fiscal responsibility: Living within your means.
YES. Its a thing. A VERY important thing.
So why it that Americans--consumers & organizations alike, are we so bad at it?
Take time & reflect on your fiscal responsibility. How are you doing? What could you change? And more importantly, stick to your plan.
real estate is about the house right?
Whatever the reason, having a nice place to work & play on your automobiles is handy.
And those woodworking projects that always seem to pop up. (That happens to everyone right? Not just me!?)
Things that are KEY to garage workspace while you are 'house' shopping:
1) in-floor heat!
3) size & storage options (or place to construct some yourself)
Although I LOVE my air compressor too....
For those that know me, you know I love things with wheels. My learning curve might be slow, but I love to learn about how stuff works.
Although I wish I was more mechanically inclined, I am more than most (come on, grinding prep for welding is fun!). PLUS, I have some amazing teachers--Alec, Tim, Gary & Don.
Maybe its because I want to know how crap works or maybe it's the do-it-yourself independent nature of mine.
The first property I sold was a shed with a living space included. I am not the only one that loves garage space.
On my wish list still....and will be for awhile probably:
Whatever your level of garage time, having a garage that fits your needs makes the home 'fit' you better....which can translate to making daily life run smoother for all occupants.
Finding the perfect house *MIGHT NOT* be just about the 'house'...but all about the GARAGE.
In 2017, the Average IOWA
Credits - Debits = Your Savings
If you want to save more, look at what expense you can
5. Build your credit score.
6. Saving for RENT
- rent should be LESS THAN 30% of your take-home pay (if its more, find a different place or get roomies)
- 30% of take-home pay will be living expenses (renter's insurance, utilities, internet, phone, water, garbage, etc.)
- ***Aim to save up at least your up-front costs & three months of rent + expenses before leaving the nest.
- putting 20% down on a loan means you do not have to pay PMI (Private Mortgage Insurance) every month.
- so, if you are looking at buying a $200,000 home, you need $40,000 for a down payment.
- concern automating your savings along with using an app like DIGIT to help you save.
save & learn to be frugal.
Have a great weekend peeps!
Depending on the market you live in, selling your home can be slow or fast. In NE Iowa, generally speaking, the market does not move very fast. For example, a BUYER could accept an offer that is contingent on the SELLER listing and selling their home.
Selling could take 1 day, or it could take longer (come on, we all know the houses that have been on the market for YEARS).
As a SELLER, how long do you want to wait to be rid of the house? If speed is of the essence, you might want to consider the 72-hour clause.
What is THAT you might ask....
The 72-hour clause is a common provision added to real estate contracts that allows a seller to continue marketing their property for a period of time after an offer is made
- Seller can accept a buyer's offer while still marketing their property.
- Seller receives another offer that they accept as a backup.
- With this backup offer in place, the seller's agent contacts the original buyer about the new offer, activating an escape clause.
- The original buyer then has 72 hours to complete their purchase or back out and allow the second offer to take first position.
- If the home is already on the market. If not, this is usually a red flag because it indicates the potential buyer is just thinking about buying and selling at this point.
- If it's listed at the correct price. A real estate agent can prepare comparables to make sure the house is priced to sell.
- How long it has been on the market. If it’s been a long time, the home may be priced too high, the showing procedure may be difficult, or the market could just be dry.
- The average time on the market for homes in the neighborhood. If the average time is 30 days or so, one could expect the home to sell. If it’s 90 days or more, the seller could be waiting with little chance that the buyer’s home will sell.
Here are some things to consider as you are looking for a house to accommodate your little helpers.
- Open or closed floor plan? Do you want/need to be able to see your kids while they play?
- How much room is there for play (and the storage of all the accessories that kids come with!)?
- Can everyone sit down together for a meal at the same time? What about if friends are over?
- Laundry Room--can it handle the extra capacity needed with kids (if you decide to do cloth diapers, this is HUGE!).
- Stairs--if a child falls, what is at the bottom? How steep are they? Can a baby gate be installed?
- Can the electrical outlets be kid proofed?
- Is there a yard? Is it suitable for play? Is there association rules about swing sets? (for me, seeing the driveway from the kitchen is huge--want be able to see while making supper).
- How close is the public park(s)?
- Is the yard fenced?
- Is there a pool? If so, what safely features does it have for your little people?
- Are other kids similar in age close by for neighborhood play?
- What is the traffic like (how close will your kids be to traffic)? Are traffic limits followed? Can the ride bikes safely?
- Check local crime rate/offender lists.
- What is the policy on dogs (are certain breeds banned and is a leash required)?
- How close is the hospital?
- How close is heavy industry (remember curious kids like to explore....make sure they cannot get hurt!)?
School(s) (for some this could be consider a neighborhood feature!):
- What is the quality of school kiddo will attend? If not impressed, what are the options in the wider area?
- Early learning options (remember, in Iowa 3 and 4 PK is not all school districts offer, and you have to self pay if they area offered)
- After school programs available?
- Are you on a bus route? How far from the bus stop?
I am sure I forgot something! What did I forget??
Have a great weekend peeps!
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!