Jackie Da Rosa - CENTURY 21 NORTH EAST



Posted by Jackie Da Rosa on 7/5/2020

Photo by Wulfman65 via Shutterstock

When youíre thinking about purchasing a home, an old house versus that new one is something to ponder. If youíve thought about buying an older home, consider each of these areas before making an offer. Have your agent write contingencies into your contract, and by all means, donít forego an inspection.

Consider HazMat

Say what? A lot of folks donít realize that over the years, materials routinely used in homebuilding fall out of favor and become potential issues when you decide to renovate or remodel your older home. Some examples of hazardous materials are:

  • Lead pipes. Once used for standard plumbing, even sealed lead pipes can eventually allow toxic lead to leach into your water. Replacing all the plumbing in your home is an extensive and expensive process entailing removing floors and walls, tearing out concrete, and digging up landscaping. Before making an offer, have the water tested for lead.
  • Lead pipes arenít the only problem. Older homes often have lead paint as well. Although it may be painted over with a non-hazardous paint, if paints chip and reveal the older materials, you might be exposed to higher concentrations of lead than you realize.
  • Asbestos. Homes built before the 1980s often had asbestos in the ceiling texture and insulation. Removing asbestos is an expensive side cost to any renovation. In addition to interior asbestos, many homes have asbestos siding and roofing materials that require HazMat removal as well. If the existing materials remain in place, thereís no law against them, but if you disturb them to install an addition or reface your home, they require proper mitigation.

Structural Challenges

A common issue with older homes is damage to the foundation from years of shifting ground, water seepage and expansion, and improper additions. When more weight sits on a home, from a new roof installed over the top of the old one, for example, the extra weight puts stress on bearing walls and the foundation. Footers exposed to erosion from running water might not continue to carry that weight. You wonít notice it at first, but eventually, youíll find yourself repairing cracks in the plaster more frequently. An experienced home inspector will detect potential problems, so pay attention to the inspectorís report about potential, future issues with a home.

Lastly, older homes have long-term exposure to pests. Termites, carpenter ants, and other wood-damaging pests can hide their damage from you, but an inspector knows where to look. Along with disclosure of asbestos and lead issues, insist on pest control mitigation in your contract for an older home. Let your agent know how old a home youíre willing to purchase to avoid these issues.




Tags: Homebuyer   Renovation   old house  
Categories: Uncategorized  


Posted by Jackie Da Rosa on 6/28/2020

If you donít have a lot of cash on hand to secure a home with a sizable downpayment, you might feel stuck. Itís quite a feat to be able to save up the 20 percent cost of a home that is generally required to purchase a home. Your options may seem limited when you want to own a home. There is one option that could be a good idea to consider when youíre in this situation. Thatís the idea of finding a rent-to-own property. 


How Does A Rent-To-Own Property Work?


First, know that these properties are hard to find. Thatís why you may not have thought of it as a first option. When you do find a property like this that suits your needs, you should know all of the ins and outs before you commit to the home. The agreement works just as it sounds, but there are always a few bits of extra text that can make the difference in any agreement in a rent-to-own property. 



Lease With A Purchase Option


With this type of agreement, youíll need to pay what is called an option fee in order to give you the right to purchase the property at a later date. The seller is then required to sell the property to you as a tenant and apply the option fee to the price of purchase. If for some reason you have paid the option fee and decide to walk away from the property after a time, the money that you have paid as an option is simply lost. The option fee is usually a percentage of the purchase price ranging anywhere from 2-7 percent of the homeís price.  


Lease And Purchase Agreement Rolled Into One


In this type of rent-to-own agreement, both the tenant and the seller agree on fixed purchase price for the home, or agree that a purchase price will be determined at a later date through an appraisal. Everything is set up from the beginning including the closing date for the home.


This type of deal in a rent-to-own situation is often considered the better choice. Know that a fixed price option may put you in a better financial position than an appraisal option. Youíll have instant equity in the property when you buy it. This is especially helpful in high competition markets. In any other types of market, you may be better off with an appraisal. This ensures that you donít overpay for the house.


How Your Rent Payments Apply


Rent-to-own gives you an advantage in that you get the added benefit of rent credits. This is where a percentage of your monthly rent payment is applied to the purchase price of the home. The amount of percentage thatís applied will be agreed upon with your landlord ahead of time.


While a rent-to-own option to purchase a property can be a bit more complicated than other ways of purchasing a home, it can be a great way for people different financial situations to become home owners. Make sure you go over everything carefully before you sign anything so that you fully understand the agreement youíre entering into.       

     







Categories: Uncategorized  


Posted by Jackie Da Rosa on 6/21/2020

Photo by Thomas Le on Unsplash

If you choose to live in a city, youíll find a number of benefits to your location. 

Community: Most cities are densely populated and home to people from many different backgrounds. When you live in a location like this, youíre likely to find a community of folks who share similar interests and find more organized opportunities to interact with them. People tend to live closer together within an urban setting so itís easier to get together without introducing commute time.

Job Opportunities: Businesses are often based within cities because they thrive where human activity is present. As a result, an abundance of employment opportunities are available in urban locations. Youíll find service jobs like baristas and restaurant servers as well as opportunities for doctors, lawyers and independent business owners. 

Shopping and Restaurants: Because of the high concentration of people within cities, youíll find more access to shopping and restaurants. These opportunities will often be more diverse and specialized than those found in more rural locations because they have increased foot traffic to support them.

Public Transportation: Bus and subway systems within cities create simple ways to get around without having to own a car. Not only can you avoid the cost of maintaining a vehicle, you also save on gas, parking costs and commute time.

Culture Opportunities:

You will find museums, galleries and music venues within a city setting that provide opportunities to experience cultural events first-hand. Well known musicians and high profile art exhibits often schedule shows in urban settings so youíll be closer to the action if you want to participate.




Tags: city   benefits   home buyer   relocation  
Categories: Uncategorized  


Posted by Jackie Da Rosa on 6/17/2020


189 Boutelle St, Fitchburg, MA 01420

Single-Family

$219,900
Price

6
Rooms
3
Beds
1
Baths
Lovely maintain Colonial, this home shows proud of ownership, hardwood floors in mostly all the rooms this home has 3 bedrooms, kitchen, living room and formal dining room to offer, it is very accessible to all shopping and mayor routes and streets Paved driveway and one car garage, and solar panels without a lease, you will own them outright with all its benefits. No showings per Seller until Open House Saturday 6/20/20 from 11am to 1pm and Sunday 6/21 from 12 noon till 2pm, Showings restricted to 2 people at the time, everyone must wear mask and gloves and restrain from touching surfaces.
Open House
Saturday
June 20 at 11:00 AM to 1:00 PM
Control Open House with one party at the time taking all the precautions and protocols due to Covid-19. All parties must wear gloves and mask and restrain to a minimum from touching surfaces.
More Open Houses
Cannot make the Open Houses?
Location: 189 Boutelle St, Fitchburg, MA 01420    Get Directions

Similar Properties





Categories: New Homes  


Posted by Jackie Da Rosa on 6/17/2020


189 Boutelle St, Fitchburg, MA 01420

Single-Family

$219,900
Price

6
Rooms
3
Beds
1
Baths
Lovely maintain Colonial, this home shows proud of ownership, hardwood floors in mostly all the rooms this home has 3 bedrooms, kitchen, living room and formal dining room to offer, it is very accessible to all shopping and mayor routes and streets Paved driveway and one car garage, and solar panels without a lease, you will own them outright with all its benefits. No showings per Seller until Open House Saturday 6/20/20 from 11am to 1pm and Sunday 6/21 from 12 noon till 2pm, Showings restricted to 2 people at the time, everyone must wear mask and gloves and restrain from touching surfaces.
Open House
Saturday
June 20 at 11:00 AM to 1:00 PM
Control Open House with one party at the time taking all the precautions and protocols due to Covid-19. All parties must wear gloves and mask and restrain to a minimum from touching surfaces.
More Open Houses
Cannot make the Open Houses?
Location: 189 Boutelle St, Fitchburg, MA 01420    Get Directions

Similar Properties





Categories: Open House