Ameublement Resources and Information

Archive for the ‘Homes’ Category

What should you consider before purchasing a home? Does it make sense for you? What are the pros and cons? You are about to find out the answers.

First a little about my background; I don’t want you thinking that I’m some crazy man giving advice about something that I know nothing about.

I have been in the Texas mortgage business for over 9 years; I have been on both the mortgage banking and mortgage broker side of the business. I have done financing for many clients including real estate investors; many of which have made many mistakes. Why is this important? You learn the most from transactions that go south; fortunately I got to learn mainly from other people’s mistakes, not to say that I did not make my own.

I am going to make the assumption that many of you are aware of the Pros so I am going to start with the Cons of home ownership and then I will move on to the Pros of home ownership after.

The Cons -

1. Most people believe that when you purchase a home that you own it, this is simply not correct. You do not own the home or the land, you are simply purchasing the rights to the home and more the likely you do not and will not own the mineral, water or air rights to the land. Instead what you have done is purchased the rights to improve and/or use the property along with the right to pay property taxes, homeowners insurance and you have incur liability in case someone gets injured on the property or liability in the event the property is damaged.

You are contemplating a purchase of a foreclosed property and want to make sure that the price is right. Realizing that there will be a certain amount of investment that needs to be made in order to bring the home up to your standards, you decide to schedule a home inspection. But who can you trust to give a complete and unbiased report on your prospective new home? Whether it’s an investment property or a home that is to be occupied by your family, you want to have confidence and peace of mind. If you do a search of qualified inspectors or companies, you will find many who are supposedly certified. But who are they certified by? There are numerous online schools and agencies that will certify just about anyone who is willing to pay the tuition or the certification fee.

These schools are very professional and do provide valuable knowledge to their students but the best qualification comes from the experience gained from being in the construction industry for many years. After all, how can someone that has recently been certified by an online school possibly have better credentials than a seasoned veteran of the construction industry that has 40 years of field experience?

Don’t just hire a certified home inspector by thumbing through the yellow pages or conducting an online search. Do some homework and look for a qualified inspector. By qualified that doesn’t mean that they have to be certified. For example, in the state of California there is no requirement for a home inspector to be certified. Although this certification may add to the credentials of a home inspector which in turn may enhance his business prospects, that doesn’t always mean that he will provide the best service. Although some home inspectors do have bona fide field experience, many have limited experience if any. Instead their credentials simply consist of the certification

How Low Can We Go?

It was recently reported that San Diego County has more renters than homeowners. That’s right, more people choose to rent than choose to own their own home. What can be inferred from this one statistic? Let me take a closer look.

While there has never been a situation in our recent history where 100% of the county owned their own home, I am writing strictly about the percentage that can afford to own a home but chooses not to plus the percentage who could have owned a home but no longer can for various reasons.

The cost of owning a home in San Diego is still too high for the majority of San Diegans and I predict that values will continue to decline in the region. While a strong economy and attractive financing options ultimately drive values there are many economical-reasons that make up the cost of owning a home that are not entirely related to the purchase price. The purchase price gets all the glory but many other factors come into play

1. The tax advantage is does not offset the continued decline in values. Hopefully, the talk within the administration to remove this tax advantage does not materialize driving home prices down further.

2. Cost of paying for your own utilities.

3. Cost of paying for your own repairs.

4. Cost of insurance.

5. Cost of less space for more money.

6. Cost of living in the area you can afford versus the area you desire.

If anyone thinks these variables are not a factor, you’ve never owned a home.

The real estate industry is something very serious because investments that are made in here involve a good amount of money. If you really want to make the best investment for you and your family, then you need to make good use of a couple guidelines that will help you to choose the right property to invest on.

In this article we’re going to tackle different real estate investment tips that you need to stick in your head. The first thing you need to do is to take a good look at the property before you decide to purchase it. Scrutinize it well. This is the most important thing that you should never forget to do. Ask about your site from nearby locals. Examine the site well. Never ever be negligent when you do this. If you’re really serious, you can get a professional to do the inspection for you.

Research is the next thing that you to focus on. This is vital in any form of business as well as before any deal is made. If you try looking at different properties and do a comparison afterwards, you will be able to truly determine which property will work best for you. When you do your research, value is one of the most important things that you need to cover. Research about the costs of properties around yours. Looking at this aspect will help you to determine the true value of your own property if you plan on selling it or its rent cost if you need to rent it. This is considered as the best way for you to measure the market value of your property. The sale price of a certain property is almost the same as those of nearby properties. This is also true for renting costs.

The answer lies in how they are constructed. Many people are choosing manufactured homes over conventionally stick built houses for the simple fact that they are finding that they can get comparable square footage and amenities for a lower price. Looking at how they are constructed gives us a good idea as to why this is generally true.

The construction techniques used to build a manufactured home are much the same as a home built on-site with one major exception; they are built in a factory in controlled conditions.

Homes built in the controlled environment of a factory have many advantages. First the weather has no impact on the scheduled completion time because all building processes take place inside, ensuring that the manufacturer can stick to their building schedule without interruption. The manufacturer also does not have to worry about building supplies being damaged, either from the weather or vandalism, because all the needed supplies are stored out of the elements in fenced in areas that are secured each night.

Another area where factory home builders save money is on building supplies. Each home is ordered in advance and put on the schedule to build. This gives the manufacturer the ability to order the necessary materials in bulk for the homes he has on order. Ordering in bulk allows the home manufacturer to get them at a good discount and pass the savings on to the home buyer.

In the controlled factory environment the manufacturer can also keep material waste at a minimum. Knowing exactly how much material is needed for each module allows for accurate material estimates. Many factories also employ computer controlled cutting machines that provide accurately cut materials for a precise fit.