Well inspections are critical when buying a home with a well as the primary water source. Buyers considering homes in rural settings often encounter houses for sale that get their water from wells. With homes drawing on municipal sources, there is an assumption that the water in the house will...
Fun Fact:An aquifer is like an underground sponge full of water. A well is the straw that lets you take a sip—but make sure it’s a clean one! Anatomy of a Well Your well isn’t just a hole with water at the bottom. It’s a complex system that includes: Casing: The protective...
Pros and Cons of Buying a House After 60 Pros: Having a home that meets your retirement lifestyle. Building equity is a good move at any age. Homeowner tax deductions. You can pass an asset on to your heirs. Stable housing costs compared with renting. Cons: It can be a...
Below is a series of questions you should consider asking when buying a lake house. Whether you are dealing directly with a seller or through areal estate agent, get these answers to ensure you’re happy with the purchase. What is a Lake Home? A lake house is a residence near a lake. ...
Patrick S. Duffy,Dawn BradburyandBarri SegalJan. 10, 2025 Your Home, Year 1 Buying a house is only the beginning of your homeownership adventure. Kristi Waterworth,Dawn BradburyandLiisa RajalaJan. 6, 2025 Find a Top Agent »
The Petropouloses agree, and point out that the whole family learned from the building experience. Their children joined builder meetings, saw the foundations getting laid, and marveled at seeing a house with no walls. Today, they know how plumbers install pipes and electricians wire rooms. They...
Costs in buying a house Down payment.You'll have to save some money toput down on a house purchase. This can be as little as 3% of the total purchase price, but if you put at least 20% down on most mortgages, you won't have to pay for mortgage insurance. ...
As such, there is increasing concern about whether building a house or buying a house is more friendly to our energy infrastructure. Certainly, buying an older home reduces the energy utilized in construction. However, older homes aren’t always well designed for energy efficiency. ...
For example, if you have a hard budget of $400,000, you can either afford a $400,000 new house that doesn't need renovations or a $350,000 house that needs $50,000 in renovations. Finding the right mortgage lender who can work with your budget goes a long way toward making the ...
Sometimes a bank will give you a loan for more house than you really want to pay for. Just because a bank says it will lend you $300,000 doesn’t mean that you should actually borrow that much. Many first-time homebuyers make this mistake and end up “house poor” with little left ...