Posted by Mary-Lou McDonough on 8/19/2019

If you've been pre-approved for a mortgage, you can enter the housing market with a budget in hand. In fact, this mortgage will enable you to spend up to a certain amount on a house. But in many instances, it pays to buy less house than what you can actually afford.

Ultimately, there are many reasons to consider purchasing a house below your means, such as:

1. You might not have to worry about significant home maintenance.

A small house likely means less home maintenance than would be required in a large house. Therefore, you may be able to spend less time worrying about keeping your residence looking great if you acquire less home that what you can afford.

Of course, let's not forget about the money that you might save by purchasing an affordable residence. If you buy an inexpensive home, you may be able to use the money that you save to hire professional home cleaners, landscapers and others to help you enhance your residence's appearance.

2. You'll be better prepared than ever before for unexpected expenses.

There is no telling when a family emergency, natural disaster or other dangerous situations may arise. Fortunately, if you spend less on a house now, you may be better equipped than ever before to handle the expenses commonly associated with these unforeseen events.

Purchasing a cheap house may prove to be valuable if you encounter costly, time-intensive home repairs down the line too.

For example, your home's roof won't last forever, and you likely will need to fix or replace it at some point. But if you purchase a budget-friendly home, you may be able to save extra money that you can use to cover the costs associated with various home repairs.

3. You'll have more money that you can use to personalize your house.

The money that you save on a house today may be used to upgrade your home both now and in the future.

For instance, if you want to install a deluxe swimming pool or fire pit in your backyard, spending less on a house now may provide you with the financial resources that you need to fund these projects. And if you complete a broad range of home renovations, you may be able to increase your house's value as well.

Deciding how much to spend on a house can be a tough decision for any homebuyer, at any time. If you collaborate with a real estate agent, you can explore a vast array of residences that fall within your price range.

A real estate agent will learn about your homebuying goals and tailor your home search accordingly. He or she also will set up home showings, keep you informed about new residences that become available and ensure that you can discover a home that matches or exceeds your expectations.

Consider your budget closely as you prepare to kick off a home search. By doing so, you should have no trouble finding a terrific house at an affordable price.





Posted by Mary-Lou McDonough on 8/16/2019


11 Hickory Hill Road, Wayland, MA 01778

Single-Family

$899,000
Price

9
Rooms
4
Beds
2
Baths
Newly renovated expanded Cape located on a peaceful cul-de-sac in a sought-after North Wayland neighborhood. Elegant living room with granite surround fireplace, wall of custom built-ins and a sunny bay window opens to an intimate dining room. Open-concept kitchen offers white cabinetry, granite counters, stainless steel appliances and a warm maple-topped island with seating. Adjoining family room with bay window provides access to the charming three-season porch where you'll enjoy serene views of the private, fenced rear yard and conservation land beyond. A tiled bath and two bedrooms complete the first level. The second floor offers two bedrooms and another newly renovated bathroom. The lower level features an expansive recreation room with exterior access, a large storage space, and a mudroom with walls of built-ins leading to a two-car garage with extra storage. The interior is freshly painted in a tranquil palette and offers hardwood floors throughout. Nothing to do but move in.
Open House
Saturday
August 17 at 1:00 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 11 Hickory Hill Road, Wayland, MA 01778    Get Directions

Similar Properties





Categories: Open House  


Posted by Mary-Lou McDonough on 8/16/2019


11 Hickory Hill Road, Wayland, MA 01778

Single-Family

$899,000
Price

9
Rooms
4
Beds
2
Baths
Newly renovated expanded Cape located on a peaceful cul-de-sac in a sought-after North Wayland neighborhood. Elegant living room with granite surround fireplace, wall of custom built-ins and a sunny bay window opens to an intimate dining room. Open-concept kitchen offers white cabinetry, granite counters, stainless steel appliances and a warm maple-topped island with seating. Adjoining family room with bay window provides access to the charming three-season porch where you'll enjoy serene views of the private, fenced rear yard and conservation land beyond. A tiled bath and two bedrooms complete the first level. The second floor offers two bedrooms and another newly renovated bathroom. The lower level features an expansive recreation room with exterior access, a large storage space, and a mudroom with walls of built-ins leading to a two-car garage with extra storage. The interior is freshly painted in a tranquil palette and offers hardwood floors throughout. Nothing to do but move in.
Open House
Saturday
August 17 at 1:00 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 11 Hickory Hill Road, Wayland, MA 01778    Get Directions

Similar Properties





Categories: Open House  


Posted by Mary-Lou McDonough on 8/13/2019

This Single-Family in Lexington, MA recently sold for $770,000. This Colonial style home was sold by Mary-Lou McDonough - Barrett Sotheby's International Realty.


519 Lowell Street, Lexington, MA 02420

Single-Family

$778,000
Price
$770,000
Sale Price

7
Rooms
3
Beds
2/1
Full/Half Baths
Stately hip roof Colonial offers low maintenance, care-free siding and composite decking. Enjoy sipping your morning coffee on the expansive wrap-around porch or rear second level deck or hosting a summer barbecue with family and friends where you'll have plenty of space for yard games. The entire interior has been freshly painted, there are hardwood floors throughout, and a sky-lit third floor with bath is perfect as a bedroom, home office or playroom. Enjoy nature on the nearby Vinebrook trail. Convenient access to major routes, Burlington Mall, and Middlesex Commons. Nothing to do but unpack and enjoy living in historic Lexington.

Similar Properties





Categories: Sold Homes  


Posted by Mary-Lou McDonough on 8/12/2019

If youíre trying to decide whether or not you should put a pool in at your home, thereís a lot to think about. You donít want to regret spending a sizable amount of money. You may picture a life of luxury with a pool, but thereís a lot involved with the installation of it. It can be quite an ongoing investment to put in a pool. Maintenance, repairs, and more are involved. Depending upon the climate you live in, you may need to put a cover on the pool during the offseason as well.


When Putting In A Pool Is A No-Brainer


If you live in a warm climate like California, Florida, Hawaii, Or Arizona, it makes total sense to invest in a pool. these places get the maximum benefit from pool installation since the pool can be used the whole year through. 


If you have a large yard and are able to accommodate both a pool and some yard space, itís also not a bad idea to put in a pool. The important thing is that you understand that youíre not always going to get a return on your investment when you sell your home. Not all homebuyers like pools and often the presence of a pool can even deter some buyers from even looking at the home.


Questions To Ask Regarding Return On Investment:


  • Does a pool fit in with the neighborhood?
  • Is the pool in good condition?
  • How old is the pool?

The idea with homes that have pools is to attract the right buyers. Many times, families with young children stay away from properties with pools since they see it as a safety hazard. Other home shoppers may fall in love with the property because of the pool. The important thing about putting in a pool is knowing that you as a homeowner will enjoy the feature. 


Costs


The average cost to put in a pool in the US is around $30,000. Thatís just a basic pool. Youíll probably need to add a few more details like fencing, pool furniture, and more landscaping. That can cause the total investment to rise significantly. The type of pool that you choose also has an effect on the cost of the project. Donít forget about the added energy expenses of running a filter and putting a heater in the pool. 


Insurance


When you have a pool, youíll need to change the type of insurance that you have. The pool can increase your insurance costs significantly. There also could be certain requirements set forth by the insurance company, such as the pool needing to be fenced in. 


While adding a pool to your home may make your life more enjoyable, it may not add to the value and return you get on your home. Donít over invest in an amenity that wonít give you the returns your looking for unless youíre prepared and know that you as a homeowner will truly enjoy the pool.




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