Predictions for 2018's Housing Market

The Michigan real estate market is no exception, 2018 is projected to be a strong year in real estate.  Here are some pros and cons of buying and selling your home in the Michigan real estate market in 2018.


Mortgage Rates are on the Rise

Although rates are projected to increase in 2018, they are only projected to slightly rise. This means now more than ever is a great time to buy as they will only continue to rise over the next year or so, and you can still get a great rate!

Rent Prices Increase

Millennials are reaching the point in their life where they are having to make the decision of continuing to rent or becoming a homeowner. As rent prices rise it is becoming increasingly affordable to take on a mortgage. Many renters are finding they are able to take on a mortgage for the same, or at times, a cheaper monthly payment!

Low Inventory on the Market

Low housing inventory will continue into the new year, which will make it a great time for sellers. This trend will result in homes to selling quicker at a higher price. It's more important than ever for buyers to have a real estate agent working for them. Having an agent will get you the quickest access to homes once they're on the market.

Housing Prices on the Rise

As the demand for houses remains higher than the supply, many home prices will rise. Housing will become less affordable which will hurt Millennials and those that are renting the most. It's always best to work with a trusted real estate agent to best determine the listing price for your home. An experienced real estate agent has the knowledge and experience in your market and will be able to guide you to reach top dollar for your home.

The market for 2018 is really at a stage that can work well for both sellers and buyers.  Since rent prices are on the rise and mortgage rates are slowly increasing as well, now is a great time for renters to become homeowners!  with motivated buyers on the market and low inventory now is a great opportunity for sellers to get multiple offers on their home. If you are looking to buy, the first step is to consult an experienced real estate agent and get pre-approved for a mortgage.  Sellers will want to consult with a real estate agent for expert advice on their home value and the current market!


Feb. 8, 2019

Decluttering to prepare your home for the market

There are many different things that you can do to prepare your home for being placed on today's growing market. Decluttering is one of the most inexpensive and easy ways to catch the eye of potential buyers. Another advantage to decluttering is that it can help prepare you to move and even help get rid of some of the items you really don’t need anymore anyway. This can be a large project but make sure that you always start by making a plan. Making your home appear as large and functional as possible within the provided space should be your main goal when decluttering. Removing the clutter from around the house will create the more open feel that most buyers are searching for. Here are a few tips to help you stay focused:

Start by considering what your potential buyers are going to see first when they walk into your home. Of course they will first notice the outdoor aspects of your home such as the yard, driveway, and even the front door. These areas should be well maintained so that it encourages people to come inside rather than drive away. Starting this cleaning process around the exterior of your home so that you don't waste money on the interior for potential buyers to be turned off by what they see outside.

Focus on One Room at a Time It is important that for each room you make a list of what you plan to do. Lists can be made on paper or you could even download an app on your phone to help you plan for big projects like this. Break the large task into the smallest chunks possible to make it easier to accomplish. The more you check off, the better you’ll feel and the more momentum you’re going to build to keep going.

Furniture Having a living room full of furniture can be great for when the family gets together, however it can be a turn off to buyers when they enter the house because they aren't seeing a different way the space in the room could be used due to the crowding of furniture. Get as much of the furniture out of the way and leave the pieces that are the nicest or the newest for the very best first impression.

Counter Space Counter tops can very easily turn into storage space when you own a home. However, before putting your house on the market try to tidy up those counter tops because potential buyers will see this and will assume that there isn't enough storage provided. No potential buyer will be looking for a house without the proper amount of storage, the search for the right amount of storage could be the reason they're moving in the first place.

Garage and Storage Spaces These are great places to store things that you aren't quite ready to get rid of but don't know where to put it. Your potential buyers are going to be trying to picture their own belongings in that space. Installing shelves or racks can help to give an appearance of organization within the room.

After you have completed the decluttering process you will need to sort through everything you've removed from your home and decide what to do with it. Items can be resold, put into a storage unit, recycled, or even donated. We hope that these tips will help you through the process of decluttering your home and preparing it for the market.

Feb. 4, 2019

Exploring new flooring options

When buying a new home there are always a few things that you would rather upgrade than keep. Flooring is typically one of those things you can live with but an upgrade would pull that room together. Whether it is your kitchen hardwood or your bedroom carpet it is typically an easy fix, especially if you have the flooring replaced before you start moving in. Although getting that new floor installed is rather easy, it is picking out the new material that can be tough.

Whether you have owned your home for a while or you are buying a new house, deciding what material to use can be pretty stressful. There are so many options available and within those an even larger variety of materials, colors, and designs.

Carpet This is the typical go to for living areas and bedrooms, wall-to-wall carpet has been a popular flooring choice for a over a century. When choosing your next carpet look for the best mid-grade carpet you can afford. Make sure to get the right carpet pad as well, this will insure that you get the longest life possible out of them both. A few of the most popular places for carpet in your home are bedrooms, offices, and living rooms.

Tile  Today’s tile comes in a huge variety of colors, shapes, and sizes, but it all has one thing in common: it’s nearly indestructible when installed properly. The two different categories of tile are wall tile and floor tile. When choosing a tile make sure that you have kept in mind how uneven your floor is. Typically smaller tiles are more forgiving of uneven floors. When a tile doesn’t make full contact with the mortar bed, it will come loose, then others will follow. A few popular spaces for tile in your home are high traffic areas such as kitchens, bathrooms, dining rooms, mudrooms and laundry rooms.

Wood Wood floors are timeless and sturdy and come in both solid wood and engineered formats. Solid wood floors give you a floor that’s completely seamless. Many people choose prefinished wood floors to make installation easier, but unfinished wood floors are still available. Engineered wood floors are made from layers of wood and plywood. Although they have the look of finished solid wood floors they are overall not as durable. Some of the most common places for wood flooring throughout the house are entryways, kitchens, living rooms, and dining rooms.

Laminate  Laminate flooring is a very durable, flexible and affordable hard surface for all sorts of homes and situations. Being very similar to engineered wood flooring, laminate flooring consists of several layers of materials. Unlike a wood floor, laminate floors are installed without glue or nails, which is why some people still refer to them as “floating floors.” Because the material is designed as tongue and groove boards, everything fits tightly as your jigsaw puzzle of a floor is constructed. When it’s done, all that’s required to hold it in place is properly installed trim. Laminate flooring is common in many places throughout your home especially kitchens and bathrooms.

Posted in Buying a Home
Jan. 18, 2019

A few points to consider before you go out window shopping

Image result for installing new windows

It can be very easy to overlook the widows in your home, whether you have just purchased your home or you've owned it for a while now. You probably know that a lot of glass and natural light is awesome, but it comes at a cost. As windows age and homes settle, windows will slowly begin to misshape overtime. However this process happens so slowly that you don't really seem to notice until those cold winds start blowing into your home. 


When it comes to replacing the big things in your house, windows are pretty huge chore. Replacing your windows compares to the work of getting a new roof or trying to retile your kitchen floor. Eventually overtime all of these jobs will need to be done, however there are occasions where you may be able to fix stuff overtime rather than all at once! Replacing all the windows in your home can be a huge investment that won't reap the greatest return. So before you decide to go out window shopping make sure that you are confident that new windows is exactly what you need. Here are a list of questions that will help you decide if purchasing new windows is the right move after all.


  1. Are your energy bills climbing or already high? If your utility bills are showing a significant rise over the last few years windows are often the culprit. This usually occurs from an increased use of power or gas from a home. In order to figure out just where this energy loss is coming from an infrared camera can come in handy! 
  2. Are they tricky to open or won’t stay open without a prop? Really old windows may have a problem staying open because their corded weights have broken after decades of use and fallen into the interior space between the window and the wall. Newer windows might refuse to close because they’ve shifted ever so slightly. Either way, these are windows that are a huge pain to operate. That alone can be a good reason to replace them.
  3. Do you wake up to condensation between the window glass panes? If there just happens to be a small amount of condensation this isn't anything to really worry about, however if this is a reoccurring problem and it lasts throughout the day the window pane seal has most likely been broken. Sometimes you can contact the manufacturer and order a replacement pane, although once ordered it can be difficult to install and a bit pricey, which is why many people choose new windows at this stage. Having a window with a busted seal is one that’s will cost you serious cash. 
  4. Is there extensive damage? Sometimes the damage to your windows can’t really be seen until you open them up, examine moving parts closely and, when necessary, remove some trim to look for rot that’s hidden inside the wall. Small sections of damage can sometimes be repaired, but larger areas indicate that you need to fix whatever caused the damage in the first place and then replace that window with one that’s new and healthy.


If you go over the problems above and find out that your windows don't actually need to be replaced and you are just having a problem with heat loss, here are a few different things that you can do to maximize the efficiency of your windows during the cold winter months.

  • Winterize your windows by going around the outside of the house and sealing any cracks that you might find. Applying a new bead of caulk around each window will also help with reducing the drafts you are feeling inside your home. 
  • Put up window insulation film as a temporary fix for the winter. Window film can be installed on the cold windows in question. When installed properly, you can barely tell there’s anything between the room and the window.
  • Installing heavy curtains will help reduce both heat loss and drafts. 


Posted in Home Maintenance
Jan. 14, 2019

Carpet cleaning for pet owners

It is truly amazing how much having a pet can effect your life in a positive way! Pets can overall reduce stress, increase your fitness level,  improve your health and initially make you a lot happier. However, with all of these positive things comes the other contributions your pets leave behind including urine stains on the carpet, fur clinging everything you can imagine, or even the occasional hairball. Cleaning the carpet is usually going to be a necessity sooner rather than later when it comes to most animals. 


Carpet and the right cleaner!

There’s a lot of bad advice online about how to clean your pet’s urine spots on your carpet. Some internet sources will tell you to just throw some paper towel down and then basically try to absorb the liquid all up by stepping down on it. However, that is probably the worst thing you can do. Most carpets are really absorbent, but much of the absorbing occurs below the rug and in the padding below it. So when you think you are soaking up this liquid mess by stomping on it you are actually stomping it further into the pad below. The most efficient way to clean up would be by purchasing a tool that can extract fluid from rugs, like a handheld extractor, a floor cleaner with an extract-only mode, or even using a wet/dry vac to do the trick. All of these tools are far more effective than using paper towels to try and get the job done. 


When the time comes that you need to clean up the carpet, always follow the same procedure:

  1. Use one of the tools mentioned above to pull as much fluid as possible out of the carpet and pad. Remember that the small spot on top of the carpet may be hiding a much larger spot that’s locked in the pad. Keep extracting in a wide arc until nothing else comes out.
  2. Treat your carpet with a bio-enzymatic cleaner. Don’t use a carpet cleaner first or you may lock any stains into the carpet permanently.
  3. If a spot remains, use a stain remover to help break it up after the bio-enzymatic cleaners are done doing their job! 


Of course, liquids aren’t the only gifts your pets will leave behind. When it’s a bit more solid, you’ll want to follow similar guidelines, except when you clean the solids, use a putty knife to avoid pushing the solids deeper into the carpet. If it’s any serious kind of solid, you’ll want to swap the bio-enzymatic cleaner for one that’s also oxygenated.


So much hair, everywhere!

You love your pets so much, but they can have so much hair that they leave around where ever it happens to fall. Pet hair in carpets can require a lot of effort to keep cleaned up, but if you can’t choose between the pet or the carpet, give these tips a try:

  1. Wrap masking tape around an old paint roller attached to a broom handle. This trick will leave you what is literally just a giant lint roller! The tape will help you get the hair off of the surface of the carpet! However, you should probably still vacuum afterwards!
  2. Purchase a high powered, pet-focused vacuum with a HEPA filter.  This is probably the best general purpose tool you can get for dealing with hair in carpet. You’ll need to vacuum a few times a week to keep ahead of all the hair lost. 



Posted in Home Maintenance
Jan. 11, 2019

The benefits of hiring a real estate agent when you are searching for your next home!

Whether you are just thinking about buying a home or you are already on the search, the one person you need is a great realtor. You may feel that as a potential buyer you can go at this house search alone, but there are many things that you may not be considering. A buyer's agent would represent you throughout the whole transaction, always keeping your best interest in mind. Many potential buyers are under the impression that if they hire a buyer's agent they will have to pay an extra fee for their services. However, the commission is almost always covered on the sellers side. Hiring an agent will not only help you find houses that are best for you but also help your purchase go smoother all together! Here are a few things that a buyers agent will do for you throughout the process: 


1. An agent will know the market inside and out. There’s only so much you can learn about your housing market from looking at houses online. An experienced agent can tell you more about the areas that you are searching in. Helping you find the perfect home that suits your wants and needs. Typically realtors are active members of the areas they service and know a lot about the community.  


2. Find you the right house, not just any house.  Great realtors will understand their clients wants and needs. Your agent will be searching all over for houses that are in your criteria while you are going to work and having a life. Making a list of homes that fit into what you are looking for and taking you shopping. It is their job to keep searching until the right house appears, no matter how long it takes. Having a buyer's agent will save you hours of time that would have otherwise been occupied by searching for a home. 


3. Be there to ease the stress of the buying process. Buying a house can be emotionally draining. A buyers agent will always be there to answer any questions that you have along the way and make the process as easy as they can for you. From home shopping to the closing table a buyer's agent will be there for you when you start to panic or stress.


4. Give you advice on creating a reasonable offer.  Most agents have typically written many offers throughout their career, some that were accepted, some that were not. You can take advantage of their professional experience and ask for help creating an offer that will have a better chance of getting accepted. 

5. Protect you and your rights throughout the buying process. They are basically a human shield that stands between you and all the worst things in the market. It is their job to handle all of the negotiating in a deal from start to finish. Through the whole process your agent will have your best interest as their first priority. 


6. Keep in touch after closing. Buyer’s Agents don’t just drop you once they’ve cashed their checks. They’re around for you no matter what it is that you need help with, real estate-wise. 


Posted in Buying a Home
Jan. 7, 2019

Preventing your basement from flooding

All homes have their quirks that require some special care and consideration, but when it comes to homes with basements, it’s a whole different ball game. Your basement is more than just a cement-lined hole in the ground, it’s a big part of your home. Although the basement, unlike many other rooms in a house, can develop problems with water, either coming in from outside or coming down from the floor above. Water in a basement can result in higher humidity levels, musty odors and the growth of mold.

Your basement isn't meant to be holding water, so if you start to see a problem its time to find the source so you can fix it for good. Even a little bit of water seeping into your basement on the regular is cause for concern. Besides the mold and foul smells mentioned above, that water helps encourage pests that live in moist environments. Don’t encourage the mold and bugs. Instead, try these easy ways to keep water out of your basement:

1.Check the grading around your house. From year to year you can expect some erosion because the water has been flowing around your home's foundation. If you find that there is only a little bit of erosion it is usually not a big deal, but as time goes on make sure that you are monitoring it because as time goes on it is possible that it will get worse. Eventually, you may even end up with a negative grade, essentially a grade in your yard that diverts water to your house rather than away from it. 

2. Ensure that all gutters and downspouts are in working order. Water that spills over the sides of your gutters is water that can go anywhere it pleases. That’s why clean gutters are so important to keeping water out of your basement. Try to clean out your gutters at least twice a year, especially during the months after the leaves have fallen. If you are having trouble seeing if there are any leaks or problems, water from the garden hose can help you figure out where problems exist. Other add-ons like splash blocks and downspout extensions further redirect water once it’s on the ground.

3. Check the plumbing. It may be unpleasant to consider, but if that water isn’t coming from outside, then it has to be coming from inside. Leaky toilets and shower drains are always suspect, but any part of the plumbing system could have a small persistent leak. If you can find it, you can fix it and stop any potential damage that could be happening overhead, too.

4. Examine your furnace air handler. When your run your air conditioner, room air is pulled into your furnace or air handler, run across something called an a-coil (due to its shape) and pushed back out much colder than when it started. In the brief moments that the room air is above the a-coil, it drops a significant amount of water into a pan below as it rapidly changes temperature. From there, the water goes away through a condensation line. This is what happens in a perfect world. However if you don't maintain your condensation line it can get plugged up causing the pan in the furnace to overflow onto the floor. 

These tips should help solve your basement water problem, but if it continues to reoccur, waterproofing or installing a sump pump may be warranted. Generally, if your water issue is more than a small puddle, it’s better to just to go ahead and call in a professional rather than to continue to beat your head against the problem.


Posted in Home Maintenance
Dec. 11, 2018

Making your Relocation Easier

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There are many reasons that you could need to relocate throughout your life. Whether it be because of a job or because of family, relocating leaves you with a big move ahead of you and there is a lot to think about before even starting this process. Moving away from home can be a very positive experience, even if it is a crazy process. This process can be a stressful time, but these tips should help you in surviving the experience:


#1 Have plenty of money available. There will be a few payments that you will have to make up front, such as the payment on the housing and a down payment to turn on the utilities. However, there often will be additional expenses that you'll need to cover that were not originally thought of. A good example of a payment you may not have originally planned on making would be the expenses of stopping at a hotel over night over the course of your trip.

Plan for your known expenses, then add as much as you can to the pool in case of an emergency. The more money you have to work with, the less you will stress if an emergency were to occur.


#2. Make sure that everybody is on the same page. Moving to a new place can give the average person plenty of room to let their imagination run wild. It’s important that you and your family get on the same page with respect to the details of your move and stay focused on it. Do this by having a family meeting and writing down what everyone realistically hopes to get out of the move. Once you have this all laid out you can draw up a plan so that everyone will know the details and there will be less room for a misunderstanding to occur. 


#3. Give yourself twice as much time as you think it’ll take for pre-moving tasks. If you’re not planning on hiring a mover and doing your own packing to help the cost of the move, it’s important that you give yourself plenty of time. Decluttering can be difficult when you’re trying to figure out just what you will be able to fit on the moving truck. Depending on how quickly you need to move, there are different companies that will come pick up your used items that you don't need. Plan your time and stick to the plan.


#4. Visit your family doctor one more time. Having a final visit with your doctor gives you an opportunity to discuss anything that has been problematic for you, as well as getting your medicine refilled so you’ll not run out before you find a new PCP. This is a great time to ask about getting copies of your records, too! Make sure to do the same for your children and pets.


#5. Stop by the shop. While you’re getting your own check up, don’t forget about the vehicle or vehicles that you’re taking with you. Drop in at your local mechanic, the one you use for everything and trust to do the job right, and have them inspect and repair anything that looks like it needs to be addressed. Ask if you need new tires, spark plugs or a tune-up. There’s nothing as stressful as getting into a car that’s fully packed and full of kids or pets only to discover that your car has a bunch of symbols on the dash lit up that were never lit up before.


#6. Keep your eye on the prize. Preparing for a move when you have to do it all in one go can be amazingly stressful on body and soul, which is why it is super important that you remember why you are doing it all. You’re moving for a better opportunity, good schools, a chance to use your degree for once — whatever your reason, it’s yours and it’ll help if you keep positive thoughts on your mind.


Nov. 30, 2018

Winterizing your Home this Winter

Image result for winter homeThe holiday seasons have arrived, with the holidays comes the cold, the ice, and the snow. The coming weather is capable of causing significant damage to your home if you aren't prepared. There are many different ways of winterizing your home depending on where you live. For example, in warmer areas you won't even really realize that winter has come. However in colder areas like New Jersey people go all out making sure that anything holding water is emptied, heated, or insulated. Here are a few things you should check before the first freeze comes to ensure that this winter doesn't bring any significant damage to your home. 


#1 Trim Trees and Empty Sprinklers

While you’re out cleaning up the yard, trim any overhanging branches from your trees so that accumulating ice and strong winds won’t bring them down onto your house, car or garage. If you have a sprinkler system and haven’t emptied it yet, now is the time to disconnect the water and blow it out according to your system’s design.


#2. Check Your Gutters 

Cleaning out you gutters after the autumn leaves have fallen is always a great idea. Gutters are one of the big causes of ice dams, which can cause water to back up into your attic. If this is a repeating occurrence it can become damaging, so to be safe, check those gutters again and clean out anything you missed or that has accumulated since your last round of cleaning.


#3. Cover Your Outside Faucets

Buying a cover for each of your outdoor faucets, even if they’re frost free, can be very beneficial in the long run. You should have already removed any hoses as soon as the nighttime temperatures started to dip. Some people wrap their faucets with pipe insulation, but for the long run, the styrofoam caps can’t be beat. They’re easy to install, hold tight all winter and are easy to store until the next year.


#4. Wrap Your Pipes

Homes with crawl spaces are especially susceptible to frozen pipes during the winter. First, make sure your foundation vents are closed to keep cold wind from blowing into the space, then get a little more hands on with the pipes. Anything on an outside wall should be wrapped with pipe insulation, heat tape can also be installed for pipes that are more likely to freeze. Taking these extra precautionary steps will save you in the long run to help you prevent your pipes from bursting. 


#5. Caulk and Weatherstrip Doors and Windows

Check your windows and doors finding where you can replace any dried up or loose calk.

Make sure that you push the new caulk into the opening as you dispense it. Angling the tip so you can move across a section of trim with a single motion to create an uninterrupted bead.

This is also the right time to check your weatherstripping. Between your doors and windows cold air and drafts will be likely to sneak in. If you are replacing this weatherstripping take a sample of what you need to the hardware store, as the selection is very large. 


#6. Have You Had That Chimney Checked?

Checking your own chimney is not only a bad idea but it can be very dangerous as well. A quick check by a chimney sweep is an affordable alternative to a chimney fire. The thing is that what you can see from the hearth isn’t much, a lot of chimney fires start further up.

If you have a wood stove with a double or triple walled flue, you may have better access to the entire length of the chimney, but don’t ever take a chance on anything that burns as hot as a wood stove or fireplace. This is one item in your house that can have disastrous results if you don’t maintain it regularly. 


Posted in Home Maintenance
Nov. 29, 2018

Finding A Smart Security Camera

Home security devices are very common. They are both inexpensive and can be used for all types of different things around your home, whether it be keeping an eye on your dog while you're away or just checking in to see who's knocking at your front door. With modern technology you can even keep an eye on vacation homes or empty rentals while you are away from them. If there is anything you want to see a modern smart security camera can almost always help you out! There are several different security camera brands, however it's not so much the brand that matters as much as it is the features that the camera has to offer. There are also many different cameras that all fit under the security camera category. Here are a few of the categories offered. 


Webcams: These cameras allow you to view a live feed of whatever you are pointing them at. This is perfect for checking in, but won't alert you of movements and unusual sounds.


Video Doorbells: With this type of camera you are offered a decent view of the porch area. This is a great solution if you order a lot of packages. You can interact with people who ring the bell and when placed properly, the camera will alert and record quite a bit of activity within its field of vision. 


Indoor Security: When buying a true security camera, you should be able to customize it to your exact needs. Most of the security cameras can even move in all directions to give you a better idea of just what is going on in that room or living area. 


Outdoor Security: Outdoor security cameras are much like the indoor ones, except that they have more durable housing and may be powered using things like solar panels to keep the maintenance to a minimum. Attach it, point it and forget it until it wakes you up at 2 am because someone is walking their dog down the street in front of your house.

--Think about this--

After you have chosen the camera you have been looking for, it is time to consider all of the several valuable features that are bundled with the camera. Before you buy, consider these important points:


Power Source and Connectivity:  Some cameras will need to be plugged into power while others don't. Another option that security cameras offer is connection to WiFi. Regarding connectivity, cameras can also run off of your cellular network. 


What’s the App Like? Each camera company will have an app that’s slightly different. Check them out in your Android or Apple store before choosing a camera. It’s important that you can use this software without a lot of headaches.


Feed Type: There are generally two types of feeds that come with smart home security cameras: live or triggered. The live feeds will always be available to show you what is happening when you decide to check it. Triggered feed will only record when it detects a movement or sound, providing you only with a picture of what was happening during that time. Many devices offer both, but if your eye is on a camera with a single option, choose the one you think you’ll use more.


Posted in Home Maintenance
Nov. 27, 2018

A Few Things to Consider Before Buying a Vacation Home

Imagine waking up to the sounds of the waves crashing on the shore outside your very own home. You don't have to worry about calling ahead for reservations, asking anyone for a key, or having an exact time to check out by when you decide that it is time to leave. This house is all yours to do whatever you want with, it's your very own vacation home. However, before you get too caught up in any fantasy consider some of the pros and cons of owning a home away from home.


Vacation Home Aren't for Everybody 

There are many financial pressure that the real estate market responds to. Most people are just waiting for their favorite vacation spot to experience a market correction. If you're one of these people, don't jump into the vacation home market without really considering what you are doing. Of course it would be cool to own a vacation home, but if you never use the home it could be the wrong call. Here are a few points to consider when buying a vacation home. 


What can you afford?

Many vacation homes will be on the market for several times the price that your personal home is worth. Due to this big increase in price, many buyers will try to pool their assets together with family or friends to purchase a vacation home. Doing this might seem like the right plan but buying a vacation home with anyone that you are not married to can result in a long term problem. There can be many problems that arise when you try to pool your assets with a friend such as a disagreement on location or even your co-borrower having poor credit and being unable to pay part of their down payment. Once you've bought the property the question of who pays for what repairs could arise as will. Make sure that you get a lawyer to draw up a maintenance and payment agreement that you both sign to get everything on paper and make it official. 


Buying a vacation home on your own can still be complicated.

When you buy a vacation home, you’re almost always going to use a conventional mortgage. Make sure that you have great credit, debt to income ratio and, most importantly, a lot of cash. Being a owner of a secondary home can been seen as very risky to the banks. 

They should still lend to you, but they’ll want to see that you have anywhere from two to 12 months of funds already in an account somewhere that are equal to a certain number of months’ worth of payments for both of your homes. This also includes anything wrapped into your payment due to escrow, like homeowners’ insurance and taxes.


Off-season care and maintenance 

If you have friends or family that live near by your vacation home, you are probably all set when it comes to off-season care and maintenance. However if this inst the case this is something you should think about before purchasing a vacation home. This plan should consider the problems that develop overtime as the wear and tear happens when no one is looking. Since your property is a vacation home, it will also require more expensive insurance coverage, as well as specialty insurance if it’s in an area where floods, hurricanes or earthquakes are common.


Selling can be difficult and costly. 

For every one of the real estate experts who claim that buying a vacation home is a great way to make money, there are experts who realize that the market is unpredictable and you may find that you don’t love that vacation home as much as you thought in a few years.

After spending two years dealing with short term renters, you may decide it’s easier for you to go back to renting a nice hotel for your vacation stay, rather than owning a headache of a property. That’s a good idea, until you find out that not only has the market bottomed out, but you can’t even get enough money out of the place to cover the mortgage and your closing costs.

If you still think that a second home is still for you after looking over this list, proceed with caution. Avoid buying a project house unless you have someone else to do the work so that you can relax and enjoy your vacation home to the fullest when you come to stay.

Posted in Buying a Home