Vanessa Duguerre's Blog
Buying a home is the mark of an important milestone in your life. While you’re very excited, you need to be prepared for all of the costs that are associated with buying a home. There are a few different costs that go into buying a home that are often overlooked. Before you dive into the home buying process, you’ll want to be prepared.
The Closing Costs
Many homebuyers have gone smoothly through the process of buying a home until they get to the closing table. They suddenly realize that they need a bit more cash than they anticipated. You probably were more than prepared with your down payment, but there’s other costs that are associated with buying a home. Some costs that you should be prepared for include:
- The home appraisal
- Attorney’s fees
- lender’s fees
- Underwriting fee
- Processing fees
- Inspection fees
You’ll receive a disclosure up front to help you understand all of the charges and cash that you must present when your signing the final documents for the purchase of the house. Keep in mind that many of these fees can be negotiable.
Decorating Your New Home
Once you move into a new home, you’re going to want to decorate the space. You may need a some new furniture. Perhaps you own no furniture and need to furnish the entire house. You’ll want to budget for this. The good news is that there are plenty of ways to fill up your home with items that won’t break the bank yet look good in the home. Places that you can shop include online sources like Craigslist or Facebook Marketplace. You can even check out local second hand stores for some great deals on furniture and decor that is in good condition. The important thing is that you understand how much you’ll need to buy as you move into the home.
The escrow account typically holds the insurance and taxes for the home. Funds are withdrawn as premiums and payments are due. Not every lender has these set up, but you should be prepared to have the money up front for the home insurance and even the taxes at the closing table.
Improvements Around The Home
There will be plenty of things that you’ll want to do around your new home to spruce up the place and make it your own. From planting bushes in the front to flower gardens outside to fresh coats of paint, you’ll quickly discover how expensive it is to be a homeowner.
If you’re preparing to buy a home, now you understand why saving is so important! Investigate all the costs that you’ll need to pay up front while you’re in the midst of buying a home to avoid any surprises.
During home decoration, it is natural to have one or more blank walls that leave you asking yourself: "What am I going to do with that?" You may get frustrated, but don't worry, you are not alone — barren walls are likely driving other homeowners crazy, too. What’s the solution? A fresh coat of ideas.
Below are some blank wall ideas that don't just cover the space but do so with a touch of beauty.
Add a Map
A blank wall in any room can be annoying, especially in a bedroom. Rather than waking up every morning to a bare wall, you can put a map on it. You can use the map of the United States, the world or any other destination you find inviting. If you place the map over cork, you can put pins in all the locations you’ve been to or the ones you want to see next. Have kids? Try putting a map on the blank wall in their room. It not only makes it beautiful but also provides a fun way to learn.
Hang Your Accessories
Don't allow your beautiful accessories to hide behind the closet doors. Show off your cloches, skimmers, berets, and trilbies on decorative hooks on your blank wall of choice. If you aren’t a hat-lover, you can hang a statement necklace for a dazzling effect.
Make Attractive Storage Options
Do you have limited storage in your home? Those blank walls could be the answer. Use your imagination to make an impressive design with floating shelves to store extra dishware in the kitchen or a favorite collection in the living area. If you get stuck on your design, there are plenty of DIY articles across the Internet, or you can get a consult from a home staging expert.
Create a Graffiti Wall
An easy DIY wall project is using graffiti. If you are the creative type, take the opportunity to show off your artistic skills. You could also hire someone to sketch a design on your blank wall. Another way to achieve the graffiti look is to buy graffiti mural wallpaper or wall decals. The decals are easily removable for when you’re ready to sell your home.
Give It a Dramatic Color
If you’re looking for a simpler way to make use of the wall, try creating an accent wall. Consider painting it with a geometric design, horizontal stripes or a bold, contrasting color. Painting is one of the fastest and most cost-effective ways to make a blank wall fun.
Decorate with Plants
A blank wall in a bathroom may be less of a worry, but you can use that opportunity to cultivate a mini-garden. A mini-garden in the bathroom? Absolutely. Hanging plants on the wall of your bathroom will help purify the air while steam from the shower keeps them hydrated.
Any season is an excellent opportunity to do an easy DIY wall project. Check out popular home design blogs or speak to an interior designer for more ideas on how to beautify your home.
Let's face it – homebuyers often face intense pressure. In many instances, dozens of homebuyers may compete for the same residence. And if you don't act quickly, you risk missing out on your dream house to a rival homebuyer.
Believe it or not, it sometimes can be beneficial to take a wait and see approach to buying a house. Some of the key reasons for homebuyers to consider deploying a wait and see approach include:
1. You can determine exactly what you want in your dream house.
Differentiating between must-haves and wants can be tough, particularly for homebuyers who are shopping for residences for the first time. Fortunately, if you take a slow, gradual approach to homebuying, you can view a variety of residences and narrow your search accordingly.
Oftentimes, homebuyers can benefit from attending open houses and getting a firsthand look at myriad residences. Each open house provides an opportunity to analyze a home, review its pros and cons and determine whether a residence is right for you. As such, homebuyers can attend many open houses to better understand what they want from a dream residence.
2. You can get your finances in order.
Although you know you want to buy a house, getting your finances in order may prove to be hassle. Luckily, homebuyers who implement a wait and see approach can find a mortgage that matches their finances perfectly.
Ideally, a homebuyer should meet with several banks and credit unions and explore all of the mortgage options at his or her disposal. During each meeting with a mortgage lender, a homebuyer can receive expert insights into many mortgage options.
A homebuyer may want to get pre-approved for a mortgage as well. If a homebuyer embarks on a search for the right mortgage today, this individual can move closer to entering the housing market with a budget in hand and simplifying his or her home search.
3. You can find the perfect real estate agent.
Ultimately, the real estate agent that you select may dictate the success of your quest to find your dream residence. If you allocate the necessary time and resources to hire a hardworking and experienced real estate agent, you should have no trouble streamlining your home search. On the other hand, if you rush to hire the first real estate agent that you meet, you risk making the wrong choice.
When it comes to finding the perfect real estate agent, it pays to be patient. By spending some time learning about various real estate agents in your area, you can select a top-notch housing market professional to guide you along the homebuying journey.
Lastly, don't forget to select a real estate agent who is available to respond to any homebuying concerns and questions, at any time. With this housing market professional at your side, you can boost your chances of discovering your ideal residence.
There is no need to rush to find your dream home. Instead, take a wait and see approach to buying a house, and you may reap the benefits of your decision for years to come.
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