Check out my newest listing with a great lake view. This second floor condo has 2 bedrooms, 2 bathrooms, a great room floor plan and a carport. Located in Bella Terra in Estero FL. The community has a resort style pool, fitness center, tennis courts, inline skating rink, community center and much more. It is close to world class beaches, shopping, dining and more. Contact me for an appointment today.
Source: By Dixie Somers
Many homeowners don’t think about home maintenance until something breaks, but that’s not the best way to take care of your home. Whether you’re a new homeowner or have been settled for years, it’s never too late to cultivate some home maintenance habits. Here are three tips to help you protect your investment and keep your property in good shape for years to come:
and Follow a Home Maintenance Schedule
A good place to start is by following a home maintenance schedule. Just as your car needs to have an oil change, your home and yard will need some regular maintenance. Home maintenance schedule apps such as HomeZada and Centriq are an easy way to get yourself on track.
You’ll need to mow your lawn, clean your gutters and perhaps even top your trees from time to time. For pest control, you may need to spray or have ground treatment performed a few times a year, too. When it comes to appliances, make sure to send in any warranties and follow the maintenance recommendations in your owner’s manual. For older appliances, many documents can be found online.
Don’t be afraid to do some research and speak with professionals about maintenance specific to your location.
Have All of Your Home Systems Checked Regularly
It’s important to get your electrical, plumbing and HVAC systems checked annually to keep them in good shape. Some of these tasks can be done yourself; for instance, you might need to clean your air filters, remove debris from the vents and flush out your water heater.
For more technical inspections, check customer reviews on Yelp, Angie’s List, Google, Facebook and the BBB when searching for a new company. Always go with one that is experienced, licensed, bonded and insured.
Follow a Cleaning Schedule
Home maintenance often focuses on repair work, but keeping your home clean can be just as important. In addition to once a week tasks such as vacuuming and dusting the shelves, deep cleaning every month or so can save you big in the long run. Moving furniture around, pulling out the washer and dryer to clean behind them and clearing out the garage gives you a chance to inspect for pest problems, water damage and similar issues that can quickly escalate into expensive repairs.
Being a homeowner is very rewarding on many levels, but homeownership comes with a great deal of responsibility. As long as you put in some effort on a regular basis, you should have no problem keeping your home in good repair.
Article provided by KeepingCurrentMatters.com
Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008.
As it becomes easier for buyers to obtain mortgages, many are suggesting that this is definite proof that banks are repeating the same mistakes they made a decade ago. Today, we want to assure everyone that we are not heading to another housing “bubble & bust.”
Each month, the Mortgage Bankers’ Association (MBA) releases a measurement which indicates the availability of mortgage credit known as the Mortgage Credit Availability Index (MCAI). According to the MBA:
“The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is calculated using several factors related to borrower eligibility (credit score, loan type, loan-to-value ratio, etc.).” *
The higher the measurement, the easier it is to get a mortgage. During the buildup to the last housing bubble, the measurement sat at around 400. In 2005 and 2006, the measurement more than doubled to over 800 and was still at almost 600 in 2007. When the market crashed in 2008, the index fell to just over 100.
Over the last decade, as credit began to ease, the index increased to where it is today at 186.7 – still less than half of what it was prior to the buildup of last decade and less than one-quarter of where it was during the bubble.
Here is a graph depicting this information (remember, the higher the index, the easier it was to get a mortgage):
Though mortgage standards have loosened somewhat during the last few years, we are nowhere near the standards that helped create the housing crisis ten years ago.
10205 Avonleigh Dr.
Offered at $515,000
Enjoy this custom built home by Catherine Backos with soaring ceilings, loads of natural light and neutral colors throughout. The home has 4 bedrooms/ all ensuites with window shades, new carpet, and large closets. Take comfort with the whole house generator with 500 gallon propane tank. The Kitchen boasts quartz countertops; pull out shelves and drawers, lazy susan, center Island, Kitchen Aide appliances and breakfast bar. It is open to the casual dining and family room. Master suite includes; tray ceiling, door to the lanai, 2 walk in closets, walk-in shower with 2 shower heads, separate jetted tub, dual sinks and quartz counters. The home lives large with a tiled formal living/dining space and a casual dining/family room. The laundry room has a laundry tub, cabinets and a closet. Take pride in your back yard oasis in the covered space or a large uncovered space to soak in the sun. It has travertine tile, resurfaced pool, and outdoor lighting. The space is private and quiet. Other features include: impact glass, electric roll down shutters on lanai, air conditioned garage, attic stairs, rain gutters, paver brick driveway and walkway, and surround sound in the family room.
Article provided by KeepingCurrentMatters.com.
Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone!
According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!
When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:
It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last 30 years, as you can see below!
There is a long-standing rule that a household should not spend more than 28% of its income on housing expenses. With nearly half of renters (48%) surveyed already spending more than that, and with their rents likely to rise again… why are they renting?
When asked why they haven’t purchased a home yet, not having enough saved for a down payment (44%) came in as the top response. The report went on to reveal that nearly half of all respondents believe that “a 20% down payment is required to buy a home.”
If the majority of those who believe they haven’t saved a large enough down payment believe that they need 20% down to buy, that means a large number of renters may be able to buy now!
If you are one of the many renters who is fed up with rising rents but may be confused about what is required to buy in today’s market, contact a local real estate professional who can help you on your path to homeownership.
For more information about these events happening in Southwest Florida, please click on the links.
Photo provided by FaceBook.com
Article provided by KeepingCurrentMatters.com
National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates.
As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price but instead about the ‘long-term cost’ of the home.
The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Insights Report, home prices will appreciate by 4.8% over the next 12 months.
What Does This Mean as a Buyer?
If home prices appreciate by 4.8% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:
If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.
20489 Foxworth Circle
Offered at $395,000
Attention to detail is 2nd to none in this home. Enter through the double doors into the tiled great room with tray ceiling, upgraded light and sliders to lanai. Kitchen is open to breakfast room and living area. It boasts granite counters, lovely backsplash, 42” cabinets with pull out shelves, pantry and a center island. Enjoy the mornings in the breakfast room with a bay window. Dine with guests in the formal dining room with laminate floors. 2 master suites. The 1st with double walk in closets, laminate floor, tray ceiling, separate tub/ shower, dual sinks, makeup counter, linen closet and extra lighting. The 2nd is perfect for guest’s privacy. It boasts laminate flooring, a large closet, shower, and a window seat. Laundry room has extra cabinets and a closet. Walk outside to your personal oasis on the extended lanai with paver bricks, waterfall, ceiling fans, and palm trees. Soak up the sunsets over the lake view. Other features: A/C and W/H 2018, upgraded fans and lighting, fresh mulch, rain gutters, laundry tub, overhead storage and pull down stairs in garage. Amenities: indoor/outdoor resort pool, tennis, bocce, fitness, close to beaches, shopping, dining and more!
Article provided by KeepingCurrentMatters.com.
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily throughout 2019.
How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. But don’t let the prediction that rates will increase stop you from purchasing your dream home this year!
Let’s take a look at a historical view of interest rates over the last 45 years.
Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.