Shari Sagan McGuirk's Blog
If you’re in the market to buy a home, one of the easiest ways to do it is to look for homes that are move-in ready. Out of all the options that exist for buying real estate, buying a house that’s ready for you is a no-brainer.
The problem for many real estate agents who are helping buyers find homes is that buyers aren’t sure what “move-in ready means. It means something different for everyone. Below, we’ll discuss some misconceptions and truths about move-in ready homes.
Move-In Ready Doesn’t Have To Be New
New construction homes are indeed move-in ready, but there are a few roadblocks to buying new construction homes. First, these homes take some time to get. Many times, buyers are purchasing them and waiting months to move in. There’s also less of a selection of locations. Most new construction homes can be found in the same area because that’s where the land is. New construction is certainly an option for people who have the time to wait to move into a new home.
There are plenty of existing homes that may not need much work and have been constructed in recent years. You may not have been able to pick the colors on the walls or the types of countertops you have, but the house certainly isn’t falling apart.
Move-In Ready Could Mean There’s A Little Work
Buying a fixer-upper is worlds different from purchasing a home that’s ready for you to live. Some move-in ready homes could use some work. The work involved is only cosmetic. The walls may need some painting or the house may need some cleaning up, but everything that needs to be done will be minimal. These are the types of projects that will be involved in buying a home that’s move-in ready.
The Benefits Of A Move-In Ready Home
You can enjoy the home right away
Things like appliances and other features in the house will be newer
The home will be in a sought after location
Sellers and builders will be motivated
It's easy to enjoy the home and find newer features in a move-in ready home. New constructions homes will have the latest in everything from appliances to security. The owner will have upgraded homes that are ready to move to. More modern homes also tend to be in desirable locations. All of this not only equates to better living conditions for you an your family but better value when you sell the home at a later date.
76 Robert Road, Marblehead, MA 01945
The decision to purchase a second home may be one of the biggest choices you will make in your lifetime. As such, it is important to consider all of the factors associated with a house purchase before you embark on a quest to acquire a second residence.
Now, let's take a look at three key factors to evaluate as you weigh the pros and cons of purchasing a second home.
1. Your Current House
Consider the state of your current house – you will be happy you did. If you assess your current residence, you may be better equipped than ever before to determine if now is a good time to start a search for a second house.
For instance, if your home needs a new roof or requires other repairs, you may want to complete these improvements first. After these house repairs are finished, you then can kick off a search for your second house. Perhaps most importantly, you can launch this home search with the reassurance that your current house is in good shape and likely won't require significant repairs in the near future.
2. Your Finances
If you still have a mortgage on your current house, you may want to focus on paying that off first. Once your mortgage is paid in full, you can conduct a search for a second house without having to worry about paying two mortgages at once.
Of course, if your current house's mortgage is paid in full, you should still evaluate your finances closely. Ensure you have sufficient finances to cover a mortgage for a second house, as well as your everyday expenses. By doing so, you can hone your search for a second house to residences that fall within your price range.
3. Your Immediate and Long-Term Plans
Think about why you want to buy a second home in the first place. Then, you can determine how this decision may impact your immediate and long-term term plans.
For example, if you want to return to college, buying a second home may affect how much money you have at your disposal that you can use to go back to school. On the other hand, if you hope to get a work promotion in the foreseeable future, you soon may have additional funds to help you make your dream of owning a second home come true.
As you decide whether to launch the search for a second house, take some time to consult with a real estate agent. A real estate agent is a homebuying expert, and he or she can provide housing market insights that you may struggle to obtain elsewhere. Plus, a real estate agent will guide you along the homebuying journey and can help you acquire a top-notch house at a budget-friendly price.
Account for these factors before you start your search, that way you can make an informed decision about whether now is the ideal time to pursue a second residence.
7 Ballister St, Wakefield, MA 01880