Elisha Lynch, Realtor® SRS's Blog
You don't have to be in the military to need effective ways to adjust to moving into a new house that's located in an entirely different state from where you currently reside. Even a luxury home can be hard to relocate into. It only gets harder the longer that you've lived in your current house.
10 Easy Tips to Make Moving Out of Town Enjoyable
A new house yields loads of change. Adjust to the change effectively and you can start appreciating amenities, structural changes and space that your new house brings.Struggle to adjust to moving into a new house out of state and you could spend months, maybe even longer than a year, to start to feel comfortable, relaxed and at home. To make buying a house in a different state rewarding and easy to adjust to:
- Take three to four pieces of furniture with you.If you don't take furniture to your new house, take decorative items like wall hangings, pictures, books and silk floral arrangements.
- Get contact information, including telephone number, street address and email address from colleagues and people who live in your current town. Keep in touch with at least one of these people once a week or more.
- Allow your pets time to get accustomed to the new house and yard.
- Introduce yourself to your new neighbors who live in the state that you are moving to. Attend community and neighborhood events and start building relationships with your new neighbors.
- Volunteer for events that empower children and adults who live in the new state that you recently bought a house in. For example,you could register to mentor youth or teach an adult how to read.
- Stick to a few healthy routines. Examples of healthy routines are morning exercises at the gym, running in road races and visiting bookstores and libraries.
- Stay open to visiting the state that you recently moved from to spend time with friends and relatives who continue to live in the area.
There's so much to gain from moving into a house in a different state
There is one thing that you cannot avoid if you move into a new house, and that's change. Depending on how you generally accept change, you may need support adjusting to living in a new house that's located in a different state. Keeping in touch with family and friends, regardless of where they live, is just one step that you could take to adjust to the move.
Being open to making new friends also helps. To fully adjust to moving into a new house in a different state, you may need to take more than two to three of the steps mentioned in this article. Give yourself time to get used to the change. Also, remember that you can hold onto memories of special times that you enjoyed at your previous house. Continue to explore your new house and your new neighborhood.
If you’re trying to decide whether it’s best to move from your current home or to make the necessary improvements on the home, it’s not an easy decision. One thing you may have to consider is how to get the capital in order to have those home improvements done.
There’s a variety of options available to you in order to secure a loan to renovate your home. Whether you need to renovate the kitchen, build out from your current property, or replace the heating system, there’s ways that you can get the money to complete these necessary updates.
One thing to consider about any of the options discussed is that you don’t want to be paying for home improvement loans until you need to update everything once again. If you’re preparing to sell your home, making improvements is a wise choice, as it can increase the return that you’ll get on your home.
Don’t Run Out Of Cash
If you cannot complete the improvements that you started, you may not be able to get another loan to complete them. You can typically borrow between 80 and 90% of your home equity. The downside to refinancing your home or taking out home equity lines of credit is that you’ll need to pay closing costs once the loan is approved. In other words, you’ll need to put out some cash in order to get some cash.
Use Your Own Cash
If you have some cash saved up, it’s wise to just do one project at a time. This can take some time, but can be more economical in the long run. If you don’t need to complete your repairs in a hurry, then using your own savings is a good idea.
Refinance Your Home
If you would benefit from a lower interest rate, refinancing your home can be a great option. As long as the cost of repairs doesn’t exceed the number of years that the updates will last, refinancing makes sense.
Home Equity Credit Line
If your mortgage is locked in and working for you, home equity lines of credit are always a good option. You can draw money out as you need it and pay it back as you go. You won’t need to pay interest until you use the money and the loan is good for 10 years. The downside is that if you don’t make the payments, you could lose your home.
Home Equity Loans
This type of loan allows you to borrow a fixed amount and then pay back the loan with a fixed monthly installment. A 15 year term is typical of this type of loan.
A construction loan can be used to build a house or to make large-scale renovations. These loans are short-term and not always easy to find access to. Not to mention that they are heavily managed and perhaps the least popular option presented here.
FHA 203K Loans
This type of loan is generally used to purchase a home that is in need of much repair. The downside is that you’ll need mortgage insurance for the entire life of the loan. Less complicated repairs often offer a more streamlined FHA loan of up to $35,000.
FHA Title 1 Loans
These loans provide up to $25,000 for home improvements. The money is insured by the federal government and can be obtained from approved lenders. Homeowners don’t need access to equity in order to get one of these loans and they are available in 20 year terms.
These are just some of the options that are available to you as a homeowner seeking ways to get cash to make improvements to your home. You can tap into other types of personal loans including credit cards. Really, you need to do what’s best for your finances. It’s good to know that there’s options available to you to improve your home.
Securing a mortgage can take years of planning and saving. Depending on credit score and financial history, it can be difficult for some people to secure a mortgage with a reasonable interest rate and down payment.
As a result, the U.S. government--at both the federal and state level--has created several programs to make the goal of homeownership more achievable for more Americans.
These programs are designed to help a number of people, including first-time homebuyers, low-income families, people living in rural areas, Native Americans, and veterans and servicemembers of the United States military.
In today’s article, we’re going to be talking about “VA loans,” or loans guaranteed by the United States Department f Veterans Affairs.
What is a VA Loan?
When a bank chooses to approve someone for a mortgage, they have weighed the risks of that person’s ability to pay back the loan. The less certain a bank is that they will see a return on their investment with a borrower, the higher the down payment and interest rate they will require.
One incentive that the U.S. Department of Veteran Affairs offers its service members and veterans is the ability to receive a loan that is, in part, guaranteed by U.S. Government. That means that lenders can safely approve you for lower interest rates and down payments knowing that the money they are lending you is insured.
Who is eligible for a loan?
Loans guaranteed by Veterans Affairs aren’t strictly for veterans. Active duty service members, including National Guard and Reserve Members may also be eligible. In addition to service members, people who are or were spouses of veterans or service members might also be eligible for a VA loan.
Specific eligibility requirements can be somewhat complicated, so it’s a good idea to visit the eligibility page or contact your local Veterans Affairs office.
What are the perks of a VA Loan?
If you’ve spent a significant portion of your time serving in the military, there’s a good chance that saving for a home has been placed on the back burner. Shopping around for a loan with an affordable down payment can be daunting or impossible for many.
Fortunately, with a VA loan eligible recipients are able to receive a loan with a low down payment or even no down payment.
In a time when down payments can average 20% of the mortgage, that can mean a lot of money you won’t have to spend up from. For example, a home that costs $275,000 would have a 20% down payment of $55,000.
What are the fees?
This great deal does come with one catch. As with many loan assistance programs, there is a fee charged for the services. On top of the funding fee charged by the VA, there are other costs associated with buying a home.
These may include appraisals, inspections, credit reports, and more. Additionally, lenders may charge a 1% flat fee for those using a VA loan.
A home bar is one thing that most adults should have in their homes. Even if you’re not a drinker yourself, you should have something on hand to offer guests when they come over for an evening of food and conversation. You’ll need the right setup, the right tools, and the right recipes handy to have the perfect home bar. Whether you have a bar already or are looking to build your own, we have all the tips that you’ll need as a rookie bartender.
You’ll need quite a few essentials in your home bar including but not limited to:
- Bar tools
- Recipe books
Find The Right Surface To Transform Into A Bar
You can easily transform any table, sideboard, or cart into a bar. If the vessel that you’re using has a drawer, that’s even better. You can keep all of your bottles, glasses, decanters, and openers in one convenient place. It’s not bad if you can’t fit all of your supplies in one place. Less used items can be stored in the pantry.
You can even use a simple bookshelf to store all of your bar supplies. Transform any bookcase from “boring bookshelf” to home bar in no time. You can arrange the shelving by category, giving each shelf a purpose. You can keep spirits on one shelf, glasses on another shelf, tools on another, and recipe books on another shelf.
Does Your Home Have An Actual Bar Built-In?
Many homes actually have bars built in, but people rarely use them because they feel inexperienced in using the bar tools of the trade. Whether you have a full wet bar or a simpler dry bar, keep all of the essentials there. You’ll need:
- Bar towel
- Trash can
- Bar spoon
- Access to ice
- Simple Syrup
- Old fashioned glass
- Mesh strainer
Location Of The Bar
If you’re setting up a brand new bar, there’s a variety of places that you can put the bar. If you have space in the kitchen, you can add it to a corner right there. Other great places for your bar could be a den or a man cave. Wherever you’ll spend time hanging out with company is a good place to keep your bar. If you have children, you might even consider getting a locking cabinet system for your liquor. You don’t want little hands getting into what they’re not supposed to.
Setting up your own home bar is something to be proud of. It will be quite the conversation piece when guests come over. You’ll be able to discuss your collection of liquors and see if friends have any recommendations as to what you might add to your selection of liquors. A home bar is an entertaining essential.