Actions to Take Now if You’re Planning to Buy a Home in 2018

Going through the process of purchasing a new home can take a long amount of time or a short amount of time depending on how quickly you find what you are looking for. If you start the process ahead of time, you will make it easier on yourself and your family when the serious searching begins.  Here are a few ways you can prepare if you are planning to purchase a home in 2018!

 

Figure out your wants, don’t-wants, and negotiables

These are not things you necessarily have to decide right away, but it’s good to talk to your family and discuss the things you want collectively. Important factors like the location of your home and your budget can determine where you start to look and you can continue to narrow it down from there. Other decisions like specific homesite, home style, and design options will come later, but focus on other factors first.

 

Talk to our sales managers

We pride ourselves in making sure we have the most approachable and helpful sales managers at each of our new home communities. If you are unsure about what you are looking for, it is our job to help make home buying decisions easier for you and your family. Once you have a basic idea of the location you want and the type of home you are looking for, be sure to schedule an appointment!

 

Organize your finances

Being organized before purchasing a new home will save a lot of time throughout the process, and will give you the advantage of knowing your financial status ahead of time. Take a look at your credit score and credit history, do your best not to open new credit cards, browse around for a mortgage lender, or even meet with a financial consultant. Any steps you take now for getting your finances in check will help out when the time comes to purchase a home.

 

Keep tabs on mortgage rates

The constantly changing market of real estate, along with shifts in the government, has mortgage rates changing all of the time. While the lowest rates for 2017 were seen in August, the changes are sometimes very difficult to predict and will vary from year to year. Towards the end of this year and in the beginning of 2018, stay informed about what is going on and things that may affect interest rates in the housing market on Bankrate.com or other credible resources.

 

Don’t go overboard during the holidays

The holidays are a time to celebrate with family and friends, but also to set goals for the upcoming year. If purchasing a home is one of your goals, give yourself a break this holiday season and take it easy on the spending or vacations. Think of DIY gifts and bring back “it’s the thought that counts”, plan a staycation in your hometown instead of jetting off to somewhere warm, and even ask for money/gift cards instead of the new boots you wanted. When the New Year rolls around, you’ll have a head start.

 

Even if you’re not looking to purchase a home right now, browsing doesn’t hurt, right? Head on over to our website at millerandsmith.com to look at all of our new homes and communities in Virginia and Maryland!

 

Sources: bankrate.com, realtor.com

 

Looking to Purchase A New Home? Why Fall is The Best Time to Move

You may know that spring is the most popular house-hunting season, with all of the open houses and new home construction popping up. At Miller & Smith, our new homes are being built year-round to give you the best options for you and your family when the timing is right. Contrary to popular belief, the fall season is the perfect time to move into a new home, and below are just a few reasons why!

More options – While spring is known as the most popular season to look for a new home or even purchase one, summer is the most popular season to move because kids and school employees are on summer vacation. Since many homebuyers aim to move before the school year starts, the fall season means less competition for you and more inventory to choose from, including an array of brand new immediate delivery homes!

It’s all about you – Movers, decorators, etc., are usually busiest during the summer since, as we have stated, this is typically the busiest moving season.  Purchasing a new home in the fall means that you won’t have to wait as long for service providers to assist in helping you complete your new Miller & Smith home. You will be at the top of the priority list!

End-of-year sales – According to Trulia.com, “In particular, September is a great time for buying carpet and paint. October means lawn mowers go on sale, and appliances and cookware are cheaper in November.” This time of year is ideal for purchasing everything you will need for your new home, whether it is décor, or kitchenware! Luckily, all new Miller & Smith homes come fully equipped with incredible appliances and most are EnergyStar, which means one less thing to worry about! 

All about timing – Aim to move before winter hits, because winter weather can be very unpredictable and throw off or even delay your moving process. Also, the holiday season can be a very busy time of year, so moving into your new home before then will ensure that you are less stressed when the holidays roll around. 

Possible tax breaks – In a recent article from Trulia.com, David Hyrck, a New York tax advisor, stated, “Property tax and mortgage interest are both deductions you can take for your whole year’s worth of income, even if you closed on your home in December.” Who doesn’t want to save a bit of money when it comes to taxes? Purchasing a new home in an ‘off’ season like fall could help you save even more money.

If you are ready for a brand new Miller & Smith home for you and your family, visit our website to learn more about all of our new home communities and homes that are move-in ready now!

Sources: http://www.trulia.comhttp://www.realtor.com