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What Do Young Couples Look For While House Hunting

House hunting as a couple is a fun and exciting experience. Let’s take a look at important things young couples should look for while searching a house, in order to make the right choice:

  • Practicality: Young couples are better off with houses that fulfill their immediate requirements within a set budget. It does not make sense for them to start off with a massive house that costs more. Even a medium sized house will suffice with a few upgrades.
  • Condition Of The House: Getting a home inspection done can be immensely beneficial in determining the condition of the house in terms of its foundation, electrical system, windows, roof condition, heating and cooling systems, mold issues etc. Couples should opt for homes which require minimum expenses after purchase. Look for hidden flaws that can be in the form of less water pressure, less natural light etc.
  • Budget: Young couples should focus on buying a house that will require lower mortgage payments on a monthly basis. It can be tempting to opt for a house with cool and modern features but that comes at a cost which might exceed their budget.
  • Size Of The House: Couples should aim for a house that is neither too big nor too small. Factors like kids, how many guests they entertain and the costs of electricity, heating and cooling should be considered when determining the perfect size for a home.
  • The Neighborhood: It is an important factor that they must consider. Ideally, a good neighborhood is one that is in a good school district, has restaurants, clubs & entertainment centers nearby, is pet friendly, has dependable public transportation, medical facilities etc.
  • Outdoor Space: Nature lovers should consider whether the house they intend to buy has outdoor space. This can be an important consideration for some who prefer more outdoor space as compared to the space indoors.
  • HOA And Zoning Regulations: If you are interested in houses that come under the Homeowners Associations, it is important to check out the rules and standards of the same before finalizing the deal.

For more information, contact Lone Star Realty & Property Management, Inc. We are located at 1020 W Jasper Drive, Killeen, TX 76542. You can also call us at (254) 699 – 7003.

Tips For Long Distance House Hunting

Long distance house hunting could sounds like an unfathomable project but with the help of a good real estate team, sufficient knowledge, realistic goals and technological convenience, it can be achieved easily. Here are some great tips for anyone hunting for a house:

  • Consult A Realtor: A reputed and experienced realtor in the area of your choice is your best friend. He will be well-versed with the nuances of the area and will help you make a decision that’s in your best interest. Choose a realtor with a decent number of contacts. Read reviews of people who have availed the realtor’s services before and use that as a guide for finalizing one. A good realtor should be tech-savvy with some knowledge of social media platforms. He should have unique marketing strategies and must be easy to approach.
  • Do Your Own Bit Of Research: In addition to availing the services of a professional for house hunting, you should also educate yourself on the latest trends. Do some research on online platforms, call friends and relatives in and around the area, look into websites with useful information such as the livability costs of the area, job market, crime rate etc. Online listings are another great source for a comprehensive research of potential houses. They provide relevant information and clear picture of the house.
  • Be Clear About What You Want: Long distance house hunting calls for clarity of thought as far as your needs and requirements are concerned. Delve deeper into what it is that you want from the home you are looking for. What kind of locality are you interested in, which size do you want, how near/far the amenities are, how far is the school, medical care, airports etc. Answering these questions to the best of your ability will set you forward in the right direction. It will also save your agents time.
  • Cost Assessment: Ask your realtor to help you with determining the costs of living in various areas. Costs such as gas, eating out, public transportation etc. should be carefully considered. Compare these expenses with those of your current place of residence. Use the data to determine whether the move will be a financially viable one or not.
  • Travel: After all the research and endless communication with your realtor, you will finally have to visit the area. Nothing compares to actually being at a place and taking a look at the neighborhood, talking to the people around, checking out local amenities, transportation options, internet speed etc. This will help you make an informed decision.
  • Take Your Time: Never rush into a deal unless you are fully satisfied. After all the information from your agent and personal research, step back and give yourself time to reassess all the options.

For more information, contact Lone Star Realty & Property Management, Inc. We are located at 1020 W Jasper Drive, Killeen, TX 76542. You can also call us at (254) 699 – 7003.

A Move-Out Cleaning Checklist

Moving out of a house or an apartment can be stressful, but is an important task that must be completed to ensure that you get your security deposit back, and are not charged for something that could easily be avoided. Putting a plan in place for the move-out process can make it a lot less cumbersome. The following checklist will assist you in moving out efficiently, by enlisting the important tasks to be done while moving out:

  • Remove any screws or nails on walls and fill in the holes.
  • Clean glass windows, doors and mirrors with glass cleaner.
  • Scrub bathtubs and bathroom sinks with cleansers designed for the purpose. Bleach could come in handy at this stage to remove any stubborn grout. Also make sure you clean the drains and do not leave any unsightly hair or grime behind.
  • Clean any outdoor space after moving away potted plants.
  • Perform minor repairs like broken door knobs, missing blinds etc., to ensure that you are not charged exorbitantly for these repairs after you move out.
  • Clean switchboards, kitchen surfaces and any other shelves as well as surfaces that can be wiped down.
  • Empty all cabinets and drawers and wipe down their surfaces from inside.
  • Clean kitchen sinks and counters. Pay special attention to the faucets, ensuring they are shiny and well-cleaned.
  • If you have a garage, make sure it is well-organized and cleaned. Vacuum and mop the floor and all surfaces in garage.
  • Clean any electronic appliances like dishwashers, ovens, washer and dryer, microwave, etc. and make sure you replace any component that you might have removed. Leave everything as you found it when you shifted.
  • Remove any wallpaper, child locks, shelf liners etc. that you might have added at some point.
  • Clean the kitchen stove, take time to remove all drip pans, clean them thoroughly and replace if necessary. Remember that it is a lot cheaper to buy drip pans than to be charged several fold the cost, if you leave ones in bad condition behind.
  • Make sure you do not leave any personal accessories such as shower curtains, handheld showers, curtains etc. behind.
  • Clean walls and baseboards to remove any fingerprints or removable marks.
  • Vacuum out any dusty outlets such as the bathroom exhaust fan or area under heating vents.
  • Get carpet cleaned professionally if necessary, or else vacuum thoroughly after moving out furniture.

The secret to making moving out smoothly and efficiently is to allow yourself plenty of time so that you are not stressed out at the last minute. Following a checklist can help to break down the whole process into manageable tasks to ensure that no important step is missed.

For more information, contact Lone Star Realty & Property Management, Inc. We are located at 1020 W Jasper Drive, Killeen, TX 76542. You can also call at (254) 699 – 7003.

Terms Associated With Real Estate

Real estate terminology is wide-reaching and comprehensive. Having a basic understanding of these terms will help you perform better in the real estate world. Here is a look at some of the popular terms associated with real estate

  • ARM (Adjustable Rate Mortgage): ARMs are mortgages that are tied to indexes, according to which the interest rate of the mortgage changes periodically.
  • Adjustment Date: This term is directly linked to ARMs (Adjustable Rate Mortgages) and refers to the date on which the interest rate of the ARM changes.
  • Appraisal: If you want to buy a home, your lender will require this figure from you. This can be obtained with the help of a licensed appraiser who will determine the appraisal based on the prices of other homes of similar value.
  • Closing costs: These are the costs that are incurred during the process of closing the deal. They include loan origination fee, processing fees, insurance for the title, tax, attorney’s fee etc.
  • Contingencies: These refer to certain conditions that are put forward and must be fulfilled before the sale is finalized.
  • Down payment: Down payment is the initial lump sum that is paid by the buyer as payment. It is excluded from the amount that is financed, and is a determining factor in the length of the loan as well as interest rate.
  • Easement: It is a legal document authorizing someone other than the legal owner to have rights over the property.
  • FHA mortgage: This is a mortgage that is given by the FHA (Federal Housing Administration). It is easy to qualify for such loans and have low down payment requirements.
  • Foreclosure: Foreclosure is the legal term used for a situation in which a borrower defaults on his payments, and is thus deprived over the possession and rights on the property. A forced sale at a public auction is made and proceeds from the sale are used for paying off the mortgage debt. 
  • Lien: This is the right to hold one’s property until the conditions that caused the withholding are fulfilled.
  • Mortgage: This is a legal document that gives the lender security by giving him rights to the property in case the borrower defaults on their payments.

For more information, contact Lone Star Realty & Property Management, Inc. We are located at 1020 W Jasper Drive, Killeen, TX 76542. You can also call us at (254) 699 – 7003.

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