4 More Reasons to Buy a New Home This Spring

It doesn’t take long for prospective homebuyers to completely fall in love with a new single family home or townhome by Miller & Smith.  Expertly designed and crafted, our homes exemplify all the reasons buying a new home in 2015 is an excellent idea!
 
And recently, Zillow published 4 Reasons to Buy a Home This Spring, providing even more motives to move into the home of your dreams with Miller & Smith!  According to the article, here’s why this spring offers a prime home buying opportunity:
 
1. Low Mortgage Rates
For a several months now, homebuyers have benefited from the historically low mortgage rates – currently, it sits near 4% for a 30-year fixed mortgage.  However, Zillow is expecting it to rise 1% by the end of this year, which translates to an 11% decrease in affordability.  Homebuyers would be wise to jump in the market now and take advantage of the still-low mortgage rates!


2. Confidence Levels

The ZHCI, or Zillow’s Housing Confidence Index, is a valuable tool used to measure homeowner and renter outlooks and intentions for the coming months. Most recently, the ZHCI reported confidence levels in the housing market are higher this year than they were this time last year. With more confidence moving forward, this spring is certainly a wonderful time to buy a new home.

3. Higher Rents
There’s no surprise that rental affordability has been less-than-favorable in recent years.  In fact, Zillow reports that renters can expect to spend over 30% of their income on rent, while home buyers might spend just 15% of theirs on mortgage payments. This alone is encouraging more renters to take the plunge into homeownership – as should you!

4. Better Loan Availability
According to Zillow, “getting a mortgage is significantly easier than it was a year ago,” as the markets begin to normalize.  With more mortgage options for homebuyers, the buying process can be more enjoyable. Better yet, when Miller & Smith homebuyers use our preferred lender, they may qualify for extras and bonuses when moving into their new home!
 
While spring is often thought of as a great season for home buying, spring 2015 offers even more perks to buyers.  And, with new single family homes and townhomes throughout Virginia, Maryland and Delaware, Miller & Smith is proud to offer an impressive selection to prospective home buyers.  Take a look at our latest models to find one that feels like home to you and your family.  Welcome to Miller & Smith!

 

Source: Zillow

5 Reasons to Love Montgomery County, MD

Montgomery County, Maryland is one of the most dynamic areas in the region, providing residents with plenty of reasons to love living there. And at Miller & Smith, we love building homes in Montgomery County! With single-family homes and townhomes available in Clarksburg and single-family homes in Silver Spring, we’re proud to build elegant homes in two of the county’s wonderful towns.

It was tough to pick just five, but here are a few of the many reasons to love Montgomery County, Maryland!: 

Location, location, location: Montgomery County boasts an ideal location, situated directly northwest of Washington, D.C. and southeast of Frederick, Maryland. Wherever you are in Montgomery County, you’re never too far from all the best of the DMV – from the nation’s capital to Baltimore to Northern Virginia and everywhere in between.

-Variety of towns: From the bustling D.C. suburb of Silver Spring to the quaint countryside town of Clarksburg, Montgomery County offers a wide variety of towns and cities for residents to call home. Whether you want to be closer to the nation’s capital or you prefer a more rural setting, you can find the perfect place to call home in Montgomery County!

Natural beauty: For those who enjoy the outdoors, Montgomery County is a perfect spot. According to Montgomery County’s official tourism site, there are over 400 parks in Montgomery County – including national and state parks – that total nearly 35,000 acres. Wherever you are in Montgomery County, it’s easy to appreciate the natural beauty all around.

Always something to do!: Montgomery County offers a wide variety of attractions for residents and visitors to enjoy. Galleries, theatres, hiking trails, concerts, parks and historical venues are just a few of the destinations for fun in Montgomery County. And, of course, all the exciting destinations in Washington, D.C. are never far!

High quality of life: According to Montgomery County’s official tourism website, Montgomery County is the second most affluent county in the state in terms of per capita income. This affluence translates to high quality of life that residents throughout the county are able to enjoy.

For those who decide to make Montgomery County their new home, Miller & Smith offers elegant single-family homes and townhomes in Clarksburg and Silver Spring, two excellent destinations in the county! We’re currently offering single-family homes in our Poplar Run neighborhood in Silver Spring, townhomes and single-family homes in our Clarksburg community of Grapevine Ridge at Clarksburg Town Center and our Gallery Park townhomes in Clarksburg.

With our current Think Zero promotions, you can enjoy Miller & Smith townhomes and single-family homes in Montgomery County with incredible financing options. Our Think Zero promotions vary per community, but new Miller & Smith homeowners in Montgomery County can enjoy benefits such as zero down, zero closing costs and additional spectacular “freemium” upgrades. There’s certainly a lot to love about wonderful Montgomery County, and whether you prefer to be in Clarksburg or Silver Spring, in a single-family home or townhome, you can find the perfect home in this incredible area from Miller & Smith.

SOURCE: visitmontgomery.com