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Articles Tagged "Wentworth, NH"

January
24

Achieving 2023 Home Goals - Badger Peabody & Smith RealtyForget everything you've heard about buying a home in the last two years. The housing market in 2023 is going to be an entirely different affair. Some experts are predicting a more balanced market. But that won't necessarily make homeownership more affordable as interest rates are on the rise.

So, what's a savvy first-time buyer to do? Here are some tips from our real estate agents that will help you bring your homeownership goals to fruition.

  1. Add to Your Down Payment
    Generally speaking, a larger down payment means a lower mortgage rate. One thing to understand is that interest rates are all about risk—they represent the potential for investment losses. For this reason, paying more cash upfront makes you less of a risk to lenders as you have more stake in the property. As such, they are likely to offer you more favorable interest rates.

    Ideally, you want to save enough money for a 20% down payment. But lenders will seldom ask for this much, especially if you have a solid credit score and an excellent debt repayment history. That said, the more you put down, the less you'll pay over the life of the loan.

  2. Make Sure You Have a Great Credit Score
    Here's an industry secret: You don't need a great credit score to buy a house. But it will be harder and more expensive to do so. Your credit score is a crucial deciding factor when applying for a mortgage. See, your credit score isn't just some number. It tells the story of how reliable you are as a borrower and how well (or poorly) you manage your money. Your credit score is yet another metric financial institutions use to assess the risk of lending you money. Typically, the higher your score, the less of a risk you are and the better your borrowing terms will be.

    Considering interest rates are on the rise, it's certainly wise to take measures to improve your credit score. Paying your bills on time and keeping your credit utilization low are just a few ways to do this.

  3. Shop Around for the Best Mortgage Rates
    Getting preapproved before you start house hunting is always a good idea. But remember, dealing with only one lender may not work in your favor. You'll want to shop around and compare interest rates from different lenders. This way, you'll secure a lower rate and even better terms on your mortgage.

    What's more, you may want to consider getting a fixed-mortgage rate. Adjustable-rate mortgages have the advantage of lower interest rates, but they can be more expensive long-term in a market where interest rates are on the rise. A fixed-rate mortgage, on the other hand, offers a consistent monthly payment for the duration of your loan, making it easier to budget.

  4. Consult a Local Professional
    There's a lot of talk about interest rates on a national scale. Bearing that in mind, your local real estate agent is well-versed in your area's current trends, neighborhood characteristics, and the local economy. Such in-depth knowledge can prove invaluable when it's your first time around the block. Whether you want to tour Berlin homes for sale or Bretton Woods homes for sale, your local real estate agent can help you out.

Find the right home for you this year around the White Mountains of New Hampshire. Contact us to learn how we can help you navigate the 2023 real estate market.

January
17

Furnishing a First Home - Buy a Home - Badger Peabody & Smith RealtyBuying your first home is such an exciting milestone. But once you're standing in your own empty living room, you realize there's another big step you have to tackle: furnishing that home. When furnishing your Carroll County home, it's important to prioritize the right rooms and items. Take things slowly and embrace your own style. Our real estate agents have a few more specific tips that should prove helpful along the way.

  1. Make a List of Necessities
    Furnishing your home will seem less overwhelming if you're able to nail down exactly what you need. Start by making a list of absolute essentials.

    If you're starting with nothing, this list should likely include a dining table and chairs, a sofa, an entertainment center, a bed, and a dresser. Other furnishings, like a decorative ottoman or a dining room buffet, can wait until after you've purchased the necessities.

  2. Reuse and Recycle When Possible
    You can often lower your furnishing costs considerably by reusing and re-purposing things you already own. For example, perhaps you can use the old coffee table from your first apartment as a shelf for shoes in your entryway. Or perhaps your old dresser could work as a makeshift TV stand once you put a new coat of paint on it.

    Reach out to close friends and family members to see if they have any used furniture you can re-purpose. These items don't have to be your permanent furniture, but they can fill in the gaps until you're able to buy something nicer.

  3. Measure First
    Before you start shopping for furniture for any space, take measurements. Bring these measurements with you to the furniture store, and check them against the dimensions of any furniture you're thinking of buying.

    If your home has narrow halls or doorways, measure those, too. This will save you the headache of having furniture delivered only to discover it won't fit into your home.

  4. Curate Your Style
    Now that you're in a home that's truly your own, you will probably want to decorate it in a way that reflects your own interests and sense of taste. Spend a little time browsing Instagram and magazines. Make note of rooms and furnishings that you love and would like to have in your own home.

    Ideally, you'll discover that the style you love has a certain name. For example, you may realize everything you're tagging is Shabby Chic or Coastal. This knowledge will help you shop for furniture that suits your style. For instance, if you see a sofa described as Shabby Chic, you'll be prompted to take a second look.

  5. Find a Good Consignment Shop
    You don't have to buy all new furniture. In fact, most people prefer to mix a few new pieces with a few secondhand pieces. Consignment stores are great places to find used furniture in good condition. If you can find one that exclusively sells furniture, that's even better.

    Once you find a good consignment store, talk to the owner about the furniture you're still looking for. Often, they'll be happy to keep their eyes open and let you know when something suitable comes in. This approach can help you snag that perfect dresser before someone else gets their hands on it!

Remember, furnishing a home should be fun. Prioritize your purchases, reuse furniture when possible, and take the time to curate your style. Should you still be looking at Jackson homes for sale or North Conway homes for sale feel free to contact us. We'll help you find a gorgeous space that you can enjoy furnishing and decorating to suit your tastes. 

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