How To Find A Home You Can Afford

Are you looking to buy a new home? If so, it's important to explore all your options. From different price ranges to different locations, your options are endless.

If you're on a tighter budget, here are some ways you can make sure you buy a home you can afford:

Location: the first thing to consider is the location of your home. There is a big difference between living in Ohio and living in downtown New York. Prices will vary tremendously based on the location.

Square foot: it's also important to take a look at the square footage of the home. Find a home that is the right size for your budget and your lifestyle.

Features: you also want to consider the features of the home. For example, are you looking for a home with granite counter tops and stainless steel appliances or something simple? All the features will vary tremendously.

Yard: your yard and landscaping will also affect the price tremendously. From a pool to no landscaping at all, it's important to find what's important to you.

Realtor: have a realtor help you find your dream home. They will keep you within your price range and show you all your possible locations.

As you can see, there are plenty of ways you can find a home that is within your price range.

The Money You’ll Save during the Crisis

In an earlier post, we talked about the different things you could do, as a homeowner, to raise the value of your home during this housing crisis. Among the items listed was "putting in a home security system" and that got people asking and wondering just how that works.

Today, we're going to spend this entry talking about that in more detail but, first, a bit of trivia.

How much do you think the average homeowner pays on their home insurance premiums? If you guessed anything lower than 500 then, please, let us move in with you.

Truth be told, 500 is the norm but it can be even higher for some households in this country. However, homes with security systems present are eligible, depending on the provider, for a 20 percent discount on premiums.

Homes with systems in place are also more valuable for other, less obvious reasons. Most of the time, criminals won't even bother if they believe a home as a system. That home, in question, develops a reputation in the criminal world and people who have nothing better to do than steal learn to stay away. It's a valuable reputation worth having. Especially if you mean to sell during the crisis.

And, of course, there are plenty of sites for homesecurity101.com on wireless home security systems, as well. So if you're interested in other perks that systems can net you, then check out the various providers online. Shop around and see for yourself.

Increasing Your Home’s Value During Crisis

The Housing Crisis might not be quite as bad now as it was when it first began. However, the fact remains that many people in this country are still having a hard time buying a home and many people are having an even harder time selling. Fear not. There are a few things you can do around the house that can help bolster the overall value of the place. Below are a couple suggestions: 1. Put in a home security system. The proven effectiveness of home security systems and the peace of mind implied by having one can really raise the value of your home. 2. Update the kitchen. Kitchens are considered one of the most important areas of a home and one of the key deal breakers when it comes to buyers. A kitchen with a view is always a plus. 3. Decent windows. If your current windows are old enough to let in a draft, buyers are going to notice and that's not going to look too good. Replacing the windows might seem like quite the investment, but it can all pay off in the end - especially if it helps sell the home.

The Housing Bubble: The Effect On Middle Class

The housing crisis is becoming more and more of a problem with the struggling economy. Before the economy started to struggle, we already had a problem with homelessness and with the struggling economy things have got much worse. Employers are getting more and more picky about who they hire, they would much rather have someone with a college degree and a few years of experience over someone who does not have a college degree and worked in a job doing the exact same job description for the last five to ten years prior to applying for a job with a company after the colapse of the economy. The less jobs that are available to people, the more people are going to have to put their house on the market to sell, or they will have to give notice to a landlord that they are being forced to move because they can't make enough money to pay the rent. These people will more than likely move in with relatives or friends and help them to pay their rent or help them to pay their utilities and maybe even put food on the table. People are starting to wonder if and when these circumstances will change for the better. More info here: Does a college degree carry as much weight as 20 years ago?

Are There Enough Houses For Sale?

This Country's Housing Crisis is Like the Great Depression even though the real estate industry prognosticators continue to tell us that the market signs are beginning to show signs of a turn-around. Of course, these are all paid mouthpieces for the real estate industry so one could discount their data. It is estimated that 1.2 million homes were lost during the recent recession, and people are continuing to lose homes now. However, there is a shortage of clean, affordable housing. Want more? Click here. In some locations in California homes are getting multiple bids. All areas except Detroit are looking for a greater inventory of homes to buy. Many buyers have been setting on the sidelines waiting for the housing market to hit bottom. These buyers are seeing prices creep up and are beginning to get into the buying mode to find that one gem at the right price. The more this action happens the more the prices will move upward. Many areas of the Country are seeing multiple offers on a property. The problem that continues to plague the market is lack of good, clean and affordable properties. The answer is no, there are not enough of the right homes for sale.

Living Large: A Home You Can’t Afford

If you have more home than you can afford, you are not alone. Many, many people purchased homes during the real estate boom of the 1990's and early 2000's. Mortgage companies, banks and brokers encouraged borrowers to purchase expensive homes and refinance existing homes, at up to 110 percent of the home's value or equity. If you were fortunate enough to keep your home after the crash of the housing market, you probably struggle to pay your mortgage every month.

Home owners that owe more on their mortgage than their property is worth have limited options. The federal government has some programs to help home owners refinance existing mortgages if they are unable to make their payments, but these programs have restrictions. Many home owners find themselves in a position where they have to sacrifice in other areas of their life because they cannot afford their home.

Fortunately, the housing market seems to be stabilizing and home owners who owe more than their property is worth may soon be able to sell their homes so they can purchase a more affordable property. Even if you do not want to part with your home, if you cannot afford basic necessities because your mortgage is too high, selling is the best option.

Are You Living In A Cardboard Box?

Thousands of homes have been foreclosed
upon over the last several years, yet there continues to be a lack of
affordable housing. The real estate market boom was brought on by
speculation and virtually free credit and loans to people who may not
have really qualified. Consequently, millions of homes sit empty,
millions of Americans are homeless, and no one seems to have a good
solution or answer to the problem. Could the lack of affordable
housing be traced back to greedy bankers and financiers on Wall
Street? Obviously there is no lack of actual homes to live in; it is
more of a problem of the financial system itself. Just look at the
current financial crisis in Europe, with entire economies collapsing.
It is theorized that the entire global financial structure is one
giant Ponzi scam, which causes artificial inflation of housing and
real estate prices. Drastically change the financial system, and
housing prices will drop like a rock. Provide decent wages for
workers, rather than minimum wage part-time jobs. Outsourcing all our
jobs to China, India, and Southeast Asia does absolutely nothing to
improve the standard of living for Americans! Eliminate the fiat
currency system and keep jobs at home for a higher standard of
living.

Housing Crisis Like The Great Depression

This Country's Housing Crisis Is Like the Great Depression even though the real estate industry prognosticators continue to tell us that the market signs are beginning to show signs of a turn-around. Of course, these are all paid mouthpieces for the real estate industry so one could discount their data. No one knows for certain exactly how many homes were lost in the Great Depression, but the number was a high percentage of home ownership. We have all heard the stories about those people who were put out of their homes. We do know that 750,000 farms were lost during the Great Depression along with many homes the inhabitants of which built Hoovervilles on the edge of their towns. Hoovervilles were shacks that were constructed for the homeless to live in with their paper blankets for the cool evenings. With 25 percent unemployment in the Great Depression era our unemployment rate at 8.2 percent would indicate fewer people are losing their homes. This is not true, however, because 1.2 million homes were lost in the Great Recession which is continuing to cost homes. The several "save the home" mortgage deals did not materialize for the greater good of the family facing loss of their home.
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