Include This in Your Budget When Buying a Home

If you’re in the market for a new home, one of the first things you need to determine is how much of a monthly mortgage payment you can comfortably afford. A loan officer or mortgage broker can help you figure that out, based on your income, debts, and other information.

One thing they probably won’t include in the equation is the cost of home maintenance and other essential services, like garbage collection.

Ultimately, it’s up to the homeowner to build in enough “breathing room” in their budget to cover unexpected expenses. Although you can’t predict exactly what those expenses will be or how much they’ll cost, it’s virtually guaranteed that they’re going to occur. Whether you’re planning to buy a new house or a mid-century dwelling, here’s the short list of typical homeowner expenses that could crop up. While all these items may not apply directly to your situation, many of them eventually will.

  • Plumbing repairs: Leaky pipes, clogged drains, and broken plumbing fixtures are common problems in most homes. You may also need a plumber to fix or install a garbage disposal, repair or replace a hot water heater, or hook up a new refrigerator to your water supply.
  • HVAC services: When you combine the cost of semi-annual routine service calls and unexpected emergency repairs, the cost of maintaining your heating and cooling systems can really take a bite out of your household budget!
  • Appliance repair: The typical family depends on at least a half a dozen major appliances to prepare meals and keep their clothes and dishes clean. When one or more of those appliances break down, chaos can ensue! In many cases, it’s more cost-effective and practical to call a repair service than buy a new appliance.
  • Exterminator services: Regardless of whether you live in the city or the country, unexpected and unwelcome insects, rodents, and other miscellaneous varmints can show up in your home and yard. Sometimes it’s even necessary to call a wildlife control specialist to remove skunks, raccoons, and other intruders!
  • Electrical repairs and upgrades: Although electrical repairs are occasionally needed for safety reasons, most calls to electricians are more routine in nature. However, when light switches, electrical outlets, and ceiling lights stop working, it can be a huge inconvenience for you and your family. In some cases, you might even be desperate enough to pay extra for emergency electrical service on weekends!
  • Miscellaneous expenses: Garage door repairs, fireplace cleaning, swimming pool maintenance, deck repairs, rain gutter cleaning, professional carpet cleaning, landscaping, fence repair, home siding repair, and wet basement problems are a few of the many expenses that may require you to dip into your savings or household budget.

If you happen to be a first-time homeowner, you may also need to shell out hundreds (or thousands) of dollars for items like a lawn mower, yard maintenance tools, snow blower, vacuum cleaner, furniture, and interior painting supplies. While home ownership, decorating, and yard maintenance can give you a feeling of satisfaction and pride of ownership, it’s necessary to earmark a sufficient amount of money to pay for those sometimes unexpected costs!

Living Clutter-Free With Kids

Living with kids can be challenging for so many reasons. One of the biggest concerns that most parents have within their home besides keeping their home safe is keeping it neat and clean. Although it can seem like an impossible task, you can keep your house clean while your kids are still living in the house. Read on for some tips to a clean and organized house. 

Get Rid Of What You Don’t Use


Too much stuff is one of the first problems in a messy home. You need to make a list of every space in your home. See which areas need improvement. Start in those spots to see how much more space you can make. Keep only the essentials. Everything else should be donated or tossed in the trash. If you have more space to get organized, the task of being neat will be even easier to achieve.

Everything Needs A Place


After you get rid of what you don’t use, clutter can still accumulate easily. If you don’t have a system in place to help your kids put things away, chaos will continue to ensue. How do you develop a sense or organization? Group things together. Electronics, batteries, and cords should go together. Different types of toys can have separate bins and containers. Keep blocks with other blocks and crayons with art supplies. Not only will things be more accessible to put away for your kids, but they’ll also be able to find item easier as well. Do you see that you still need a “junk drawer”? You can designate one spot in the house for miscellaneous things that either need a home or are in transition. Just don’t let this space be too big or get out of hand. 

Have A Clean-Up Time In Place

Sometimes, clutter becomes a problem because we don’t make cleaning up a priority. Add cleaning up clutter to your list of what needs to be done on a daily basis. Just as you clean your dirty dishes up from the sink, you should take the time to put items back in their place. Are you a procrastinator? Make sure you keep the importance of cleaning up fresh in your mind. Keeping clutter at bay is a habit that needs to be developed by both you and your kids. As a parent, you can make a game or competition out of clean up time. This contest can help to motivate your kids to learn your organizational systems and keep them in place. 

Keeping a neat house when you have kids isn’t as impossible as it seems when you attack the project from the right angle.   

12 Pleasant St Waltham, MA 02452 now has a new price of $3,300!








12 Pleasant St,



Waltham, MA 02452

Rental

$3,300
Price

9
Rooms

5
Beds

2
Baths

Single Family house for rent near Ellison Park area just off Main St. Large home with good sized rooms. 5 bedrooms plus a small office, plenty of parking.

Open House

No scheduled Open Houses

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Questions to Consider About a Home Loan

Obtaining a home loan is a must for most homebuyers. However, there is a lot to think about to ensure a homebuyer can secure a loan that matches or exceeds his or her expectations.

Some of the key questions to consider about a home loan include:

1. What is a home loan’s interest rate?

It is paramount to understand a home loan’s interest rate, along with any associated loan fees. That way, a homebuyer will know exactly how much he or she will be paying over the life of a home loan.

If a homebuyer chooses a fixed-rate mortgage, he or she can lock in an interest rate for the duration of a home loan. This means a homebuyer will pay the same amount each month. And in many instances, a fixed-rate mortgage can be paid off early without penalty.

On the other hand, a homebuyer may prefer an adjustable-rate mortgage. With this type of mortgage, a homebuyer may receive a lower interest rate initially that rises after a set period of time.

Compare and contrast the different home loan options and their associated interest rates. By doing so, a homebuyer can make an informed home loan decision, one that serves him or her well both now and in the future.

2. Does a home loan require a minimum down payment?

Ask a lender about whether there is a minimum down payment required as part of a home loan agreement. Typically, a homebuyer will need to pay at least a small portion of a home’s price to secure a home loan, and it certainly helps to have this information available before you start evaluating available residences.

In addition, it may be worthwhile to save as much money as possible prior to starting a home search. With money at your disposal, you may be better equipped than ever before to make a large down payment, thereby reducing the amount that you’ll need for a home loan. Plus, you may even be able to boost your chances of getting a favorable home loan interest rate.

3. Will I need to provide legal documents to obtain a home loan?

Lenders will require you to provide proof of your income and assets, W-2 statements and other legal documents to finalize a home loan agreement. If you stay organized and have these documents readily available, you should have no trouble providing them to a lender as needed.

Overall, the home loan application process may vary from several weeks to many months. The time it takes to secure a home loan can be stressful, and if you need extra help along the way, it never hurts to reach out to a real estate agent.

With a real estate agent at your side, you can streamline the process of buying your dream home. This housing market professional can offer expert tips throughout the homebuying journey and ensure you can discover a great house at an affordable price.

Take the guesswork out of securing a home loan – consider the aforementioned questions, and you can move one step closer to getting the financing you need to obtain your ideal residence.