What’s Old Is New Again: Why Townhouses Are the Latest ‘It’ Homes

Source: Realtor.com (Lew Sichelman)


Recent waves of outside-the-box ideas in housing have brought us teeny-weeny homes, converted shipping containers, prefab modern palaces, and co-housing apartments with luxe perks for millennials.

But the latest “it” homes with builders and buyers have actually been around since the 19th century.

Townhouses, those classic rows of attached single-family homes that are a fixture in American cities and suburbs alike, got a second wind in the 1960s. That’s due to folks scooping up these existing, and often inexpensive, older abodes as they moved back into the big cities. And now the lovechild of a condominium and standalone house is back again and hotter than ever with both buyers and builders.

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Common Questions from First-time Homebuyers

Source: HUD.gov

  1. Why should I buy, instead of rent?
    • Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are. Continue reading

Selling Your House Before an Interest Rate Hike?

Source: www.investopedia.com (Melissa Parietti)

As interest rates rise, the affordability of a new home purchase decreases while currently held adjustable rate mortgage (ARM) payments increase. Mortgage rates are based on national interest rates, and current rates are very low relative to where they were during prior to 2013. The low rates are due to a federal interest rate of 0.25% that has held in place since 2008. In September 2015, the ARM Index released by the Federal Housing Finance Agency (FHFA) showed an index rate of 3.93%.

Recent increases in home prices signal that there may be a higher demand for homes that wasn’t present before. If mortgage rates increase after all-time lows, indecisive home buyers may be persuaded to sign for mortgages to take advantage of current low rates in light of future higher rates.

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What’s Considered ‘Normal Wear and Tear’ in a Rental?

Source: www.realtor.com (Natalie Way)

Red wine spilled on a beige carpet.

The one thought on every renter’s mind on move-out day (aside from “How the heck am I going to get this sofa through the front door?”) has to do with the security deposit. Will you ever see that money again?

According to most leases, your only hope is to return your apartment in the same condition as when you took possession, beyond “normal wear and tear.” Still, though, this raises the question: What exactly is normal wear and tear, and what crosses the line?

Read on to learn just what you need to fix, and what you can let slide.

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How a Home Appraisal Can Make or Break Your Mortgage

Source: www.realtor.com/advice (Daniel Bortz)


Buying a home often requires some serious haggling between buyer and seller to arrive at a price they’re both willing to accept. But even if you reach an agreement, the negotiations may not be over. If you’re a buyer who needs a mortgage, most lenders will require a home appraisal. So that means you’ll need to get one more opinion on how much the property is worth.

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How to Keep Moving Quotes From Spiraling Out of Control

Source: www.realtor.com/advise (Margaret Heidenry)


Long before you start packing, the monumental task of moving to a new home all starts with your going online or picking up the phone to get some moving quotes. These estimates give you a ballpark figure of how much you’ll pay to safely transport all of your prized possessions, but like all estimates, they can be off base. Waaayyyy off base.

To help you keep a lid on your moving costs, we called on moving experts to share how you can get the most accurate estimates so you don’t have to worry about last-minute surprises on your bill.

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How To Prepare Your House For Sale

Source: www.thebalance.com (Elizabeth Weintraub)

woman cleaning windows with mitt

Prepping and staging a house. Every seller wants her home to sell fast and bring top dollar. Does that sound good to you? Well, it’s not luck that makes that happen. It’s careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home.

Difficulty: Average

Time Required: Seven to 10 Days

Here’s How:

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