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Blog Archive for August, 2017

The Right Paint Color for Every Room by HomeAdvisor

Categories: Helpful Tips, Home Builder, Home Decorating | Posted: August 25, 2017

There are some big decisions to be made when it comes to decorating the house.

The color scheme you use in each room will have a big impact on how it feels. How can you know what color will go best in each room?

Luckily, the psychological effects of color have long been the subject of study by the finest minds. From Aristotle to Leonardo da Vinci, it seems everyone has an opinion! Today, we have contemporary science to show us the way. For example, we know that green is an excellent choice for the study or office, because it stimulates creative thinking. For example, the ‘Fresh Sage’ shade promotes a feeling of tranquility and intellectual engagement.

On the other hand, a carefully selected shade of red will lend a lively, sociable atmosphere to your dining room. It’s the perfect color if you want your dinner parties to go off with a bang.

For expert advice on which colors work best for each room, have a look at our new infographic. It identifies the effects you can get color by color, room by room.

Decorating is a great opportunity to create an environment where you’ll love to work, rest and play. Pick your hues carefully, and you’ll soon create your dream home.

The Right Paint Color for Every Room
The Right Paint Color for Every Room, courtesy of HomeAdvisor

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Questions to Ask Your Home Builder

Categories: Helpful Tips, Home Builder | Posted: August 24, 2017

When you’re thinking about buying a new home, selecting the right home builder is a key step in creating the home of your dreams. You should feel comfortable asking a potential home builder every question that you think is important. And, a professional builder or sales representative will want to make you a happy and satisfied home owner.

Besides the questions of “How much does it cost?,” and “When can we move in?,” here are some other questions you should ask:

  • Will the builder give you references of recent buyers/occupants?
  • Does the builder have a financing plan established?
  • Are there options in the floor plan — for example, can a basement or deck be added?
  • Can a room such as the basement be left unfinished?
  • How much “customizing” can be done versus standard features?
  • Can appliances be up- or down-graded?
  • Are there any additional fees relating to the home or development?
  • Will there be a home owners’ association? If so, what will the dues cost and what do they cover?
  • Does the builder offer a warranty program?
  • Does the price include landscaping? What if the plants die within a year?
  • Are there any restrictive covenants?
  • What are the estimated taxes on the property?
  • How is the school system rated?
  • Are day care and grocery stores convenient and satisfactory?
  • What about emergency facilities — police, fire department and hospitals?
  • Are there any major development plans for the area in the next five years?

Advice on Financing Your First Home

Categories: Helpful Tips, Home Builder | Posted: August 18, 2017

Buying your first house is very exciting. But financing your home purchase can be a daunting experience. In both cases, do your research and shop carefully to ensure you find exactly what you want and need.

Deciding how much to spend on your home and which type of mortgage will work best for you — as well as understanding the settlement process — can be confusing. However, there are many sources that can help you get prepared well before you step foot into a sales office, model home or open house.

  • Get familiar with the lingo. NAHB’s Home Buyer’s Dictionary can help you.
  • Figure out what you can actually afford to pay on a monthly basis. Remember that, in addition to the monthly principal and interest, you will also pay into escrows for property taxes, hazard insurance and possibly a home owners’ or condominium association assessment. You have more knowledge about your living expenses than a lender. Hold firm with that number and don’t be tempted to agree to an amount higher than what you are comfortable spending. Mortgage calculators are a great way to figure out what your monthly payments would be based on interest rates and down payment amounts. Calculators can be found on most real-estate-focused websites.
  • Pay down your debts. Credit card debt limits what you qualify for from a lender. Lenders want to see a total debt service ratio that is less than 40% of your monthly income.
  • Attend a first-time home buying seminar or talk to a credit counselor who does not work for a lender. You can research your options without being influenced by someone who has a financial interest in the home or loan you choose. The U.S. Department of Housing and Urban Development (HUD) offers free housing counseling and seminars.
  • Check out government resources. HUD also has a helpful web page, Common Questions from First-time Homebuyers, which provides additional resources for first-time buyers, including special financing options and HUD programs.
  • Select your lender and get pre-approved. When you have done your research and are ready to move on to the next step, visit a lender, understand the loan choices that would be available to you, and, once you’ve determined the most suitable loan, get pre-approved for that loan. Since you will already know how much money you can borrow, you will know what price range you should look at and can move quickly if you are bidding on a house that has several interested buyers. A lender’s pre-approval would still be subject to a final verification of your credit and a satisfactory appraisal, but it’s a big step toward becoming a home owner.