Homebuying Tips

The thought of purchasing a home for first time buyers can be absolutely terrifying. Inexperienced buyers are known to make mistakes and go with the first house they see or even forget about being a homeowner all together and continue to rent. There are numerous steps and things to consider before you buy your home.

davidmantek_homeforsaleFor starters, identify what home would best suit your needs. You have several options when purchasing a residential property: a traditional single-family home, a townhouse, a condo, or a multi-family building with two to four units. Each option has its pros and cons, depending on your homeownership goals, so you need to decide which type of property will help you reach those goals.

Next, figure out what characteristics your ideal home would have. This is the biggest purchase you have made so far in your life. While being flexible is a good thing, it is important to find a home you deserve that you can afford and serves your needs as good as possible

Once you have figured that out, determining how much of a mortgage you qualify for is a must. Before you start shopping, it’s important to get an idea of how much a lender will actually be willing to give you to purchase your first home. You may think you can afford a $300,000 home, but lenders may think you’re only good for $200,000 depending on factors like how much other debt you have, your monthly income and how long you’ve been at your current job.

Now how much home can you actually afford? sometimes a bank will give you a loan for more house than you really want to pay for. Just like with the purchase of a new car, you’ll want to look at the house’s total cost, not just the monthly payment. Of course, looking at the monthly payment is also important, along with how much down payment you can afford, how high the property taxes are in your chosen neighborhood, how much insurance will cost, how much you anticipate spending to maintain or improve the house, and how much your closing costs will be.

For more information read on at http://www.investopedia.com/articles/mortgages-real-estate/08/first-time-homebuyer-guide.asp

Charleston Still Friendliest

In a USA Today article by Nancy Trejos, you’ll find that Charleston, South Carolina is still the most friendly city in the United States.  Based on a survey from the Conde Nast Traveler which polled more than 80,000 adults, the south still is one of the friendliest places in the country to be.  The 80,000 adults surveys from the 2013 Conde Nast Traveler Reader’s Choice Survey put up over 1.3 million votes to list their top ten most friendly cities in the United States.  Charleston, who won the previous year, got the nod for their fantastic culture, said voters.  A city that has people living in a naturally beautiful environment, locals continue to show travelers a good time in hospitality and entertainment.  Charleston’s food scene was also noted as a big factor for travelers.  

Also on the list of friendly cities was Savannah, Georgia.  Those who took the survey labeled Savannah as a city that help them step back in time and their friendly tour guides were also mentioned.  The combined experience earned Savannah second on the list of friendliest cities.

The full list of the top 10 for friendliest cities on the Conde Nast Traveler Reader’s Choice Survey were:

  • davidmantek_charlestonfriendlyCharleston, SC
  • Savannah, GA
  • San Antonio, TX
  • Telluride, CO
  • New Orleans, LA
  • Fort Worth, TX
  • Jackson Hole, WY
  • Key West, FL
  • Nashville, TN
  • Asheville, NC

These same survey takers also input the most unfriendly cities in the United States and unfortunately for Newark, New Jersey, they took the title for the second straight year.  The city’s mayor, Cory Booker was praised for trying his best to improve upon the city, however many saw the city as an airport city that is overcrowded.  Oakland, California was mentioned as the second most unfriendly city.  Below is the full list of the nine most unfriendly cities according to the survey:

  • Newark, NJ
  • Oakland, CA
  • Hartford, CN
  • Atlantic City, NJ
  • New Haven, CN
  • Detroit, MI
  • The Hamptons, NY
  • Wilmington, DE
  • Miami, FL

Welcome

Welcome to David Mantek’s blog!

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