Real Estate , ,

Multigenerational Housing ? Buying A Home For Your Parents To Live With You

Multigenerational housing is a growing trend that is propelled by the “graying of America.” This trend is the mirror image of children who become adults still living with their parents. Instead, with multigenerational housing, the adult children invite their parents to live with them. Many are seeking to buy larger homes to accommodate the needs of their young family, while also being able to live together with their parents. Older Homeowners And Multigenerational Homes Are Increasing The numbers are staggering. Realtor.com® reports that for the next 20 years, older adults, over the age of 65, will increase from 26% to…
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Home Buyer Tips , ,

When Is the Right Time to Buy Your First Home? Use This Easy 4 Point Checklist

Are you growing tired of renting? Or perhaps you've recently graduated from college and are looking to set down some roots? Whatever the case, buying your first home is an exciting prospect. Let's take a look at a quick and easy four-point checklist that you can use to determine if you are ready to buy your first home. #1: Is Your Credit In Good Shape? How is your overall financial health? Once you have your down payment saved up, you should turn your attention to your credit rating. If you are going to borrow a mortgage to help cover the…
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Home Buyer Tips , ,

Down Payments 101: Is It Worth It to Put More Than 20 Percent Down?

Are you thinking of buying a new home this spring or summer? If so, you're not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you're a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment. With that in mind, let's try to answer the question of whether or not it is worth it to put more than 20 percent of the home's price…
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