Thinking about moving to a new part of the country or just to a new home? Moving can be quite time consuming and expensive, so ask yourself the following questions to determine if it’s the right move.
1. Why am I moving?
Sounds like a basic questions, but you want to make sure you know the reasoning behind your move and if a move makes sense at this point of time. Are you moving for a career? Then make sure that your job is solid and worth it before you make the leap. Decide what you want to accomplish and think about short and long-term goals.
2. Do I have enough money to move?
Sometimes we get so excited about what’s coming up that we forget about the finances. Unfortunately moving costs money. Besides the purchase price of a home or the monthly rent you might want to hire a professional moving company or get a truck rental and maybe even some insurance.
3. What’s the job & real estate market like in the new location?
Having the desire to live in your favorite city is great, but if the salary for comparable jobs doesn’t match with what you need or want, you might think twice about moving there. This is especially important if you move to a city where the housing market hits record highs.
4. Do I have any family or friends nearby?
Moving into a new city often means leaving family or friends behind. For some of us getting to meet new people and exploring new things feels very exciting. But moving – especially when doing so alone – can also be an isolating experience. If you feel anxious and uneasy when thinking of leaving your family, it might not be the right time at this point in your life.
5. When is the best time of year to move?
If you are renting, the rents may fluctuate depending on the time of year and specific move-in dates might not be available. If you are buying the house hunting process might take longer than you expect and the actual closing could be delayed due to certain circumstances. Depending on where you currently live or where you plan to move to you might want to consider the weather changes as well – no one wants to move during 110°F or snow.
By: Patricia Madigan
If you are currently in the process of buying, you have most likely heard about closing costs (if not make sure to sit down with your Realtor and Lender asap!). For most people those are some miscellaneous fees charged by those involved with the transaction. Closing costs are usually between 2-5% of the purchase price, but your lender will give you an actual estimate of closing costs for your purchase.
Who has to pay what is determined by your purchase contract, the loan type and loan amount and any applicable government regulations.
Let’s have a look at some of the most common fees:
Loan Origination Fee: fee charged by the lender for making a loan to you
Appraisal Fee: an appraiser will come out make sure the value matches the size of the loan amount
Credit Report Fee: you pay to get a report of your credit history
Title Services Fees: you have to pay for a title search to see if there are any liens on the property and you have to buy a Title Insurance policy for your lender to protect them from claims
- Property Taxes: the lender will collect taxes from you as part of your monthly payment and then pay the government
Need more details or are unsure about certain fees? Call us at 602-448-3805 and we will connect you with the right person!
By: Patricia Madigan
Summer – for most people this means enjoying the sun and having fun times at the beach; in Arizona summer equals cranking up the air conditioning and get a bigger electric bill over the next few months. Here are a few tricks to deal with the heat wave:
Make sure to keep direct sunlight from entering your interior. Best way to do that is using different window covering options like curtains, blinds or reflective window panels.
Fans in the room
Fans placed in the middle of the room can be a true friend. One additional hack is to put some ice in a bowl and place it in front of a large fan. This will give you an extra chilly feeling. Although ceiling fans don’t lower the room temperature, they will make you feel more comfortable, so that you maybe even don’t have to turn down the A/C too much. While ventilating fans are helpful to remove moist, warm air during cooking, it is recommended to turn them off once not needed so there’s no cooled air extracted from the house.
Reduce the Humidity
If possible put off doing the laundry and cooking during the cooler times of the day. Instead of using a dryer hang wet laundry on a clothesline or dryer rack as this will not only save you energy, but also cool the air in the room.
Use different Sheets
Natural fibers like cotton, linen, percale or bamboo are helpful when temperatures just won’t go down even at night. Make sure you use sheets and fabrics that are breathable and will wick away perspiration to keep you cool. A thread count between 300 and 400 is recommended.
By: Patricia Madigan
3 Trends to be careful with for Home Renovations
Regardless of whether you’re thinking about your own home or a place that you’re wanting to flip – you want to make sure the house will gain value after investing both time and money into a renovation. Here are 3 points to avoid for successful renovations:
1. Extravagant Countertops
Granite countertops have been extremely popular for quite a long time, particularly among first-time home buyers. One issue with this trend: it’s not always working for everyone, because certain countertop pattern can be an individual choice. Rather, choose low-maintenance countertops that are still long-lasting and easy to clean and pick surfaces that are more neutral which will allow the buyer to redecorate to their own personal taste.
2. Kitchen Trends
We often hear ‘The kitchen sells the home’ and one of the key factor here is not only design, but also practicality. A microwave over the oven might be most common and saves space, however certain arrangements make it harder to access certain items needed. The layout of the kitchen has to be useful and convenient to each family member.
3. Room Modifications
You think you’d rather like to have a bigger living room, so you decide to remove one bedroom in order to create more space. Or you have a big garage that you don’t need and want to make it into fitness room with gym flooring and space for weights and machines. While those are great choices for your own personal needs, many families might prefer an extra bedroom or need a huge garage for their cars and storage. If you don’t plan to live in your home long-term, consider carefully before you convert rooms and additional spaces.
By: Patricia Madigan