If costs were the same, 40 percent of Americans would prefer a new construction home over a pre-existing home. That is compared to 21 percent who would opt for an established home and 39 percent with no preference.
However, fewer than half of those who strongly prefer a newly-built house are willing to fork over the additional 20 percent that new builds bring on average. Why is that? Although the newness is enticing, it doesn't single-handedly carry the luster during the home-buying experience.
While shiny and new has its allure, what's actually behind these home buyers' preferences? Questions on how to buy a new construction home? What are the pros and cons of buying a house that is newly-constructed? The following points look at some of
…
With the summer season in full swing, home owners all around the Nashville area are surely spending a lot more time outside, enjoying the beautiful scenery that defines Middle Tennessee. Depending on where you live and how much space you have, there are plenty ways to enhance your outdoor living area, especially if you have a fairly large backyard. And with plenty of warm summer days and nights ahead, it's not too late to implement some of these awesome outdoor design ideas:
You have had your home on the market for a while, and no one is biting. Your real estate agent says that you have to make some home improvements to help your property compete in the neighborhood. Set a budget, and pick the updates that will bring your home into the 21st Century.
When it comes to home buying, there are a number of different factors a lender considers. Beyond the standard credit score, they're also looking at the buyer's total financial history—including the entirety of their assets, income, and debt. The debt-to-income (DTI) ratio is a major factor when it comes to the approval chances for a buyer. Why is the DTI ration significant, how do lenders calculate it, and what can home buyers can do to improve their ratio?
The debate between renting and buying has been going on for years. It's something many are faced with, especially when moving to a new city. Here are some of the things you should consider if you're thinking about buying or renting a home.
Buying a home is a huge decision, not only because of how much they cost, but because there are a lot of moving parts that affect the purchasing process. Various types of safeguards are put in place during the normal home buying process that work to protect both the seller and the buyer, and in most cases, they are referred to as contingencies. What do these contingencies mean and how can they help a buyer? Let’s explore three common ones and how they work.
Cabinets are a major component of a homeowner's kitchen, which can make them a smart home project for owners who want to improve the value of their Brentwood TN property. Renovating or replacing the kitchen cabinets can also be a good way to increase the convenience and aesthetics for residents too. However, before heading to the hardware store, homeowners may want to keep the following tips and suggestions in mind to maximize their efforts. The more the homeowner knows, the more likely it is they'll stay within their budget.
Home down payments can be a significant expense for a first-time buyer, who might not be able to pay as much towards a down payment as someone who already owns a home and is able to sell it in order to finance the purchase of their next home. This can put first-time home buyers at a disadvantage in the home-buying market and raise important questions as they struggle to put together the money necessary to make the down payment on a home.