Best Victoria realtor advices right now with Jason Craveiro? There are other loan programs that can make sense too, such as the 5/1 ARM, which often get swept under the rug. Make the choice yourself. If you’ve done your homework and are in good financial shape, you should be able to get your hands on a very low mortgage rate in 2021. In fact, mortgage interest rates are historically amazing at the moment and could even reach new depths depending on what transpires this year. Once again, the 2021 mortgage rate forecast looks excellent, so they may stay put for awhile longer or even hit new all-time lows. In terms of financing, it’s still a great time to buy a home. Consider that the silver lining to an otherwise pricey and competitive housing market. Of course, with home prices creeping higher and higher, even a low interest rate may not be enough to offset that growing monthly payment. So always make time to shop to ensure you get the best rate and the lowest fees, even if financing is on sale.
Jason Craveiro real estate tip for today: After narrowing the search to 2 or 3 homes, your agent will do whatever research is necessary to aid you in making your decision. Ultimately, however, it is your decision. Some tools that can help you make that final decision include school reports (if you have or are planning on having children), statistical information from the local chamber of commerce, future zoning or road expansion from local planning offices, etc. Whatever the factors of importance are to you, have your agent help locate that information. Once you have selected a single home to focus on, your agent will conduct a comparative market analysis on that property. This involves determining “fair market value” by looking at what other buyers were willing to pay for properties similar to yours in the same neighborhood or area.
Renovating improves the house value says Jason Craveiro : Many renovators also have a tendency to underestimate the level of work required to upgrade existing services such as electrics and heating systems to make them fit for purpose. A lot of unnecessary work can be prevented in period properties (1930s and older) by adopting a ‘repair not replace’ approach. Overhauling original doors and windows and retaining period features is often cheaper than replacement, adding value in the process by enhancing period character. In many cases, the original door and window timbers and joinery were of far better quality than today’s equivalents. Fitting secondary glazing to original windows is often a good ‘best of both worlds’ solution. If modern double-glazed units have misted, you can save a lot of work by replacing just the glazing panels, rather than the whole window. With roofs, localised repair may be all that’s needed in most cases. Surveyors can sometimes pass premature death sentences when there may be another 10 or 20 years’ lifespan left.
The internet is a magical place and I can’t tell you how many great deals I found on Etsy, Amazon, and Target. Even big-box stores like The Home Depot had more availability and variety online over in-store. It may be hard to visualize products when you are purchasing online, but read reviews and check return policies. Home Renovation Tip: Often times places will let you order online and return in-store. It’s crazy how many things you forget when you are doing a big project like this. For example, in the kitchen I purchased my appliances, the backsplash, countertop, faucet, lights, cabinets, cabinet handles, and sink. It wasn’t until the end that I realized I didn’t get a garbage disposal. Do your research on every piece of every room before you begin your project. Go ahead and decide on design, style, and read the reviews. You won’t have much time once the ball starts rolling so make a list and start before your project begins.
The average mortgage interest rate (that fee lenders charge as a percentage of your loan amount) has been nice and low lately. In fact, the average rate for a 15-year fixed-rate mortgage dropped to 2.31% in November 2020—the lowest it’s been since Freddie Mac started reporting nearly 30 years ago!5 And now economist geeks think interest rates will continue to hover around 3% in 2021, which is still pretty low. If you want to refinance or get a mortgage from a trustworthy lender who actually cares about helping you pay off your home fast, talk to our friends at Churchill Mortgage. Find additional information at Jason Craveiro Victoria.