Chris Werme and Mike Boland - ERA Key Realty Services - Westborough



Posted by Chris Werme and Mike Boland on 9/29/2020

Whether youíre a first-time homebuyer or youíre upgrading to a larger house to fit your familyís needs, itís vital to understand just how much house you can afford before you start shopping for homes.

When planning for your future home, there are two main things you need to figure out.

  • What is a smart amount to spend on a home for your budget

  • What are the key features in a home that will give you the most benefits for the cost

These two questions may seem simple, but there are quite a few factors that should go into determining each one.

So, in todayís post, Iím going to walk you through the process of determining what kind of house you can afford so you can make the best home buying decision for you and your family.

A smart home buying budget

To create an effective budget, youíll need to gather some information and possibly create a spreadsheet with Excel (or a free alternative like Google Sheets).

On your spreadsheet, youíll first want to add up all sources of income that your family has. This is the easy part for most people who only have one or two sources of income based on a salaried job.

Next, is the hard part--expenses. We canít just use your current expenses to determine the new budget because we have to account for changes in several areas.

If you arenít sure of the cost of living for the area you hope to move to, try plugging it into this cost of living comparison tool to see get a better idea of the cost of things like transportation, childcare, groceries, and more.

Likewise, itís also a good idea to assume youíll be paying more in utilities if youíre hoping to move into a home that is larger than your current home. Keep in mind, however, that different houses have different levels of energy-efficiency, so itís a good idea to also ask the seller of the homes youíre interested in to determine what your costs might be.

Now, subtract your expenses from your income. The amount remaining should easily cover whatever mortgage payment you receive along with, ideally, 20% of your income going toward savings.

Deciding what you need in a home

The second part of determining how much house you can afford is to find out exactly what youíre looking for in a home. The number of bedrooms, bathrooms, location, the size of the backyard; all of these are questions that have a monetary value.

So, to really answer this question youíll need a strong understanding of what you and your familyís goals are for at least the next 5-7 years, if not longer.

Once you have your long-term goals and a good understanding of your budget, you can start safely shopping for homes with a clearer idea of the type of home youíre looking for and just how much home you can afford.




Categories: Uncategorized  


Posted by Chris Werme and Mike Boland on 9/24/2020


46 Seminole Dr, Worcester, MA 01603

Single-Family

$199,900
Price

8
Rooms
4
Beds
1/1
Full/Half Baths
Nice 4 bedroom, 2 full bath home with first floor bedroom. Hardwood flooring. First floor has kitchen with dining area, living room, family room, bedroom and full bath. Second floor offers 3 bedrooms and full bath. Covered front porch. Does need some updates, but well worth it. First showings at the open house Saturday, 12 - 2. Appointment Required. Open house Sunday 12 - 2. Appointment required.
Open House
No scheduled Open Houses






Categories: New Homes  


Posted by Chris Werme and Mike Boland on 9/22/2020

For those who want to enjoy a quick, seamless homebuying experience, it helps to prepare as much as possible. In fact, those who plan ahead may be better equipped than others to avoid various challenges throughout the homebuying cycle.

From struggling to obtain home financing after a seller accepts your offer to purchase to struggling to find the right home in one of your preferred cities and towns, myriad issues may make it tough for you to achieve your desired results on the homebuying journey. Fortunately, we're here to help you minimize risk as you pursue your dream residence.

Now, let's take a look at three tips to help you avoid a homebuying fiasco.

1. Establish Homebuying Criteria

If you enter the housing market with criteria in hand, you can narrow your house search. As a result, you may be able to accelerate your journey from homebuyer to homeowner.

Think about where you want to live. Then, you can hone your home search and focus exclusively on houses in specific cities and towns.

It also may be beneficial to establish a list of home must-haves and wants. This list can help you determine exactly what you want to find in your dream house so you can map out your home search accordingly.

2. Get Pre-Approved for a Mortgage

There is no need to wait to get a mortgage. Thankfully, lenders are available that can help you get approved for a mortgage before you kick off your home search.

Meet with a variety of banks and credit unions Ė you'll be glad you did. This will allow you to learn about the ins and outs of different mortgage options.

Furthermore, don't hesitate to ask questions about all of the mortgage options at your disposal. Because if you understand exactly how a mortgage works, you can make an informed mortgage decision.

3. Collaborate with a Real Estate Agent

When it comes to avoiding problems during the homebuying journey, it generally is a good idea to hire a real estate agent. This housing market professional will offer comprehensive support at each stage of the homebuying journey. By doing so, a real estate agent will ensure you can quickly and effortlessly navigate the housing market.

For example, if you want to find a house in a small town, a real estate agent will help you explore residences that match your expectations. He or she will set up home showings and keep you informed about open house events. Plus, if you identify your dream house, a real estate agent will help you submit a competitive offer to purchase.

Let's not forget about the housing market expertise that a real estate agent possesses, either. If you ever have concerns or questions as you pursue your dream house, a real estate agent is happy to address them at any time.

Want to discover your dream residence? Use the aforementioned tips, and you can reduce the risk of encountering problems as you search for your ideal residence.




Categories: Uncategorized  


Posted by Chris Werme and Mike Boland on 9/15/2020


 Photo by Steven Buissinne via Pixabay

Buying a luxury penthouse isn’t just about finding one perfect thing about it. Several other factors come into play when deciding where you might live for many years. If everything isn’t just right, you may end up with buyer’s remorse. Buying a penthouse is different from buying a house in that you have to share several features with others.

Location

The most important part about finding a great luxury penthouse is the location. You could have a luxury penthouse in a part of town that isn’t the best. While you might be safe in the building and your penthouse, your vehicle might not be quite as safe. And, when you have guests, you don’t want the outside of the building and the area around the building to look trashy, even though the inside is ultra-luxurious.

View

The view goes right along with the location. You are paying top dollar for the penthouse. You should have some benefits for the price you pay, even if money is no object. A building might have a great view on one side, but if your penthouse is not on that side of the building, you won’t get the view. Be sure the view isn’t overlooking a bad part of the city. Not only will you be looking at an eyesore, but the sounds and smells could keep you from enjoying the penthouse.

Balcony

Your penthouse should have a good-sized balcony. If you want to grill out or just sit outside and get some fresh air, you won’t have to go all the way downstairs to do it. The balcony should have a sturdy railing, the cement or wood should be in good condition and it should not smell. Previous owners could have let their animals out to do their business on the balcony instead of walking them.

The Floor Plan

As with buying a house, a penthouse should have a floor plan that is perfect for you. If you enjoy entertaining, pick a floor plan that has enough space, preferably an open plan for the living room, kitchen and dining room. A split floor plan is also nice, as it separates the master from the other bedrooms and gives you privacy whether you have kids or have guests that stay over. If you have guests that stay over, you might look for a floor plan that includes more than one master suite.

Convenient Parking

In some cases, a penthouse may not have convenient parking, whether the parking is outside or in an adjacent building. The penthouse you choose should have parking in your building. Also, management should allocate plenty of parking for guests. You would need at least two spaces for yourself if you have a family and drive two vehicles. Guest parking should also be in the same building.




Categories: Uncategorized  


Posted by Chris Werme and Mike Boland on 9/12/2020

This Single-Family in Rutland, MA recently sold for $307,500. This Ranch style home was sold by Chris Werme and Mike Boland - ERA Key Realty Services - Westborough.


6 Birchwood Rd, Rutland, MA 01543

Single-Family

$299,900
Price
$307,500
Sale Price

7
Rooms
3
Beds
2
Baths
Wait till you see all this home has to offer. Expanded ranch style home with 3 bedrooms & 2 full baths. Kitchen with Corian counters, dining area and pantry. Family Room with gleaming hardwood flooring. Dining Room, Living Room and Master Bedroom with Pergo flooring. Lots of additional space in the finished walkout basement that has a beautiful sunroom addition. Both finished areas in basement also have a flue for a pellet or wood stove. An oversized garage with high door. A front porch to sit and enjoy your morning coffee. A wonderful yard in a great neighborhood close to the center of town. Pride of ownership shows throughout this home. Call for an appointment today... it won't last long!






Categories: Sold Homes  




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