If you’re in the market for a new house but don’t like your financing options, you may be happy to hear that there are other, less conventional means that can help you make a purchase. Traditional financing may suit the needs of most buyers, but it’s not the only way to go. Check out the following homebuying “hacks” if you’re looking for a different kind of deal.
Most homebuyers get qualified for financing ahead of time and end up spending every penny of that amount. However, sometimes it makes sense to spend less instead of reaching for the top rung of the ladder. Don’t forget that houses almost always cost more than their list price due to wear and tear, ongoing maintenance, emergencies, etc. Maxing out your monthly mortgage budget can come back to bite you (and it often does). Pay less than you can afford and you’ll be in a better position to handle the ongoing expense of home ownership.
Of course, that doesn’t mean you have to settle for a run-down property that requires a lot of work. Be patient and watch for a house that’s been on the market for a long time, one that’s in an area where you want to live. You may find a property that’s not getting a lot of attention for a reason you could live with (like not enough yard space, or no attached garage). Getting a house for less means you’ll be better able to afford any necessary upgrades later on.
People who live in desirable destinations, such as San Francisco or Anaheim, have a unique opportunity to offset the cost of homeownership. One option is to rent out a room — or rooms — in your house to vacationers looking for a good deal on accommodations located near attractions. For example, Turnkey points out that vacationers will often gravitate to rental properties located near popular destinations such as the beach, Disneyland, and Knott’s Berry Farm. You can then take this income and put it toward the mortgage payment or to make improvements that will increase your home’s value. Online rental platforms are excellent business tools because they promote your house to vacation renters and help you earn extra income.
It used to be a hard-and-fast rule of real estate that buyers need to come up with a 20 percent down payment. But let’s face it: 20 percent is a huge chunk of change for a lot of people — it can be out of the question for first-time buyers. Do your research and find out the average down payment in your community. You might be able to get the deal you want by putting down less.
Don’t give up on buying a home because you can’t come up with a down payment. There are loan options through the US Department of Agriculture, the Federal Housing Administration, and the Veterans Administration, which offer no-down-payment, or low-down-payment, mortgages if your credit number is at least 500.
Did you know that you can share home equity with an investor? It works like this: You and your partner investor combine forces and put down a healthy down payment, and you live in the property for an agreed-upon number of years. At the end of that period, you either buy your partner out or sell the property and split the profits. Of course, equity sharing means you’re not the sole owner, but it does give you added financial clout up front.
Sometimes, broadening your financial perspective can bring the property you want within your grasp. Financing through traditional means can restrict your options or saddle you with a mortgage that’s beyond your means, so explore other avenues available to you.
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It is very disheartening when the plants in your garden fall prey to disease. The question everyone asks is how exactly this came about. In the event that it spreads out will it destroy all your plants? For a fact, preventing disease when it comes to plants depends on the host, pathogens that attack the plants, and the prevailing environmental conditions. It takes all these factors to bring about disease. In that regard, the simplest way of preventing the occurrence of the disease is knocking out one of these factors.
You cannot consider your plants productive and healthy if they are not planted on the right soil. If the soil is not fertile, loamy or permeable then the plants are at risk of infection. Good healthy soil helps develop strong and productive plants. The choice of using chemical soil treatments has raised lots of debate lately. More industry experts seem to be in favor of using organic soil.
Just because you saw an attractive plant while on vacation and noted down its name, it does not mean it will grow in your garden. Before going planting ensure they match the surrounding areas planting conditions. Narrow your choice on those that adjust well to moisture, dimensions, soil quality, and light. Plants resistant to diseases and pests can save you from disappointment.
Always ensure there is adequate space for planting as it contributes to the plants' health. Every plant has its own unique set of needs. A few tips worth considering is the air circulation room and size of the pot when planting. If you opted for ground cover species, ensure they are grouped together in beds away from public pathways. If you group them accurately, the need for weeding will be minimized alongside the uneconomical water usage. The rows in between should have ample space to allow for maintenance that way fungal attacks are repelled. There are those who plant tomatoes alongside their fresh organic plants or non-hybrid beans - that way they maximize on the space.
You must have a regular watering schedule as it is a must-have requirement for any plants survival. Watering does not mean you have to make them wet. Not all plants demand an equal amount of water. In that regard, do your homework to get the right watering schedule for the particular species. The mornings happen to be the best time for watering plants given the atmosphere is cool and chilled. Unlike noon when the sun is overhead and the place is hot, water loss from evaporation is minimal in the mornings.
Tender flowers thrive in hot climates and can result in occasional heat waves. Water your lawn as recommended by an experienced botanist. Good examples are the canna, agapanthus, petunias, eucomis, dahlias, zinnia, and lots more. Where planting is required to fill the planting holes and drain it out before setting in the plants. Weeds can easily be killed so this is the best chance of getting them out.
If you are planning to drop a dime on high-value plants for your garden landscaping, get an expert opinion on the place you will have them positioned. Surprisingly, some plants thrive when under shade. Also, look at the planting position and ensure its well-drained. If the planting was done in a container ensure there are adequate drainage holes at the bottom of the pot.
If there is too much exposure to sunshine there might be adverse effects on your crops. For instance, potatoes will fill up with starch, beetroots and carrots will ripen. Tomatoes need the sunshine to ripen to perfection. Plums and pears equally respond well to light and warmth. If there is an extended rainy season there is a high chance of the brown rot disease affecting them.
Pests to look out for during the hot weather season are the caterpillars, red spider mites and blackflies. If you have to simply squash by hand. Diseases like potato blight are also affected by the weather.
If you intend to fix some greenhouses in your backyard, beware that they easily overheat so manage the temperature. This can be done by shading or taking out some panels.
About the Author:
Lena is an interior designer at Homes in London, and she loves to be able to help her clients create their dream home because she believes that home isn't just a place, it's a feeling. She is confident that her experiences can help a lot of people so she expresses it through writings. If you need design advice, feel free to reach out to her as she will always be available for those in need. :)
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As Realtors we do more than just help you sell or buy your home. We get involved with the community. We help collect canned goods to restock local Food Banks, help those in the neighborhood that can't afford turkey dinners at Thanksgiving and Christmas time or toys for under the tree. Sunday,June 10th is the annual American Cancer Society's Ride-to-the Shore bicycle run from Philadelphia to Atlantic City. We will be out there helping at way-stations and on the road supporting the riders with bottles of water, snacks and first aid. So please help the American Cancer Society by donating. It's a great cause.
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