The National Association of Realtors, published a study of those 22-35 years old and their challenges to home buying. CLICKThe group is pointed out because generally during this period more people typically buy their first home, perhaps marry and start families, and due to some things beyond your control, you haven't been able to ... yet. One major budget item is the burden of education debt measured against early salary levels, but both will improve.
According to Dr. Lawrence Yun (chief economist for the NAR), when I heard him speak on September 18th, student debt has TRIPLED in the past 10 years!For most people their home gives roots, an ability to begin building wealth by putting income to work, and at the same time not the only home you will ever own. But a start. If I can be of help to you as you dream and plan, just reach out to me 703-220-0406 or David@BuyOrSellTime.com
Are you aware that in Fairfax County you are NOT legally allowed to rent out rooms in your home on a short-term basis? True. Click This may not be something you have thought about, but if you are thinking about renting 1-5 rooms in your home for less than 30 days at a time, you need to apply for a "Bed and Breakfast" license and the Board of Supervisors makes that determination.Many, if not most, HOAs and Condo Associations have restrictions as well. Fairfax County is holding public hearings if you are interested in the subject, pro or con.
Single family homes and townhomes have appreciated in value to a point many are surprised. While there is no across the board percentage rate, the shortage of homes available affects pricing.
However, if you have upgrades, renovations, etc. reach out to me and I'll prepare an even more detailed market analysis for you without obligation.
Armstrong Flooring Ad
Scott Levitt, owner of Oakley Signs and Graphics wrote an article linked here in his issue #418 of Tuesday Tactics in July, 2017.
He encourages using lighter colors to make the rooms seem large.
He encourages using wider planks to look larger and that parquet floors make rooms seem smaller.
He recommends using the same flooring across rooms and that you might consider laying the flooring on a diagonal. Scott doesn't mention this, but by my observations, if you have a long narrow room you should run the planks the long way and not across.
Scott's article is only a 2 minute read and might give you reason to consider his points.
If you are going to be 62 or older by August 27th, you like our National Parks, and you would like to save $70 on your lifetime SENIOR pass, then you need to get in your convertible and go!
Click on the picture above and you'll be taken to the list of National Parks that sell the LIFETIME SENIOR PASS for the next month at only $10. As of August 28th, pay $80. That's an 87% savings.
As a Realtor I don't want to show any age bias against younger people so I am making this information available to everyone, including those under 62 years of age.
PS, you can go to the US National Park Service website and mail them $20 plus a copy of your driver's license and they will mail it to you. Just make sure your envelope is postmarked by August 27th.