Real Estate | 1st Time Home Buyer ATL

Renting vs. buying: Where do you land?

You’ve always been told that owning a home is the ultimate American dream.

Imagine renovating your master bath into a mini spa or choosing your favorite appliances for your dream kitchen. Or just getting to repaint whatever room you want. Plus, there’s the potential for financial gain when you own.

But renting has its own advantages: flexibility, a smaller financial commitment and the chance to try before you buy.

So when do you know it’s time to take the plunge on a purchase? Answer these questions to see which side of the rent vs. buy debate you might land on:

Why do you want to buy?
Sure, owning a home might be the great American dream — but is it your dream?

For some, the idea of a home where you can raise a family, be close to schools and build a community is enticing. For others, buying is a great investment. But for many, it’s about freedom: the ability to keep pets, renovate and be independent.

Will you stay in the area?
No one has a crystal ball — but knowing how long you plan to live in an area can help as you consider the pros and cons of buying. Generally, longer stays align with purchasing.

If the thought of travel fills you with more passion than the idea of settling down in your dream property, you may not be ready for your forever home. But there’s always the possibility of turning your house into an investment property.

What can you afford?
While renting usually costs less in the short term than purchasing property, owning a home can build long-term net worth. A rent vs. buy calculator can help you understand the costs of each option.

Don’t have the deposit for your dream home now? That doesn’t mean you can’t buy. We can work together to find affordable homes, and there are plenty of low or no down payment mortgage options.

Have questions about buying or financing your purchase? Let’s discuss your next steps.

10 Ways to Deter Burglars With Landscaping

In 2014, just over 1.7 million individuals fell victim to burglary according to the FBI. Sometimes deadbolts and alarm systems just aren’t enough to deter thieves. But there are outdoor security measures you can take to prevent property loss at the hands of a burglar. Here are 10 ways you can help protect your home with a wellplanned landscape design:

1. Use plant deterrents. Thorny shrubs and bushes like holly or roses help thwart would-be burglars.

2. Prune vegetation regularly. Unkempt hedges provide hiding spots where perpetrators can lurk.

3. Trim the trees. Leave sufficient distance between tree branches and the roof or second-story windows to limit intruder access.

4. Leave a clear line of sight to windows or doors. Blocking these views leaves your home more vulnerable to break-ins.

5.Invest in accent lights. Illuminate your yard to eliminate potential hiding spots.

6.Install additional lighting. Don’t just rely on the porch light. Consider adding motion-sensitive lighting to help ward off possible intruders.

7. Put gravel beneath ground-floor windows. Burglars rely on silence; stepping on gravel can be a startling repellent.

8. Protect the back door. Many thieves try this less obvious point of entry first.

9. Replace solid privacy fences. Solid fencing helps intruders go undetected. Partial privacy fencing is a more secure option.

10. Lock all gates. It seems obvious, but it’s still worth a mention. Keep front and back gates locked at all times.

While pleasing to look at, landscaping does more than enhance your home’s outdoor aesthetic. Consider whether your current setup promotes security or makes your home appealing to thieves. Use these landscaping security tips to help prevent your home from becoming the target of a burglary.

2019’s Trendiest Colors for Your Home

Colors have the ability to evoke emotions and change our attitudes. They can inspire and motivate us to try something new and bold. They can alter our moods and appetites, or even make a room feel small and cramped.

If you plan to redecorate a few rooms in the new year, the right color choices can make all the difference in the feeling you’re trying to achieve. Better yet, it’s one of the simplest and most affordable decor changes you can make. Not sure which colors to choose? Here are 2019’s best color palettes for home interiors, according to the Pantone Color Institute:

Meanderings
This palette is a mix of leisurely, rich shades like Island Green, Aurora Red, and Wild Orchid. Pulled from diverse cultures, they tell the story of world travel and are great for spaces where you’ll be entertaining guests.

Proximity
Proximity shows the connection between technology and nature and speaks to the challenges of modern life. These vivid blue-greens, green-blues, and silver-grays are perfect for rooms with abundant natural light.

Cravings
These culinary-inspired hues call to mind delicious tastes and exotic cuisines with colors like Cappuccino, Chili Pepper and Cayenne. This sensory experience is ideal for dining rooms or quiet spaces like reading nooks.

Cherish
These soothing pastels evoke calm and serenity and are the epitome of comfort. The soft, nostalgic floral tones would be great in a powder room or master bedroom.

Are you planning a new look for your home? Think of these palettes as a focused road map for capturing your desired style.

If you’d like some guidance for a more substantial home renovation, or you’re interested in finding a new home this year, please reach out today.

How to Create a Master Bedroom Retreat

Turn Your Bedroom Into a Sanctuary

Since we spend about a third of our lives sleeping, we should place high importance on the look and feel of the master bedroom. Follow these tips to transform one of the most important rooms of your home into a relaxing sanctuary.

What to Bring In

• Neutral Colors — Light, neutral hues like creams, taupes, grays, and blues provide a tranquil atmosphere. Use soft, coordinating colors for your bedding and walls.

• Soft Lighting — Overhead lighting can sometimes be harsh or too concentrated. Create a soothing mood with soft, balanced lighting throughout the room. Add lamps 1o brighten dark corners and illuminate each side of the bed.

• Window Treatments — A sense of privacy is essential to any sanctuary. Window treatments offer coverage from the outside world and can be a beautiful design element If outside lighting disrupts your sleep, consider blackout curtains.

What to Take Out

• Outdated Bedding — A relaxing bedroom begins with a comfortable bed. Most experts recommend replacing your mattress every eight years. Pillows should be replaced every two to three years or every six months if you have asthma or allergies.

• Excess Furniture — Get back to basics by paring down your bedroom to just the essentials. Most people require little more than a bed frame, a couple of matching nightstands and a dresser or chest of drawers. Anything more can quickly become clutter.

• Unnecessary Electronics — From more sleep to better family relationships, there are numerous benefits of having a technology-free bedroom. Reserve your master bedroom for rest and relaxation, and keep electronics out.

Makeover your master bedroom into a serene space you look forward to at the end of a long day. These tips can help you get started.

3 Options for Displaying a Collection

Are you a collector? Whether you have a passion for art, photographs, action figures or something else entirely, here are some options for displaying your memorabilia.

Mount it on a wall

Family photos and art pieces are commonplace, even among those who don’t consider themselves collectors. Fortunately, there’s no storage of creative ways to display wall art.

The trick is to focus on the frames, For instance, one method is to use frames of the same color but of varying sizes and designs. This creates visual interest and unites the collection. Figurines and other small items with depth can be housed similarly using shadow boxes or a divided case.

Hang artwork at eye level for optimal visual appeal. For museum-quality results, keep the center point of your display collection between 57 and 63 inches from the floor.

Showcase it on shelves

Curio cabinets and other types of shelving work well for arranging collections and giving individual pieces a chance to stand out. Whether you’re into vintage dishes or figurines, consider grouping your collection according to color or pattern.

If you have glass or crystal items, sunny windows are ideal spots for your display. And avoid overloading shelves; open space can make a visual impact.

Arrange it on furniture

When it comes to displaying eclectic items or combining collections, look to the top of your favorite furniture pieces. On the surface of a credenza or console table, mix tall and short items as well as various shapes and textures along a horizontal line, similar to a cityscape.

What if you want to keep the seller’s furniture?

When you buy a pre-owned home, do you know what will come with the house? Do you get to keep all the appliances, the art on the walls or the outdoor pizza oven on the patio?

Determining what will stay with the home and what will go with the previous owner will vary by seller and contract. Here’s how to determine what conveys with the home you’re considering, as well as tips to safeguard yourself when negotiating those extra items.

1. Check the listing. Start at square one and look at the original listing. Hopefully, the seller specified the items included in their home’s asking price.

2. Know the screwdriver rule. For the most part, if it takes a screwdriver to remove, it’s considered a part of the home. This includes shelves, light fixtures, and even curtain rods. But, if it’s hung on a nail, it’s removable and likely not included in the sale.

3. Negotiate with the seller. If there’s something you’re interested in that isn’t part of the listing, we can negotiate with the seller.

4. Talk to your lender. If the seller agrees to include big-ticket items, you’ll want to tell your mortgage lender. Depending on the type of loan you have, it could affect the appraisal or change the value of the property.

So, unless the seller specified the washer and dryer in the listing, you should assume they’re not included. As for the pizza oven? If it’s built into the patio, it’s probably already built into the listing price.

Have more questions about what’s included with a home? Get in touch today.

4 Tips for Competing With Cash Buyers

You can compete with all-cash offers. Here’s how.

In today’s hot market, bidding wars have become the norm. With many out-of-state buyers and property investors looking for a great deal, all-cash offers are also becoming common.

A cash offer can seem tempting for sellers since it offers the possibility of a faster closing. But despite this perk, cash buyers don’t always win. Many times, they make low offers or demand costly extras, both of which will mean lost cash for the seller.

Want to boost your chances of getting the home you want when competing with cash buyers? Here are some things to consider:

1. Include a preapproval letter. Get your financial documents in order, find a mortgage lender and get preapproved. Additionally, a note from your lender stating that you’re a well-qualified buyer can go a long way.

2. Work with a fast-moving lender. Average closing times vary significantly from lender to lender. Choosing one known for fast transactions shows sellers that you’re willing to move at their pace. Get in touch if you’d like a referral to a trusted lender.

3. Offer more earnest money or a bigger down payment. More money down means you’re serious about purchasing their home, which gives sellers more confidence in your offer.

4. Make an appropriate offer. We’ll discuss local comps to assess the home’s value, allowing you to make a solid bid right off the bat. Low offers are likely to be dismissed without a second glance.

Are you planning to purchase a new home soon? Get in touch today to discuss the right strategy for your home search.

Your GaPeach & YellowJacket Atlanta Realtor, Your referral is the greatest compliment.

Hire an Agent When Building a House

Many homebuyers think they don’t need to hire an agent when building a new home. After all, you’re buying directly from the builder and they already have contractors, lenders, and inspectors. Why should someone else be brought into the mix?

The truth is, buying any home without an agent can be a costly mistake. It can mean paying more than you should, missed opportunities for upgrades, contract errors that aren’t in your favor or a delayed closing.

Thinking of buying a new construction home? Here are three reasons to have an agent on your side before visiting the sales office:

1. Expert Negotiation: While their advertising would have you believe otherwise, builder’s prices aren’t always set in stone. Agents are skilled negotiators who can likely get the price dropped slightly or have a few upgrades thrown in.

2. Preferred Vendors: Your builder might have an affiliate mortgage lender or title company, but chances are they aren’t going to offer the best deal. It’s important to shop around, and what’s better than a vendor your agent already knows and trusts?

3. Guidance and Support: The homebuying process can be complicated, with lots of twists, turns, and steps along the way. When buying new construction, you also have design reviews, electrical work, and other construction needs. An agent can guide you through all of these, making sure your purchase stays on track, on time and on the budget from start to finish.

It’s important to note that while you may be working with an agent or representative from the builder, they may not have your best interests at heart. Enlisting your own trusted agent can give you an advocate from the very first meeting to closing day.

Are you interested in buying a new construction home? Get in touch today for more info about builders in the area.

Can you own your dream house with student debt?

Did you know you can buy your dream home while paying off student loan debt?

It’s true and even quite common. While student loans are factored into your debt-to-income ratio, they shouldn’t prevent you from becoming a homeowner.

And fortunately, there are many programs and options available to prospective buyers, some you may not be familiar with. Here are four ways people with student loans achieve their homeownership goals:

1. Co-buying With Friends or Family
Purchasing a home with a roommate, significant other or sibling allows you to combine multiple incomes to qualify for a better mortgage rate. This can help lower your monthly payment and make home maintenance more affordable.

2. Receiving Financial Gifts From Family
You can also accept gift money from your parents, grandparents or other family members to put toward your home purchase. Some loan programs have a cap on how much gift money can be used, so make sure you know the limits first.

3. Choosing Low (or No) Down Payment Loans
There are many low down payment options, including FHA, HomeReady and Home Possible loans. For loans with no down payment, VA loans may be available to veterans and military members as well as USDA loans for those purchasing in rural areas.

4. Using Assistance Programs
Down payment assistance programs can cover some or all of your down payment costs if you qualify. These programs vary by location, so talk with a lender to learn about potential options.

Working on your credit can also help you buy a home. Pay your credit card bills on time every month, aim to pay down your debts and never let an account go into collections. It also helps to get preapproved for a mortgage so you know how much you qualify for.

If you’re ready to make homeownership a reality or would like a referral to a trusted lender, get in touch today.

Should you skip the starter house?

Gone are the days when a three-bedroom, two-bath starter home was the norm for first-time homebuyers. Today, many buyers are skipping that stage altogether and going straight for their dream homes. They’re buying bigger, more expensive properties with upgraded features, and they plan to live there for the long haul.

Not sure which type of property you should look for? Here are a few things to consider:

Why are you buying?
Are you mainly looking for a way to lower your monthly living expenses, or do you want a place to raise your kids and put down roots? Do you want this to be your only purchase, or are you willing to go through the process again in a few years?

What’s your budget?
Can you buy your dream home with what you can currently afford, or would that stretch your budget too far? It’s crucial to consider how much you’ll need to save for a down payment and how large of a loan you can qualify for. Your credit score and the expected interest rate will also play a factor.

How long do you plan to stay?
Do you plan to be in the area for a long time or is there a chance you’ll need to move for your career, family or another reason down the line?

Is the market favorable?
What is the current housing inventory, and will you be competing with other buyers? Favorable market conditions mean you’ll get more house for your money, making it an ideal time to purchase a forever home.

Get in touch today if you’re ready to buy a new home. If you’re unsure about a starter home or forever home for your family, we can discuss what options are available to meet your needs and long-term goals.

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