4 Reasons To Buy A Home This Winter!

Here are four great reasons to consider buying a home in Hampton Roads today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase 

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4.8%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase in 2019.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage

There are some renters who have not yet purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person building that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on With Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

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8 Ways to Extend Your Patio Season This Fall

Cooling temperatures and the arrival of pumpkin spice everything doesn’t mean that you need to head indoors just yet. Using your outdoor living space is a great way to enjoy the changing of the season and enjoy some outside time. Consider these 8 ways to extend your patio season into the fall.

  1. Add Some Warmth

Making sure that your outdoor living space is still enjoyable and comfortable will encourage you to use the space more often. Consider adding a patio heater that can easily radiate heat in a large of area for you and your guests. Choose from a variety of sizes and styles that fit your budget and the overall look of your outdoor patio area.

  1. Hang Some Lights

You’ll need some extra lighting with the sun setting sooner than it was earlier in the summer. Hang a few strands of lights around the perimeter of your outdoor space in order to add a touch of sparkle to prolong those after-dinner conversations. Choose from different styles that cater to your unique tastes and personality.

  1. Cuddle Up with Throws

As temperatures continue to drop, make sure to always have a stack of fresh, cozy throw blankets ready for friends and family so they aren’t scared back inside by the crisp fall air. Consider storing blankets in a weather-tight box outdoors to keep them dry and ready for use.

  1. Add Some Ambience

To create a truly enjoyable outdoor ambience, consider adding a popular fire pit to your patio to encourage those guests to stay awhile. Not only does a fire pit add an extra layer of warmth but it provides a point of interest to an outdoor living space. Invite friends over to roast some hot dogs over the fire and indulge in gooey s’mores for dessert.

  1. Sip Some Tea

Wrapping up in a cozy blanket to read a book and enjoy a hot cup of tea, or hot chocolate, is the epitome of fall that many homeowners love. Make sure to provide enough side table space next to outdoor chairs for ultimate comfort while diving into a good book. Use a simple outdoor tray to carry sweeteners and sugar cookies to enjoy with your warm beverage.

  1. Leave the Leaves

You may want to immediately rake up fallen leaves on your patio, but consider letting them fall where they may to really set the scene of your outdoor space. The colors of fallen leaves provide those seasonal scents that remind of autumn-and they can be mulched for your fall lawn careneeds.

  1. Add Fall Color

Pumpkins are a welcome addition to any outdoor space this time of year. Pick up a few different shapes, colors and varieties of the orange gourds to add a pop of instant seasonal color to your patio. Stack and store pumpkins on your patio before carving them later in the season.

  1. Have A Game Center

Fall is a great time to enjoy lawn games that carried over from the summer. Many homeowners find that fall is the better season to enjoy a quick game of horseshoes or croquet in the comfortable, cooling temperatures. Create a game center on your patio that is easy for guests to access and invite your friends and family to join you outdoors for a friendly competition.

Extending your patio season is easy with these eight tips to help your patio pop well into the fall.

Source

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