Homes of New Hampshire Realty



Posted by Homes of New Hampshire Realty on 8/23/2017

One of the requirements of buying a home is for the buyer to provide a down payment equal to somewhere between 3 and 20% of the price of the home being purchased. The reasons behind a down payment may have seemed a bit arbitrary up to this point. Home buyers know they need a down payment, but just how important a down payment is can often be overlooked. Once itís all explained here, it will make a ton of sense to all first-time home buyers. Why Is A Down Payment Important? The larger the amount of the down payment that you can provide, the better it will be for your home loan status. The amount of the down payment provided will affect the type of loan that you get the and amount of the loan that you get for the house you buy. For any down payment that is less than 20% of the purchase price of the home, youíll need to get PMI (private mortgage insurance). A smaller down payment may also mean that less of the closing costs will be covered up front. This is definitely something to look into because long term, it may not be a wise decision financially. Think of the down payment as the foundation of the biggest purchase youíll ever make. Check Your Finances If youíre not able to save up for a down payment, it may not be the best time for you to buy a house. The mortgage process makes you take a step back and really check out your finances. Buying a home is a huge financial commitment. If youíre unable to save properly for a down payment, you may not be ready to commit to buying a home. If you havenít been able to save up enough for a down payment, you may not be financially ready to buy a home. Itís a great way to take a look at your financial health when youíre thinking about acquiring a mortgage. A small down payment means that youíre eligible for fewer types of mortgages. Typically a down payment of 5% or less limits you to only a few different kinds of mortgages. This is important to keep in mind when planing your financial future. Also, keep in mind that the larger the down payment, the more keen lenders will be on actually granting you a loan. Renting Could Help You In The Long Term The thought of continuing to a rent over buy a home could be stressful for you. In the long term, however, itís much better to continue paying rent than to risk losing your home due to foreclosure. Being unable to make mortgage payments is a serious thing. The entire process of buying a home starts in acquiring for the down payment.




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Posted by Homes of New Hampshire Realty on 8/16/2017

Thereís a lot that goes into the process of buying a new home. Buyers often think that once the closing process in complete they can move their stuff in and things will go back to normal. But they are often caught off guard throughout that first initial year by maintenance tasks. Tasks that they could have been prepared for at the beginning if only they had known. So today I want to talk about how to stay one step ahead when you first move in to avoid surprises months later or worse years down the line. For the most part, these should each take you all of ten minutes a few times a month.

Be sure to write in reminders on your calendar for monthly maintenance and annual inspections to stay on top of any issues that may arise. Maintenance is key to good homeownership. Youíll save money in the long run as you find and repair issues when they are still minor. Youíll be so glad you didnít find out the hard way - by a burst pipe or major crack in your foundation.

Speaking of maintenance and saving money, wait to invest in top to bottom renovations, especially those that are purely cosmetic. Buying a new home is a large investment and most families need time to bounce back financially from the buying and moving process. Funnel what finances you do have towards initial repairs that will need to be made. And since you no longer have a landlord to depend on when repairs need to be made it is wise to start building an emergency fund for future home repairs.

For initial repairs that will need to be made be sure to hire professionals to take care of any and all that are technical. Donít try to fix repairs yourself that you arenít qualified to do. And no a Google search isn't enough to qualify you to do electrical or plumbing work. Youíve just made a major investment. So ensure to protect that investment for years to come by having things done the right way the first time. This also saves you money in the long run from having a professional come to undo your mistakes and set it up the right way. Or worse, from medical bills.

Keep a binder to track and save receipts for all home improvements. Doing so will help you to maximize your tax-free earnings if and when you decide to sell your home. And while the line between home improvements and repairs can get vague in some areas itís best to track everything. Invest in an accountant, especially for your first year of homeownership, to help you sift through these receipts and maximize your returns. This binder will also come in handy for years to come. Youíll be able to refer back to when you purchased a new water heater or last had a home inspection done, for example.

Invest in sufficient home insurance. Not all basic plans include fire and flood protection. You will also need life insurance policies if you have dependents. This will ensure that if anything were to happen to you, your dependents would gain ownership of the house. And since you now own a large asset it is wise to ramp up your car insurance policy.

Donít get caught off guard. Take 10 minutes a few times each week after youíve closed on your house to set up these appointments and systems. For such a small amount of time, they have major pay off. And come tax season or time to make a repair youíll be so glad you did.





Posted by Homes of New Hampshire Realty on 8/9/2017

Have you found the home of your dreams but are overwhelmed by the price tag? This is a no-win situation that challenges even the most patient, resourceful homebuyer, and perhaps for good reason. Finding the perfect home may take days, weeks, months or years. And if you discover a residence that meets all of your needs but falls outside your budget, you're likely to be tempted to overspend to acquire this residence. However, you'll want to take a step back and think carefully about your decision, and those who weigh the short- and long-term ramifications of their decision ultimately will be able to make the right choice. Furthermore, you should consider the following factors as you try to resist the urge to overspend on a house: 1. Your monthly mortgage payments Although you may be able to handle a higher monthly mortgage payment in the short-term, you'll want to think about your long-term plans before you finalize your purchase. For example, do you plan to raise children? Or do you anticipate a career change over the next few years? You'll want to consider any plans that could impact your budget and determine whether you're ready to handle your monthly mortgage payments both now and in the future. 2. The quality of the home Although your dream home likely is of the highest quality, you'll want to ensure this residence won't require any immediate improvements. The quality of the home will dictate whether this residence will require substantial short- and long-term maintenance and repairs. And if you find there are many home improvement projects that may need to be completed soon, you may be better off considering other homes on the real estate market. 3. Your wants and needs Ideally, you'll want to find a home that fulfills all of your wants and needs instantly. But in today's highly competitive real estate market, only a fraction of houses may come close to meeting all of your demands. Differentiating between your wants and needs, however, is critical, as this will allow you to distinguish what you need to enjoy your home versus what you'd like your home to include in a dream scenario. For instance, your home needs electricity, running water and other everyday essentials. On the other hand, you may want a home with a pool, a spacious back yard and other distinct features, but you should not rule out homes due to the fact that they lack some of these non-essential amenities. Take a close look at your priorities and your budget, and you'll be able to make the right compromises to find a home that won't require you to break your budget altogether. Remember, your home is what you make it, and overspending to acquire a house may leave you satisfied in the short-term but struggling to pay your bills over an extended period of time. Make the right compromises as you explore the real estate market and set realistic expectations for the houses you check out. By doing so, you can improve your chances of finding a high-quality residence that meets your personal and budgetary needs.




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Posted by Homes of New Hampshire Realty on 8/2/2017

Ready to add your house to the real estate market? Before you list your residence, it helps to take plenty of high-quality photos both inside and outside your home.

Ultimately, home photos can make or break a homebuyer's first impression of your residence.

For example, if your home listing includes photos that show off the true beauty of your house, a homebuyer may want to check out your residence in-person. Or, if home photos make your house look small and cluttered, a homebuyer may shy away from your residence altogether.

Don't let bad photos affect your ability to sell your house.

Now, let's take a look at three tips to help you get your house ready for a photo session.

1. Clean Your Residence

A beautiful home is likely to stand out to homebuyers. Meanwhile, if you clean your residence from top to bottom, you can get your house photo-ready in no time at all.

Mop the floors, wipe down the walls and ceilings and perform assorted home interior cleaning. Also, don't forget to mow the front lawn and complete various home exterior improvements.

If you need help with home cleaning tasks, you should contact a professional home cleaning company. With a professional home cleaning company at your side, you can receive expert support as you prep your residence for a photo session.

2. Declutter As Much As Possible

Although your home may be filled with assorted artwork, antiques and photographs, now may prove to be the best time to declutter as much as possible.

Too much clutter can make your house appear tiny. However, if you dedicate the necessary time and resources to declutter your house, you can show homebuyers the true size of your house.

If necessary, you can rent a storage unit to hold your excess items. Moreover, you can always reach out to family members and friends to see if they can store your excess items in their residences until you find a new place to live.

3. Consult with a Real Estate Agent

When it comes to real estate photography, it pays to work with a housing market professional. Lucky for you, many real estate agents are available in cities and towns nationwide who can help you get your house ready for the real estate market.

A real estate agent can assess your residence and offer recommendations to help you improve your house's appearance. Plus, he or she can put you in touch with the best professional real estate photographers in your area.

Let's not forget about the support that a real estate agent can provide throughout the home selling journey too. A real estate agent is happy to set up home showings and open houses, negotiate with homebuyers on your behalf and do everything possible to help you maximize the value of your residence.

Use the aforementioned tips to get your house ready for a photo session Ė you'll be glad you did. Thanks to these tips, you can move one step closer to getting the best results from the home selling journey.





Posted by Homes of New Hampshire Realty on 7/26/2017

There are several undeniable benefits to having an occasional garage sale on your property, but there's a lot more to it than just setting out a few unwanted items in your driveway and raking in the cash. If you're an entrepreneur at heart, then holding a garage sale should be second nature to you. Good organizational skills and a basic knowledge of advertising is helpful, as is the ability to do a little friendly negotiating. By adopting the mindset of a small business owner, you'll tend to be more effective in dealing with the many details of planning and running a garage sale. From putting up signage and doing advertising to handling customer relations and merchandising, knowing the basics of business marketing will definitely be to your advantage. If you've never held a yard sale before -- or if you could use a quick refresher course -- here are few helpful tips:

  1. Cost-effective advertising: While cheap classified ads can help draw a bevy of eager bargain hunters to your home, you can also get a lot of mileage out of free forms of advertising. Garage sale signs, which can be purchased cheaply at any hardware store, can attract dozens of potential customers. In addition to posting a sign directly in from of your house, other good spots are nearby intersections and street corners. Handmade signs can sometimes work, but they have to legible, easy to read, and rigid enough to resist wind and moisture. Other free methods of advertising include flyers, posting announcements on social media, and taking out free ads on Craigslist.
  2. Preparation and presentation: When the day of your garage sale arrives, you need to be organized, prepared, and ready to welcome your first customers early in the morning. Publicizing the hours of your sales event is a necessary part of the planning process, but don't be surprised if you see a few cars starting to pull up before you've finished carrying all your items out to your driveway. Garage sales always attract hard-core bargain hunters who do not want to miss a single item. In all likelihood, the first few hours will be the busiest, and attendance will probably drop off in the afternoon. As far as preparation, getting all your items set aside and labeled (priced) the night before will help avoid last-minute stress, awkward delays in getting started, lost sales, and impatient customers. Display tables are optional, but will make it easier for people to browse your sale items.
  3. Time investment: While some families devote the entire day -- or even the whole weekend -- to their garage sale, others limit the event to four hours on a Saturday or Sunday morning. A lot depends on your patience, how fast your items get sold, and whether you have any plans for the afternoon. At a certain point, you'll start noticing diminishing returns on your time, so you might decide to wrap things up and count your money around noon.
Holding a yard sale can be a great way to make some extra money and get rid of household clutter, but be prepared to devote time and energy to the event -- before, during, and after. Mother Nature can also be a factor in the timing of a garage sale, so keep an eye on the forecasts and reschedule if the weather doesn't cooperate.




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