The millennial generation is entering a job market and economy that comes with its own set of challenges. The Wall Street Journal reports that, “The financial crisis exacted a heavy toll on the generation of Americans now entering their 30s. Facing difficult job prospects, little-to-no income growth and a historically unprecedented level of student loans, their finances are in a more precarious state…” At the same time, this younger generation is empowered by technology and motivated by a strong desire for more freedom in their daily life.
Most house hunters have a clear vision of their dream home. A gourmet kitchen. A yard for the kids. Lots of natural light. But how often is equal consideration given to the finer details of the location? How do you evaluate a neighborhood to determine if your dream home is truly in your dream location? Here are 5 ways to figure out if a neighborhood matches your lifestyle and investment goals.
We all know that in the long run, owning a home is typically a sound investment. But, with home prices rising does it make sense to buy now? I started contemplating this question after a recent conversation with a friend. She and her husband purchased their three bedroom, two bathroom home in 2005, then sold it by short sale in 2010. They moved into a more spacious four bedroom, three bathroom rental in a nearby town. It had everything they wanted; lots of living space, a great school district, fantastic neighborhood, and an awesome location close to the city’s downtown.
Can we afford this home? It’s a question that many buyers ask themselves when walking through a home. If you are like me, you go to open houses “just to look.” You may get design ideas, imagine yourself and your family enjoying the yard, cooking in a completely remodeled kitchen, or sitting around the fireplace on a cold evening. Although I am a practical person who is financially conservative, I LOVE looking at homes, even the ones I am not sure I can afford.
On January 1, 2014, a new California law went into effect – California Civil Code §841. The law concerns replacement and maintenance of shared fences, boundaries and monuments.
Four Tips for Avoiding Surprises at Closing
The closing date marks the official end of the home search and buying process. It’s an important day worthy of celebration. On this date buyers complete paperwork, submit all required documentation, pay fees and make first payments, all leading up to the moment of truth – when keys are finally handed over! So how does such an exciting, highly anticipated moment become so stressful?