Not all home purchases are perfect and stress-free. Some transactions have flaws that, at some point, have made the buyers think twice about the purchase. You can use their experiences and learn from their home-buying mistakes. Here are some of the most common mistakes you should avoid.
Qualifying for a Big Loan Amount
A lot of home buyers get tempted to take out a home loan that they qualify for without realizing that they can’t afford it. Just because you qualify for a certain loan amount doesn’t always mean you can easily pay it. When deciding on a home to buy, consider the loan amount you believe that you can actually afford paying. That will save you from financial trouble down the road.Read More »
Real estate properties located along the oceanfront, such as those at Myrtle Beach, are often prime properties. There’s a certain charm about oceanfront properties that attracts buyers and investors, since they allow owners to be closer to the ocean and its picturesque views. If you plan to invest in oceanfront properties, go with condos. These offer the additional advantage of not having to worry about maintenance and upkeep.
Factors in Choosing a Condo
Before investing in an oceanfront condo, you must first know the factors involved in choosing among the numerous properties around the Myrtle Beach area. First, you’ll want to have a condo unit that’s located three hours or less from a major market. Moreover, if you travel a lot, you should opt for one that’s near the airport so you can spend more quality time with your family.Read More »
2014 saw a rise in the number of millennials buying their first homes, and according to the 2015 National Association of Realtors Home Buyer and Seller Generational Trends study, they actually comprised the largest percentage of homebuyers last year at 32 percent. Looking at this current trend, there are quite a few reasons why millennials have been opting to buy houses.
Rising Rent Costs
In a recent study by the National Association of Realtors, the gap between rent costs and income is becoming unsustainable, with rent increasing by as much as 15 percent over the past five years and renter income increasing by only 11 percent. Most people, particularly millennials, are finding it hard to keep up with the rising rent costs and so opt to pay a fixed monthly payment for a house.Read More »
If you’re looking to get in on the highly profitable industry of real estate, buying properties to rent out would be a good place to start. As a landlord, you will be able to collect a steady income from this investment venture. If you are planning on investing, you need to be prepared for all the risks involved. The following pointers can help you make a successful investment.
Location, Location, Location
You don’t have to look at very high-end places nor at areas with the cheapest prices. What you need to do is find a place where people actually want to live in. Big cities are often the best choice when it comes to location, since there are many job opportunities, attractions and schools to be found. Read More »
Living in a beach front property can mean exciting daily activities such as swimming, fishing, sunbathing and all other things you and your family and friends will surely enjoy. Before making a purchase decision, however, here are some things you have to consider:
Home inspections. Beachfront homes, due to their location, are typically more exposed to weather elements such as the corrosive, salty air than their average counterparts so they require extra care. During inspection, check if the home is built sturdily enough or if you can afford any necessary repairs. Find a qualified home inspector who can point out hazards for better safety.Read More »
The serene sea, the sound of the waves kissing the shore, the smell of sea water, the marvelous sunsets and sunrises—these are some of the wonderful things associated with waterfront living.
In spite of this, some may not consider a beach house as an option due to maintenance and insurance concerns. If this is true in your case, you may consider purchasing a condo, instead. Here are some reasons why a condo would be a good option for a waterfront property:
You won’t have to maintain your own boat dock/pier since many waterfront condos have their own. Some even have private beaches, hot tubs, and pools for their residents’ exclusive use. Having access to these amenities makes the entire cost of condo living less expensive than that of a home.
Less Upkeep Requirements
Owning a waterfront condo means you can enjoy more time on the water–fishing, boating, crabbing, and sunbathing–instead of spending a day fixing up or cleaning your home as a result of wear and tear, or unfavorable weather. Read More »