Got kids? Planning on having kids?
Here are some things to consider as you are looking for a house to accommodate your little helpers.
School(s) (for some this could be consider a neighborhood feature!):
I am sure I forgot something! What did I forget??
Have a great weekend peeps!
Its finally FRIDAY. This week has been a long one for me, I got slammed with influenza (how did I not remember your teeth hurt when you have a high fever!?). So since its been such a 'fun' week, hey, why not, let's talk about CREDIT CARDS!
What you may ask do credit cards have to do with buying a house? Well, frankly, more than you expect. It's this pesky thing called YOUR credit score (see list below). Its one thing if you have credit cards and carry balances you pay off each month. Its another thing if you are only making minimal payments. So, #4 impacts #1. Oy.
Your score is most influenced by TWO things: HOW you pay your debts & HOW MUCH DEBT you owe."
So here is the brass tacks of your credit; the Fair Isaac Corporation (FICO 'score') says these factors (& weights) drive your credit score.
• Payment History (35%) : account payment info, bankruptcy or judgments, how long overdue payments are, amount past due, & the time since any adverse occurrences.
• Amounts Owed (30%) : amounts owed on accounts individually & totaled together as a whole, number of accounts with balances, proportion of credit line used & proportion of installment loan amounts still owed.
• Length of Credit History (15%) : time since you accounts have been open as well as the time since your accounts have been active.
• New Credit (10%) : number of & time since recently opened accounts & proportion to total accounts, number of & time since recent credit inquires, & the re-establishment of positive credit history following past payment problems.
• Types of Credit Used (10%) :number of various types of accounts, like credit cards, retail accounts, installment loans, mortgage, etc.
So, WHAT DOES THIS MEAN if you want to buy a home?
It means be THOUGHTFUL before you decide opening another store credit card is a good idea (even IF you get 10% off today's purchase....TRUST me the 10% off your $1,000 purchase dims in comparison in what it means for your mortgage rate terms).
One last list, I promise! #1, 3, 4, 7 all relate to your credit card! The pretty plastic square should come with a Danger sticker on it!
Want to learn more about business considerations for credit cards, see Best Busienss Credit Cards.
EXTRA CREDIT IF YOU CAN FIND MY PHOTO IN THIS ARTICLE!
Happy Friday peeps, and make good life choices--especially credit wise!
First blizzards & now flooding. Iowa is NEVER boring."
First blizzards (which I love by the way, I am snowshoe jucky!), then ice dams on roofs. Now we are onto flooding, so much for spring coming in like a lamb. Lion, and boy, we can the roar!
So flooding...what does it mean for a property owner? Or someone looking to become an owner?
(And yes, it means more than just cleaning up flood debris and mess).
Things to consider:
This map is a great tool & you can zoom in with high precision.
Although FEMA & NFIP is an American thing, flooding happens everywhere and is handled differently everywhere. Below is a picture I took in Heidelburg in 2012. Look closely, they have recorded flooding since 1788 (when the bridge was built). I am amazed the bridge has lasted through it all and is living proof of how flooding ebbs and flows.
Happy house hunting peeps! And be informed about flooding in the area you are looking.
re you a hunter? Or maybe you are interested in snowshoeing or have a passion for land improvement?
Wait a minute, this is a real estate blog right? Right.
Enter recreational real estate. What you ask? Recreational Real Estate is buying property that matched your hobbies (camping, hunting, fishing, or hiking). Investing in recreational real estate may be just what you are dreaming about, plus you get the ability to enjoy the great outdoors while your investment grows in value. If you are someone that appreciates family time, weekend getaways, nature, & hunting, recreational real estate might be your 'thing'.
Tips for those looking for recreational real estate:
If the below legislation passes, which would reduce public land for recreation in Iowa, owning your own recreational land might be a more appealing (be informed!!):
This might shift depending on the outcome of two bills here in Iowa:
Everyone's needs are different. Personally, IF you can use public land, do it; it helps the greater good and helps educate the population at large the wonders of the nature that provides for us. If that option goes away, then recreational real estate might be the best way to preserve the land & the wildlife it supports.
If you want to learn more about hunting on public land, check out this blog.
Hi, I am Summer, real estate agent in NE Iowa. This blog is about life, of which Real Estate is a part of. Happy reading!