Tips on how to make your kitchen look new, without breaking the bank.
Painting your cabinets is one of the easiest ways to change up the look of your kitchen, and it can be done without spending too much money. If you have dark cabinets, lighten them up with a white or cream color. And, if you want to add a pop of color, think about painting your island a different color...this can be fun and add a little flavor to your kitchen.
2. Change out your sink and faucet
Something as little as changing out your sink and faucet can make your kitchen look brand new. Whether you’re going for the stainless steel look, or the farmhouse sink look, changing out your sink will bring a new look to your kitchen.
3. Add a backsplash
Adding a backsplash is something that can get very pricey...but if you get creative, you can manage to add a backsplash without breaking the bank. Subway tiles are one of the most cost effective materials to use when changing out or adding a backsplash to your kitchen. Typically found in showers or bathtubs, subway tiles have made their way to the kitchen and they are one of the newest trends for adding a backsplash to your kitchen. They offer a bright and clean look. When creating your backsplash out of subway tiles, you can create different patterns...for example, herringbone, for a fancier look.
4. Change out your light fixtures
Based on what look and feel you’re trying to go for in your kitchen, try and pick light fixtures that are going to go along with that. You can either go with pendant lighting, chandeliers, recessed lighting, etc. but make sure that you pick out whichever look is going to go best with the overall theme of your kitchen.
5. Get new handles and pulls
Getting new handles and pulls can really change up the look and feel of your kitchen- and it’s not that expensive.
Decorate your kitchen with fun, decorative bowls, an area rug or floor mat to bring in some color and design, or wall art! Decorating can really spice up the feel of a kitchen, in a cost effective way. Try putting out glass jars, on your counter, to put sugar, spices, etc., which will bring out colors, while also storing your kitchen essentials.
Whether you’re on a tight budget or not, these tips will help you redesign your kitchen and make it a place that you want to spend time in. Don’t make your kitchen dull, spice it up and get excited about cooking meals for your loved ones.
Whether you’re a first-time homebuyer, or on your third house, sometimes people struggle with making a house their own- one that feels like home. Here are some tips to help you make your house feel like it’s a home...somewhere that your loved ones feel that they belong.
Paint is one of the easiest fixes in a house and can change the atmosphere completely. If you’re purchasing a house that has dark colors on the walls...change it up with some neutral colors for a lighter feel. Often, people look at houses and get negative vibes from them because the paint colors don’t fit their style- but try and look past that because paint is just paint, and doesn’t define the house, as a whole. Be open minded- and try to look beyond the surface...imagine what the house would look like if you gave it your own touch.
2. Spring” Clean
Try to make it a priority to go through your house a couple of times a year, decluttering and getting rid of things that no longer bring you joy. One trick that can be used to know if something is worth keeping...if you haven’t used it or worn it in 3 months...then it’s time to give it away. Often, people become attached to things that have no sentimental value, but don’t like getting rid of them because “maybe they’ll wear it eventually” or “maybe they’ll use that vase eventually” ...but if you haven’t used it or worn it in a couple of months, chances are a couple of months will turn into years. Decluttering can make your house feel brand new again, and makes room for fresh, new ideas in a home. Decluttering also allows for a good deed- giving your unused items to charity for someone else to use. You know what they say- someone’s trash is another person’s treasure, and a good act could make someone else's day.
Every homeowner has their own style and their own way of decorating their house...but that’s what makes each house unique. If you really spend time decorating your house, to fit your style, it can quickly start feeling like a home. When you think about it, a house is somewhere that you gather with family, spending time laughing and making memories- so why not create a space that you love and that you enjoy being in? Decorating adds a personal touch to a house...which makes it a home. Whether you’re putting up decorative art on the walls, or pictures of your family...no matter what you choose, it will fit your style and it will slowly become a home to you. Add some colorful flowers to a vase, or some decorative pillows on your couch...it will add a pop of color which will bring life into your house. Create an inviting space, a space where you want to gather, and spend time with family and friends.
4. Make memories
Most importantly, a house is somewhere that you gather with family and friends, to laugh, cookout, share stories and make memories. Each house has its own specialties...whether it’s the big kitchen where everyone gathers, enjoys food and shares laughs, or a big backyard where you sit and watch the kids run around and talk around a campfire. No matter what special gathering places your house has, memories will be made and laughs will be shared. Homes are special because they bring people together, they’re a place where memories are made and that’s what life is all about- making memories and living life to the fullest. Luckily, our homes are places where memories are made and as time goes on, your house begins to feel like home- it’s a place that will forever hold a place in your heart.
Whether you’re buying your first house, or your last, make sure to put your touch on it to make it your own- make it your home. You want your home to be somewhere that you feel that you belong.
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The best part about a mortgage is the availability of money you have to finance your life-changing decisions. The not-so-best part is to adapt to a schedule whereby you have to finance the loan every month.
So now that you have your mortgage amount verified and used, how do you know the process to pay it back? There are a few caveats which need to be noted in order to be clear on most details regarding all you need to know about your first mortgage payment.
It is assumed to be common knowledge in the world of real estate but it is indeed helpful to understand the concept clearly. This example assumes that you got your loan payment on 25th of January of a particular year. The first due date for payment can then be found by adding one month to the day you obtained the amount on, plus the number of days it will take for the new month’s 1st to arrive. So, in this example of 26th January, your payment will be due on the 1st of March.
There are two important points to note:
What you pay as part of your first installment is usually higher than the rest of the installments you make. This is due to the extra days you are allotted for the first payment. This amount will be fixed by the lender and you will be informed beforehand because it involves calculations regarding the extra period you got.
It is also good to remember that with each installment there comes a lenient period of 15 days within which your payment will not be considered as a late one. Reverting back to the first example, if you are for instance able to make a payment between the 1st and the 15th of March, your payment will be considered as timely and efficient. After this period, however, late charges as much as 6% (depending on your mortgage package) may apply on your monthly installment.
Methods of Payment
There are a number of ways in which you can make your first mortgage payment and set an organized arrangement for yourself for the rest of the installments to come.
The down payment is practically the amount you pay to purchase the house. Down payment is approximately 20% of the actual amount. So, the difference left between the down payment and actual amount is known to be mortgage.
Is Down Payment Necessary in The Purchasing Of House?
Yes, down payment is necessary in the purchasing of the house. Buying a house immediately causes trouble to stir up because according to the legal authorities, it is not possible to buy a house or area immediately without going through drastic illegal measures.
In the early ages, down payment wasn’t necessary. While majority of the people bought or sold their houses fairly, some did so illegally. It was difficult to distinguish between the either two. From there onwards, the concept of down payment started.
Also, down payment is considered as an advantage to everyone buying the house. It takes away the burden of providing lots of money at once. You can simply pay up to a span of few months nicely and get your own house in the process.
How Much Do You Need to Pay?
This depends on the house itself. It shouldn’t be extremely less and shouldn’t be more than usual. There is no such thing as ideal amount but 20% of the actual amount can be considered as a steady down payment.
It mainly depends upon your financial condition as well. You can pay 3% of the down payment and still purchase the house but that means paying double the mortgage. In such cases, the flow of cash reduces after a span of few months and then you’re forced to look for other options like loans. If you have a steady flow of income and your funding is about 580 approximately then paying 20% down payment shouldn’t be a problem.
You can always get a loan from the bank. However, the loan used as a down payment comes with extra interest. So, ponder upon the thought and see if it works for you.
‘Gift’ isn’t exactly a present but rather a loan from relatives or close friends. Just enough to cover your down payment. Slowly, you can adjust yourself and your monetary conditions and pay them back.
Other options include private insurance, some deals and bank work etc.
Payment Required for A House
The down payment required by a house comes in variety. For instance, you want to buy a house for $250,000, then the down payment for this should be at least $8750. However, you can always pay less or more depending upon your financials.
If you want to analyze the down payment of any house then do so with a down payment calculator. The services of this calculator are provided by the internet. You can check it out there or talk to your realtor or somebody experienced in real estate business. Either way, this will give you a rough idea of what you’re about to get yourself into.
Buying a house is never really an instinctive decision, and usually has months of thoughts put into it. However, Freddie Mac may not agree with you right now, not after this forecast.
What Is the Forecast?
Mortgage rates are some of the most closely monitored figures in the world, and the way they are shifting is not really an encouraging trend. It is predicted that by the last quarter of 2019, mortgage rates would go as high as 5.1% for 30-year fixed mortgage houses, which is an incredibly high price to pay in the upcoming days.
There’s more to the picture than meets the eye. The applicants for this mortgage exceed those of any other kind all over the country because the pressure of payment is gradual and never really takes an individual by storm. What this blatantly means is that next year the number of people able to afford houses will drop magnificently owning to the hesitation of paying a 5.1% mortgage rate.
Is There A Good Side to It?
The rate of growth of houses in the market annually is 7.1% today, which means that to feed the demand of a higher population, more and more places are being constructed. The price is being paid in the form of higher prices, which is compelling many individuals to shift to a rental system. Freddie Mac predicts that this will create a downward pressure on the market, leading to the drop in the growth rate to 4.3%, and eventually a decrease in the price as well.
The underlying question is how long will it take for the good news to come about?
Is it smarter to wait for the prices to fall with a greater mortgage rate or act now when you can expect your property to be valued highly? The better choice is today.
The following are some of the most expected impacts of these changes in the market:
1. Increased Competition
By no means is the number of buyers decreasing. In fact, with more and more millennials looking to get employed and establish their separate household, the houses being constructed presently are going to hold key importance. This healthy competition in the market will compel the prices to remain stable despite an increase in the supply of houses.
2. Home Sales
The sales of houses cannot be computed directly to the increase in mortgage rates, because that is simply one factor affecting the total ability of individuals to purchase. The overall purchasing power of the America community, for example, is perhaps rising on average alongside these prices. If the rate of purchase remains as steady as it is right now then the growth of houses may actually end up going above 7%.
3. Down Payments
It goes without a doubt that the upcoming troubles of the near future will result in individuals making quick decisions about purchasing houses. This may lead to an increase in the down payments demanded by homeowners because they know they’re dealing in a relatively less profitable time.
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