Our Real Estate Blog
302 King St, Cohasset, MA 02025
Starting a new renovation project can be overwhelming. Of course, there are tons of details to consider, so you might find yourself at a loss when it comes to visualizing your end product. Before you begin your remodeling project, you need to have an idea of how you want the result to look. To make it easy for you to articulate your vision for your project, here are some remodeling questions to ask yourself.
What do I want to change about the space?
Start by thinking about pain points in the room as it is presently. Perhaps you don't have enough storage in your bathroom to handle your belongings, or there isn't enough counter space in your kitchen when you bake cookies. Then try to visualize what you would love to see instead. Maybe you’ve always wished for built-in cabinets to store your grooming products or a kitchen island to cook and entertain the family.
What do I love about my space?
Next, you will need to think about what you like about your current space. Some people believe this is not important, but it is. It gives you an idea of what can stay during your renovation. It will also give you an idea of your overall budget. For example, the price for a bathroom renovation with modern fixtures in a new layout will be different from simply replacing the vanity.
How much can I truly afford?
Now to the finance aspect. Start by determining how you intend to pay for the project. Are you using your savings? Will you be financing the project through a home equity loan? Next, develop a budget based on your available funds. Sticking to your budget gives you and your contractor a clear picture of what you want and what materials to purchase.
What colors do I like?
Ensure that your designer knows about your color preferences from the beginning. Do you like a warm palette or muted tones? Are you more comfortable with bold and bright hues? Do you want the furniture to speak louder than the walls, or do you enjoy seeing a lot of color on each surface?
What style do I like?
The last box to check is your taste. There are tons of options to choose from when it comes to interior design. Do you love transitional, traditional, or modern? Browse the Internet or home magazines to get design inspiration or request a photo book from your interior designer.
Need a design professional? Contact me for a few recommendations!
6 Cottage Lane, Marshfield, MA 02050
6 Cottage Lane, Marshfield, MA 02050
When you make the decision to buy your first home, you should be certain that you’re ready to make the leap into homeownership. There’s many different things that you should do as a buyer to get ready before you even set out on the search of a perfect home.
Choose An Agent
You may think that one real estate agent is the same as any real estate agent that you’ll find. This is far from the truth. Some agents have certain specialties. The knowledge that an agent will bring to your house hunt is often invaluable. You are making one of the biggest purchases that you’ll ever make in your lifetime. While many buyers think that they can simply do an online search themselves to find a home, your realtor will have many more resources to assist you in finding exactly what you’re looking for.
Figure Out The Financial Portion Of Buying A Home
While knowing how many bedrooms you need and where you hope to live is important, understanding your finances is even more important. You’ll need to talk to a lender to get the process started. After looking at your own personal budget, you should get pre-qualified. Getting pre-qualified allows you to see a general number of how much house you can afford. That can help you start the process, however, there’s still a few more steps.
From here, you can do what needs to be done to get your entire financial picture ready to buy a home. This includes saving for a downpayment, improving your credit score, and continuing to keep up bill payments and consistent work history.
Next, you’ll want to get pre-approved. This allows your lender to dig into your financial picture. Everything from your credit score to your income and employment history will be considered. Your lender will then give you a more definitive number of how much you’ll actually be able to get for a loan when you buy a home. To get pre-approved, be prepared with 1099 forms, pay stubs, tax returns, and bank statements. You’ll then have the concrete amount that you’re approved for along with the interest rate that you qualify for.
Once You Have Applied For A Home Loan
Once you find the realtor to assist you and secure the home of your dreams, you’re not free to head out and buy all the furniture that you need to fill up your house. The home loan must go through the underwriting process and until that is complete, your finances are essentially on lockdown. If you start opening new credit cards, decide to buy a car, or fall behind on payments, you could end up in a lot of trouble. You want to keep your credit score stable throughout the process of buying a home for smooth sailing.