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Home Ownership

Essential Tips For Finding The Best Property

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Moving house is always going to be a pain in the backside. You will have so much to think about that you’re almost certain to forget something important. Not only that, but your family will probably add to the stress, especially if you have young children. Even so, you’ll need to find the ideal property first, and that’s where most of the hard work comes into play. Throughout the course of this article, we’re going to present you with lots of tips that could help to make the process a little easier. At the end of the day, the last thing you want is to uproot your family and move into a less and suitable home. Considering that, you should pay close attention to all the advice we’re about to relay.

If this is the first time you’ve moved home as a family, there are lots of different elements you’ll want to think about. We’ve done our best to cover them all in this post. However, you still might like to create a “to-do” list. That is the best way of ensuring you don’t overlook anything, and your moving day goes as smoothly as possible. Whether you’re relocating due to a new job or you just fancy trying something new, the tips below will guarantee you stand the best chance of getting things right.

Choosing the best location

You’ll want to perform a lot of research when looking for a new home, but that’s much easier than it used to be. While you should still visit your chosen area to ensure it’s suitable, you can find lots of useful information online too. Crime rates usually play a big role in determining whether or not an area is suitable. Luckily, the government published regional crime statistics on a quarterly basis these days, and so you can find out everything in a matter of minutes.

Finding good schools

Presuming you have children, you’ll want them to attend a good school, right? Again, league tables are frequently released, and inspection reports are often published online. So, all you have to do is make a list of all the schools in the area and compare them using that information. It might also make sense to arrange appointments where you can take a tour of the school and speak with teachers. That should be enough for you to get a feel for the place. If you have any doubts, simply try somewhere else. It’s usually better for your children to attend schools closer to major cities as they tend to have more money and thus employ the best staff.

Considering your work commitments

When looking for a new home, you’ll want to make sure it’s within a suitable distance of your place of work. Nobody wants to spend more than an hour commuting each morning, and so you should draw a circle on the map of around thirty miles. Any further away than that, and you will be out of the house for far too long each day. Of course, if you’re lucky enough to work from home, that isn’t a problem. Unfortunately, most people don’t have that luxury.

Assessing your requirements

Depending on the amount of people in your family, their ages and their interests, you should aim to find a property that fulfills your needs. If one of your children plays a lot of football, you’re going to want somewhere with a big garden. Likewise, if you have lots of children, you’re going to need somewhere with enough bedrooms. That might sound like an obvious point, but you would not believe the amount of people who settle for somewhere unsuitable just to make the move happen as soon as possible.

Using real estate agents

While you will save some money if you look for a property off your own back, often the best technique involved employing the services of real estate agents. They will do most of the hard work for you. All you have to do is give them a list of requirements and wait until they get in touch with suggestions. Just be warned that agents will want to make the most commission possible, and so they will always try to push your budget as far as it can go. With that in mind, you should tell them you have slightly less money to spend that you actually have. That way, you should stay within your budget, even if they insist on showing you properties that are more expensive than you stipulated.

Advertising on social media

Social networks are fast becoming the best place to sell almost anything. For that reason, you should make a few posts on relevant pages explaining that you’re looking for a new home in your chosen location. You never know; you could find someone comments with details of a property they’re trying to sell that meets your requirements. Stranger things have happened.

Planning the move

Once you’ve found the best property you can afford, the only thing left to do is put in an offer and wait for it to be accepted. So long as the sale goes through, your next worry is the moving process. While some people like to handle the whole thing on their own, professional removals firms like The Professionals could help to make the endeavor much easier. There are plenty of similar companies in your local area, and you can find their details by searching online. The best thing about using a removals firm is the price. Their services are usually very affordable, and using them means you won’t have to lift a finger.

Thanks for taking the time to read through this post guys. We sincerely hope you are now in a better position to find the best property for your family. No matter where you want to live, an ideal home is out there. All you have to do is identify it, and the tips in this article should help you to do that in a timely manner.

Good luck with the move. See you next time!

Home Ownership

Is it time to replace the old boiler?

Yet again the British summer is dragging its heels, with no sign of any prolonged sunshine coming our way anytime soon. Whilst the lack of rays can be depressing, as there’s not much chance of getting to the beach anytime soon, it’s not the biggest problem.

For lots of us the summer brings relief as our gas bills drop dramatically. When you have a monthly outgoing, that for many now stems in to three figures throughout the winter, it’s always nice to see it drop for at least a short while in the summer months.

Sadly, with the daily temperature struggling to hit double figures across the country the heating is still having to go on and no end is in sight. Add to this, the mentality of the major providers, whose only real concern seems to be squeezing as much money as possible out of the public, and you could be forgiven for thinking the only solution is to buy more woollens or emigrate to warmer climates.

Does your boiler need replacing?

Well, all is not totally lost, as you can take certain steps to bring the cost of your heating down a good bit over the cost of an average month. Taking the time to replace your household boiler can save a substantial amount of money over a short period, not to mention reducing carbon dioxide emissions. However, if you are considering upgrading your boiler, it’s important to speak with a reputable supplier such as Help-Link as it’s vital to have it done professionally and for as little cost as possible.

If you’re concerned that your boiler is costing too much to run, the first step is to speak with an expert, as they are in the best position to advise you. There are many different types of boilers on the market and it may be that yours is very dated, or that it is just the wrong type for your property.

An expert will discuss the types of boiler available to you and what advantages can be gained from the various options available. It may be that a combi boiler is the right option, as for many homes, these are the most cost efficient on the market.

Which boiler is the right one for your home?

Or, maybe your water bills are of an equal concern and a water efficient boiler may the right one for you. Energy efficient condensing boilers save money by recycling the waste gas and then reusing it to generate heat and if you don’t currently have one, you could be throwing valuable money down the drain. Either way, it’s important to consult an expert on this, as not every boiler is right for every home.

Another factor to consider is warranty. Some suppliers will offer a very limited warranty, whereas others will offer a guarantee that can last as much as a decade. This is very important, as the last thing you want to do is to end up paying out a few years after having the new boiler fitted.

The one expense you will have when you fit a new boiler is the initial outlay. Two important factors to remember are as follows. Firstly, you may be entitled to a grant which could help reduce the costs considerably, so it’s best to enquire before jumping in head first. Secondly, it may be that you can take out finance and spread the cost of the boiler, so you are not paying out in one go. This can be a great way of paying as you can offset the cost of the new boiler against the savings you are making from reduced outgoings.

It doesn’t seem that the British summer is going to be here anytime soon so you if you are considering a new boiler, it may be more prudent to speak to someone now, rather than waiting until the winter.

Home Ownership

Real Estate Boom in India Reflects a Momentous Growth

Real estate demands have increased manifold in India. The population of India is a vast spread topic of discussion all over the world. With that there has been economic and social growth. Real estate business has also flourished and taken a total different shape altogether. From villages and a few houses in the city areas came in the flat or compound system. Too many developments in the small areas less free space has become a trend. The latest hot cake of the market is high rise sky scrapers. The country saw a sudden bloom in the real estate business just a few years back and now there is no looking back. Malls, office buildings, complex residencies, theme based residencies, theme parks and many such developments have occurred and are still continuing.

Properties in India are now the new investment area. Everyone is interested in investing in these sectors and making significant gains by re-selling them. The prices have been constantly on the rise and even suburbs of all metropolitans are developing in a huge way. Delhi, Mumbai, Kolkata, Chennai, Bangalore and Hyderabad have seen a sharp rise in the prices of properties.

The cost of land is increasing in every part of the country. Owning property has become easy owing to the loan system that the banks are offering. The ideology of the youth is also at a huge turn point in the recent years. The youngsters are earning since an early age with the BPO trend setting in. Some are just completing their higher secondary and getting a job with a pretty good pay role. Their first target becomes to buy a car and then a house. Since the banks give a good EMI scheme, the process also gets easy and affordable. Young parents also want to invest into property to secure a good amount for the future of their children. The real estate business has really blossomed seeing such a good rise of properties in India. Many people are getting into the business as brokers. They earn quite a lump sum with each new buyer.

Nowadays, with the help of the internet one can even go through the developing or developed projects of the country. If you are interested in buying a place in any particular city you can simply log on to the net and search for sites which will help you locate the exact kind of property you are looking for. Everything has been made easily available and at one’s fingertips, owing to the advancements in the world of technology. Selling ones old property gives one a good amount which they can use for further investment or any other purpose. Properties in India have really been the most developing part of the country. The flow of economy is constant and it helps in the inflow of money from other sources as well. The sky-scrapers are coming up in a huge way now and very soon India will see a new phase with such new developments.

Home Ownership

What The Proposed New Mortgage Lending Rules Mean For Housing

When the housing market collapsed from the sub-prime mortgage crisis in 2008, the blame was laid squarely at the feet of banks and brokers who deliberately approved loans they knew were doomed to fail.  In the years since the initial collapse, lending has become much more restrictive as lenders, buyers, and the federal government fight to avoid another crisis.

In fact those restrictions are about to get much stricter beginning in January next year.  The Consumer Financial Protection Bureau or CFPB, which informs mortgage applicants about the terms of their agreements with lenders, wants tougher mortgage lending rules to restrict the volume of new loans in 2014.

The CFPB argues the rules are necessary to protect American households.  Average household debts across the country are near record highs, with a large percentage of those debts tied up in household financing.

But critics believe that the new rules could go too far, and reverse the newfound strength in the housing market after years of stagnant growth.  Americans are feeling confident about their plans to buy homes, but the new CFPB rules could mean as many as 50 percent of current applicants will be rejected by the new year.

A proper middle ground is required.  The US – and the rest of the world by extension, cannot afford to go through another global meltdown similar to the crisis begun in 2008.  This means that restrictions must be in place to prevent the type of sub-prime mortgage lending that led to the housing collapse.

On the other hand, rules that are too restrictive will prevent a greater number of applicants from being approved for financing.  If there are fewer people qualified to buy homes, the housing recovery will stall, if not reverse entirely.  Americans across the country are nearly unanimous in the belief that the housing market is crucial to the economic recovery as a whole – stalled progress on housing could mean another slide in economic stability.

The important thing for policymakers to remember is what Americans have come to learn on their own – balance is essential.  People will continue yearning to own a home of their own, but recognize they must fulfill that dream through a mortgage that is affordable.  Comparing offers from multiple lenders prior to locking in an agreement can help people get the best possible deal without committing to terms that are doomed to fail.

Home Ownership

10 Steps to Take Before You Buy Your Home

Purchasing a home is a complicated and time-consuming process, and staying on track is important. Proper planning will make the process go more smoothly and ensure that you end up with the best house possible. Putting in some work before you make an offer can also save you some serious cash. Here are 10 of the most important steps to take before you purchase a new home.

1. Sell Your Current Home First

If you already own a house, consider selling it or renting it out before looking for a new one. Doing so will save you the trouble of making two complex transactions at once. Selling before you buy will also make it easier to determine an appropriate amount for your down payment. 

2. Find an Agent

Even experienced home buyers can benefit from the services of a professional real estate agent. Agents have access to information on neighborhoods and other industry buzz that can help you find the best home possible. They can also navigate the tricky negotiations process to get you a low price with plenty of perks.  A great agent has attended a reputable real estate school and understands the in’s and outs of most deals.

3. Decide What You Want in a Home

People purchase homes for a wide variety of reasons. Figuring out your family’s specific priorities will help you to narrow down your search by eliminating homes that fail to meet all of your requirements. 

4. Check Your Credit History

Obtain a copy of your credit history as soon as possible, especially if you plan on getting a mortgage. If there are any dings or errors in your credit report, try to clean it up as much as you can before you start the mortgage process. 

5. Find a Lender

When seeking a mortgage, compare the rates of different lenders and keep an eye out for programs that cater to your specific situation. Focus on finding a mortgage program with low interest rates and lender fees. 

6. Pre-Qualify for a Mortgage

To make an offer on a home, you will first need a pre-qualification letter from a lender proving that you can afford the mortgage. The pre-qualification process involves a cursory review of your financial situation. Pre-approval is much more extensive and provides a better estimate of your financial capabilities. Pre-approved buyers are generally preferred over pre-qualified buyers.

7. Save Money for a Down Payment

Although the Federal Housing Administration allows payments as low as 3.5 percent, try to make a down payment of at least 20 percent of a home’s contract sale price. A higher down payment will lead to lower mortgage payments and may also reduce your interest rates.

8. Start Researching Neighborhoods

Before you consider buying a house, make sure you know as much as possible about the surrounding area. Search online for information like crime statistics and transportation options. Even if you do not have children, look for an area with good school districts as this will boost the value of your property. 

9. Have the Home Inspected and Appraised

Hiring a professional home inspector is the best way to avoid costly repairs in the future. You will also need to determine the market value of the house and provide your lender with the information. Keep a copy of the appraisal for your records. 

10. Purchase Homeowner’s Insurance

Most lenders will only finance your real estate transaction once the property is fully insured. Homeowner’s insurance is often expensive, especially in areas that are prone to natural disasters like floods and earthquakes. Make sure you shop around to find a good deal, and see if your car insurance company will let you add a home insurance plan at a discounted rate.