Should You Buy a Bigger House? Take These Into Consideration First!

Should you buy a bigger house?

Many people look to the time when they can get a bigger home. 

Sometimes you just need more space.  Some just want the bigger place.  I see homes being torn down and re-built into much larger houses.

Thing is, when you buy a bigger house you aren’t just paying a bigger mortgage.  With a bigger house comes some other expenses and costs that increase.

The question is, should you buy a bigger house?

If you have weathered the current recession and have the funds, those beautiful, large houses that were built just fifteen to twenty years ago may be tempting.  Even if the price on a larger house is one you can afford, think carefully before upsizing.

With an upsize comes many other upsized costs.  Keep reading and see why buying a bigger house may be more than you expected.

Here’s What You Can Expect to Go Up If You Buy a Bigger House:

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This is Why Your House Isn’t Selling – Here’s How to Finally Get Your House Sold

This is why your house isn't selling.

You’ve had your house on the market for a while now and you’re asking yourself “why isn’t my house selling?”

People sniff around but no one is biting.  What’s going on?!?

Yes, the market may have a lot to do with it but houses do sell so there’s probably more than the market at play here.

Keep reading and you just might see why your house isn’t selling so you can finally get your house sold.

11 Reasons Why Your House Isn’t Selling and How to Finally Get Your House Sold

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Do You Really Need the Best of the Best for Your Home?

Channels like HGTV have spawned our interest in housing and all things interior and exterior design. 

A house isn’t nice enough if it doesn’t have granite countertops and a gourmet kitchen.  No longer is the master bedroom simply bigger than the other bedrooms in the home.  Instead, we want an en suite complete with a large bathroom (his and her sinks are a must), walk in closets with built in shelves and a sitting area.  The bathroom must have a Jacuzzi hot tub.

Really?

When did this become the norm?

Of course it’s nice to live in lavish surroundings, but if you have trouble making ends meet or have debt to pay off, do you really need all of this?

Houses 60 Years Ago Were Very Different

The simple truth is that 50 or 60 years ago, houses were much simpler.
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First Comes a House, Then Marriage?

Did you live with your spouse before getting married?

If so, you’re not alone.

More and more Americans are choosing to live together before getting married.  According to a CDC study, 48% of women interviewed between 2006 and 2010, ages 15 to 44, had cohabitated with their significant other.  This trend has been on the rise, so it’s not surprising.

When you consider the level of student loan and credit card debt some adults have when leaving college, living together may also be prompted out of financial necessity to pool resources and be able to afford living expenses while paying down debt.

A New Trend — Buying a Home Before Marriage

Did you buy a house with your spouse before you were married?

The opportunistic housing market with low housing prices and unbeatable interest rates combined with the trend for many couples to cohabitate has sparked a new trend — buying a house together before getting married.
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Multi-Generational Living – Is a Next Generation Home for You?

The economy has hit many hard. 

Retirees have seen their investments drop leaving them with less money to pay their living expenses and ever rising medical and prescription costs.

College students struggle to pay their college and living expenses while not going too deeply in student loan debt.

Meanwhile, the so called sandwich generation, those who have elderly parents who need support as well as children that also need support, struggle to make ends meet and take care of both generations while also saving for their own retirement.

Multi-Generational Living:  Coming Back in Style

The idea of generations living together is not new.  One hundred to one hundred and fifty years ago, 3 generations living together was quite common.

Yet, as our society changed and people became more independent, multi-generational living fell out of vogue.  It is no longer necessary, so most people don’t do it.

However, the current economy has changed the most recent housing dynamic. 
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8 Places to Research Your Potential House Before You Buy a Home

Buying a home is a big deal.  

You don’t want to go into it unprepared.

Before you buy a house, you want to make sure that you are getting the right house for you — and that it’s in the right neighborhood. The steps to buying a house start with thorough research on the topic.

As you research buying a house, here are 8 web sites that can help you narrow the field and find what works best for you:

1. Trulia

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What are Real Estate Closing Costs Made Up Of

Any time you buy or refinance a house there’s a litany of expenses that go with it.

There are many “hands” in the soup that is a real estate transaction, and each one of them demands some money to do what they do.

If you’ve ever wondered what those charges mean, here’s some inspiration…

What Real Estate Closing Costs are Made Up Of

Lender charges

Here’s a not so well-kept secret: mortgage “lenders” aren’t direct lenders, but middlemen who arrange mortgages then sell them to Fannie Mae, Freddie Mac, or Ginnie Mae.  In the process, there’s a fee for nearly everything they do.

Here are the more typical ones: Continue Reading