Been on vacation recently and catch yourself dreaming of owning the house you rented? You are not alone. Many people find that when it comes to buying a second home, their ideal vacation property is found in places they have visited, loved and can see themselves returning to on a regular basis.
As a new homeowner, you may be surprised by a few things you didn’t think about when you were a renter. For example, you may have your own private well for water, and the home you buy may have its own septic system.
If you follow New Hampshire politics or the housing market, you may have heard a new acronym being tossed around – ADU. ADU stands for Accessory Dwelling Unit, and a new law went into effect last month in New Hampshire that requires cities and towns to allow them. So, what are ADUs, and why should homeowners care about them?
What Are They?
Just about every homebuyer has an image in their mind of what their next home will look like. After all, we tend to know what we really want. The question is, in a competitive market with rising home prices, do you know what you actually need?
As interest rates begin to slowly tick upwards, homeowners should take note. So far these small increases have not had a huge impact. But, since more increases are expected over the next year – and even more in the coming 3 years--refinancing or selling and then buying a new home may become costlier as time goes by.
Mahoney to manage Verani’s Somerville office
Verani Realty recently hired David Mahoney to manage its Somerville office. Mahoney will be involved with compliance, onboarding and training programs, recruiting new agents, and marketing and building Verani’s professional presence in and around the Boston metro area.
Berkshire Hathaway HomeServices Verani Realty (Verani) is pleased to announce that Teresa Vitelli has been named director of growth and development. In her new role, Vitelli will focus on building the Verani team in New Hampshire and Massachusetts with quality real estate sales professionals by growing new market areas, recruiting talented agents, mergers and acquisitions, and the development of existing agents.
Nobody ever complains that their kitchen is too large. The roomier it feels, the more comfortable and welcoming this space seems to become.
If you have been watching the real estate market and think that the price of homes is steadily increasing, you are correct. The median price of an existing home in the U.S. rose to a record $252,800 in May.
This means that sellers can expect more return on their investment and buyers should get moving now, because continued increases are expected over the next few months, and even years.
Dogs and fireworks often do not mix well. If you have a dog that hides during any big thunderstorm and completely freaked out during last year's July 4th festivities, you probably already know this.
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