Realtor news, new vs. used and everything you need to know when you are buying a new home!
In Part I of our series on what Millennials seek in a home-buying experience, we discussed some non-interpersonal aspects of how this generation tends to pursue their daily lives and business.
If you need a reminder, Millennials are the youngest major generation in the U.S. They achieved early adulthood in the 2000s, and generally are in their 20s and 30s as we speak.
They’re also the largest sector of U.S., home buyers — 34 percent, according to a recent National Association of Realtors survey — so it’s wise for Millennial home buyers and homebuilding and real-estate pros to understand each other.
Are you a prospective Millennial home buyer or know someone who is? In the U.S., Millennials are today’s youngest signature generation. Their spending power, cultural influence and priorities are impacting how many industries conduct business nowadays, and the home-building industry is no different.
Millennials, by definition, are those who began their early adult years in the 2000s. Think those with birthdays in the 1980s and the 1990s. Per a recent National Association of Realtors report, millennials now are the biggest home-buying group — a whopping 34 percent.
Let’s examine what we know about how Millennials approach buying a home. We at […]
Good question! Gated communities offer more controlled access, privacy and security than a non-gated community. But there are some potential pitfalls. If you’re unsure where to build your new custom Florida home, it’s time to do some homework.
We’ll help you sort through whether you should buy a home in a gated community.
Start with the good stuff.
There are reasons home buyers pay additional fees and annual assessments to live in a gated community. Prestige — let’s not be shy about saying so — is one of them. Certain addresses are where some folks want to live, which is A-okay.
One example […]
Which is Right For You? Spec Home or Custom Build?
When you’re in the market for a new home, you usually have three choices: a resale, a “spec” home (we’ll explain) and a custom home built just for you and your household.
Hmmm. Which would you prefer? A resale means you’re buying a home someone else is selling, usually not a new home. A spec home, also known as an inventory home or showcase home, is a new home built to sell. It’s usually a builder’s popular floor plan and what you see is what you get, especially if the […]
So, it’s time to buy a home. Many of you likely are ready to do so for very different reasons. For one, you might be starting a family and need more space. Two, you might be only months from retirement and long have been ogling a move to the beach. Three, you might want to live closer to aging family members. Four, you might be facing a big career transfer.
Or, maybe it’s simply time to become a homeowner. You’re done with renting. Weary of stuffing a landlord’s wallet each month rather than building equity in your own place (What’s […]
No matter the industry, job or career path, women who command board rooms, teams, divisions and departments usually know what they want and need when it’s time to buy a new home. For dual-career couples, the new-home search can be tricky unless both partners’ job requirements are compatible. Convenience, commutes and access to work sites all are critical factors. So how do women balance their work needs when choosing a new home? Read on.
They need a home office
Or a studio, drafting table or writing room. Regardless of the types of jobs or careers, working women are as big a […]
For many of us, home-buying may seem the primary domain of families and couples. Another fact many of us may take for granted is that there’s likely more than one income for those two household categories.
But as society has evolved over the past seven decades, so have trends in household composition, which — not surprisingly — can affect home buying. Here’s a look at how households have evolved in the United States during that time period, and how folks in any household category can making home buying a reality.
Statistics tell a story
The 2016 Current Population Survey Annual Social and Economic […]
Which is Right For You? Spec Home or Custom Build?
If you plan to move to Florida from another state, or simply from one part of Florida to another, finding your new home can be a time-consuming exercise. Few of us make that decision quickly or lightly, so deciding whether to buy an existing new home — a “spec home” — or have one built to your specifications, is something worth pondering. But what if you don’t want to, or can’t take that kind of time? We’re here to help you decide whether a spec home or a custom […]
Ready to buy a new Florida home, but fear you might not withstand a mortgage lender’s scrutiny? You might surprised. Regardless of economic climates, mortgage prospects exist for home buyers of all economic stripes. That’s because in everyday life, lenders exhibit more elasticity with financial home-buying requirements than you might think. The key? Don’t take hearsay about current mortgage trends for granted, whether it originates from office gossip, media, social media or our friend Google. Here are a few real-world tips for sizing up your mortgage potential.
First, You Need a Decent Credit Score
Must it be perfect? No. Few of […]
Not many of us have the financial reserves to pay cash for a new home. Most of us must finance that purchase. If that’s your situation, we at ICI Homes offer some handy tips before you apply for a mortgage. If you’re not sure your financial health can withstand a lender’s examination, read on. Our five tips will help you whip your finances into shape before you buy a home.
Get Your Credit Reports
Your credit rating is the baseline that lending institutions will use to determine your mortgage eligibility. They’ll examine more factors than only your credit rating, but it […]