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4 Ways Buying A New Home Will Save You Money

new housesWhen looking at houses for sale, sometimes what’s on the market just doesn’t cut it. This is reaffirmed by data from Zillow, which suggests that 48% of buyers are looking for homes for sale that have never before been lived in. There are a few advantages to buying new houses that people in the residential real estate market should know.

  1. Customizable
    Buying a freshly build home means there is likely still time to have additional features put in. This could mean anything from water features to heated tile floors. If construction is wrapping up, talk to the contractors and see what last minute additions they can throw together for you.
  2. Modern Features
    Energy efficiency is a big topic in today’s political world, but even if the environment isn’t among your top concerns, energy efficient furnaces, climate control, windows, and insulation can save you a pretty penny on energy costs. Then there are all the toys that new homes have. FIngerprint garage door locks, solar panels on the roof, flush wall mounted flat screen TVs, any new technology that can make your life easier can be found in new houses.
  3. Warranty
    Many new homes come with a warranty on certain construction based features. That means if something goes wrong within the requisite amount of time the contract provides, you would be entitled to have it fixed free of charge. Check to see what warranties are offered for your potential new home.
  4. Low Maintenance
    Since everything is brand new, it’s all going to work. Moving into an older home almost always involves fixing something. This is a huge reduction in potential costs for the first few years and will give you more time to relax on top of that.

Buying a home can be incredibly difficult. Finding the perfect place to live is practically impossible when looking on the used home market. There will always be a compromise, small or large. New houses change this idea by suggesting that you canhave everything you want in a home. By taking an active role in the construction process, you will be able to specify little things you’d like to see. Besides, you will have a blank slate to build your perfect place to live.

Top 5 Energy Saving Features In New Homes

houses for saleDid you know that 48% of buyers in the market for brand new homes say ‘energy-efficiency’ is their most wanted feature? This makes sense with energy prices climbing and the cultural shift toward environmental consciousness. When looking at new houses for sale, there are many telltale signs that they will be more energy efficient than your current home. Here are a few of those signs.

  1. Solar Panels
    If you see homes for sale that have a solar power system already installed, they should move to the top of your list. Generating passive energy at no cost to yourself is incredibly valuable, especially over time. The electricity generated from solar panels is essentially free money, as it will help to drastically reduce your electric bill at the end of the month.
  2. Insulation
    People almost always underestimate their heating and cooling costs. Together, they make up one of the largest recurring expenses of owning a home. Buying a new home that has energy efficient insulation will take a chunk out of those costs. In the winter it will prevent heat loss, and in the summer it will keep the cool air inside.
  3. Programmable Climate Control
    If you are still using old-fashioned air conditioners (you know, the ones that go in your window), then you’ll love to have central heating and cooling. Not only does it give you more control over your home’s temperature, but you can program it to whatever costs you feel comfortable paying.
  4. LED Light Bulbs
    This one is simple and can be done to any houses for sale. Installing LED lights is cheap and can have a very quick return on investment. They both last longer and use less electricity than regular bulbs.
  5. Energy Star Appliances
    Combine your refrigerator, freezer, oven, stove, washer, dryer, microwave, and toaster oven and then consider how much energy they must use daily. Energy saving appliances will tell you the estimated cost they save yearly. It certainly adds up over time.

When viewing all of the beautiful houses for sale, there will be many features and failures for each one. If your top priority is energy efficiency, ask your realtor about these great money saving amenities.

Financial Tips for the First-Time Homebuyer

buying a new homeBuying a new home is a complicated and difficult process, and it’s normal to feel overwhelmed at some point during the process. For many first-time homeowners, however, the search for a starter home can be especially stressful. Unfortunately, smart financial decisions are rarely made during periods of extreme stress, which is why it’s so important to take your time. Otherwise, you may find yourself in some serious financial trouble either before or after buying a home. That’s also why the act of saving money is so integral to the home buying process.

In 2016, of all those who purchased new homes for sale, roughly 33% were first-time buyers. If you fall into this category and it’s your first time buying a new home, then you’re going to need all the financial help you can get. Here are some amazing tips that will help you save enough money to afford that perfect starter home:

Create a strict monthly and weekly budget

Without a strict budget, you’ll never achieve your financial goals. With every dollar you save, you’re one dollar closer to making an offer or down payment on your first home. However, if you want to purchase a home in the next year, as opposed to the next decade, you have to do more than simply tuck away a few dollars each week.

You need to have a strict budget set for every week, every month, and every year (if that’s what it takes). Additionally, you need to make sure your budget is realistic. It may sound counterintuitive, but your savings goal should not be too ambitious. Rather, set easily attainable goals that won’t cause too much short-term financial stress. The more realistic your goal, the more likely you are to stick to it and achieve it.

Setup an automatic savings plan

You can talk to your payroll department at work and have them set up an automatic savings plan specifically for your future down payment. A portion of your paycheck, whatever amount you want it to be, can be sent directly into your savings account via direct deposit. You won’t even have to think about it. There are also apps that automatically analyze your spending habits and save money for you. In either case, it’s possible to save money while you sleep.

Ask for professional help

If you are having trouble setting up a budget and sticking to it, consult with an experienced financial planner. These professionals know exactly what it takes to handle all the financial aspects of saving up and buying a home, so look to them for guidance. It’s completely normal to have questions about the home buying process, and a financial planner can ensure you are on the right track to buying a home.

Whether you’re checking out luxury houses for sale or a nice, small starter home, be sure to focus all your efforts into saving money. Buying a new home might be stressful at times, but it’s also exciting if you know you are in good financial standing. If you’re ready to make this next giant leap in your life and want to check out new Drexel Hill homes for sale, contact Creekside at Llanerch today, and good luck!

3 Important Things Homebuyers Are Searching For In 2017

new homesCurrently, homeowners across Philadelphia are searching for perfect new homes. Whether they are buying a new home or browsing old homes, however, they want to make sure that their needs are being met and all the items on their home buying checklist are being crossed off.

Though the top three goals among all current home buyers are family needs, privacy, and asset accumulation, there are plenty more property aspects being sought after on the market. Here are some of the most popular features that homebuyers are searching for:

The Perfect Location
Nowadays, for most homeowners, the perfect location isn’t actually in one specific location. An area can only be dubbed the perfect location if it has the necessary locational factors. Buyers aren’t as concerned over long drives or gas prices as much as they used to be, but rather are searching for more up-to-date amenities. Homebuyers want to have access to ride sharing services like Uber or Lyft so they don’t have to worry about transporting themselves. Additionally, they want to be able to walk around outside with no disturbance.

“Younger buyers look for properties that are in proximity to public transportation and that have a good walking score,” said Allison Charlton, a real estate managing broker.

Smaller and Smarter
In the past, homebuyers wanted to shell out hundreds of thousands of dollars to purchase the biggest luxury homes available. That’s not the case anymore. Homebuyers would much rather go for simplicity with a tech focus than have a large and elaborate home. Buyers — especially millennial buyers — are looking for smart new homes with simple designs.

Energy-Efficient Properties
Though younger buyers certainly emphasize environmentally friendly as top features, the rest of the housing market is leaning towards that way, too.

“Today, not only younger buyers, but buyers in general, are looking for energy-efficient homes,” said Beverly Hills real estate agent Jeff Hyland.

Homebuyers are much more concerned with insulation, seasonal efficiency ratios, and other aspects of energy conservation.

As long as you’re doing plenty of research doing your search and know what it is you and your family actually want in a home, you’ll likely find exactly what you’re looking for. If you want to check out some great new homes in Philadelphia, contact Creekside at Llanerch today.

3 Important Decisions You’ll Be Making During Your Housing Search

luxury housesWhether you’re searching for old Victorian properties or luxury houses, you’re going to have to make a lot of decisions during your search. Because of all these decisions, it’s important to start looking for perfect homes as soon as you think you’re going to be moving so you can figure out exactly what you want inside your next home.

It doesn’t matter if you’re a young first-time homebuyer (33% of all buyers on the market are between the ages of 25 to 24!) or you’re moving into your third or fourth home, you’re going to have to make some very important decisions. Here are some of those decisions you’ll have to make during your next home search.

New Home vs. Existing Home
Buying a new home can be an exciting decision but it’s honestly not for everybody. Although owning your very own home before anyone else has ever lived there can give you a strong sense of pride, you might be more drawn to existing homes, which is completely fine. Since new homes are typically more expensive it might make more financial sense to check out some older properties (though they can be just as pricey in certain cases). If you’re thinking about purchasing luxury houses, however, you’re in luck because you can find both existing luxury homes and brand new ones.

Location Is Everything
Location is perhaps the most important decision you’ll make as a home owner. You might want to live in a large neighborhood or on a quiet country road. You might want to live in an area with an excellent school district if you have kids. Or you might want to just live in an area that is close to a vibrant downtown atmosphere. Whatever you’re looking for, make sure you discuss location with your family before you make an offer.

Property Size
Like location decisions, deciding on the size of your property is extremely important. Consider the benefits of having a large yard but don’t forget about all the yard work that comes along with larger properties. Again, discuss what kind of yard you want to have with your family and take some time looking for the perfect property.

If you want to check out some luxury houses for sale, contact Creekside at Llanerch today.

Moving Into a New Home? Don’t Forget Any of These Essential Items

homes for saleOn average, people spend about 4.2 months shopping for a new home before they make their final decision. As you’re browsing through various homes for sale and looking over luxury real estate options, it’s important to also start thinking about what items you should bring to your new home.

Once you narrow down the homes for sale to one and make an offer, the home buying process will start to move much more quickly. Be sure to include all these essential items as you transition into your brand new home.

Kitchen Supplies
As soon as you move into your new place, you’re going to be spending plenty of time in the kitchen. As you unpack all your stuff, you’ll soon be quite hungry and will need to not only have enough food inside your home during the first few days of you living there, you’ll also need all the other kitchen essentials. Here are some kitchen items you should make sure you have during the first few weeks of living in your new house:

  • Paper towel holder and paper towels
  • Drawer compartment organizers
  • Dish rack and drying mat
  • Cutting board
  • Spatulas and mixing bowls
  • Kitchen table and chairs
  • Kitchen table placemats

Bathroom Supplies
Clearly you’ll be spending some time in the bathroom of your new home from the minute you step foot in the door. Whether it’s the day after your big move and you’re unpacking everything or it’s a few weeks after, you’re going to have to be in the bathroom a few times. Here are all the necessary bathroom items you should consider bringing with you:

  • Floor rug
  • Bathtub mat
  • Plunger
  • Toilet brush
  • Soap dispenser
  • Garbage can
  • Towel rack and towels
  • Toiletries
  • Dental care products
  • Shower curtain, liner, and hooks

Whether you’re buying a new home or are just packing for an upcoming move, it’s important that you bring all these necessary items so you’re not scrambling around town looking for shower curtains and kitchen supplies. Spend some time going over this list before you move so you’re prepared. If you want to find more new homes for sale in Philadelphia, contact Creekside at Llanerch today.

Thinking About Buying a Home? Here’s What Happens Next

real estateMost of the homebuyers on the market today are buying homes for the first time. Currently, of all the prospective buyers looking to purchase real estate, about 52% are first-time buyers.

If you’re one of these first-time homebuyers, you’re probably very excited about starting your new life in your very first home. And you should be excited because this is a major life step you’re making. It’s important that you don’t settle for just any home, however, because you’re going to be staying there for potentially decades. Far too many people see the first home on the market, get too excited about finally living on their own, and make an offer right away. Sometimes this works out in the buyers favor, but there is a very high chance that if you do this you will end up hating the property you have in a matter of weeks or months.

Here are a few things you should look for as you are searching for your first home. And remember, throughout your search, take your time and really consider everything before you make a final decision or an offer.

Determine how much you’re willing to pay on a down payment

Putting a large amount of money down as a down payment is never a bad investment, but you should have an idea of how much you’re going to initially put down, no matter on the property. Putting money down is a great idea for homebuyers because it will minimize the risk involved with buying a home and will provide you with some equity for the future.

Always be thinking about the future

And not just the immediate future, either, the distant future. As you buy your home, you’ll begin to imagine hosting barbecues, holiday parties, and all kinds of fun things to do with your real estate property. But it’s important that you take a step back and think about your future family and all the aspects involved. If you’re a 30-year-old single buyer, you probably aren’t worried about things like school districts. But if you plan on having kids in the next few years, that’s something that is going to be very important to you. As you make your major life decisions, try to always consider the future.

If you want to learn more about the aspects involved when buying a new home, or just want to look at luxury real estate options or new homes in Philadelphia, contact Creekside at Llanerch today.

Buying Vs. Renting: Top Reasons Home Ownership Comes Out On Top

new homesAt a certain point, most people have to weigh the pros and cons of renting vs. buying a home. While renting does have its advantages — fewer responsibilities and more flexibility, to name a couple — there are distinct benefits to buying a new home that renting simply can’t offer. For current home buyers, the top three priorities include privacy, family needs, and asset accumulation. Below, we’ll take a closer look at how owning new homes can help buyers accomplish these goals.

  • You can make the space your own
    When you look at houses for sale instead of ones to rent, you’ll have way more options to customize the space to fit your style and needs. When you rent an apartment or house, you’ll be lucky if your landlord lets you paint the walls or make even small layout renovations. But once buyers move into their new homes, they can do virtually whatever they want. If you want to knock down a non-load-bearing wall or gut the kitchen or guest bath, you’re well within your rights to do so. And if you’d rather switch out carpeting for hardwood or go wild with backyard landscaping, no one’s going to stop you. You’ll be free to put your own stamp on your real estate with home ownership.
  • You’ll have more privacy
    When you live in an apartment building or rented condo, you’re bound to feel a little too close to your neighbors. Whether you’re looking for absolute peace and quiet or you just want a little space between you and whoever lives next door, new houses can provide the privacy you desire. And because you’re not beholden to your landlord or property manager, you won’t have to worry about them inconveniencing you to conduct repairs or a potential tenant tour. If you do need repairs, you can schedule them on your own timetable. And because you’ll own the property, no one can bother you if you don’t want them to.
  • You can build wealth
    Depending on the condition of the home you purchase or the area in which you live, it’s entirely possible to fix up a home and potentially turn a profit if you decide to sell. Making an investment in real estate is almost always a good idea, and home ownership allows you to build equity. Renting, in contrast, does not. It’s also a lot more cost-effective over time. The money that you spend on your mortgage or on the purchase price goes toward an asset; when you pay your rent every month, there’s no long term payoff. Even new houses give you the opportunity to build equity and get a potentially great ROI. The same cannot be said for rental properties.
  • You’ll have stability
    Renters tend to move often. Due to the nature of a lease, that flexibility doesn’t typically allow you to put down roots. For some, that works just fine. But if you’re looking to settle down with a family or simply want to stay put for a while, you should look at houses for sale in your area. Owning a home allows you to truly be a part of a community. For many folks, that sense of belonging is priceless. If you’re tired of moving from place to place, you may be happier if you can find a property you really love and can see yourself in for years to come.

Owning a home can allow you to save money while making a great investment and customize your private living space for the foreseeable future. To learn more about the new homes available in the Philadelphia, Upper Darby, and Drexel Hill area, contact Creekside at Llanerch today.

Searching for a New Place to Live? Here’s What to Look For

luxury real estateThe millennial generation has finally entered into the home buying market and it’s a very exciting time. You’ve probably heard for years that your generation is spoiled, entitled, and lazy, but you clearly have worked hard to get to this point, so let all that noise fall on deaf ears.

It’s time for you to find a great place to live and settle in with your spouse to (maybe) eventually start a family! But what, exactly, constitutes a great place to live?

Here are a few things that the average millennial homebuyer is looking for nowadays:

Luxury real estate

Ask just about anyone on the home buying market and almost everyone will admit that luxury houses are at least atop their dream real estate list. Far too many people think that luxury homes cost a fortune and never pursue anything with the word “luxury” attached to it. That’s not always the case, however. There are plenty of excellent luxury real estate communities that are affordable — you just have to know where to look.

Energy efficient properties

Nearly half — 48% — of homebuyers that are interested in brand new homes admit that “energy-efficiency” is their most desired feature. Millennial homebuyers do enjoy smart appliances, luxurious designs, and other presumably costly features, but they still are quite frugal. Not only do they look for great deals when buying these otherwise expensive items, they also put a tremendous effort in saving on their energy expenses.

Great school districts

Even if you don’t have children now, it’s always a possibility. Millennials are always thinking about the future and considering future children is very important. Make sure that when you’re searching for a great place to live, you do a little research about the school districts beforehand.

Safe and clean neighborhoods

In a recent survey by Urban Land Institute, roughly 50% of survey respondents said that walkability is one of the top priorities in where they would choose to live. If you can’t walk around the neighborhood without feeling unsafe or finding piles of trash, it might not be the best place for you.

If you’re looking for new homes in Philadelphia and are hoping to find some luxury real estate in a safe, clean, and excellent school district, contact Creekside at Llanerch today!