UP to $125,000. to Purchase your First Home?

Yes! There are programs to assist First Time Buyers to purchase a home.  These programs are available to homebuyers that have not owned/held interest in a principal residence in the past three years.

These  Programs provide First time buyers a differed 30 years second mortgage loan that vary from $40,000. and up to $125,000. depending on what  city you’re applying and  availability of funds. Funds are available until used up…First come First served!

For these  homeownership programs, applicants must complete a pre-purchase homebuyer counseling program.

All applicants must be pre-qualified with the pre-qualification lender assigned to the property if they are interested in purchasing. However their first mortgage can be from any lender as long as the loan meets program requirements.

This First Time Homebuyer Program is being funded by the U.S. Department of Housing & Urban Development HOME Program. GREAT time and BEST opportunity!

 

 

 

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Is home remodeling worth the investment?

Is home remodeling worth the investment?

painting a homeMore Renovations are not Necessarily Better. Before you begin any major projects, it’s important to assess your home’s value and the neighborhood it’s in. Determine what it will be the approximate return on the investment (ROI) based on the current market value or how long you plan on staying in the house.

Be sure that your home renovations will add to the value of your home, but also aware that getting too extravagant may not bring the ROI you’re expecting.

The value of remodeling projects depends on several factors. First, take in consideration how old is the structure of the building, as well as, the general condition and the real need for the home-remodeling project.

The appearance of a house on the outside is what gives an initial and lasting impression.   Keep the exterior paint in good condition with no flakes or chips and roof should be clear of damaged shingles.

If paint on window shutters or trim is chipped, a new coat will refresh them and give your house a whole new look. These are inexpensive investments that are worth the cost.

Bath and kitchen areas are the most important rooms within a home. Remodeling a kitchen or bathroom can cost thousands of dollars but in many cases all they need is some sprucing up with paint or new floor material.

If the kitchen cabinets are in good condition, do not replace them with a complete kitchen remodeling job. They can be sanded and painted or stained for a lot less money. Replacing the knobs and handles will do the job as well giving them a whole new look and won’t cost a great deal of money.

Replacing an antiquated bathroom vanity and an old toilet is not very expensive and is not considered a major bathroom remodeling job. New bathroom fixtures from bathroom designer warehouses at cut-rate prices are also good options. Updating an old sink is as well inexpensive remodeling task. All these home-remodeling projects are worth the investment.

Be aware, that you don’t want to do work that makes your house worth $800,000. when the average market in your area is only $500,000.

Certain home renovations are a win-win situation, providing enjoyment to you, the homeowner, and then making your home more marketable, and worth more, in the future. Other renovations, however, can set you back thousands with no guarantee of future payoff on the Return of the Investment (ROI).

Don’t exceed the ceiling for the value of the homes in your neighborhood, or you won’t get your money back. Remodeling can cost a pretty penny, however it can provide significant returns when it comes time to sell your home, if you do it right!

Visit: http://www.sandyflores.com

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What’s  better buy?  A New or Used Home.

What’s better buy? A New or Used Home.

There are several factors beyond economics that drive this decision, and there is not a specific answer for it. Buying a new home or resale home is more of a life style. It is to decide best what fits your needs, comfort and personality.

So how do you decide?

For once keep in mind that for every qualifier, there is a disqualifier.

You will find good arguments for buying a new home; however you will find also great arguments to buy a resale home.

The truth is that every house has its own unique attributes that will match your personality and needs. On the other hand, builders can never fully re-create the nation’s quaint old neighborhoods, where every house was built architecturally distinct from the neighbor’s. And home buyers will never be able to fully assemble their dream homes the way they want unless they customize the home starting from scratch. So the choice between the two is always a relative call.

First of all, the well-known phrase in real estate: Location, Location, Location should continue at the top of our list. Older homes usually are located in the town’s center of well stablished neighborhoods, which can be good or bad depending on the vitality of your urban area.

Existing homes are usually less expensive per square foot. In new homes although Prices can be more  negotiable than an existing homes, there may be also additional cost under these new subdivisions and homeowner’s association, with mandatory fees and other assessments for architectural controls.

A new development usually offers an opportunity for you to help create your own neighborhood lifestyle. In older communities, people have moved in and out over the years and tend to get more diversity in the neighborhood.

Older homes mean more houses for your money; they may have additional space you can eventually add to the current building structure. On the other hand, new-construction homes often employ more efficient, innovative uses of square footage and property, and may have limited space for future additions.

While new homes are built expressing a modern style, older homes on the other hand can maintain more of classic look, such as Victorian Style Homes for example.

New homes builders have to follow very strict regulations, and are usually more fire-safe structured, and are built with building materials that promote energy efficiency benefits, such as thicker insulation, Energy Star windows, and more efficient energy-saving appliances as well. Older homes, unless they have already undergone an energy retrofit, it will add additional cost to upgrade it. The cost of maintenance goes hand to hand with older homes, especially if the previous owner did not keep up with proper maintenance of the home. Building materials may be harder to replace or match in an expansion or remodeling.

Newer homes tend to impose higher taxes on you because these are new subdivisions, because the community will still need fire and police coverage, sidewalks, sewers and probably a new school, where a more established home in a built-out area has a little more predictable tax structure.

With new and old construction homes, is always recommended to perform a professional home inspection. This is the only way you may be able to find the actual condition of the property; regardless if is a brand new home. It is known that buyers that have purchased brand new homes have discovered defects after purchasing these homes.   Inspect the property before you settle!