Start Your New Home Search with These 5 Tips

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You may be outgrowing your current home, looking to downsize due to an empty nest, or just in the market for a new home and now is the perfect time with the current state of low mortgage interest rates. Be sure to consider these 5 things when starting your new home search.

1. What is Your Price Range?

It is not a question of how much you want to spend, but how much you can afford. Assess all of your finance options beforehand to know exactly what mortgage rates and monthly payments would look like before you purchase. You may be able to take on that $2000 mortgage, but is that cutting it too close and not leaving enough breathing room per paycheck for unexpected costs? Set your budget before looking, know your down payment limit, and resist the temptation of a pricier home with which your realtor will try and sway you.  

2. Is Building the Better Option?

Great mortgage rates can also result in bidding wars and minimal housing options for sale. When everyone is wanting to buy, it can be hard to get into a home at a fair price. Though an existing home allows you to move sooner, if you have the time, it may be a better option to consider building your own home.

The option of building your own home can cost just as much as purchasing an existing home and if home inventories are low, could even cost you less in the long run due to not having to outbid other buyers. Building your own home allows you the control to determine the style of home you want, the square footage you need, and even lets you decide the fine details down to paint colors and granite choices which you don’t get with an existing home purchase.

3. Will This House Meet Your Current and Future Needs?

Are you planning to have more kids while you live in this house? Are you considering opening your own business which requires a home office? How will the purchase of this home affect your commute? Make sure that the home you choose not only fits your current needs, but will be flexible enough to meet yours and your family’s future needs.

4. Equity

Not only do you need to consider the amount of money you are spending on the home, but you also want to think about its potential return on your investment. Equity in a new home can be a great asset and when done right, your home can be a great investment. Do a proper cost-benefit analysis before purchasing to ensure that you won’t be putting more money into the home than what it is worth and whether you plan on staying long enough in the home to grow profit from your investment.

5. Quality of Workmanship

Whether you are purchasing and already existing home or building with a local company, be sure that you are getting a quality-built home. Though a home may not cost a lot up front, if it was built too quickly while important structural factors were overlooked, you may be paying a lot more in the long run due to deterioration. Always find out who the builder was and the year it was built to compare other structures by the same company and read customer reviews.  

8 Signs That Now Is the Time to Invest in a New Home

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You’ve thought about buying a new house but how do you know if you’re ready?

Here are eight signs that now is the perfect time to make the investment. If you answer in the affirmative to at least one of these reasons, then you should seriously consider becoming a new home buyer. Your family will thank you for it!

1 – You Are Tired of Throwing Your Money Away

Renting? Then you are just throwing out your hard-earned money. Instead, invest into your own property and reap the financial rewards.

2 – Your Kids Don’t Have a Safe Place to Play Outside

If you have young children, you know how important it is to have a safe outdoor play space…for sanity’s sake! Purchase a home with a nice enclosed backyard and you will never regret it!

3 – Your Dining Room Is Overflowing with Guests

Do you want to entertain frequently or have regular house guests but don’t have the square footage to accommodate them? If so, you may want to consider purchasing a larger home that will become the perfect gathering place for friends and loved ones.

4 – Costly Maintenance Repairs or Upgrades are Threatening Your Wallet

A new roof can cost $20,000. Adding a bathroom can set you back $40,000. Completing a major kitchen remodel can easily add up to $56,000.

Is your current home really worth the high expense and headache of major maintenance repairs or needed (and desired) home upgrades? If not, then it might be time to forego all of that hassle and instead invest in a beautiful, newly built home.

5 – You are Ready to Expand Your Family

Is baby #1 (or #4!) on it’s way? Is it time for grandma or grandpa moving in with you? In either of these scenarios, a new home with another bedroom or a mother-in-law suite is just what you could use right about now.

6 – Your Commute is a Ruling Your Life

No one wants to spend an excessive amount of time commuting to and from work every morning and every evening. If you spend too much time in your car or on public transportation and are missing out on more important things, it’s time to move into a new home that is much closer to your office.

7 – You are Ready for a Change in Scenery

Maybe you live in a city and want to move to the suburbs. Maybe you want a scenic view. Maybe your neighborhood just isn’t what it used to be. Whatever the reason, a change of scenery can be a good thing. If that’s what you need, it might be time to look for a new home in a fresh location.

8 – You Want to Stabilize Your Family’s Future

Homes steadily appreciate in value over time, is an asset, and can be used as collateral on an important loan. Also, once it’s paid off, it remains in your family indefinitely. Purchasing a home is a solid investment for your (and your family’s) financial future.

 

5 Holiday Decorating Tips for Your New Home

5 Holiday Decorating Tips for Your New Home

For new homeowners, figuring out how to decorate a new space for the holidays can be fun and overwhelming all at the same time. While you may feel like what you already have on hand is out of date, we know that buying all new holiday decorations might not be an option. At Holmes Homes, we’ve put together a few holiday decorating tips for new homeowners that will help to make your new home feel stylish AND cozy all season long.

1. Pick a Color/Theme

Find a theme and stick with it. Whether you love earthy neutrals, glittery silvers and golds, or traditional reds and greens, try to keep your holiday décor somewhat consistent. When decorating your new home with a specific color palette or style, everything will flow together more naturally.

2. Keep it Simple.

Choose one or two areas of focus and decorate with a few classic pieces. Whether it’s your front entry or fireplace mantel or both, find or use the decorations you love most and display them. If you decide to buy new holiday décor, start small. You can always add more to your collection with every new season.

3. Freshen Up Old Decor

If buying new holiday décor isn’t in your budget, get creative and freshen up some of your old favorites. Grab some spray paint from a local craft store and change up the look and colors of your decorations to make them more current. You can add new ribbons and bows, berries and greenery sprigs, or even glam things up with a little (or a lot of) glitter!

4. Use Winter Flowers and Fresh Greenery

Another great option for holiday decorating as a new homeowner is using the beautiful and fragrant flowers and greenery available this time of year. Large poinsettias look gorgeous when transferred into a festive pot and are big enough to fill those empty spaces you aren’t sure what to do with. Using fresh greenery on your mantel or along staircases is always a lovely addition that brings the fabulous smells of winter indoors.

5. Ornaments, Candies, and Jars

There are so many fun and different types of holiday décor. Large jars of all shapes and sizes can be filled with fun candies or ornaments. Candy canes, peppermint sticks, large glittery balls or even tiny ones, can all be placed in jars and grouped together to make a fun statement. You can roll with the candy theme and put candies in your tree, fresh greenery or garlands, and more!

6. Go Eclectic

If you love the holidays and have the mentality of “the more décor the better,” go for an eclectic look. Group styles together throughout the rooms in your house, or mix and match. There is no wrong way to decorate your home!

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