Larry Costa REALTOR®
CENTURY 21 Classic Gold | 508-272-8028 | larry@larrycosta.com


Posted by Larry Costa REALTOR® on 12/15/2017

Many new homeowners are eager to begin renovations on their home to make it fit the beautiful picture they have in their mind. Unfortunately the aesthetic improvements, while important, are often prioritized over important structural and functional repairs that should be made first. The key to making smart financial decisions for renovating your home is to have a good budget and to stick to it. Home improvements are one of the few expenses that people often forget to budget for, alongside car repairs and emergency medical expenses. If done properly, however, a budget will help you prioritize your repairs so you'll spend your time and money wisely. In this article, we'll explain how to budget for home repairs in a way that works for you and your family.

Understanding your money

To budget for home improvements, you first need to budget for other things in your life. Use an app or website like Mint or You Need a Budget to get a better understanding of how you spend your money. For some, budgeting for home improvements may mean cutting back on other spending areas. Fortunately, these apps break down all of your purchases by categories and help you spend less each month.

Ranking your renovations

If you're dying to update the bathroom but the roof needs to be redone, you should call the roofers first. Some home improvements are a ticking time bomb: deteriorating roofs, poor insulation, HVAC issues, water damage, and safety concerns like fire hazards are all problems that need to be addressed first on your budget. Some will save you money, others could save your life, but all of them are more important than adding closet space in your bathroom.

Estimating costs

Do your research when it comes to the the cost of repairs and home improvements. Once you have a ballpark figure, add it into your budgeting app as a new item on your budget. There is a general rule, when budgeting for home repairs, that you should set aside 1% of the cost of your home for maintenance and repairs each year. However, there are many other factors involved in how much it will cost to upkeep your home like the age of the house, the weather in your area, and how well-maintained the home was before you bought it.

Sticking to your budget

Everyone starts with good intentions, but keeping a budget isn't easy. Thankfully, it has been made much more manageable with the help of apps and websites that link right to your bank accounts. To stick to your home repair budget, make sure you sign up for reminders on your spending and progress. If you're keeping a budget the old fashioned way (pen and paper), put reminders on your calendar each month to check if you're spending too much on home repairs. Another key to successful budgeting it to make sure everyone in the house is on the same page. If your significant other plays a role in home repairs, go over your budget together. This will help you keep one another accountable and set priorities that work for everyone.





Posted by Larry Costa REALTOR® on 12/8/2017


1577 Middleboro Ave, Taunton, MA 02718

Single-Family

$334,900
Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Absolutely beautiful PRIVATE retreat lot in Rural east Taunton near Lakeville town line. This newer home sits well back off street and features a large eat in country kitchen with sliders to deck overlooking expansive rear yard and woods. A Formal dining and living room both with brand new hardwood flooring just installed! First floor bath with laundry hookups. A Master bedroom with 2 walk-in closets! All brand new carpeting and just completely painted inside! This home offers plenty of privacy and enough land to build a large outbuilding or garage. Minutes to RTs 495 and 24 and shopping! Hurry!
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Larry Costa REALTOR® on 12/8/2017

A first-time homebuyer often proceeds cautiously as he or she navigates the real estate market. However, if this homebuyer discovers the "perfect" home, the risk to overspend to acquire this residence may prove to be too much to resist.

It is important for a first-time homebuyer to understand what it takes to purchase a house at a price that matches or exceeds his or her expectations. That way, a homebuyer can avoid the temptation to overspend on a house and reduce the likelihood of breaking his or her homebuying budget.

Now, let's take a look at three tips that a first-time homebuyer can use to minimize the risk of overspending on a house.

1. Assess the Housing Market Closely

The housing market frequently fluctuates, and a first-time homebuyer who identifies real estate patterns and trends may be better equipped than others to pay the right price for a residence.

Having the ability to differentiate between a buyer's market and a seller's market is key. If a homebuyer understands the differences between these markets, he or she should have no trouble submitting a reasonable offer on a house based on the current housing market's conditions.

In a buyer's market, there is an abundance of available houses and a shortage of property buyers. This market favors homebuyers, and as a result, a property buyer may be better equipped than ever before to acquire a great house at an affordable price at this time.

Conversely, a seller's market favors home sellers and includes a shortage of high-quality houses and an abundance of homebuyers. In a seller's market, a homebuyer may need to submit a competitive offer on a house, or he or she likely risks losing a residence to potential rivals.

2. Get Pre-Approved for a Mortgage

Want to stick to a homebuying budget? With a mortgage in hand, a first-time homebuyer will know exactly what he or she can spend on a house and narrow a home search accordingly.

To get pre-approved for a mortgage, a homebuyer should meet with several banks and credit unions. This will allow a homebuyer to learn about all of the mortgage options that are available and choose a mortgage that corresponds to his or her finances.

Also, be sure to ask potential lenders plenty of questions about various mortgage options. By doing so, a homebuyer can boost his or her chances of making an informed mortgage decision.

3. Collaborate with a Real Estate Agent

A real estate agent can help a first-time homebuyer explore houses that fall within a specific price range, thereby reducing the risk that a property buyer will overspend on a house.

In addition, a real estate agent is happy to provide honest, unbiased homebuying recommendations. This housing market professional understands the ins and outs of purchasing a house, and as such, will do everything possible to guarantee a property buyer can acquire a terrific residence at a budget-friendly price.

Avoid the temptation to pay too much to buy your dream house – use these tips, and a first-time homebuyer can seamlessly navigate the property buying journey.




Categories: Uncategorized  


Posted by Larry Costa REALTOR® on 12/6/2017


70 Summer St., Kingston, MA 02364

Commercial

$399,900
Price

1
Buildings
Commercial Condo
Type of Comm.
32,234.00
Lot Size
Busy Kingston center location! This building has been almost completely renovated in 2014 with new electrical, plumbing, insulation, HVAC, and more! If you've been looking for a location for your business this could be it! Building is 2500SF and could be used as a retail store, offices and a variety of other uses. RT 3A signage available! Call agent for details.
Open House
No scheduled Open Houses






Tags: Real Estate   Commercial   Kingston   02364  
Categories: New Homes  


Posted by Larry Costa REALTOR® on 12/5/2017


284 Monponsett St., Halifax, MA 02338

Commercial

$1,800
Price

1
Buildings
Office
Type of Comm.
4.32
Lot Size
LOCATION, LOCATION, LOCATION! Large handicap accessible second floor office space (with elevator) in busy location at intersection of Rts 58 and 106. This former medical office features reception and waiting room, file room, exam rooms, handicap bathrooms, lab and 2 private offices. Room layout can be reconfigured for a variety of uses. See attached floor plan or call list agent for details. Building is modern, well maintained and professionally landscaped.
Open House
No scheduled Open Houses






Tags: Real Estate   Commercial   Halifax   02338  
Categories: New Homes  




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