4 Ways to Update Without Remodeling

Renovation projects can be time-consuming and expensive. Fortunately, they’re not your only option if you’re looking to change up the look or feel of your house.

Even a few small changes can make a big impact — as long as you pick the right ones.

Do you want to update your house without overspending or committing to weeks or months of construction hassle? Then try one of these four simple projects:

Create More Space

Want more space but can’t afford a full-on addition? Try to enlarge your rooms organically. Add more lights and mirrors, paint the walls a brighter color, or rearrange the furniture to make better use of the space.

Try a Backsplash

You don’t need new counters or cabinets to make a big impact in the kitchen. Sometimes just adding a new backsplash — even the stick-on tile kind — can be a great way to transform a room. It even works in the bathroom, too.

Add an Accent Wall

Full paint jobs can be expensive, especially if you call in a pro. Can’t afford it? Consider an accent wall instead. You could even use a fun, patterned wallpaper for an extra pop.

Reimagine Your Pantry

Adding more storage space in the kitchen is always a valuable improvement. And you don’t necessarily need to knock out a wall or add more cabinets. Instead, add more shelves, install pot organizers, or add pull-out trays to make grabbing back-of-the-cabinet items easier.

Is your house no longer meeting your needs? It may be time for a new property. Get in touch today to start your next home search.

4 Key Questions About Down Payments

Down payments can be a challenge to navigate, even for experienced homebuyers. 

How much do you need to put down? Do current market conditions change anything for you? Even the most basic questions aren’t always easy to answer.

Whether you’re thinking of buying soon or planning ahead for a purchase in 2022, now is a good time to clear up any uncertainties and come up with the right strategy for your household. 

Take a look at these frequently asked questions, and reach out if you need a helping hand.

How much should your down payment be?

The minimum down payment depends on what type of mortgage loan you’re getting. Some loans (conventional and FHA mortgages) require 3 to 3.5%, while others (VA and USDA loans) require zero. Your credit score will also play a role in some cases. 

Is a large down payment always better? 

It depends on your budget and goals. A big down payment will mean a smaller monthly payment and fewer interest costs in the long run. If it eats into your emergency savings or puts you in dire financial straits, though, it’s probably not the best move.

What should you consider when setting your goal amount? 

You’ll want to look at the price range you’re shopping in, your budget and the types of loans you’re eligible for. Talking to an experienced loan officer can help you get an accurate idea of what to expect.

Do you have to come up with all of it on your own? 

Many loan programs allow “gift” funds, which means money given to you by your parents or another family member. You’ll just need a letter stating that the funds are a gift, not a loan, before you can use them.

Need help finding your next home? Get in touch today.