In 2016, more than 36.6% of American households rented out their homes. However, times are changing. People are seeking to move out of the rental sector and become homeowners. Rent is expensive, and you will never own your home. When you are looking for a house to buy, there are two options: pre-existing or newly built. Although pre-existing homes can be great, they don't have many of the same advantages as newly built homes. These are some of the top benefits that you can look forward to when you purchase a new home instead of moving into an older house. 1. MINIMUM MAINTENANCE REQUIREMENTS Contractors construct new homes using entirely new materials. They are in excellent condition before and after the installation. This will make your house look better and reduce your home maintenance costs. It's like this: Older homes have older fixtures and building materials. As fixtures age, there [...]

This is a crucial question that needs to be answered. You will ultimately have to decide how you want to proceed based upon your situation and your tolerance for risk. There are two options to consider when you purchase a new home and presently own a home: 1. SELLING YOUR PRESENT HOME BEFORE STARTING CONSTRUCTION ON THE NEW HOME You can sell your existing home before you build a new one. This allows you to estimate how much you will need to pay. If the buyer does not allow you to stay in your current home, it will most likely require you to find temporary living quarters or move furniture twice. The buyer should not settle on the current house until the new one is completed. However, buyers will often want to buy and move in before the normal building time for a new home. A buyer might also be [...]

Once you have found a buyer, all that is required to close the deal is to avoid these five traps. Finding a buyer is only the first step in the home-selling process. Be careful in the coming weeks, as if you make any of these common selling mistakes, your deal might not close. First Mistake: Ignore contingencies Do what your contract calls for. You shouldn't make the sale conditional on repairs. Buyers won't notice if you do cheap fixes. Second Mistake: Don't bother fixing things that break A seller doesn't want buyers to notice that the home isn’t in the same state it was when they offered. Sellers must repair any damage to a house that is about to be bought. The furnace should be repaired by a qualified professional. If you fail to maintain your home, buyers will lose faith in your integrity and home's condition and may decide [...]