Susan Hilton College Station Real Estate
Realtor & Vice President of Sales of Bryan College Station Real Estate
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January 19th, 2015 Categories: Buying
Thou shall not change jobs, become self-employed or quit your job
Thou shall not buy a car, truck or van (or you may be living in it!)
Thou shall not use charge cards excessively or let your accounts fall behind
Thou shall not spend your money you have set aside for closing
Thou shall not omit debts or liabilities from your loan application
Thou shall not buy furniture
Thou shall not originate any inquires onto your credit
Thou shall not make large deposits without first checking with your loan officer
Thou shall not change bank accounts
Thou shall not co-sign on a loan for anyone
Discussion: 1 Comment »|
Some decisions are easy ones. Do I support Texas A&M or TU? Do I live in Bryan College Station or Lubbock? Do I want chocolate ice cream or double chocolate ice cream? Others are not quite as straightforward. Which house is best for your family? Choosing a home to buy might require seeing several options and considering a list of criteria. Below are factors that should be considered when considering purchasing a home.
Where is the house located? It is often said that this is the most valuable thing to consider when buying a home. Almost any other part of the home can be changed or remodeled to fit your preferences, but you cannot pick up and move away from your neighbors. When looking around town at your options, consider the proximity of your home to your work, the feel of the neighborhood that the house is a part of, noise from traffic, pets or neighbors and how close the home is to parks, shopping strips, schools and public transportation.
Consider the features of the house as well. If you are looking at a home in the hills, does this house have the view you want? Are there multiple flights of stairs you will have to climb daily? Does the house offer you the privacy from neighbors? Does the yard feel safe and would you be comfortable letting your children play in it outside and using it for whatever you will need – gardening, sitting, pets, or other uses? Is the elevation of the driveway safe? Are the stairs too steep? These are all things that need to be considered.
Not only do you want to feel like you have privacy from your neighbors, but you will want to check out the area Read the rest of this entry »
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Homeownership comes with many benefits whether it is a home in Bryan or College Station or far away from Aggieland, and the least of which is that the home is yours! You are allowed to get a dog, or nine (unless you have deed restrictions…)! You can plant a garden, paint walls, change the décor, renovate, and do just about anything you would like with your new home. There are a number of other benefits. The community in which your home is located makes you feel more connected. You may join a neighborhood club or make friends with your neighbors at block parties. This gives you a sense of pride. The mortgage payments you will be making will slowly increase the amount of equity you have in your home. When you are renting a home, rent usually slowly increases over time. In a home, the normal, fixed rate mortgage locks in the amount of money you pay monthly for a set 30 years. This assures you stability. Your credit score should go up if you pay your mortgage on time. The stability that comes with owning a home allows you a sense of safety and consistency. You can stay in your home as long as you would like. There are currently tax write-offs that come with owning a home. The value of your home should also go up. Over the past 50 years, the value of homes has risen an average of five to six percent. Also, there may be tax free gain when you sell your home, meaning you pay no tax on the appreciation because you bought it.
These are just the tip of the iceberg of benefits that Read the rest of this entry »
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Renting a place alone is often too expensive and can be lonely. Sharing an apartment or duplex with a roommate is necessary to cut the cost, especially for those just starting out in the “real world” and those attending Texas A&M and Blinn. With today’s economy, saving money on living is tremendously helpful. Sharing your living experience with someone is a terrific way to bond and form relationships. Most of the time roommates form strong friendships that can last a lifetime. However, a successful relationship with your roommate is dependent on a few different things – two of which are compromise and clear communication.
Are you sure you want a roommate?
Before we delve too deeply into this, make sure you genuinely want a roommate. If you need a roommate purely for financial decisions, maybe it is not the smartest thing for you to jump right into searching for a friend to live with. A roommate comes with benefits and challenges. You have to be willing to trade the benefits for the setbacks. For example, if you are not sure you want a roommate, you may be able to find an apartment farther away from the middle of town for less money. If this trade-off is worth it to you, it is the smarter choice. It depends hugely on what your priorities Read the rest of this entry »
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Buying a home for the first time usually includes several visits to many different properties in the area. A buyer wants to consider all options before making a final decision. After the third or fourth house, memories may start blending together, so it is a fantastic idea to take notes and even photos when you visit. If you see something about the house that stands out, something you passionately like or dislike, take a photo of it. This way, when you look back on what you thought of each home, you can remember them accurately.
There is a list of things to be on the lookout for inside of the house. You want to spot anything that may incur an extra cost – minor replacements or long-term work on the structure.
In the kitchen, bathroom, laundry and any other room with a sink, turn on the water to check pressure and drainage. Notice the color of the water and make sure it is not dirty. You may even want to leave it running for a bit and take a drink from the faucet to see how it tastes.
How is the hot water system? Is it large enough for you and or your family? Look for leaks, rust and signs of aging around the hot water system. If it is a gas heater, check when the last service Read the rest of this entry »
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