Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You are Paying a Mortgage
There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
Are you ready to put your housing cost to work for you?
4. It’s Time to Move on with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
There are currently over 200 million apps on the market today. Choosing which ones that are useful can be a daunting task to say the least. If you are a homeowner check out this list of 8 apps for homeowners. You’ll wonder how you ever lived with out them in the first place.
A large percentage of the population these days live hectic lifestyles. Juggling work and family, homeowners often forget to pay important bills on time. With this app you’ll never forget to pay another bill on time. This app allows you to organize your utilities, mortgage, cable and all other bills by their due dates, then it sends you reminders when their due dates are close. You can even set up their secure Auto Pay option that will automatically pay your bill on its due date.
2: iHandy level
This app turns your smartphone into a carpenters level, how cool is that! Whether hanging a picture frame, art or a shelf this neat little tool will come in handy around the house.
If you are new to a certain area this app will definitely come in handy. This app will locate the nearest restaurants, shopping malls, hospitals,banks etc.
4: Photo Measures
No pencils or rulers needed if you have this app. Simply take a photo of the room and write in the measurements on the screen. Great for calculating how much paint to buy or number of curtains needed for your current job.
5: Colorsmart by BEHR
How many times have your made that first stroke of paint on a wall and said to yourself “this doesn’t look right”? This app will solve this issue in a heartbeat. Take a picture of a room being painted and select different colours and shades on the app to preview how the room will look. This app takes the guess work out of choosing the right colours.
Be on top of home maintenance with this great app. Set a home maintenance plan and this app will alert you when the projects need to be completed. If a professional is required the app also has a directory of professionals in your area with a customer rating. Don’t forget to change the smoke alarm batteries, cleaning gutters, lawn maintenance again with this handy app.
Houzz was awarded best app for 2016 by Google. Whether you’re looking to renovate or redecorate Houzz is the app for you. Get inspiration from over nine million high resolution photos of interiors and exteriors.
8: Home Design 3d
This app will help you with all your landscape projects. Design your garden, come up with your ideal outdoor space, create a play area and more.
View or Download Spring Home Sellers Guide here: