garage is HEATED and a partially finished loft above garage perfect for a workshop. Property located on a rural dirt road. RBBBXHB

$45,500 NEW MILFORD Great building lot. CITY WATER HOOKUP AVAILABLE! site plans available as well.0.533 acres, 225 feet +/- road frontage. RBBBXGX

For More Information on These Listings > Text Bolded Property Number to 52187 Page 5

2018-2019

ON THE MAIN STAGE Disney’s NEWSIES November 3-11, 2018

A GENTLEMAN’S GUIDE TO LOVE AND MURDER February 2-10, 2019

MAMMA MIA! May 4-12, 2019

JOSEPH AND THE AMAZING TECHNICOLOR DREAMCOAT July 27-August 4, 2019

NANCY MARINE STUDIO THEATRE THE UNEXPECTED GUEST September 22-30, 2018

7TH ANNUAL INTERNATIONAL PLAYWRIGHTS FESTIVAL October 12-13, 2018

A CHARLIE BROWN CHRISTMAS December 8-16, 2018

Ken Ludwig’s BASKERVILLE A SHERLOCK HOLMES MYSTERY

March 23-31, 2019

DISASTER! A 70s DISASTER MOVIE...

MUSICAL

June 15-23, 2019 Page 6

860.489.7180 • www.warnertheatre.org • Torrington, CT

Welcome to the

Red Room Sound Studio

860-361-6801 redroomsoundstudio@yahoo.com in the beautiful Litchfield Hills of Connecticut. A fully analog tape format studio, The Red Room Sound Studio is keeping it “REEL” with the warm sound of analog recording. Every project is unique! We tailor sessions to provide the best in time management and competitive pricing.

We are passionate about the recording process!

Call us to discuss your needs!

Northern Fairfield County Association of REALTORS® 15601.27.9.Red Room Sound Studio.indd 1

8/8/18 3:09 PM

TO

Fabulous

NFCAR EXPO DANBURY

!

Date e h t Save

October 25, 2018 The Crown Plaza

18 Old Ridgebury Road, Danbury, CT

(203) 794-0600

The Northern Fairfield County Association of REALTORS® 15 Stony Hill Rd, Bethel CT 06801 Tel: (203) 744-7255 Fax: (203) 792-9962 Page 7

DO YOU EAT, SHOP, & BUY GAS LOCALLY? S O D O E S YO U R N EXT C L I E N T

95%

of our magazines are picked up monthly by local home buyers and sellers

Get started with a Targeted Marketing Strategy today.

17M027A-032917 Page 8

6 Ways

to Finance

A Renovation

If you’re planning to take on a home improvement project, you’re in good company. A recent report by the Joint Center of Housing Studies at Harvard University predicts that the home improvement industry is expected to post record-level spending this year.

As you prepare for your renovation, it’s important to review your financing options based on the size of the project, your intended repayment plan and whether you plan to use a contractor or do it yourself. Below are some financing options to consider as you talk things over with your lender.

Home Equity Line of Credit (HELOC)

A HELOC can provide ongoing access to funds using the equity in your home, which typically results in lower interest rates than unsecured credit. This type of credit may also provide you potential tax benefits.

Consult your tax advisor regarding the deductibility of interest.

Mortgages with Built-In Renovation Financing

These loans help homeowners complete renovations with a loan amount that is based on an appraiser’s estimate of what the property value will be with completed improvements. This is also an option for aspiring homeowners who purchase properties that need repair. Whether a home purchase or a refinance, this option finances the renovations and mortgage in one loan.

Personal Loans and Lines of Credit These personal credit options typically offer quick credit decisions and access to funds in a day. Lines of credit provide ongoing access to funds.

Credit Card

Credit cards can be used for large or small purchases and may earn rewards, which can add up to significant benefits when you’re making big home improvement purchases. However, credit cards often have higher interest rates than other loan or credit options, which should be taken into consideration.

Savings

If you have a do-it-yourself project or a small renovation, accessing your savings might be an option. By paying cash, there is faster access to funds and nothing to repay.

Cash-Out Refinance Mortgages

A cash-out refinance replaces your current mortgage with a new and larger mortgage that pays off your current balance and allows you to use the equity in your home to provide additional funds for other purposes.

Your bank or lender may not be the best source for what color to paint your room or which walls to move, but they can help you identify your financial options. Each option has its associated benefits and considerations, and your bank can provide valuable information to help you make informed decisions about which options are right for you.

Page 9

Elegant Landscape Designs Can Greatly Enhance Property Value

By Lee Flynn Elegantly designed exterior landscapes can greatly enhance the appearance, curb appeal and market value of almost any home or property. Even large-scale landscaping projects can often be completed with relatively little cost and may add several thousands of dollars to the market price of a home or other property. Advanced options, such as hardscaping installations, xeriscaping or more ambitious layouts and designs are more than able to pay for themselves should homeowners ever decide to sell their home or investment property.

Page 10

The Importance of Curb Appeal Even the most attractive homes may still lack curb appeal. Professional landscaping designs and exterior renovations often provide the single most effective way for homeowners to create and maintain the level of curb appeal needed to enhance the market value of a property. Landscaping maintenance and installation services can be a valuable resource for homeowners seeking to protect their investment.

Landscaping is Among the Most CostEffective Home Renovation Projects Curb appeal projects can provide a significant return on investment for home and property owners. In addition to costing far more, interior renovations and home upgrades may do little to improve the overall impression a property is able to make on prospective buyers.

While interior renovation projects can be beneficial for creating a more comfortable home or optimizing the market value of an investment property, interior upgrades often fail to provide the level of results that professional landscaping designs may be able to offer.

Restoring and Maintaining Existing Hardscape Installations While often less costly than interior renovations, landscaping upgrades may still come with a hefty price tag. Restoring existing stone work, professional surface and grout cleaning and other maintenance services that may improve the appearance of existing hardscape materials can significantly reduce overall costs.

Professional maintenance services can provide property owners with a more affordable way to improve curb appeal

by restoring a faded or neglected landscape to its former glory. Professional maintenance services can even be of benefit for those undertaking a radical redesign of their landscape. Incorporating existing installations into a new design or restoring and reusing landscaping materials can provide a level of savings that few property owners can afford to overlook.

Working with the Right Professional From basic upgrades and maintenance solutions to more ambitious landscaping designs and complex renovations, the services and assistance of a qualified and experienced professional can be a key asset. Property owners often lack the tools, expertise and resources needed to tackle large-scale landscaping renovation projects on their own. Working alongside the right professional can provide superior results and ensure that homeowners are not forced to make due with a limited range of designs, options or solutions. Dealing with the wrong landscaper or overlooking the service providers that may have more to offer can be a very costly mistake.

Creating the Best Exterior Landscapes Elegant landscaping design, hardscaping installation or restoration services that make the home more attractive can all make a huge difference. Property owners who overlook the importance of curb appeal may find themselves hard pressed to enhance the overall value of their investment. Landscaping projects that may be completed for a fraction of the cost of a room addition or other interior renovation provide a proven and effective way to add thousands of dollars to the market.

Page 11

NTY, CT LITCHFIELD COU

T YLE GUIDE HOME & LIFESVo lum e 27, Issue 9

Meet the new hers Owners/Publis ook eB The Real Estat nty Litchfield Cou

You may recognize Lucinda and Michael Connolly from the world of music and entertainment. Now residents of Litchfield Connecticut, Lucinda and Michael are the new owners and publishers of The Real Estate Book Litchfield County. Lucinda will be handling the day to day operations of the book with Michael handling distribution assuring that the books are delivered to over 400 locations in Litchfield County. The couple has a strong business and sales background that is evident in just about everything they do. The success of their musical career and entertainment company, Flying Key Entertainment, shows their creativity, forward thinking and attention to detail. They are bringing these qualities to The Real Estate Book Litchfield County with a modern vision of supporting the Litchfield County Realtor community as well as bringing exciting community content to the book showcasing why it is so wonderful to buy and live in Litchfield County. The couple grew up in Newtown Connecticut and realized their dream of purchasing a home in Litchfield in 2017. Their home was built in the early 1960’s and through Lucinda’s design eye and Michael’s strong abilities in renovation, repurposing and upcycling, they have returned the house cool charm of a “groovy” 1960’s retro ranch. The couple RED SPA S the WAto ! with their THINGtogether ETHEL NOworking loves and sharing all IN aspects life B making a home ABLE IRtheir DESof E M O H D EN H two rescue dogs Stevie and Jinx.

Lucinda and Michael believe that the Real Estate ON THIS HIG Book Litchfield County will be recognized as the “go to” integrated print and digital advertising source for the real estate community in Litchfield County.

! n I t h g i R e v Mo

Contact Lucinda at 203.241.0068 or Lucinda@realestatebooklc.com

187 Text R817740 to 52 COVER HOME: fo ils more deta OR See Page 5 r ll 860.361.6801 For Advertising, Ca Page 12

Book.com RealEstateeB

l 800-841-3401

ZINES online, or cal

Request FREE MAGA

cquemin Contact: Bill Jaoo d Realty

Candlew 11 0-799-5300 ext.

86 | 203-470-3275 om y.c alt re od billj@candlewo

APPLY FOR A LOAN

REFINANCING

NEW LOAN QUOTE

FINDING THE BEST MORTGAGE LOAN: WE CAN HELP

Brandon Blynn (203) 826-2448 brandon.blynn@maoainc.com NMLS #103975 NMLS 74336

Ct Mortgage Correspondent Lender | NY/FL State Registered Mortgage Brokers | Loans are arranged with third-party 12 Mill Plain Rd Suite 7 Danbury, CT 06811

800.338.5050 www.prochek.com FREE FINAL WALK THRU behalf at NO CHARGE!

– We conduct the walk thru inspection on your

INSPECTIONS ON DEMAND – convenience – 7 days per week!

Our inspections are performed at your

FULL SERVICE INSPECTIONS – We provide comprehensive Home Inspections, Termites, Water and Radon Testing. WE NOW DO SEPTIC SYSTEM INSPECTIONS TOO- One call to us takes care of everything.

QUICK REPORTING – Comprehensive Inspection Reports are e-mailed in 24 hrs!

PRO CHEK = PEACE OF MIND

We have had a superior service reputation for 25+ years and are now THE LEADING HOME INSPECTION COMPANY in the northeast.

Page 13

7 Ways to Wow Buyers with Outdoor Staging As one of the busier times of year for real estate activity, summertime is ideal for sellers hoping to unload their homes for top dollar. If your home is on the market this summer, stand out from the pack with these outdoor staging tips, courtesy of the experts at Point2.com.

1. Invite Buyers In

It’s no secret curb appeal matters to buyers, but too often, minor details are overlooked when setting the stage out front. To roll out the welcome for buyers, replace your worn welcome mat with a summery alternative, and install large house numbers in a prominent location that can be viewed from the street.

2. Shine Up Windows

Cleaning windows inside and out can be taxing, but it makes a noticeable difference. For the exterior sides of the windows, scrub off any accumulated film from tree pollen and polish until glistening. Buyers will be pleased to see not only a sparkling home outside, but a light-filled interior as well.

3. Showcase Small-Scale Color

In lieu of a costly exterior paint job, choose specific areas outside to add pops of color.

Window boxes bursting with blooms are often well-received by buyers, as well as container plantings. If the exterior could use refreshing, consider re-painting the front door before recruiting a professional to do the entire home.

Page 14

4. Spotlight for Safety

Make sure the outdoor spaces around your home, including the front entrance, deck, patio, and walkways, are appropriately lit.

Updated light fixtures are not only aesthetically pleasing, but are an added safety feature to the home.

5. Maintain the Landscape

A well-kept home speaks volumes to buyers, and the exterior is no exception. Whether you hire a professional landscaper or DIY, trim the lawn and any hedges – the latter can be a trip hazard if left untouched.

6. Deck Out the Deck

Whether your home features a deck, patio, porch or other outdoor living area, take time to power wash the surface to remove any debris. If your outdoor furniture is lacking, consider purchasing a fresh set, complete with all-weather cushions and pillows in vibrant colors.

7. Make the Pool Picture-Perfect

Pools can be a make-or-break feature for buyers, so play it up as best you can. After having the pool cleaned by a professional, take care to skim the surface for any debris that accumulates between buyer visits. Be sure the pool cover, mechanized or otherwise, is free of damage and the filtering system is in proper working order.

Need Roof Work?

5

Tips to Avoid Scams

Replacing or repairing a roof is a costly undertaking— one that for many homeowners has been marred by disreputable roofing contractors. However, don’t let a few bad apples ruin the whole bunch. There are plenty of trustworthy roofing companies in your area.

To avoid roofing scams and to find a reputable roofer, follow these tips, courtesy of the Insurance Institute for Home & Business Safety (IBHS):

1 2 3

Research roofing contractors diligently before hiring one. Consult the Better Business Bureau (BBB) and search for reviews and ratings online. Avoid contractors who have generated complaints, lawsuits, etc. A reputable roofer will also be able to provide previous customer testimonials or recommendations vouching for their work.

Confirm all credentials before hiring a contractor. A reputable roofing professional will be licensed, insured and bonded, and will be able to provide the aforementioned locally-based references. Request to review their license number, federal tax identification number, and certificate of insurance—a qualified professional will provide them. Fact-check this information with the appropriate authorities.

Get detailed estimates (in writing!) from contractors you’re considering hiring—more than one is best. Shop around to find the best value. Don’t feel pressured to hire the first roofing company that gives you an estimate. Also be wary of any “today only” deals or prices when you’re given an estimate, they are pressuring you into making a decision right away. y

4 5 6

Do not enter into an agreement with a roofing contractor who solicits business at your doorstep, particularly after a storm. This could be a sign of an imposter. Also, be wary of any deals or prices that sound too good to be true. They usually are.

Exercise caution when dealing with contracts. Be sure to read and re-read all documents, or have a third party review them with you, before signing them. Do not sign a contract with missing information—a fraudster may fill these blanks with inaccurate information.

Do not feel pressured to sign a contract on the spot.

Most importantly, never pay upfront in full for roofing work.

Scammers will make off with the money, never to be seen again.

By following these tips you will find a reputable roofing company that will provide you with a great balance of service and price. Good luck with your roofing project!

Page 15

» WATERPROOFING » FINISHING » STRUCTURAL REPAIRS » HUMIDITY & MOLD CONTROL

500

$

OFF

» & NASTY CRAWL SPACES, TOO!

Any Full Perimeter Waterproofing System with Sump Pump Cannot be combined with any other offer.

Not valid for prior work. Must be presented and redeemed at time of estimate.

Expires 9/10/18

1,000

OFF

$

Any Total Basement Finishing Project Cannot be combined with any other offer.

Not valid for prior work. Must be presented and redeemed at time of estimate.

Expires 9/10/18

HIC.0526823

866-691-8595

CONTACT US TODAY FOR A

FREE ESTIMATE

Cape Cods

Colonials

Raised Ranches

Contemporaries

Ranches and Your Home!

ROOMS TOO HOT/COLD? COLD FLOORS? DRAFTS? ROOMS OVER GARAGES? AND MORE!

FREE Insulation!

OUR WORK PAYS FOR ITSELF

In one day, we can make your home:

 MORE COMFORTABLE  EASIER TO COOL/HEAT  HAVE LOWER ENERGY BILLS

200

$ HIC.0623351

OFF

We Fix:

CTBasementImprovements.com

Any Air Sealing and Insulation Package

FINANCING AVAILABLE

CALL TODAY FOR A

FREE ESTIMATE

Cannot be combined with any other offer. Not valid for prior work, must be presented and redeemed at time of estimate. Expires 9/10/18

866-691-8595 CTBasementImprovements.com

WHEN IT’S TIME TO SELL, OUR ADVERTISERS DELIVER QUALITY RESULTS

Agents that advertise in The Real Estate Book® are qualified, knowledgeable about your local area, and determined to meet your needs, making them a perfect fit to sell your home. Our advertisers understand the need to stand out from the crowd everywhere - online, in print, and especially in their local market.

We provide real estate agents with the tools necessary to be successful, and most importantly, sell your home.

So, if you’re getting ready to list, make sure The Real Estate Book® is your first stop.

Page 17

HOME BUYERS:

7 Ways to Prepare Your Finances Did you know many homebuyers are financially unprepared to purchase a home? According to a recent survey by the National Foundation for Credit Counseling® (NFCC®), almost half of respondents report being “least prepared” to buy a home – a sign that education is needed, especially for first-time buyers.

Prepare your finances well in advance of searching for a home. Here’s how.

1. Make a Financial Plan Knowing where to start means conducting a complete review of how your household budget is managed. Comparing income and expenses, reviewing debt, and tracking savings are just a few of the ways to measure readiness for homeownership.

2. Review Your Credit Report and Score Because a mortgage is the largest debt a person is likely to carry in their life, credit history can be a deal breaker or a dream maker. A credit report may be obtained without a score for free once every 12 months from each of the three bureaus by visiting AnnualCreditReport. com.

Once a copy is obtained, review it for discrepancies and dispute any differences. Do this at least six months in advance of applying for the loan, allowing time for inaccuracies to be corrected.

Along with the free credit report, a score can be purchased for a small fee. Because the score is critical to mortgage Page 18

approval and competitive interest rates, it is worth taking a look before submitting the loan application. Lender guidelines vary, but a FICO score of 760 is typically the threshold for the most favorable interest rates.

3. Start Saving A down payment is typically no less than 20 percent of the purchase price of a home, and coming up with the money may be a significant pain point. A down payment is essential to limit the amount borrowed, as well as increasing the chance of having more favorable mortgage terms.

4. Decide the Type of Loan After you’ve selected a lender, decide whether to take on a fixed-rate or adjustable-rate loan, which are the most common of the many different types of financing available. For those planning to remain in the home for a long time, a fixed-rate mortgage helps add stability by keeping the payment the same for the life of the loan. Those expecting their stay in the home to be no longer than five to seven years may be better served

by an adjustable-rate loan, where they could benefit from lower rates in the short term.

5. Pre-Qualify for a Loan It is important to know the limits of what is affordable before beginning to shop for a house. A good place to start is by becoming pre-qualified with a lender.

This free service can typically be done in-person, online or by phone. The lender will need to gather some financial information and will offer a general idea of the amount of mortgage loan available based on the information provided. This non-binding estimate is the best way to know how much house would be affordable.

7. Lock In the Rate If you like the interest rate being offered when pre-approved, lock it in by getting the commitment in writing. It can take time to find a home, negotiate a price and secure funding. Locking a rate for a reasonable period of time helps make room to complete the process without risking a less-favorable interest rate.

6. Become Pre-Approved for a Loan Applying for a mortgage typically involves a cost and is done by supplying detailed financial documentation to the lender. The lender will use this information in conjunction with information obtained by pulling a credit report to determine the amount and terms for the loan. This is not a final approval for a loan, but is a significant step toward that outcome.

Page 19

Hiring a Contractor?

Do This First Nothing is more exciting than embarking on a home renovation project! Hire the wrong contractor, however, and your dream remodel can quickly turn into a nightmare.

That’s why it’s essential to do your due diligence when hiring a contractor, such as getting multiple estimates before signing a contract.

According to the Better Business Bureau (BBB), when you get multiple bids, you can learn a great deal about the proposed project, such as what type of work is needed, the quality of the building materials, how long the job may take and the total cost.

u

u

Get everything in writing.

Make sure all verbal promises end up in the written contract as well as a detailed description of the work, the cost of materials and start and completion dates.

Contracts also should include specifics about the deposit and payment schedule and guarantees for the quality of work and materials.

u

The contract should specify required permits - Renovation work often requires permits from the town or municipality. If you’re contractor suggests going without permits, it might be a sign they have a poor reputation at city hall.

The BBB offers these other tips to help find the best, most ethical contractor to work with and ensure a successful home renovation: u

u

First, check bbb.org BBB’s business profiles can tell you how long the contractor has been in business, as well as provide contact information, verified customer reviews, complaint details and how the business responded.

Be wary of ‘today-only’ sales pitches - This is a sales tactic designed to get you to sign a contract or put down a deposit, without giving you the opportunity to do your research. Watch out for these and other ‘bargains’ that rush you into a deal.

Page 20

u Get references from recent customers - Speak with other property owners who had work done recently, and ask what they did or did not like about a particular contractor. A reputable contractor will be happy to provide u client references.

Compare apples to apples – Choosing a prospective contractor is simpler if you ask for quotes based on the number of hours needed and the same quality of materials.

Avoid putting down a large deposit - A typical payment schedule should follow the “rule of thirds.” The first payment is given when signing the contract and helps pay for materials, the second payment when work begins, and the final payment when the job is finished and you are satisfied with the quality of work. Ask the builder to walk you through the work to explain what has been done.

By sticking to the above steps, you’ll head into your renovation with peace of mind, knowing you’ve done your homework and taken the necessary steps to select the best possible contractor.

SEARCH FOR YOUR NEXT HOME ON THE GO! Whether you’re driving around, flipping through magazines or searching online, it’s now easier than ever to find your dream home.

Text the code listed on the sign rider or in the magazine to 52187.

You’ll immediately receive a response that links to more photos and property details, all of which can be viewed from your mobile device.

The Real Estate Book makes it simple and convenient to interact with your favorite listings and connect with qualified real estate agents.

TRY IT TODAY! Page 21

YOUR REALTOR IS READY TO GUIDE YOU HOME Not only can a REALTOR® help you when buying or selling–they also know your community.

CALL TODAY BUYING OR SELLING A HOME is a process and there’s nobody better to guide you through that process than a REALTOR®

Page 22

A REALTOR® can provide information on schools, shopping, transportation, and taxes.

They’re also continually updated on financing and housing trends.

CALL ANY OF THE REAL ESTATE PROFESSIONALS FEATURED IN THIS MAGAZINE AND GET THE GUIDANCE THAT ONLY A REALTOR® CAN GIVE!

STAN CARROLL REALTY, LLC

email: homes@stancarroll.realtor website: www.stancarroll.realtor

A Client Centered Real Estate Brokerage with Offices Serving all of Litchfield and Hartford County.

Frank J. Berg Broker/Owner

O 860-238-6067 | C 860-729-5436 Fireonthemountain@att.net www.TownandCountry.com

ROBERT GODBURN

WENDY EICHMAN

860.671.1340

860.671.0627 Broker | Licensed in CT

96 Main St. Canaan, CT.

96 Main St Canaan, CT Page 23

www.raynardpeircere.com 860-453-4148 | 96 Main St Canaan, CT Licensed in CT & MA

Wendy Eichman, Broker For More Information on These Listings Text RED Property Number to 52187

Wendy Eichman

Roselee Fanelli

Broker

Realtor

Nikki Blass Realtor

Robert Godburn Realtor

LAND Falls Village 2+ acres. $74,900 NORTH CANAAN Great value in this house! Living, Dining, Kitchen and half bath with laundry (new washer & dryer) on first floor. Master bedroom includes walk in closet, full bath with large tub and linen closet along with two more bedrooms and another full bath. Lower level has 20x11 finished living space with carpet and wood paneling.

Utility area in basement for storage. Roof replaced approximately five years ago. $149,900 RBBDYDX Wendy Eichman, 8606710627

Norfolk 10+ acres. $110,000 North Canaan 10 acres. $110,000

NORTH CANAAN Nicely maintained three bedroom home located on the outskirts of town. Beautiful remodeled kitchen with granite counter tops, stainless steel appliances including Viking 4 burner propane stove with french doors leading out to stunning patio .

Impeccable landscaped yard. Wood stove in living room. 3 bedrooms and a newly remodeled bathroom. $181,000 RBBBWTJ Wendy Eichman, 8606710627 NEW LISTING

WINCHESTER Beautifully landscaped Cape located close to Town.

This spacious two bedroom home has living room, dining room, den, full bath and kitchen on first level. Two bedrooms with lots of storage and half bath upstairs. Finished lower level includes large living area with walkout to stone patio, utility room, laundry room and a workshop area. Enclosed deck off of kitchen leads down to stone patio and back yard. $172,900 RBBDSVK Wendy Eichman, 8606710627

NORTH CANAAN Spacious country home w/ 4 bedrooms & hardwood floors throughout includes 2 fireplaces, den, lower level family room & large bonus room. Full bath upstairs, partial bath on 1st floor.

Large walkup attic w/ plenty of storage. Beautiful large yard , inground pool w/ slide & pool house, shed & large heated garage that can house 4-5 cars w/ large bonus room upstairs. 2 paved driveways.

Shuffleboard court $244,900 RBBBWTN Wendy Eichman, 8606710627

NORTH CANAAN Charming four bedroom Victorian with nicely landscaped yard. One car attached garage. Beautiful hardwood floors throughout - newly refinished in living room, 20 x 20 Great Room with cathedral ceiling, fireplace with propane insert. Wood stove in kitchen. Full attic storage. Slate roof. Invisible fence in yard. Nice rear deck for entertaining. Paved driveway. $225,000 RBBCNCX Wendy Eichman, 8606710627

North Canaan 9 position.indd 1

NORTH CANAAN Built in 1752, this historical gem was owned by one family for the first 150 years. A fire claimed half of the house in the late 1800's and that portion was rebuilt. The original portion of the house has beautiful wide board hardwood floors, hand carved beams and a center staircase. In 1965 this stately home was converted into a two family. Restore it to it's original charm or keep it as a two family. $250,000 RBBDMWN Wendy Eichman, 8606710627 Page 24

2500 sq ft. Commercial Office Space available for rent. Includes reception area, common area with kitchen, six offices plus two additional which can accommodate multiple cubicles and restrooms.

Private location with large parking area.

8/6/18 2:52 PM

NORTH CANAAN Well maintained home with in-law apartment on 2.64 acres. Private setting. Spacious main floor includes large family room, dining room, living room, kitchen & 2 bathrooms. Upstairs 3 bedrooms with hardwood floors. Exposed beams on main floor, Dutch Door, covered patio & 2 car garage. Auto Generator. One bedroom in-law apartment is currently rented for $695 per month. $249,900 RBBCJWR Wendy Eichman, 8606710627