Some surveys report that up to two-thirds of first-time homeowner hopefuls indicate the funds needed for a down payment is their biggest obstacle to ownership. There are several programs available that offer reduced down payments as low as 3%. The current median sales price in the Indy market is $195,000, bringing a 3% down payment for an average home to $5,850. Add in another estimated 2% for closing costs, and you're up to $9,750 out of pocket. Based on the median household income in Marion County, that's about 2.5 months of income you would need to purchase your first home. The way around … Continue reading...
Planning for 2020
If your goal is to become a homeowner, upgrade, or downsize in 2020, start researching now. Things to Consider Real estate transactions are a big deal. To start planning out your purchase, consider these things: Budget Location Space Once you have an idea of how much you can afford, where you want to be, and the amount of space you need, take a look at the recent sales that match your goals. This will help you figure out if your goals are aligned with the current market. (And keep in mind that last year's prices will likely be a little higher next year.) Should you find … Continue reading...
Buying vs Renting? What is better for you?
Home ownership is the "American Dream," right? Owning a place to call home, being able to paint the walls purple if you like, that's what everyone wants. Isn't it? The reality is there are pros and cons associated with buying a house. Understanding them can help you make the best decision for your goals. Pros for buying: This may seem obvious, but there are 3 main reasons to buy a home. Financial Advantages - A home is an asset which should appreciate over time, providing wealth building opportunities. Pride of Ownership - s a homeowner, you can control the environment in which … Continue reading...
Affordable DIY Home Updates
Winter is here and it's clear that the weather outside is frightful! Sucky weather is a great excuse to stay home and get some things done around the house.. Or to find a new series that's three seasons deep to binge.. No judgment here either way. But, should you decide to spruce up the place, here's some quick ideas you can tackle over the weekend: Create a Grand Entrance – Your front door is the first thing you guests see when they come by. This weekend, give your entrance a fresh look. Add a pop of color to your front door or porch with contemporary paint colors - Classic Blue was … Continue reading...