Post Tagged with: "House"

Three Ways to Save Money When Buying a House

October 5, 2018 at 6:27 pm Comments are Disabled

Woman holding piggy bank and house modelBuying a house is a significant accomplishment, but it can also be terrifying, especially if it is your first time making such a huge investment. Since a home purchase can take away a massive chunk of your hard-earned money, it is essential to save whenever you can.

You don’t have to buy a dilapidated house to reduce costs only to find out that going cheap is expensive. How do you go about purchasing a new home in Cedar Creek while saving money at the same time? These tips can help you make an informed purchase:

1. Fixer-upper

While this might sound contradictory based on the disclaimer above, there is a big difference between a fixer-upper and a dilapidated house. The former has the framework for restoration while the latter is a money sinkhole project. Before you buy a fixer-upper, ask a qualified contractor to give you an honest opinion of the building’s restoration potential.

2. Off-Season Purchase

One of the best ways to make huge savings when buying a house is to do it in winter. There will be fewer people shopping for a home in winter, which means less competition and little chance of being outbid. Season decline motivates sellers to cut their prices, which makes it easier to get houses at a discounted cost. Additionally, your realtor will be more committed to your purchase since there are fewer clients at this time of the year.

3. Financing

Make sure that your credit score is in order by clearing all your debts before you set your sights on purchasing a home. Paying off debts will enable you to get a mortgage at a cheaper interest rate. Shop around for the best mortgage and ensure that you are getting the best offer. If you are contemplating moving to the suburbs or the country, apply for a USDA loan because it tends to be cheaper than regular mortgages.

Make a slightly higher down payment if you can since this means that you will borrow less money. If you are unfamiliar with a given region, opt for an experienced local realtor who knows the area well and is in a better position to find you some good deals.

A Look into Real Estate as an Investment

September 19, 2018 at 9:33 am Comments are Disabled

a couple in a meeting with a real estate agentHousing is one of the three basic needs of all human beings; therefore, putting one’s finances into real estate at the right time and the right place is beneficial.

Plus, one of its most unique characteristics is its long-term capital growth, notes First National Mills & Gibbon. The property continues to grow in value due to the finite nature of land hence considered a path to wealth creation.

Type of Investment

A majority of property investments are to initiate cash flow. As an investor, consider the available rental properties in Hawera when looking for viable properties to invest in. It provides some guarantee of higher returns in comparison to other areas.

Alternatively, you can buy property for capital gains. The intention is to wait for the value of the property to rise and sell it at a later date for a profit.


Property investment is capital-intensive, and not everyone is capable of buying one house (or more) in one transaction. Hence it is imperative that one considers their financial options.

You should approach your bank and seek advice on what form of mortgage plan you can take out without necessarily putting yourself at risk of financial ruin.


Before entry into the sector, you should have a plan in hand that sets out what you intend to achieve. Without one, it would be very easy to get overwhelmed by minimal milestones.


Once one achieves a sense of financial growth, it becomes necessary for them to consider spreading their wealth within the sector and, therefore, limit their exposure to market factors. This ensures continuity of investment.

For decades, the real estate sector has been an effective channel for wealth creation and the generation of cash flows. To achieve that, it requires a lot of commitment to studying and understanding different markets and possible trends.