MaryAnne Sannicandro's Blog
For many people, summertime represents an ideal time to buy a residence. Ultimately, there are many terrific reasons to purchase a house in summer, including:
1. You can move after the school year ends.
When the school year draws to a close, you and your child can focus on relocating to a new residence.
Purchasing a house in summer guarantees that you can avoid the challenges commonly associated with relocating to a new residence during the school year. Instead, you and your child can spend summer looking for the perfect residence and buy a house before the new school year commences.
Furthermore, don't forget to consider the quality of schools near a residence before you finalize a purchase agreement. By doing so, you'll be able to find a home that is located near a great school for your son or daughter and ensure that your child can receive the best education possible.
2. You can complete many outdoor home improvement projects in summer.
Typically, purchasing a fixer-upper, i.e. a home in need of advanced repairs, may prove to be a viable option in summer.
If you buy a fixer-upper, you'll likely want to complete a broad array of home repairs immediately. Meanwhile, a summer home purchase ensures that you can enjoy warm temperatures for outdoor property improvement projects. As a result, you can perform roof repairs, home exterior maintenance and other outdoor home improvement tasks without having to worry about cold temperatures.
For those who are interested in finding a fixer-upper, there should be no shortage of properties available in summertime as well. Many home sellers add their properties to the real estate market in summer, guaranteeing that you can browse a large assortment of houses and find one that suits you perfectly.
3. You can work with an experienced real estate agent.
Buying a home in summer can be difficult, particularly for those who are exploring the real estate market for the first time. Lucky for you, many experienced real estate agents are available to guide you through the homebuying process.
An experienced real estate agent will help you find your dream home in no time at all. This professional understands the ins and outs of the summer housing market, and as such, will do whatever he or she can to help you discover the right house.
For example, if you are uncertain about how to obtain a mortgage, an experienced real estate agent can point you in the right direction. He or she may be able to put you in touch with nearby credit unions and banks, ensuring that you can secure a mortgage. Plus, your real estate agent might even be able to offer tips to help you boost your credit score before you apply for a mortgage.
This summer, collaborate with an experienced real estate agent to get the support you need to purchase a home. With an experienced real estate agent at your side, you can transform your homeownership dream into a reality.
One question that crosses many homebuyers’ minds is “Will it be cheaper to buy or build a home?” There’s many pros and cons of both new and older construction homes. The price you pay is a big part of how the entire decision breaks down.
Prices for existing homes vary widely based on where you live. The same principle goes for buying land and constructing a home. You can check on the specifics of the price per square foot in your area for more details. These costs could have the biggest impact on how you go about the path to homeownership and what area you decide to settle down in.
Keep in mind that new homes are often more spacious. This drives the cost per square foot down, yet there’s more square footage in the home.
Cost Of Upkeep
Any kind of home has its regular maintenance tasks and costs that are included with the job of homeownership. Landscaping, the servicing of appliances, the upkeep of filters, and heating and cooling system maintenance are all a part of owning a home. If you buy an older home, however, you’re guaranteed to have a few more costs to worry about. If appliances are on their last leg or the roof is nearing the end of its lifespan, you’re going to need to foot the bill for the replacement cost.
A new construction home can have issues as well, but it’s less likely to happen. The problems that happen in a new construction home are more likely to be due to building issues. Newer homes can, however, have a protection of up to 10 years with a new construction warranty.
The Great Outdoors
When you buy an existing home, one of the major perks of it is that the landscaping is mature. There’s no need to plant grass, bushes, and flowers because there’s usually something in place. It’s less of an expense to have something to work with when it comes to landscaping. Trees that have been strategically placed can often add a lot of value to a property.
On the other hand, building a new home can add years to the process of a finished landscape for a home. You’ll need to deal with tedious upkeep and spend thousands of dollars to get the property’s outdoor spaces looking green and beautiful.
Energy Efficiency And Technology
If you buy a new home, you have the advantage of keeping up with the latest technology and energy efficiency standards. New construction homes are usually much more efficient than older homes. In a new home, you also have the advantage of being able to install smart technologies like thermostats and security systems to streamline with construction. These tools make your home more secure and easier for you to manage.
There are a few different advantages to both buying an existing home and buying a new construction home. Your needs and your budget will determine the decision that’s right for you.