A new home budget can be sobering. You’re in your new house, you went through all the financial anxiety of getting approved for a loan, making offers, making counter-offers and sitting through the final closing. Now that you’ve got your new home, the reality of creating a new monthly household budget is setting in. Don’t panic. You certainly have some new expenses, and if this is your first home, a lot of expenses will be totally new. Don’t let them intimidate you. We can help.
Category: Helpful Tips
Home Maintenance Tips for New Homeowners | The Essential Checklist
If you are moving into a new house, the last thing you need is a list of home maintenance tips for new homeowners. You’re tired, you’re overwhelmed, you’re excited and you’re tired. Yes, we said that twice. Nevertheless, there’s more to a new house than just moving all your stuff into it. So a few days after you move in, pick up this new home maintenance checklist and look it over. It could save you some money and expensive repairs down the line.
Read More “Home Maintenance Tips for New Homeowners | The Essential Checklist”
Is a Recession Coming? | Insight for Home Buyers and Sellers
Is a recession coming in the near future? Many economists have debated this point and even considered whether or not the U.S. dropped into a recession in the second quarter of 2022. Experts believe we could be headed toward a recession, but we may see a period of growth before it arrives.
Read More “Is a Recession Coming? | Insight for Home Buyers and Sellers”
How Climate Change May Impact Your Next Home Purchase
A home buying checklist is essential if you plan to be successful on your quest for homeownership. And, believe it or not, one item increasingly making its way onto the list is the risk of climate change on your home purchase decision.
Read More “How Climate Change May Impact Your Next Home Purchase”
Home Buying Terminology | Terms for Home Buyers to Know
Home buying terminology is its own language at times. This glossary of terms for home buyers is something we hope you will reference again and again during your journey. It’s alphabetically organized and ideal for learning on the go. Knowing a few of these terms can make you look like a smart buyer ready for a competitive market. Read More “Home Buying Terminology | Terms for Home Buyers to Know”
How Rising Inflation Rates May Impact Your Next Home Purchase
By now you’ve probably read the headlines on the impact rising inflation is having on the economy. Read on if you want to know how it is impacting your ability to purchase a home. Read More “How Rising Inflation Rates May Impact Your Next Home Purchase”
Is There Any Relief in Sight For the Housing Shortage Supply?
In 2021, the supply and demand imbalance fueled runaway house prices, as well as incredible competition as the limited supply of housing available was snapped up quickly. Sellers were clearly in control and there’s unfortunately no sign of that dynamic abating in 2022. According to the latest Market Pulse Report from HouseCanary, a real estate valuation brokerage, inventory levels dropped again in December to near-record lows. HouseCanary expects the nationwide shortage of homes for sale to persist well into the spring, projecting another double-digit home price increase by the end of 2022. Read More “Is There Any Relief in Sight For the Housing Shortage Supply?”
What to Expect from the First Time Home Buying Process
Buying your first home is a major, expensive decision, and you shouldn’t start the process without doing any research. Knowing what to expect during the home buying process can save you from possible mistakes, and give you the confidence you need to dive head first into the home buyer pool. One of the biggest challenges of buying your first home is knowing where to start. Luckily, Homes for Heroes has the complete first time home buying process laid out for you to review. Let’s go through what you’ll need to know and do to buy your first home. Read More “What to Expect from the First Time Home Buying Process”
Buying a Home in the 2022 Top Housing Markets with Homes for Heroes
The global pandemic triggered home buying fever in the United States. In many housing markets, high demand squeezed some homebuyers out of the running for getting a home. Although all signs point to more of the same in 2022, hero home buyers should be aware of the home buying assistance programs available to help them successfully buy a home in the 2022 top housing markets. Read More “Buying a Home in the 2022 Top Housing Markets with Homes for Heroes”
Here’s Why 2022 May Be a Better Market for Home Buyers
Double-digit home price appreciation that we’ve seen in the last 12 months shouldn’t be read as an indication that there is trouble ahead for the housing market in 2022. In fact, economic forecasts call for continued strength in US housing as we look into the New Year. Read More “Here’s Why 2022 May Be a Better Market for Home Buyers”