Just bought the new home and looking to score some amazing deals? Well my absolutely favorite store is prepping you up for Black Friday. Hang that new flat screen tv in the media room, set up Alexa in living room, and add some style to the bedrooms and bathrooms. Target is your one-stop shop which is why I consider myself a Target addict! I can spend hours in Target. It instantly brightens my mood whenever I walk through the door. Explore the new Black Friday ad from Target before next week! Here are my tips for shopping at Target: - Get a Target Red Card This card can be linked to your debit card or you can use the credit card feature for this. I prefer the debit. I save 5% everytime I use it. In Texas, that is basically you paying less on the sales tax around 3.25%. #WINNING - Scan your Target app Whenever I am in Target, I make sure to scan the items I purchase to see if it is on Cartwheel or any additional coupons can be applied. That is even more savings. I've saved over $500 dollars using Cartwheel.
It’s beginning to look a little like….wait….It is a week before Thanksgiving. I cannot get into the Christmas spirit until it that holiday passes over. Take a look at some of the events in DFW this holiday season.
Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home.
The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.
1. Hire an Inspector
2. Maintain good communication with your builder
3. Look for builder’s incentives
4. Schedule extra time into the process
5. Visit the site often
For years, I had been helping my friends work on their credit and feeding them into being more financially responsible.
So one day during a conversation, one of my friends suggested I put all my experiences in a book to help others. I side-eyed her because that is what I do when people suggest things that I would never think to do. However that evening, I thought long and hard about it. I would share my journey with my homeownership counseling clients to help them understand. We would talk about how they learned about money and so on.
I wrote this book in 2016 and 2017. I finally released it in 2018. Here’s your chance to learn more about credit with my stories from my college mistakes.
Purchase Here: store.bookbaby.com/book/credit-and-me
It’s October 30, 2018. That means that I’ve officially been a homeowner for a year.
What have I learned since moving in? Here are the things:
The one thing that took some getting adjusting to was the extra bills. In an apartment, I was used to water/sewer/trash being included in the rent. My first water/sewer/trash bill had me like 😶. I went through the breakdown and realized that the sewer amount was the highest cost. I called my mom and asked what makes a sewer bill high? How can I eliminate or lower that? Well, I can’t but I can do my best to conserve my water usage. So yes, if you visit me, please keep your shower usage to 10 minutes or less (that part is really for my mom who likes long shower however I have NEVER been able to run water like that at her house. I still can’t at 30.)
I knew I wasn’t purchasing a lawn mower nor did I want to relive my childhood of cutting grass. I hired services for that. That’s an extra cost.
My HOA assessment always seem to fall in a forgetful quarter. 😂 It comes every quarter but somehow I forget. All the other bills I was used to.
The one thing that has happened in a year was just how much my neighborhood has changed or my whole area for that fact. Last year, there was no house to the left of me.
Today, there is a 2 story home beside me. There is another one in front and one currently being built directly in front of me too. The wooded area behind me? Well it is still there but by next year, there will be houses behind me. I wanted a country feel for at least 2-3 years. Unfortunately, the growth of the area says differently. I’m happy about that. We have a Fuzzy’s Taco nearby so I’m content.
As a homeowner, I wanted to quickly finish out my home and have people visit. The one thing I learned was that your home is a work in progress. I still don’t think I’ve sat down and truly felt like “wow, I did this.” Not yet. I’m too busy at the moment. I will during this year’s holidays. I just knew when I moved in, I’d change so many things. However, after purchasing the fridge, new bed for the master bedroom, loveseat for the living room, I knew I didnt need to rush to complete my journey. I had that conversation with potential a first time homebuyer about pacing yourself for the adjustment. She quickly told me that she’d just finance everything.
As much as that can be possible, you want to take your time before doing that. Homeownership is a major focus and anything can happen. That’s one extra debt you don’t want to focus on when a repair is needed.
I quickly learned that my dreams outweighed my budget for my home. After one year, I still have builder grade items in my home (hello light fixtures I want gone…I digress.) With my style for my home, I realize I am not in a rush to find anything. I actually found light fixtures that I want but they don’t ship to the states. 🤦🏾♀️
I spend some Saturday mornings at Home Depot to learn new things to do around my house. Although, I can easily hire someone to do things, I’d rather find out how to do it and save the labor cost. I’ve learned how to install a toilet, install a backsplash, lay floors, and more. I’m my own handy woman. It’s actually quite therapeutic for myself.
Remember when I said my dreams outweighed my budget, let’s talk about my master closet. So in my home, I have 2 walk-in closets in my master suite. I badly wanted to have the bigger one designed. The first quote was $5000 for one section of the closet. I quickly went to Target and bought cube storage for $600 and arranged my closet. I’ll most likely get them professionally done within the next year but for the time being I needed something to get my life together.
I still love my backyard. It is my peaceful place. I haven’t designed it yet because it costs $17,000 for my dream design and I’m trying to figure out how to have cheaper dreams.
However, Ace and I have been absolutely loving our home and still creating it to be what we would love. Yes, Ace is my dog.
The space is perfect for me and perfect for a resale in the next 4 years. I plan to stay a minimum of 5 years and maximum of 10 years. Cheers to Year One!
1. Get Pre-Approved for a Mortgage Before You Start Your Search
2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’
3. Research and Choose a Neighborhood You Want to Live In
4. Pick a House Style You Love and Stick to It
5. Document Your Home Visits
Source: Keeping Current Matters
Real estate is a complex nature. WHO you work with really does matter. New Avenue Realty has worked with hundreds of homeowners (future and current) to buy or sell real estate in North Texas with over $15 million sold. The proof is in the numbers. Your experience will be royal.
Want to BUY or SELL a home? Chat with us at 972-813-9788 or firstname.lastname@example.org.
According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).
The report also showed that builders have ramped up construction with an increase in new construction starts and completions. The summer months are often a busy time for builders as they capitalize on the warmer weather to be able to finish projects.
Below is a table showing the change in starts, completions, and sales from last August.
Other notable news from the report is that the percentage of new construction sales in the $200-$299k range has continued to break away from the $300-$399k range.
This shows that builders are starting to build lower-priced homes that will help alleviate some of the inventory challenges in the starter and trade-up home categories. The chart below shows the full breakdown.
What does this mean for buyers and sellers?
If you are thinking of buying or selling in today’s market, you no doubt have heard that there is a shortage of existing homes for sale which has been driving home prices up across the country. The additional new construction coming to the market could help alleviate this shortage, but we are still not back up to pre-crisis levels.
You may not be ready to buy your first home, but that doesn’t mean you can’t prepare now. Here are three actions you can do while renting that will put you in a better position when you’re ready to buy.
Take a homeowner’s budget for a test drive. While you can’t predict all homeownership costs to the last penny, you can come up with a rough estimate of how owning a home will affect your budget. A REALTOR® can help you figure out how much you can afford, the potential mortgage payment you’d make, your local property taxes, and repair costs you might want to consider as a homeowner.
Check your credit report. Before you apply for a loan, request a free credit report to find out what a lender would see. If your report has errors, you can correct them before they affect your ability to qualify for a mortgage loan. And you might be able to take steps to improve your credit before purchasing a property. Your REALTOR® may be able to help you find resources to repair your credit.
Create a realistic wish list. There’s probably not a home that will offer every single amenity you desire, but you should have a general idea of what you’re looking for. So while a home with fewer than two bathrooms may be non-negotiable, perhaps you’d see the potential in one with a smaller kitchen or a not-so-appealing exterior paint job.
It’s never too early to talk to a REALTOR® when you know you’re going to buy a home. A REALTOR® can answer your questions about the homebuying process and help you avoid surprises along the way.
Article: Texas Association of Realtors