Buying a home is one of the most important decisions and most expensive investments most people will ever make. To finance a home, lenders such as banks offer mortgage loans that allow home buyers to spread out the cost of the home over many years while making agreed upon monthly payments of principal and interest. The interest rates charged on mortgages can vary widely over time, affecting the overall cost of those monthly payments. What causes mortgage interest rates to go up and down?
Topics: Home Investment
Ever bought something only to realize later that you didn’t need it or like it after all? Usually, returning it is as simple as finding the receipt, boxing it up, and taking it back to the store (or returning it to Amazon) for a refund. Unlike most purchases, however, buying a home is “final sale”. You don’t get to take it home and try it on, or change your mind after 30 days, which makes the decision to buy even more stressful.
Topics: Building New Home Tips
While technically it’s still fall, lately it has felt as if winter has descended upon southeastern Michigan early this year! The early snowfalls and freezing temperatures mean it’s time to start getting your home ready for the winter weather. While many of us would like to simply turn the thermostat up until we’re comfortable, that’s generally not the most efficient (environmentally or economically) solution. Here are a few easy ways to save on energy (and electric bills), while still keeping your home nice and warm:
Building a new home is filled with so many exciting opportunities! Opportunities to choose the style of your new home, design the floor plan, make the selections, decorate the rooms, and . . . . the opportunity to overspend! Don’t get caught in some of the common traps plaguing many new home buyers.
Multigenerational households have seen a sharp increase in the U.S. over the past 10 years. Initially spurred by the Great Recession of 2007-2009, the number of multigenerational households continues to grow today. In 2016, a record 64 million people, or 20% of the U.S. population, lived with multiple generations under one roof, according to the Pew Research Center.
Selecting the right home builder for your needs and the type of new home you want is one of the most important decisions you’ll make in the new home buying process.
Fortunately, with a little time and research and using these 10 tips, you can rest assured that you will find a quality builder who’s the right match to construct your new home.
Why Canton Michigan? The better question is: Why not Canton, Michigan? Looking to move? Canton, Michigan should be at the top of your wish list, because as we all know: location, location, location is the most important factor when buying a new home!
Topics: About the Canton Area
We all know that humidity can affect our skin, hair, and overall health, but did you also know that it can affect the health of your home? First, we will discuss what humidity is and what impact it can have on you and your home when it is too low or too high. Then we’ll talk about what you as a homeowner can do to control humidity in your home.
In many respects, financing a new construction home is much like getting a mortgage to purchase a resale home. There are, however, some additional financing opportunities that apply to new construction homes, which do not apply to the purchase of existing homes. For example, the construction loan and bridge loan. These can be used to fund the purchase and construction of a new home before the sale of your current home. Let’s look at each type of loan separately:
If you’re thinking about building a new home, you know one of the most exciting parts of the process is designing it! So you'll probably want to know what’s trending in new home design for 2018. Today we will focus on a number of new design trends for bathrooms from colors, to finishes, to countertop materials.
Topics: Home Design