Some experts point out Millennials make the mistake of buying a “starter castle” or a large home as their first home.
Weighing the pros and cons
When buying a home as a first-time home buyer – weigh the pros and cons of a traditional, small entry-level home vs. a large home.
Avoiding millennial home buying mistakes
According to a recent article by cnbc.com, stretching too much to afford a first home is the biggest mistake made by millennial home buyers. For the most part, Millennials buy fewer homes than their predecessors due to lower salaries, higher home prices, student loans and higher costs. Although some young people enjoy help from their baby boomer or Generation X parents, they struggle to come up with hefty down payments. By working with a Realtor to find a more affordable starter home, it’s possible to step up to a nicer home in 5 to 6 years. Continue reading
Kitchens are the center of any home.
They’re where chocolate chip cookies are baked and where children do homework after school.
Remodeling this space is popular as it can increase home value, though it doesn’t come without a cost. The average remodeling cost is $21,688, and the price is why many homeowners have to put updates on the back burner.
If you just moved into a Springfield, MO home that needs a kitchen makeover, here are some money-saving tips you will likely want to know: Continue reading
When it comes to the architectural style of a home, some people think about resale value and others focus on their personal dream home. If visions of Colonial, Modern or Ranch homes dance in your head, it pays to go with the heart. However, a good Realtor will assist you in understanding the most popular architectural styles and projected real estate trends as it relates to resale value. According to research by trulia.com, favorite home styles depend on which part of the country an individual resides. For home buyers in our area, some of the common home styles include ranch, craftsman and contemporary. A lot of home buyers specifically seek mid-century modern homes to renovate. If you aren’t sure which style to choose, experts say the safest best is to opt for the humble ranch style home. In fact, ranch is the favorite architectural style in 34 states.
A ranch is a single story home, which appeals to aging home buyers including baby boomers who don’t want to travel up staircases. Ranch homes as well as contemporary homes have open floor plans. Built in Springfield in the 1980s and 1990’s ranch homes include attached garages with attractive brick. When it comes to projected real estate trends, experts say the ranch is making a comeback but other architectural styles making headlines include the modern home with geometric lines and a lot of windows. Continue reading