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Keep The Dream Of Owning A Home Alive

September 11, 2020 by Rhonda Costa

Keep The Dream Of Owning A Home AliveFor many people, owning a home is their dream. The COVID-19 pandemic has impacted the entire country and has left many people wondering if they can still afford to own a home. While this might put some things on hold, there are steps that everyone can take to keep the dream of owning a home alive.

Get Pre-Approved For A Mortgage

The first step that you should complete if you would like to own a home is to get pre-approved for a mortgage. The pre-approval process will give you a firm idea of what you can afford. Then, you can start to narrow your search and find homes that are within your price range.

Furthermore, when you do make an offer, sellers will know that you are serious about buying the home because you have already been pre-approved. Reach out to a lender and get pre-approved for a mortgage.

Connect With A Top Agent Virtually

Most people are used to going to home showing in person; however, there are ways to do this virtually. A trusted agent is going to have access to all of the listings in the local area and can help you understand what the process is regarding buying a home. You can connect with an agent either by phone or by video to learn what it is like to navigate the real estate market. While today’s market might be different from most markets, there are still opportunities to get a great deal on a home.

Do Research On Options For Assistance

Buying home is one of the most important ways to stimulate the economy. As a result, there are lots of options that have been put into place to help people buy homes in a responsible manner. This could include loan programs, payment assistance programs, and loan options that do not require a large down payment. This can help you afford a dream home without having to necessarily put down 20 percent.

Do Not Put Your Dreams On Hold

While the climate might be a bit different right now, this does not mean that people have to put their dreams of owning a home on hold. This simply means that everyone has to do their due diligence and find the home that is right for them.

Filed Under: Real Estate Tagged With: Buying A Home, Home Ownership, Real Estate Tips

New Home Construction Orders Lead To A Boom For Contractors

September 10, 2020 by Rhonda Costa

New Home Construction Orders Lead To A Boom For ContractorsDuring the past few months, the housing market has been through a lot of changes. One of the biggest changes that have taken place involves new home construction demands.

While there are plenty of homes that have already been built and are ready to be sold, there are plenty of people who are deciding to build new homes instead of buy existing ones. Now, the demands for new home construction are at heights that have not been seen in close to 15 years.

This has led to a business boom for local contractors. While building a new home is a great option, it is also a choice that requires a team of professionals. Not only are construction professionals needed to build the actual structure but professional contractors are also required to handle the plumbing system, HVAC system, and electrical system. With the recent boom in demand for new homes, local contractors have been busier than ever.

There Is A Shortage Of Skilled Trade Workers

While having plenty of business is a great thing, this is also creating some challenges for those who work in this field. Some contractors are saying that they are having trouble finding enough skilled trade workers who can handle these tasks. When there is a shortage of skilled trade workers, home construction can take longer than planned. While some homeowners expect to have their home ready in around six months, it could take some homes as long as ten months to be completed. While contractors would prefer to shorten the construction cycle as well, there simply aren’t enough people.

Finding The Right Contractors For The Job

For those who are looking to build a new home, it is important to find the right team for the job. It is critical to make sure that all contractors are licensed and insured. While nobody wants to think about something going wrong on a new home construction job, this can still happen from time to time. When this happens, it is important to make sure that all contractors have insurance to cover the cost of any damage that might take place. This will ensure that the new home construction process goes as smoothly as possible.

Filed Under: Real Estate Tagged With: Home Construction, Real Estate, Renovations

Kitchen Space Saving Designs To Maximize What You’ve Got

September 9, 2020 by Rhonda Costa

Kitchen on the Small Side? 4 Space Saving Designs to Maximize What You’ve GoSo you’ve found the perfect home, but there’s just one problem: the kitchen isn’t as big as you’d like it to be. At first glance, a smaller kitchen might seem like a deal-breaker, especially if you love to cook.

With a few space-saving design tricks, though, you’ll have all the space you need and then some. It’s all about making the most of what you’ve got. Here’s how you can turn even the smallest kitchen into an efficient cooking and dining space.

Fill Up The Walls: There’s Ample Storage All Around You

Walls are a surprisingly underused surface area in most kitchens. From spice racks to towel racks to magnetic knife boards, walls can offer a wealth of space options. Ditch the bowl fruit painting and throw up some hooks and shelves.

Not only will everything you need be within reach, you’ll open up more space in your cabinets and on your counters. For the gadget obsessed, rack storage will give you the chance to show off your nifty kitchen gadgets.

Repurpose Your Corners with Shelving And Other Amenities

In a small kitchen, sufficient counter space can be hard to come by. While knife blocks and spices racks tend to encroach on what little space is available, not all space saving designs are about reclaiming lost space. Sometimes it’s about repurposing forgotten spaces like corners.

Most homeowners dismiss the corners of their kitchens, thinking the space is too awkwardly shaped to be of any real use. Take advantage of corners by installing clever storage like a lazy Susan system for under the countertop, built-in shelving for above the counter, or for a really creative update, dedicate the corner to an invaluable feature like the kitchen sink.

Hang Your Pots and Pans

Pots are bulky and often difficult to store without taking up several cabinets. A circular pot rack mounted to the ceiling allows you to take advantage of the height of your kitchen in the open space right above your head. In fact, pot racks can be used to store all kinds of cookware and cooking utensils that are too cumbersome to store in drawers, like ladles and colanders.

Placing a rack in the empty space above an island or by the stove can provide excellent storage space and easy accessibility. Ceiling and wall-mounted pot racks often have hooks to hang your cookware from, so make sure you mount yours in a place that doesn’t force visitors to navigate an aerial obstacle course just to make it to the sink.

Invest In A Rolling Tea Trolley

Kitchens with very limited counter space can gain an extra work area as well as storage space with a tea trolley. A mobile work surface means to you can roll it anywhere in your kitchen to do your dicing and slicing, and then store it away when you’re done. Add multiple shelves to the trolley to create even more storage.

There’s no need to be discouraged by a cozy kitchen. Not only can these space saving tricks help you gain extra space, they can also give you the chance to explore new ways to express your personal style.

For more advice on homeownership and making the most of your home’s various features, or to find your next home, contact a real estate professional today!

Filed Under: Around The Home Tagged With: Home Design, Kitchens, Real Estate

What’s Ahead For Mortgage Rates This Week – September 8, 2020

September 8, 2020 by Rhonda Costa

What's Ahead For Mortgage Rates This Week - September 8, 2020Last week’s scheduled economic news included readings on construction spending and labor sector reports on public and private sector jobs. The national unemployment rate was also reported. Weekly readings on mortgage rates and jobless claims were also published.

July Construction Spending Rises

Construction spending rose from June’s seasonally adjusted annual pace of  $1.363 billion to $1,365 billion in July. The U.S. Census Department reports construction spending and readings are subject to adjustment. Growth in construction spending is due to a demand for homes in less congested areas.COVID-19 is creating more demand for larger homes that accommodate working from home.

Mortgage Rates Mixed as Jobless Claims Fall

Mortgage rate activity was mixed last week amid incremental changes. Freddie Mac reported that rates for 30-year fixed-rate mortgages rose two basis points to 2.93 percent; the average rate for 15-year fixed-rate mortgages fell by four basis points to 2.42 percent. Rates for 5/1 adjustable rate mortgages rose by two basis points to 2.93 percent. Discount points averaged 0.80 percent for fixed-rate mortgages and 0.20 percent for 5/1 adjustable rate mortgages.

New and continuing jobless claims fell last week. 881,000 initial jobless claims were filed last week as compared to 1.01 million first-time claims filed the prior week.13.25 million continuing jobless claims were filed last week as compared to Ongoing jobless claims were lower last week with 13.250 million claims filed as compared to 14.490 million ongoing unemployment claims filed during the prior week. Falling jobless claims indicate strengthening economic conditions as businesses reopen and employers rehire former employees and add new employees.

Jobs Growth Reports Mixed, National Unemployment Rate Falls

ADP reported 428,000  private-sector jobs added in August as compared to July’s reading of 212,000 jobs added. The Commerce Department’s Non-Farm Payrolls report showed 1.37 public and private-sector jobs.added in August as compared to 1.73 million jobs added in July. Analysts said that looming layoffs in airlines and travel sectors could slow job growth. The national unemployment rate fell to 8.40 percent in August from July’s reading of 10.20 percent.

 Based on these readings, the economy is rebounding from the impacts of COVID-19, but analysts were cautious as the three-day Labor Day weekend approached. COVID-19 cases rose after the Memorial Day and Fourth of July holidays. Increasing cases of COVID-19 could cause state and local governments to impose restrictions aimed at reducing the spread of the coronavirus. 

What’s Ahead

This week’s scheduled economic reports include reports on inflation and weekly readings on mortgage rates and jobless claims.

Filed Under: Financial Reports Tagged With: Corona virus, Financial Report, Jobless Claims

Does Your Home Have What Buyers Are Interested In?

September 4, 2020 by Rhonda Costa

Does Your Home Have What Buyers Are Interested In?If you are looking to sell a home in the current market, then you know that the COVID-19 pandemic has changed the way many people look at the world and this includes their home.

Therefore, buyers need to think about whether or not their homes have what buyers are looking for. While this is a hot market and sellers could quickly end up with multiple offers for their homes, they are more likely to get a higher offer if their home has one of the key features that buyers in today’s market will love.

A Home Office

Without a doubt, this is one of the most popular features today. With the pandemic changing the way people work, workers are spending more time at home than ever before. Everyone is looking for a way to be productive at home and this means having a home office. A home office is essential because it gives those working remotely with a place where they can seclude themselves in their own home and be productive. At the same time, if there is an emergency, they can still respond quickly. Buyers today are looking for a home office.

More Space To Accommodate

Lots of families are looking for ways to accommodate their loved ones and this means more space. For example, many schools are still operating virtually. This means that the kids are at home during the day and will need their space. In addition, elderly individuals are particularly vulnerable in today’s environment, so many families have welcomed their elderly family members as well. Homes with the space to accommodate these desires are going to be more popular.

Powerful Internet Access

While this is something that can be adjusted if necessary, powerful internet access is important. Think about everyone who is going to be putting a drain on the home’s internet connection. People are streaming TV more than ever. Kids need to be able to pay attention to their lectures. Those working from home are going to have video conferences. Having strong internet access is a must.

Sell A Home With These Features

Anyone who is looking to get the most for their home should keep these features in mind. They can drive up a home’s value in the current market.  

Filed Under: Real Estate Tagged With: Home Office, Real Estate, Selling Home

Restoring A Patio On A Budget: 3 Simple Tips

September 3, 2020 by Rhonda Costa

Restoring A Patio On A Budget: 3 Simple TipsThere are lots of homeowners who are looking at their patio and are not satisfied with what they see. This is where it is important to think about ways to bring that patio back to life. Whether this means entertaining friends or simply relaxing with a cocktail and a book, there are a few easy ways to bring a patio back to life.

1. Target The Pests

There are lots of pests that like to make their homes in the patio. This might include debris that is brought in by the wind, critters that like to dig underneath the patio, or even kids’ toys. There are ways to prevent critters from making their homes in the patio. Simply place pine cones in the nearby area. This is far easier than using mulch. As for the kids’ toys, that sounds more like a parenting issue!

2. Add A Splash Of Color

One of the easiest tips that can bring a patio back to life is adding a splash of color. Instead of going with the boring brown patio, add some plants to bring some green to the porch. Then, throw in some colored furniture. Finish it off with a colorful umbrella and the patio will look like new!

3. Build A Fire Pit

Finally, those who want to host a party need to have a fire pit. A fire pit is one of the best ways to draw attention away from the patio itself. A mini fire pit acts as the focal point of the room while adding a bit more fun (and function) to the patio itself. This is a great place to roast a few hot dogs, make some smores, and host a party! Adding a fire pit to the patio is one of the top ways to take a sad patio and bring it back to life once again.

Restore An Old Patio With These Tips

A patio is meant to be a place where family members and friends come together to enjoy each other’s company. In order to bring a patio back to life, think about putting these tips to use. This will make the patio functional once again, making the porch the place to be.

Filed Under: Real Estate Tagged With: Home Improvement, Patio Restore, Real Estate

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Rhonda & Steve Costa

Rhonda & Steve Costa

Call (352) 398-6790
Sunrise Homes & Renovations, Inc.

Contractors License #CBC 1254207

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