6 Ways To Find the Right Neighborhood For Your Lifestyle

6 Ways To Find the Right Neighborhood For Your LifestyleChoosing a neighborhood you live in is almost as important as the house you buy. The right neighborhood can make your house feel even more like a home. But how do you find the right neighborhood to shop for your next home?

1. Evaluate Your Own Lifestyle

The first step in finding the right neighborhood is to figure out what you’re really looking for. Do you crave a sense of community, or do you prefer not seeing any other houses when you open your front door? Knowing yourself is the key to identifying what kind of neighborhood you’ll be most happy in.

2. Are There Children In The Picture?

If you have kids now or are planning to have some in the future, that will impact your choice of neighborhoods. You’ll want your children to have neighborhood friends. You’ll also want to know your kids are safe playing outside. Look for neighborhoods where families reside. Ask your real estate agent about the quality of local schools.

3. Would You Prefer A Single Family Home Or A Townhouse?

Different neighborhoods have different housing types. You can often do a process of elimination by pre-determining what kind of home you’re looking for. This is something that your real estate agent can do for you.

4. What Will Your Commute Look Like?

You’ll be going to work everyday. That will significantly impact your daily lifestyle. Pin your work address on a map. Then draw a ring around it that represents the distance you’re willing to commute. Neighborhoods within that circle will be candidates.

5. Are You Looking For Nightlife?

If you want to be able to walk out your door and land at a cafe, bookstore, shopping center, bar or someplace else, then your neighborhood will need to reflect that desire. Avoid buying in an area where everything is a 20-minute drive. Your real estate agent will be able to apprise you of neighborhood culture so you’ll have a better idea of where to buy.

6. What Do You Miss Most?

Is your current neighborhood lacking something, such as bike trails, a park or community events? Seek these out when you go home shopping so your life feels more complete when you move.

These six tips will help you find the best neighborhood for the way you want to live. Remember, your real estate agent is knowledgeable about the various neighborhoods in their service area. Use your agent as a valuable resource while you search for that perfect home.

Don’t forget one of the most important factors: what you can afford. Your trusted mortgage professional is ready to help you get pre-approved.

4 Important Reasons Why You Should Consider Buying A Green Home

4 Important Reasons Why You Should Consider Buying A Green HomeBuying a home is one of the most important decisions you can make. There are many decisions involved in choosing the right home from picking a real estate agent, to figuring out what type of home will suit your needs. You want the right sized rooms, a floor plan that fits your family, and certain home features you know you can’t live without.

With all the decisions you have to make surrounding your new place to live, you may want to consider buying a green home. Green homes can be a little more expensive up front, but over time they can save you money and pay for the upgrades. These are several reasons for deciding to buy a green home.

Air Quality And Health

Green homes are built with better air quality in mind. The materials used to build green homes improve the indoor air quality of your home. Furthermore, green homes are built to encourage indoor plant growth. Plants help clean our indoor air and reduce pollution and are an essential part of any green home.

Saving Water

Green homes are also built to conserve water. Buying a green home will cause you to use 30%-50% less water than in a conventional home. Conserving as much water as possible has become more important now than ever before and purchasing a green home can help you use less water.

Use Less Energy With A Green Home

Everyone would love to save money on their heating and electric bills. With a green home, you can do exactly that. Green homes use nearly 30% less energy and have over 30% less greenhouse gas emissions. This translates to savings on your utility bills every month.

Increase The Resale Value Of Your Home

A home isn’t only a place to live, but it’s also an investment. Purchasing a green home can be viewed as a wise investment, as many people consider green homes appealing. They’re attractive for their many cost saving and natural features, besides offering more sustainable living. For these reasons, your green home may increase in resale value.

There are many direct benefits to you by purchasing a green home. Not only do they help the environment, but they are good for your health and your energy bills. Consider making your next home a green home.

If you are in the market for a green home in your area, be sure to contact your trusted mortgage professional for financing options and a pre-approval.

NAHB Reports Lowest Builder Confidence Reading Since 2014

NAHB Reports Lowest Builder Confidence Reading Since 2014Obstacles facing home builders have caught up with high builder confidence according to the National Association of Home Builders Housing Market Index for November. Builder confidence dropped eight points to an index reading of 60, which was the largest month-to-month drop in builder confidence since 2014. November’s decline in builder confidence was greater than the largest month-to-month decline during the housing crisis.

Housing Market Index readings over 50 are considered positive, but analysts said that long-standing headwinds caught up with home builders’ outlook on housing market conditions and sub-categories used to comprise the overall Housing Market Index reading.

Obstacles Impacted November Home Builder Confidence in Housing Market

Builders have long cited shortages of buildable lots, rising materials costs and labor shortages, but builder sentiment appeared strong until November. Recent tariffs on building materials and rising mortgage rates further added to builder concerns. Buyer traffic indicated that would-be home buyers may be waiting for home prices and mortgage rates to fall. Less demand for homes would increase inventories of homes for sale and potentially reduce extreme buyer competition that caused rapid price gains in high-demand metro areas.

Components of November’s NAHB HMI also declined in November. Builder confidence in current housing market conditions fell seven points to an index reading of 67. Builder confidence in housing market conditions within the next six months dropped ten points to 65. The reading for buyer traffic in housing developments dropped eight points to 45. Readings for buyer traffic seldom exceed the HMI index reading of 50.

NAHB Housing Market Index: Things to Know

Housing and mortgage industry pros view the HMI as an early indicator of construction pace and for measuring supplies of homes for sale. The National Association of Home Builders HMI is based on survey of NAHB members; the sample size varies according to the number of responses received from builders each month. Analysts noted that November’s reading was impacted by fewer builder responses in November; 315 responses were received in November as compared to 360 builder responses in October. Fewer responses increase the volatility of index readings.

Approaching winter weather typically reduces home construction and plans for new construction; 2018 has seen natural disasters and catastrophic wildfires that destroyed many homes. While these factors did not impact November’s home builder confidence, readings they will likely affect home builder confidence readings in the coming months.

If you are looking to buy or refinance, your trusted mortgage professional is ready to help you identify your best financing options.