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


Most Americans dream of owning their own home. The size of that pictured house is often spacious. As the housing market gets tighter, the prices of homes go up. The bigger the home you wish to buy, the larger the price tag. Keep in mind that the bigger the house you buy is, the more everything else will cost. That means you have to look deep into your budget and far beyond the list price of a home to understand what you have to work with financially. Some things that a more prominent home might bring are:


Higher utility bills due to more space that you have to heat and cool

Increased property tax

Higher insurance premiums

More expensive repairs

More expensive renovations

Bigger yard to landscape


These are all additional costs that you should consider before you take the plunge to buy a larger home. The longer you live in the house, the more these expenses can add up. Many things like flooring, carpet, concrete, and roofing materials are priced by the square foot. While living large can be a great decision, the additional expenses can really add up.  


If You Have Kids, Reconsider


Raising children is expensive. While you may want your child to have a large room and a lot of amenities right inside their home, there are so many other things that kids need. Consider your child’s hobbies. How much of your budget do you devote to those? Do your kids hope to attend college? How much extra money in your budget do you have for vacations and other activities that you may want to do as a family? Buying a bigger house could mean that you have less money in your budget for these things. Understand all the ways that you need to stretch your money before you have your eyes set on a larger home. 


Consider The Rest Of Your Needs


A more massive home means a more substantial monthly mortgage payment. That leaves less for you to save for things like retirement, rainy day funds, and other financial goals. Don’t let the fact that you have your eyes set on a big house shadow the rest of your life and your needs. A large part of buying a home is planning ahead. It will be a smart decision all around for you and your family to buy a home that’s affordable.            


Buying a larger home fulfills a dream for many homebuyers, but don’t let that idea become a singular goal.       



Photo by oneSHUTTER oneMEMORY via Shutterstock

When it comes to home improvement, renovations, upgrades and expansions, seek the assistance of a professional. Why do you need a pro? Unless you built your home yourself, you might not understand all the factors that combine to engineer a house such as the electrical needs to support the load and the cubic footage the HVAC must handle. Get one of these wrong, and your home becomes less efficient. In the end, that can end up costing you more than hiring the pro in the first place.

Here are some areas a professional touch improves the project exponentially.

Adding a Room

When creating an addition to your home, there’s more to it than building out the footprint and then connecting it. To pass code inspections, your addition needs to tie into all the systems in your home, including plumbing, electrical and HVAC. You want a contractor to oversee the addition, even if you complete some of the work. If the inspector doesn’t approve it, it’s on the contractor to fix it. On top of that, you want the addition to tie into the existing architecture. How often have you passed over a home for sale because of an ugly or obtrusive addition? For most people, the eye seeks symmetry and balance. Just because you have the space to add it doesn’t mean the addition adds value. Employ a designer or architect to draw out your proposed addition and suggest adjustments to help it blend in with the existing home. This includes remaining true to the existing roof slopes even if it costs more to build. When you go to sell, a properly incorporated extension adds value and improves salability over an expedient but less artistic change.

Installing a Pool

While adding a pool doesn’t always increase a home’s resale value, a poorly installed pool detracts from it. If the buyer believes they’ll have to tear out the pool to replace it, or fill it up to hide it, the prospect might scare them out of making an offer. When you install a pool, hot tub, pergola, outdoor kitchen or other exterior entertainment feature, visual appeal is everything. Even a buyer that didn’t think they wanted a pool might fall in love with a professionally installed pool nestled among the landscaping that offers the perfect outdoor entertainment venue.

Attaching a Garage

Many older homes have no garage or a detached garage that makes them less attractive to some buyers. That makes adding an attached garage an ideal improvement. But just like adding a room, when you attach any structure to the exterior, it needs to keep the same aesthetic as the original building. Throwing up a garage, covered patio or carport needs to follow the same design rules as adding a bedroom or family room. Hire a professional to design the add-on and engineer the roofline to match.

When you put your home up for sale, hire a professional as well. Your real estate professional knows the local market and will professionally market your home. For a consultation, reach out today.


This Single-Family in Nashua, NH recently sold for $257,900. This style home was sold by Harold (Buddy) Pope - Bean Group / Bedford.


4 Plymouth Avenue, Nashua, NH 03064-1508

Single-Family

$257,900
Price
$257,900
Sale Price

3
Bedrooms
8
Rooms
1
Baths
Location plus in this long established quiet neighborhood setting. Easy walk to Charlotte Ave elementary or St. Christopher's schools, 4 minute drive to downtown Nashua and to NH~ MA highway system, short walk to Greeley Park, Jeanotte's store, Holman stadium and the North End little league field. Delightful sun coming in through large front of house picture window, hardwood floors, new laminate flooring in kitchen, sizable master bedroom and 2 other amply sized bedrooms all on 1 floor living ranch style home. House has a very attractive backyard with a mature old maple tree nicely shading a large back deck on which one can BBQ or sit and soak up the backyard privacy of one's own fenced in backyard. Lawn is well establihed all around. Fire hydrant in front yard~ be sure to tell your insurance company!! Roofing is 6 years old and the boiler is an 18 year old Peerless oil burner that has been well maintained and serviced. Full, dry basement that could be finished. The living room has a nicely built fireplace with brick hearth that shines nicely against the hardwood floors. Some light TLC needed in spots, but nothing major will depend on the buyer. Priced accordingly. 1 car garage and enclosed porch\mudroom. If you are looking in this market for an affordable 1 story home and are willing to add your finishing touches, then consider this home where the current owners have lived since 1983!! Some interior rooms just painted. Would work nicely as an investment property...




If you intend to purchase a great house at a budget-friendly price, you should craft a homebuying timeline. That way, you can decide the best ways to achieve your homebuying goals.

Ultimately, creating a homebuying timeline can be simple – here are three tips to ensure you can develop a successful homebuying timeline.

1. Know When You Want to Move

For those who want to buy a house, it helps to consider your current living situation. By doing so, you can determine the necessary steps to relocate from your current address and acquire your dream residence.

If you presently own a house, you may need to sell it before you purchase a new home. Or, if you currently rent, you may need to give your landlord sufficient notice prior to your relocation. But if you consider the aforementioned factors closely, you can set a deadline for your move.

With a deadline in place, you can start your dream home pursuit. And once you find this residence, you can submit an offer and proceed with a home purchase.

2. Get Your Finances in Order

If you want to develop a successful homebuying timeline, it generally is a good idea to consider your financial situation as well. Because if you lack the necessary home financing, you are unlikely to be able to acquire a wonderful house any time soon.

As you develop your homebuying timeline, you may want to meet with banks and credit unions. These financial institutions can teach you about a wide range of mortgage options and help you get the financing that you need to buy your dream house.

Furthermore, you should check your credit score when you craft your homebuying timeline. If your credit score is low, you may need to improve it prior to buying a house. Thankfully, you can account for this factor as you map out your homebuying strategy and plan accordingly.

3. Collaborate with a Real Estate Agent

Developing a homebuying timeline may prove to be challenging. Luckily, real estate agents are available who can help you take the guesswork out of purchasing a house.

A real estate agent can teach you the ins and outs of buying a home. As a result, this housing market professional will enable you to enjoy a quick, seamless homebuying experience.

Perhaps best of all, a real estate agent can make it easy to acquire a terrific house on your timeline. This means if you want to purchase a top-notch house as quickly as possible, a real estate agent will do everything possible to make your homeownership dream come true. Comparatively, if you want to take a slow, gradual approach to buying a house, a real estate agent is ready to respond to your homebuying needs.

When it comes to buying a house, it helps to have a timeline in place prior to starting a house search. Fortunately, if you use the aforementioned tips, you can streamline the process of establishing a successful homebuying timeline.


Photo by AVANTECTURE on Unsplash

Buying a luxury home is about more than just finding the right mortgage. Whether you are buying or selling, you should know that there are some key differences in the way that high end luxury homes are sold. Discovering the differences in the way that the luxury home market operates can ensure that you get the best possible outcome from your purchase. If you want to enjoy the lasting comfort and benefits of living in an amazing high end home and still get the best possible deal, here's what you need to know: 

Seasons don't matter: Conventional home sales follow specific seasonal trends, but according to Realtor.com, the high end market is not as impacted by the time of year that a home is listed. This is often because home buyers who are tied to a more conventional price range are also tied to trends -- they want to buy and move in summer, while school is out, need to work around regular jobs and don't have another home to retreat to for the holidays or vacations so that deals can be worked out. Luxury home sellers can afford to list a home and wait for the right buyer, so there is often no influx of homes at specific times or seasons. 

More staging, more perks: Luxury homes simply show better than their conventional counterparts, thanks in large part to the staging and design included in the listing process. For buyers, this means a chance to see the home fully furnished and in immaculate shape. For sellers, this means better selling prices and in many cases a faster turnaround time. Expect to spend more time per home, for more personalized experiences when you shop around -- looking at 10 conventional homes in a weekend is likely possible, but you may only get to 2-3 luxury homes, since you'll spend more time touring and more time checking out all the home has to offer. 

Fewer contingencies: In some markets, contingencies are not always acceptable anyway, but no matter where a luxury home is located, offers that are tied to contingencies may not be as appealing as those that come without strings attached. Sellers can usually afford to wait for the right offer, and have no reason to compromise or put a deal at risk, while buyers may be prepared to purchase or finance the home without having to add contingencies to offers. 

Discovering how luxury home sales differ from conventional ones can help you make the most of the process and come away with the results you truly want. You'll know what to expect, set aside the right amount of time and avoid common errors as you explore this rapidly growing but still exclusive marketplace. 




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