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5 Realistic Real Estate Considerations!

5 Realistic Real Estate Considerations!

5 Realistic Real Estate Considerations!
5 Realistic Real Estate Considerations!

1. Market Trends
2. Mortgage Rates
3. Taxes and Insurance
4. Your Lifestyle
5. Home Maintenance Concerns

5 Realistic Real Estate Considerations!

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5 Realistic Real Estate Considerations!

4/7/13 Update: We’ve had some people ask us why we omitted “house maintenance concerns” from the list of realistic considerations when purchasing a new home. We are thankful that you are asking because it is probably why you are looking for this article today. We’ve added this information for you below.

House maintenance concerns can sometimes turn into a nightmare for both your home and your wallet.

It’s important to be knowledgeable about how much it will cost to maintain your house so you don’t overpay for something that will only need repairs every few years.

A healthy roof can save you hundreds of dollars annually in repair costs. Most older homes have leaky roofs, which means they WILL leak moisture onto the floor or into the walls causing expensive damage or mold, which can smell like mildew or even mildew.

5 Realistic Real Estate Considerations!

To prevent mold in the walls, paintings, wallpaper, and other items in your walls you may need to replace, most homes will require repainting every few years.

5 Realistic Real Estate Considerations!
5 Realistic Real Estate Considerations!

Updating your home’s lighting can result in cheaper energy costs and less light pollution at night which will make the room you are sitting in more relaxing. It’s also good for the environment!

Replacing old windows with energy-efficient ones is an easy fix that can pay off huge long-term savings for your wallet while helping your home be more comfortable.

Replacing old heating/cooling systems is crucial to improving your home’s comfort. Regardless of what you are experiencing now, it will be 10x worse when it’s hot or cold outside.

5 Realistic Real Estate Considerations!

You should also consider how much it will cost to maintain the land surrounding your home. Lawn repair, landscaping work, etceteras are all things you have to take into consideration. eventually leading to structural damage that could require the replacement of the entire home.

The sooner you catch a leak the easier it will be to fix it. If you are looking for advice on how to find leaks, check out our article on fixing roofing leaks. It can save you money! The best way to keep costs low is to maintain your roof regularly. If you are interested in having someone inspect your roof, contact your local Roofing contractors or The Roof Pros at 1-866-868-0596. They can help you figure out how often or how long it needs to be maintained and come up with a plan that works with your budget and lifestyle, and most importantly: save money!

When it comes to home maintenance, turn off the water and call a plumber. This can save you thousands of dollars in repairs.

Here are some common signs it is time to call a plumber:

If you see any of these signs or have any questions, contact your local plumber. This will save you money!

4/7/13 Update: We’ve had some people ask us why we omitted “reasons for moving” from the list of realistic considerations when purchasing a new home. We are thankful that you are asking because it is probably why you are looking for this article today. We’ve added this information for you below.

We asked a realtor to share a few reasons people move to give you a better idea of why people buy and sell homes. She said:

5 Realistic Real Estate
5 Realistic Real Estate

5 Realistic Real Estate Considerations!

“To be honest, I can’t think of too many “reasons people move” as it is always for a different reason. If I had to pick the top reason someone would move, I would say it is “family.” Families have been moving from house to house since before recorded history. The only difference is now they have the technology to take their home with them! The other common reason people move is because of job or school. If one spouse loses a job or a position opens up that better suits their career goals, they will usually move.

“When buying or selling a home, people also need to consider how much it will cost them on average every month. A lot of families don’t know how much it really costs them every month on average! I like to think of this cost like car insurance.

5 Realistic Real Estate Considerations!

This gives them the monthly amount they can typically spend on their home expenses. This way they can see exactly where their money goes. Then, they can decide if the value of their home is worth what it will cost them. Most people are surprised at how much they spend on their home.”

5 Realistic Real Estate Considerations!

Homes are not cheap! Understand how much it will cost to maintain your house so you don’t overpay for something that will only need repairs every few years. I’m not saying there aren’t perks to buying a new home, but sometimes people forget about the expenses incurred every day by owning a home. I hope that after reading this article you are armed with enough information to be able to make the best decisions for you and your family.

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