Joseph Del Sesto's Blog
Looking to move out of a big city? Relocate to a small town, and you can enjoy the simple joys of small town life.
Many people prefer the small town lifestyle, and for good reason. In a small town, you won't have to worry about excess traffic or noise. Plus, many homes are available in small towns nationwide, ensuring you should have no trouble discovering a wonderful residence without having to worry about breaking your budget.
Kick off your search for a small town home today – here are three tips to help you secure a terrific small town house.
1. Study the Local Housing Market Closely
What are you looking for in a small town home? Ultimately, you'll want to consider exactly what you'd like to find in a small town house before you conduct your search for the ideal residence.
Creating a checklist of must-haves is essential. With this list, you'll be able to examine available homes in a small town and narrow your search accordingly.
Also, don't forget to examine the prices of recently sold houses in a small town. This housing market data will enable you to differentiate between a seller's market and a buyer's market.
2. Get Financing Before You Start Your Home Search
Can you afford a small town home? It all depends on the financing at your disposal.
Meet with several banks and credit unions to explore your mortgage options. That way, you can learn about fixed- and adjustable-rate mortgages and obtain financing.
If you ever have concerns or questions about home financing, be sure to ask a lender for assistance.
Remember, banks and credit unions employ mortgage professionals who are happy to help you in any way they can. These mortgage experts can teach you about different types of mortgage and offer personalized mortgage recommendations, ensuring you can get the financing you need to make your homeownership dreams come true.
3. Collaborate with an Experienced Real Estate Agent
When it comes to the real estate market, it is always better to err on the side of caution. Fortunately, real estate agents are available in small towns and big cities alike and will do whatever it takes to help you find a great house.
Hiring an experienced real estate agent who understands the properties that are currently available in a small town is vital. This real estate professional will offer tips throughout the homebuying process, guaranteeing that you can make informed decisions at every stage.
Perhaps best of all, an experienced real estate agent will take the guesswork out of buying a small town home. He or she will set up home showings and open houses, keep you up to date about new properties as they become available and negotiate with home sellers on your behalf. As a result, this real estate professional will streamline the process of going from homebuyer to homeowner.
Take the next step to acquire a home in a small town – use these homebuying tips, and you can locate a small town home that can serve you well for years to come.
2 Sampson AV, Unit#D, North Providence RI, 02911
2 Sampson AV, Unit#D, North Providence RI, 02911
Renting a studio apartment is a great way to save for a down payment on a new house. Studio apartment living has additional benefits that you might want to take advantage of. But, first you may have to get accustomed to living in a smaller space.
Making the shift
If you’re transitioning from living in a college dorm to a studio apartment, the size adjustment should be simple. In fact, you may hardly notice the change. Moving into a studio apartment from a full size house is another story.
The average size of a studio apartment depends on where the apartment is located. In New York, the average size of a studio apartment is about 550 square feet. In Chicago, a studio apartment runs between 400 to 500 square feet. A studio apartment can be less than 400 square feet in other cities. Location also has a significant impact on the monthly rent that you’d pay for a studio apartment.
Ways that you can save by living in a studio apartment
Using New York as an example, you could pay more than $2,300 for a 550 square foot studio apartment in a hot spot like Manhattan. Shop around. Don’t assume that because the unit is small that the rent will also be small. Wherever you rent, you should pay less than you would pay for a standard one or two bedroom apartment.
Although a studio apartment is small, there’s enough room to fit a sofa bed, one tall dresser, a television stand and a television and a stereo. The apartment probably won’t have a kitchen. Pay attention to the layout. You’ll get more for your money if the layout is completely open except for the bathroom. More ways to save while renting a studio apartment include:
- Buy food that doesn’t require cooking.Fortunately, a lot of healthy foods do not have to be cooked, so this could motivate you to develop a more healthy diet. Avoid eating out to save on food expenses.
- Wear clothes that are a part of your current wardrobe. To save on space, you won’t be able to buy lots of clothes and shoes,another motive to save money for a down payment on a new house.
- Get outdoors. Hang out with family and friends at great outdoor spots like free outdoor concerts, sports competitions and outdoor festivals and cultural events. Being outdoors can keep you from feeling like you’re confined to a small space.
- Take advantage of living in a smaller space to focus on your career. You could use the time that you spend at your studio apartment, to start a business. Put a portion of these earnings toward your down payment.
- Get exercise. Instead of taking the bus or train to work, if you live close enough, bike or walk to and from work. Deposit the money that you save on transportation toward your down payment.
Starting small could yield big results, especially as it relates to buying a house. If you rent a studio apartment at a reasonable price, you could use the money that you save on the difference in the rent versus what you would pay for a one or two bedroom apartment or a condo as a down payment on a new house. Rent a studio apartment and you could also adjust to living on your own for the first time, especially if you’re a recent high school or college graduate.