Harold (Buddy) Pope | Francestown Real Estate, Amherst Real Estate, Hancock Real Estate


Many factors come into play when determining whether you can afford to buy a house. Since the monthly rent for an apartment is often close to what a mortgage payment would be, you can't help but wonder if your rent money would be better spent building equity in your own home.

While this is often the case, first-time home buyers often underestimate or overlook expenses that accompany home ownership. Although a mortgage broker or bank loan officer can help you calculate the maximum mortgage you can afford, here are a few tips to keep in mind as you weigh your options.

  • Create a detailed budget. By taking the time to figure out how your income stacks up to your monthly expenses, you can get a clearer picture of your financial situation. If you have a good credit score, a positive monthly cash flow, and enough funds to pay closing costs and a down payment, then home ownership may be a viable option. (Your credit score, which you can obtain once a year for free from the three main credit reporting companies, will have a major impact on both your interest rate and your monthly mortgage payments.)
  • Factor in other expenses: Figuring out your current budget is relatively easy, but predicting your future budget as a homeowner can be a lot more challenging. A big part of the equation will depend on the amount of property taxes and school taxes that will be tacked on to your mortgage costs. A real estate agent can provide you with those figures, as well as other information you need to calculate how affordable it would be to live in a particular house. They have access to a wide range of relevant information, such as utility expenses, water bills, and homeowner association fees (if there are any). Since property taxes sometimes cover the cost of services like garbage and yard waste collection, you may not have to factor in those items into your projected budget. Your real estate agent can help you come up with a rough estimate of home maintenance costs -- especially if they're familiar with the history of the home you're considering buying. As the process moves forward, a property inspector can provide you with more details about the condition of the home and whether any costly repairs are likely to be needed soon.
  • Home maintenance and furnishing costs: Other possible expenses to consider when estimating the cost of home ownership include yard maintenance, landscaping, HVAC service calls, electrician services, plumbing repairs, and homeowners' insurance. If you're a first-time home owner, there's also a good chance you'll need to buy some furniture to fill out those additional rooms!
  • Buying your first home definitely takes a lot of planning, budgeting, and research, but the rewards of owning your own home will more than justify the effort!


    598 Red House Road, Francestown, NH 03043

    Single-Family

    $425,000
    Price

    4
    Bedrooms
    12
    Rooms
    2/2
    Full/Half Baths
    Someone opened up a can of "historic wonder" and sprayed it all over this house and MAGIC, in the blink of eye, several generations dating from the mid 1700's now give blessings on this house sale for the select buyer. Very well maintained over the ages and very close to its original state. (minus a bathroom here and there, of course!) Take a breathtaking trip through history, a very pure and well maintained historic, center-chimney Colonial with large rooms, nice stenciling, a formal front entrance with upstairs landing, a great room with working fireplace and hearth, and large windows overlooking a private, well- landscaped, heavenly, backyard with a row of crabapple trees, koi pond, and outdoor fire spot/patio. Protection all around from encroachment because you own the land. Inside, marvel over a brick-arched cooking enclave and wonderful pantry. Ruminate on the pegged post and beam construction of the great room where the space is more than adequate for the dining pleasures of family and guests alike. They are all sure to be "wowed." Throughout the home are many built-in formal cabinets and fireplaces in almost every room! Twin side by side bedrooms, a master bedroom that will awe you and also authentic historical glass in many windows. Hardware too! Add to this a library, extra storage, a formal dining room and love. Folks... the house really does impress and deserves a buyer that will take great care as these owners have done. Storage? Yes ! Head room? Yes! :)
    Open House
    No scheduled Open Houses




    There are plenty of ways to make your home more organized. Whether you have a large house or some problems with cramped spaces, your home has plenty of room to give. The key is that you just need to know how to use it. Read on for some tips on how to make the most of the space your home has to offer. 


    Make Everything Easy To Find


    The more accessible the things in your home are, the easier it will be to stay organized. If you have kids, this accessibility will be even more critical. Make sure that the items everyone uses daily have a place. Toy boxes, dressers for clothes, and places for coats and shoes are crucial for smooth organization. 


    Find The Right Storage Container


    You need to make sure that you have the right containers for the right things. Without these tools, organization becomes increasingly difficult. Shop around and do some research before you decide on exactly what you want to use to store things in. 


    Organization Doesn’t Have To Be Ugly


    It’s much easier to stay organized if you don’t mind looking at your home. The whole reason you want to stay organized is that the less chaos there is, the less stressed you feel. Organizers don’t need to be cold and regimented. Make sure that any organizing units match your color scheme and themes. 


    Electronics Get In The Way


    All of the gadgets we have these days can overtake our homes. Cords, phones, chargers, video game systems, and more can really take up space in a home. Anything that you frequently use should be in open top containers, so everything can be easily spotted. Anything that you use less often can be hidden behind closed doors or in a drawer. 


    Think By Function


    The easiest way to organize anything is to think about the functionality of items. If you make coffee every morning, for example, you may want to keep a coffee corner. You can keep coffee in the cabinet along with sugar or other essentials. In the drawer below where the coffee pot is placed on the counter, you can keep filters, stirrers, and more coffee essentials. If things are functional and flowing in your home, you’re getting close to organization nirvana!  


    Declutter Often


    If you have a daily routine to put things back where they came from, clutter will never overtake you! Simple things can help you to stay ahead of a big mess. Some idea for your routine can include:


    Straightening furniture

    Clearing countertops

    Throwing away junk mail

    Putting away shoes


    All of these quick tasks can make a big difference on a daily basis over time! 


    After a home seller accepts your offer on a home, the next step usually involves a home inspection.

    At this point, you'll hire a home inspector who will walk through the home you'd like to buy and offer expert insights into the residence's strengths and weaknesses. Then, you'll be able to assess potential issues with a home and determine whether to move forward with a home purchase.

    A home inspection can be stressful, particularly for a first-time homebuyer. Lucky for you, we're here to help you take the guesswork out of home inspections.

    Ultimately, there are many questions to consider after a home inspection is completed, including:

    1. What did the home inspection reveal?

    A home inspection offers unparalleled insights into a residence. It enables you to look beyond a house's surface and find out whether major repairs will be required both now and in the future.

    Hiring an experienced home inspector is paramount for homebuyers. With an experienced home inspector at your disposal, you'll be better equipped than others to identify "hidden" problems within a house.

    Also, don't forget to review a home inspection report closely. With this information at your disposal, you'll be able to understand whether a residence meets your expectations.

    Be sure to consider the long-term value of a property as well. Remember, a home that you plan to purchase should be able to serve you well for years to come. But if you encounter myriad home issues during a property inspection, you may want to consider rescinding your offer on a residence and restarting your search for the ideal house.

    2. Are there major home issues?

    As a homebuyer, it is important to be able to identify the differences between major and minor home issues.

    For example, if there are tiny cracks and chips in the paint on a kitchen's walls, these issues are minor. In fact, you may be able to repair such issues quickly and effortlessly.

    On the other hand, an old, inefficient furnace can cause major headaches. Without a properly functioning furnace, you may struggle to heat your home in winter. Meanwhile, it may cost several thousand dollars to replace this furnace.

    If you encounter problems with a residence during a home inspection, consider the costs associated with these issues. By doing so, you'll be able to determine how much you may need to spend to correct such problems and can proceed with a home purchase accordingly.

    3. What should I do next?

    An informed homebuyer will be equipped with the knowledge and insights needed to make a great decision.

    Consider the problems that were discovered during a home inspection. If you can fix home issues without having to commit substantial time and resources to complete various home maintenance projects, you may want to consider moving forward with a home purchase.

    If you encounter major home issues, you can always ask a home seller to perform home repairs. Or, you may want to remove your offer on a home altogether.

    Working with a real estate agent is ideal, especially for homebuyers who want help with home seller negotiations. With assistance from a real estate agent, you should have no trouble determining how to proceed after a home inspection.


    Home showing preparation is key for any homebuyer. In fact, if you know how to get ready for a home showing, you may be better equipped than other buyers to assess a house and determine whether to move forward with an offer to purchase.

    Ultimately, there are many ways that a homebuyer can prepare to attend a home showing, and these include:

    1. Create a List of Questions

    A home listing provides plenty of information, but it also may leave many unanswered questions about a house. Fortunately, if you craft a list of questions about a home prior to a showing, you can gain comprehensive home insights during this showing.

    There is no such thing as a "bad" question to ask about a house during a showing. Remember, a home purchase is one of the biggest transactions that you may complete in your lifetime. And if you prepare a list of questions before a showing, you can take an informed approach to this showing and gain the insights you need to determine whether a house is right for you.

    2. Perform Plenty of Housing Market Research

    The housing market constantly fluctuates, and a real estate sector that favors homebuyers one day may favor home sellers the next. Thus, it generally is a good idea to study the housing sector closely to determine whether you're operating in a buyer's or seller's market.

    In a buyer's market, there is no shortage of high-quality residences available. And if you attend a home showing in a buyer's market, you may be able to take your time to decide how to proceed with a residence.

    Comparatively, in a seller's market, there is an abundance of homebuyers and a limited number of top-notch residences. This means you likely will need to act quickly if you want to acquire a deluxe residence following a showing in a seller's market.

    3. Collaborate with a Real Estate Agent

    The housing market can be complex for both experienced and first-time homebuyers. Luckily, real estate agents are available who can offer expert guidance at a home showing and ensure you can achieve the best results during your home search.

    A real estate agent understands what it takes to acquire a home in any housing market. As such, he or she will help you plan ahead for a home showing and guarantee you can obtain in-depth home insights during this event.

    Let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either. A real estate agent can help you find houses in your preferred cities and towns and submit offers on residences. Plus, a real estate agent is happy to respond to any of your homebuying concerns and questions.

    Take the guesswork out of attending a home showing – consult with a real estate agent today, and you can get the support you need to discover your dream house in no time at all.




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