McClintick Real Estate, Inc.



Posted by McClintick Real Estate, Inc. on 4/2/2020

Photo by Steve Buissinne via Pixabay

As a homeowner, it is important to complete preventative home maintenance on a regular schedule. Home maintenance is necessary because it ensures potential problems are identified before they become costly repairs. Not every issue will be caught ahead of time, here are a few common examples of home maintenance issues that could be problematic.

The Leaking Roof

One of the most common home maintenance issues is a roof that starts to leak. A leaking roof can be costly because, if the leak becomes a steady flow, you may need to replace personal property in addition to fixing the overarching issue. It is critical to perform a home inspection to make sure the roof is in a state of good repair during the buying process. While living in your home, the roof should be inspected regularly to look for problems with shingles, tiles and gutters. This ensures that the roof can withstand the routine wear and tear of adverse weather.

A Ruptured Pipe

Ruptured pipes are often a source of home plumbing and maintenance issues. Pipes tend to rupture during the winter when the temperature is especially cold. Sometimes, water and ice expand upon freezing to the point that the pipe breaks. Then, when the water is turned on, it flows out of the pipe and floods the house. To prevent this from happening, turn the ambient temperature up slightly even when you aren't at home. This will often prevent the water from freezing. Additionally, allowing the faucet to drip during particularly chilly nights keeps the water flowing, making it is less likely to freeze in the pipes.

A Broken HVAC Unit

Most homeowners dread having to replace the HVAC unit; however, routine maintenance will ensure you get as much use out of your HVAC unit as possible. If you hear rattling in the HVAC unit, or when their heat starts to disappear, this is a bad sign. To ensure HVAC units last as long as possible, make sure to replace the filters on time. This will go a long way toward making them last.

Not Sticking to Home Maintenance Schedules

Lastly, the biggest problem many homeowners have with home maintenance is that they simply don't do it. There is a common saying that you shouldn't fix what isn't broken but avoiding regular home maintenance will likely lead to larger repair bills down the road. Follow the advice of the maintenance schedule and make sure the home is taken care of.





Posted by McClintick Real Estate, Inc. on 3/26/2020

No two houses are exactly the same. Much in the same vein, there is no one-size-fits-all solution to ensure a home seller can get the best price for his or her residence. However, there are several things that a seller can do to boost the likelihood of enjoying a profitable house selling experience, such as:

1. Improve Your Home's Curb Appeal

Upgrade your house's curb appeal before you list your residence you will be happy you did. Because if your home boasts an awe-inspiring exterior, your residence could stir up lots of interest from buyers as soon as it becomes available.

It generally won't take long for a seller to upgrade his or her home's curb appeal. For example, mowing the lawn, trimming the hedges and performing other lawn care tasks enables a seller to quickly improve his or her residence's curb appeal. In some instances, repairing cracked or damaged home siding may be necessary, too.

If you require additional assistance with home exterior upgrades or repairs, contractors are available in cities and towns nationwide. These professionals can take the guesswork out of home exterior improvement projects and help you bolster your residence's curb appeal in no time at all.

2. Eliminate Clutter

If your home is filled with a large collection of antiques, artwork and various personal belongings, you may want to put these items in storage. That way, you can show off the true size of your residence's interior to potential buyers something that may lead to a quick house sale.

Of course, if you want to get rid of assorted clutter, you can always host a yard sale or list items online. You may be able to give your unwanted items to family members or friends or donate them to charity as well.

As you remove clutter from your home, it also may be beneficial to clean each room of your residence. Then, your home's interior can capture buyers' attention for all the right reasons.

3. Hire a Real Estate Agent

If you want to get the best price for your home, it typically is a good idea to hire a real estate agent. This housing market expert can offer tips and recommendations to help you enhance your residence's interior and exterior before you list your home. Plus, a real estate agent will help you identify and address home selling hurdles.

Furthermore, a real estate agent allocates time and resources to educate a seller about the house selling journey. And if you ever have concerns or questions about selling your house, a real estate agent can address them right away.

For individuals who want to maximize their home sale earnings, it helps to know what to expect after you list your residence. By using the aforementioned tips, a seller can prepare his or her residence for the housing market. And as a result, this individual may be better equipped than ever before to get the best price for his or her home.




Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 3/23/2020


116 Baboosic Lake Road, Merrimack, NH 03054

Single-Family

$250,000
Price

2
Bedrooms
4
Rooms
1
Baths
Here is the affordable Ranch style home you have been waiting for. It is situated on a 1/2 acre lot with nice curb appeal. Home features 2 bedrooms, 1 bath, and attached 1 car garage. Living room has hardwood floors and vaulted beamed ceiling with 2 skylights. Most windows have been replaced. New carpet in bedrooms. Partially finished family room in basement with wood stove. Large shed in side yard. Level corner lot. Washer and dryer hookups available on first and basement levels. Hurry don't be late. Quick closing available.
Open House
No scheduled Open Houses






Categories: New Homes  


Posted by McClintick Real Estate, Inc. on 3/19/2020


 Photo by Mohamed Hassan via Pixabay

For years home ownership has been the American dream, but, according to the Pew Research Center, a higher percentage of us are renters than at any other time in the last 50 years. Is that a bad thing? Not necessarily. For many people renting may be the right choice. Every individual and family needs to consider all the factors and make the decision that’s right for them.

The Financial Consideration

There’s a rule of thumb called the price to rent ratio. You get it by dividing the price of a house by the annual rent. For example, if you can buy a house for $300,000 or rent it for $1500 per month, the ratio is 300,000 / (12 * 1500), or 16.7. When the number is 15 or less, buying is the better choice, when it’s 16 to 20, renting becomes more favorable and when it’s over 20 renting is significantly better. However, this fails to take in factors like down payment amount, financing terms, taxes, insurance and other costs, which can vary widely. A more accurate number, telling you how long it will take to cover the up-front costs of ownership and pull even financially with renting, can be found using one of many calculators available.

The Other Considerations

While this sort of calculation is valuable, there are other questions, both financial and lifestyle-related, that the potential renter or buyer must ask.

  • What can I spend upfront for down payment and closing costs?

  • Can I afford a major repair such as replacing a furnace or air conditioner? There are insurance-like plans to defray some of that cost, but those make up another annual expense.

  • How long do I plan to stay? Selling a home and buying a new one is costly and time-consuming.

  • Which is more important to me, stability or flexibility?

Advantages of Home Ownership

As the inheritor of the American dream, the homeowner has some opportunities and privileges that the renter can’t enjoy.

  • Appreciation and equity. As home value rises and morgage balance drops, homeowners gain equity, which for many is their most valuable asset.

  • Building credit.

  • Freedom to remodel. There’s no landlord telling you what you can and can’t do with your property.

  • Stable monthly payments. Taxes and insurance can increase, but principal and interest payment remains the same. If you stay there long enough, eventually you’ll have no principal/interest to pay at all.

  • Tax advantage. For most people, it isn’t what it was before the 2017 tax changes, but interest and taxes may still be deductible.

  • Stability. You can become a member of your neighborhood and your children can stay in the same school system. No landlord can decide to sell and give you notice.

Advantages of Renting

  • No large upfront expenses.

  • Your landlord is responsible for major repairs.

  • Still some opportunity to build credit by paying rent promptly.

  • You have less at risk. You won’t be affected if property values fall.

  • Flexibility. If you choose to move you can easily give notice and do so.

Here’s one last question: which feels better, the satisfaction of owning your own castle or the freedom to change your life quickly? The answer may go a long way toward pointing you in the right direction.

 

 

 

 

 

 




Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 3/12/2020

Image by Peggy und Marco Lachmann-Anke from Pixabay

You’ve decided it’s time to build the dream house you’ve always wanted. An exciting time!

Prior to hiring builders to construct your home, it’s critical to understand the financials involved before you start the planning process. Securing funding for land is different than obtaining a traditional home mortgage. For starters, there are typically fewer loan options. If you’re looking to buy land to build your new home, here is a rundown of several common funding options.

Cash

If you have the cash to cover the full purchase price of the land, this might be your best bet because you’ll be debt-free. Many mortgage lenders often waive large down payments to build houses because the borrower establishes equity in their new home by buying the land outright.

A word of warning—be careful about wiping out your savings because you’ll need money as unexpected circumstances arise during the build process—always have a financial contingency plan.

Land or Lot Loans

Land loans are available for raw, undeveloped land, and is a great alternative to avoid cleaning out your bank account. The big drawback is interest rates will be higher. Lot loans are very similar to land loans, with the primary difference being the land has building permits, surveys, and/or utilities already in place. Like a land loan, a lot loan typically comes with higher rates.

Seller Financing

Land is often difficult to sell and, to get the ball moving, some sellers are willing to lend buyers the money needed to get their build started. These loans are usually short-term and come with high-interest rates.

Construction Loans

These short-term, high-interest loans are designed to help you get your project started. To be approved, you’ll need to have a budget and construction plan in place. Once your project is completed, you can often convert a construction loan to a traditional mortgage.

Home Equity Loans

If you already own property, you can explore taking out a home equity loan to cover the cost of your new land. These loans are easier to acquire, along with longer terms, better interest rates and no down payments. The big drawback is if you default on payments, you risk losing your existing home.

Borrow from Local Financial Institutions

Local lending agencies are more likely to approve a land loan than other financial institutions that aren’t vested in the community. You might do well by identifying community banks and credit unions who are familiar with the land, along with its worth and potential.

In general, lenders command higher interest rates and bigger down payments with land-related loans because they deem land purchases to be far riskier than lending money to people to buy an existing home. The reason being they perceive owners as not yet fully invested in the property until a house is on it.

Choosing the right property and finding a way to fund the purchase is the first step. Once you’ve got these two boxes ticked off your to-do list, you’ll have taken one big step towards the day you’ll be able to move into your dream home.




Tags: Land   Financing   buying land   Building  
Categories: Uncategorized