MEET THE NEWEST MEMBER OF THE REED TEAM – NICK AHRENS

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Meet Nick Ahrens, the newest member of The Reed Team! Nick is a coastal community expert and will offer our clients a wealth of knowledge in the South Orange County coastal region, we are excited to have him on board! #TheReedTeam #ReedTeamRocks #SouthOrangeCounty #Homes
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Common Remodel Mistakes to Avoid

So you’ve finally decided that your home is due for some major upgrades, but have heard some remodel horror stories. The process of home renovations may sound like a lot of fun, but it can be pretty scary and costly. To avoid a renovation nightmare, take a look at these steps that are sure to save you a headache, and some money.

Not Budgeting Correctly

Remodels are something you definitely do not want to be cheap about. Be sure to estimate a budget for everything before you even think about knocking down walls. And even then, you should add an additional 15-25% more to cover an overages or unexpected expenses. You do not want to be in the middle of renovation, only to realize you need to stop halfway through because you went over budget!

Picking the Wrong Contractor or Not Picking One at All

Sometimes you do not always need a professional because you can do it yourself. Remodels and renovations are NOT one of these times. Contractors have the expertise needed to get the job done, especially for more complicated projects. That being said, don’t just pick the first or cheapest contractor you see. Take your time, interview a few contractors, check references, do your research, and make sure who you chose is going to be someone you want to work with for awhile. When it comes to your home, quality is one of the most important things.

Focusing Too Much on Aesthetic

When it comes to remodels, homeowners often think about the future resale value. And while it’s true that upgrading kitchen cabinets and installing new tubs in every bathroom is definitely going to increase the value of your home, you still need to pay attention to other important things like structural damage, electrical wires, and pipes. Also be sure to not make anything too trendy. The bolder a style is, the more likely it will go out of style quickly, and will actually bring down your home’s value. Plus, it can potentially clash with the neighborhood–sharp contrasts with the characteristics of other homes in the neighborhood can harm the resale value too.

Rushing a Project

They say Rome wasn’t built in a day, and that goes for your home remodel too! No matter how excited you are to get started on a project, or to finish it, you need to make a good plan before anything can happen. And once you find your contractor, be prepared to make some revisions to that plan a few times. This is will also help cover any unforeseen circumstances that may come up. You want to make sure your remodel is done well, and rushing it will not help it.

Paying Too Much or Too Little for Materials

Everyone wants to save a few dollars when it comes to renovations, because they can get pretty expensive. But that doesn’t mean you should cut corners either. Investing in quality materials will only save you from a headache down the line. And the same can be said for materials that are too expensive! Think about it, do you really need the granite countertops, or are really you sure you want those hardwood floors? You can use the money you save and splurge on some nice appliances that are sure to add value to your home!
As long as you have a good plan, a good budget, and a good contractor, your home remodel should be a walk in the park! And if you want more help on how you can increase the value of your home or if you’re looking to sell, be sure to contact people you can trust at The Reed Team!

Ways to Increase Curb Appeal this Spring

With the weather getting warmer and the days getting longer, it’s the perfect time to freshen up the house and get some spring cleaning done! But spring cleaning doesn’t just pertain to inside the house. The outside needs some love and care too. Tackle these tasks this spring to liven up your front yard and increase your curb appeal!

 

Front door

Your front door might be the first thing someone sees when they look at your house, and it’s definitely the last thing someone sees before they enter your house. As such an important part of your home, shouldn’t the front door look as nice as possible? You can start by giving your door a fresh coat of paint. It’ll take some work, but that layer will give your house the newness it needs.

 

If you don’t feel the need to repaint your door but still want to add a nice touch to it, consider adding a wreath. Wreaths aren’t exclusive to winter time, and there are so many creative ways to make a floral spring wreath! You can also visit any craft store to purchase cute, premade wreaths that will add the perfect amount of cuteness and color.

 

Fence

If you have a fence, that’s already a great addition for your curb appeal. But not if it looks old and shabby! Make sure your fence looks nice and new by giving it a fresh coat of paint. Something else you can do to make it look more inviting is to add some flowers. Deck out the inside and outside of your fence with flowers to make it more colorful and inviting. While the fence itself separates your house from the outside world, the flowers add a welcoming message for anyone who comes to visit.

 

Lawn

Flowers will add some color to your yard, but the biggest splash of color is your lawn! Maintain your grass and keep it green by making sure it’s cut and watered. There’s nothing less appealing than driving by your house and seeing sad patches of dead grass. Or maybe grass that looks like it’ll go up to your knees. You can mow your lawn or call for a landscaping service.

 

Increase your curb appeal further by taking care of any plants that may be on your lawn. Pull those pesky weeds out and add mulch to your soil. Mulch helps retain moisture in the soil, prevents weeds from growing, and keeps the soil cool from the oncoming summer heat. Plus it makes your garden look more attractive by providing an even color to your soil.

 

Windows

People say eyes are the window to the soul. Well, your windows are the eyes to your house! And you wouldn’t want people to look in and see a mess, would you? If the inside of your house isn’t in tip-top shape yet, increase your curb appeal by adding drapes, blinds, or curtains to your windows. This will make your windows look more neat and uniform. Don’t forget to wipe down your windows and clean out those cobwebs as well. Get the inside and outside for maximum shine!

 

House numbers

Nothing’s worse than driving down a street going 2 miles per hour because you can’t find the house number you’re looking for. Don’t let this happen to friends and visitors looking for your house! This spring, take some time to check your house numbers. It’s something we don’t think about often because it’s just there, but over the years, the numbers can fade and become impossible to find. You can either repaint the numbers or purchase wooden or metal numbers to nail to the front of your house. Remember to check the numbers on your curb as well! You can repaint them or call for a service to paint your numbers along with a fun, colorful design which will surely increase your (literal) curb appeal.
There are so many quick and easy ways to improve your house and increase your curb appeal! Take some of these tips and reminders and get started on making your house as nice as it can be. And if you want more help on how you can increase the value of your home or if you’re looking to sell, be sure to contact people you can trust at The Reed Team!

What to Ask When Selling Your House

The idea of selling your home may be exciting, but you’re bound to have quite a few questions. From determining if now is the best time to sell, to deciding if your curb appeal is up to par; asking the right questions and finding an agent who can answer themat the beginning is key andwill only help you as you prepare to navigate the process. Here are a few of the most frequent questions sellers ask.

Is this the right time of year to sell my home?

While interest rates generally dictate the good and bad times to sell a home, so does the time of year. Historically speaking, the real estate market picks up around February and typically tapers off around July or August, but there are buyers during all seasons. If you have the luxury of waiting for the right moment to sell, it makes the most sense to do so when the market is “hot”. In addition to the condition of your local real estate market, you should also take your personal situation into consideration.

Here are some factors that indicate it’s a good time to sell:

  • You have paid off your mortgage
  • You’ve got equity in your current home
  • Your current home no longer fits your lifestyle
  • You are in good financial shape.

Do I really need to hire an agent?

Unless you’re a real estate professional who understands all the marketing and legal aspects of a home sale, you’ll want to hire an agent who does. You may be shocked at the commission you’re paying to get the job done, but an experienced realtor will take the stress and worry of selling your home off of your hands. You can also be sure that the agent will try to get you the best possible price.

What can I do to get the best price for my house?

Before any potential buyer walks through your door, you have to get your home ready for viewing. And to get the best price for your home, you will often need to make some upgrades. Curb appeal is also a major selling point for most buyers, be sure to check out this blog about increasing your home value! Attention to detail outside and inside is important to show off your home’s best assets and visually persuade the buyer that your home should be their new home.

How much is my house worth?

The best way to determine how much your house is worth is by looking at the sale prices of recently sold homes in your neighborhood that are similar to yours. By comparing your home’s characteristics (number of bedrooms and bathrooms, square footage, any unique features etc.) to similar sold homes, you can make some inferences about how much your home is worth. An agent can usually provide you an idea of the value of your home based on the market and home prices in your neighborhood.

How much does it really cost to sell my home?

Selling your home can be an expensive business. At the beginning of the process, its recommended sellers ask their agents to carefully review the Seller Net Sheet with them. The Seller Net Sheet provides detailed estimates of all the costs that go into selling the home, including transfer taxes, escrow costs, loan payoff, termite control, agent and other company fees; its the more accurate depiction of the sale. With so many outside factors involved, it’s not simply a case of naming a price, but you can expect the total cost to add up to an average of 10% of the sale price.

How long will it take to sell my home?

According to the National Association of Realtors (NAR), the median number of days a home in the U.S. sat on the market hit a new low of 29 days in April 2017. That’s the national average, and the number of days a home is on the market before it sells varies widely by location. The time it will take to complete a home sale is dependent on your location, and also on the price and the condition of your home.

What does a typical escrow look like?

Sellers should also ask what a typical escrow looks like at this moment. Based on current market conditions, as well as seller and buyer conditions–terms of escrow can vary. Looking at recently closed transactions, agents can give clients an indication of the pricing and escrow elements to expect, but yesterday doesn’t exactly reflect today.

Put your trust in the knowledge of a real estate agent, and when you are ready to sell your home, be sure to reach out to The Reed Team!

Spring Cleaning Tips for Your Home

Spring is here, which means the arrival of all things fresh and new! Whether you’ve been living in your home for two years or ten, your house still deserves some sprucing up. Here are some spring cleaning tips to get you and your home back in top notch condition!

 

Clean out your closet

Parting with your wardrobe can be hard. Especially when you’re always convincing yourself that you swear you’ll wear that vintage sweater next season (but you never do). Do yourself and your closet a favor and clean out all the clothes you know you won’t wear anymore. After all, fashion is always changing and new pieces are always coming out. And your old clothes don’t have to go to waste! You can sell them to thrift shops or donate them to organizations accepting lightly worn clothing. It’s a win-win! This way, you can clear up space in your closet for the new clothes you’re inevitably going to get, and maybe even score some space for storage.

 

Scrub down kitchen appliances

Some things that often get neglected are the kitchen appliances. You probably use these things so often that it just doesn’t seem like a big deal to clean it when you’re going to use it again later. But if you think about what your stove, toaster oven, and sink go through, you’ll realize that they should be cleaned most often! Scrub your sink down with a sponge to get rid of the grime, then go over it one more time with a bleach and water solution to keep it nice and shiny. To clean the toaster oven, unplug it and dump out all the crumbs. Then, grab some steel wool, soap, and water, and scrub through that baked in grease that’s likely on the glass door. Same with the stove top — use the steel wool or a sponge and go in there with soap and water to get those oil splatters out. Once you’re done, it’ll feel like a brand new kitchen!

 

Clean out the refrigerator

We all love our refrigerator. It holds the things near and dear to our hearts…I mean stomachs. But you wouldn’t want to open your refrigerator to discover that old jar of mayo that expired two years ago, would you? Yuck. Maybe you were in hibernation mode for winter and hoarded food left and right, but winter is over and the time for those things to go is NOW. This spring cleaning season, take some time to go through your refrigerator and clear out items that are expired or that you know you’re not going to use. After you’re done organizing, wipe down your shelves to make sure you get rid of any lingering odors or stickiness. Finally, if you don’t already have one, make space for some baking soda to keep the air in your fridge nice and fresh!

 

Clean out the garage

Spring cleaning involves a lot of throwing things away and reorganizing the space after. One of the biggest spaces that often needs cleaning is the garage. If there’s no space for something inside your house, it’s so easy to just toss it in the garage to be out of sight, out of mind. But after months and maybe years of keeping all the decorations from Halloween, the holidays, Valentine’s Day, springtime, and everything else in between, it can add up. Keep what’s really necessary and throw out the things that have a little more wear and tear. If you can’t bear to part with any of your stuff, make sure you have efficient shelving to store it all!

 

Spruce up the yard

While other parts of your home are kept more private, your front and back yard serve as an immediate first impression of your house. For the sake of spring cleaning and in the spirit of spring, give your yards some TLC! Cut your grass and make sure you trim your rose bushes so they can grow back nice and full. If your yard is lacking florals, definitely find some in-season flowers to make your garden pop with color. And make sure you get rid of those pesky weeds if you have any growing. If you have a pool, be sure to get that cleaned and serviced in time for the hot weather that’s coming! A cut and cleaned yard is going to add that perfect touch of spring newness your house needs!

Take these spring cleaning tips and ideas and give your house the touch up it deserves! If you’re looking for more help or advice on improving your home, give us a call at The Reed Team. We can help you with all your real estate needs!

Date Night Guide In and Around Dana Point

Date night. It doesn’t matter how old you are, there is something exciting about getting ready to go out for a date. And Dana Point and its surrounding cities have a lot to offer when it comes to romantic escapes. So whether it be a first date, a 20th date, or your just trying to get some time away from the kids, here are a few fun date night ideas.

Cooking Class

A cooking class is a great way to bond and experience something new. It doesn’t matter if you are an expert cook or are just trying to learn some new techniques, taking a cooking class together can be an fun and intimate experience. Tspoons in San Juan Capistrano has a variety of adult and couples classes where you can learn anything from making sushi to homemade pasta. They also offer private events and kids classes, so if you do not want to leave your little ones at home, this is a great way to get them involved! Schedule your class here.

Dance Lessons

There is something to be said about a couple who can dance. And what better way for a couple to get close than to learn to dance together. Bumpin Ballroomis a ballroom dance studio located in San Juan Capistrano that prides themselves on being a fun and safe environment to learn. Group classes are available for beginner and intermediate dancers, so don’t worry about how good you are, but how good you’re going to get. If you’re looking for something a little more one on one, then private lessons are available too!

Farmers Market

Who says date night has to only be at night. Day dates can be just as or even more fun than your typical dinner and a movie date night. A farmers market is a great way to have a fun and stress free date. Located at La Plaza Parkat the intersection of Pacific Coast Highway & Golden Lantern, The Dana Point Certified Farmers Market runs every Saturday from 9 AM to 1 PM. Not only will you be able to check out the local organic produce, you can also help support local businesses from various Dana Point vendors. This is also something you can enjoy as a family that the kids are sure to love as well!

Sunset Dinner

Dinner is always going to be the classic go to move when it comes to dates. You really can’t go wrong. So for a fun twist, be sure to check out 180Bluat The Ritz-Carlton, Laguna Niguel. The outdoor patio bar and lounge offers gorgeous oceanfront views and tasty small plates and desserts. And Friday and Saturday nights they offer live music! Enjoy the romantic atmosphere set against a beautiful sunset you and your date are sure to love.

Stay In

If all else fails, stay in, order some take out, cuddle up on the couch, and put on a movie. It’s a classic go to move that will never go out of style. “Netflix and Chill” as the kids say. Sometimes all you need is some quiet quality time together to make a date night feel special. It doesn’t have to be fancy. Plus this way no one has to dress up, and you can just lounge around and be comfortable!

Dana Point and the surrounding cities have a lot to offer when it comes to a fun date night. And if you want to do something a little more special, there is sure to be something to enjoy as a couple. Be sure to contact us at The Reed Teamfor more information about living in South Orange County!

5 Easy Ways to Increase Your Home Value

Whether you are planning for a complete home makeover or just adding a few upgrades before getting ready to sell your home, it is important to remember that a little can go a long way. And it doesn’t need to break the bank. The actual cost and payback for any project can differ depending on both your home’s condition and overall market values in your area. But to get the best value for your upgrades, here are five easy ways to increase your home value:

1. Curb Appeal

First impressions are a big deal, you only get one chance to really ‘Wow’ someone. This is especially true when it comes to your home. If your home doesn’t look so great from the outside, who is going to want to come in to see what your home really has to offer. The easiest way to bring some real curb appeal is to clean up the yard and to add some plants and flowers. A little color never hurt anyone! Just be careful not to go to crazy, you don’t want your front yard to look like a jungle now. Good landscaping will go a long way. Check out our previous blog for more curb appeal tips!

2. Kitchen Facelift

In just about every home, the kitchen is where you will spend most of your time; it’s the heart of the home. Kitchen upgrades can increase your home’s value by up to 7%. If you want to start small, a fresh coat of paint can make a room feel like brand new. Be sure to keep to a neutral color to appeal to as many people as possible. Or add a backsplash for a pop of color to really brighten the room. For a full kitchen upgrade, make sure to swap out old appliances. Pro tip: stainless steel will never go out of style.

3. Bathroom Upgrades

Much like the kitchen, the bathroom only needs a few small upgrades to make big changes. Depending on how old your home is, it may be time to get rid of that wallpaper and put up some fresh paint and hang some clean new towels for a quick and cheap fix. Another cost effective change is to replace lights and faucets. By replacing outdated fixtures and doing a little deep cleaning, you can have a totally new bathroom.

4. Declutter

It is time for some spring cleaning! Not only are you going to be getting rid of things you don’t need, you can take this time to really get organize and deliver a 3-5% return on investment. Plus, it creates the illusion of increased space. Obviously, more square footage equals more value, and this extends to visual space, or how large a home feels. Add some nice shelving to underused space and hide your clutter. And potential buyers can now see what you have to offer and can visualize the space as theirs.

5. Regular Maintenance and Repairs

If you are not ready to sell just yet, you want to keep up with the regular maintenance of the house. Putting it off for too long can lead to problems down the road. Whether it be  weeding the front yard, fixing leaky faucets, or replacing broken windows, these little repairs can go a long way for your home value. So now when you are ready to sell, your home is going to be in great shape and it will be less stress on you!

Investing a little time and money towards some easy home improvements can really pay off in the long run. And when it comes time to sell, these little things can determine whether or not you are spending months on the market or selling quickly. Whenever you’re ready to sell though, be sure the contact The Reed Team.

 

 

 

 

 

 

 

 

 

 

 

5 Common First Time Buyer Mistakes to Avoid

So, you’re looking to buy your first home. Congratulations! While this may be a very exciting time, it can also be pretty stressful and overwhelming. At the end of the day, you just want to have a home that you love at a price you can afford. But as a first time home buyer, you are more likely to face some challenges that go beyond the ugly wallpaper in the master bathroom. To make sure you are as prepared as possible here are a few of the most common mistakes you should avoid as first time buyers.

1. Not hiring the professionals

This may seem like a given, but too many first time buyers fall into the trap of thinking they are saving money by not hiring an agent. In the long run, this will end up costing you. Don’t be afraid to do a little research or ask for recommendations from friends and family for a good agent. Or learn more about The Reed Team here. You want to make sure that you find someone who can give you professional advice. You want to have someone with more experience with home buying on your side… and that doesn’t just go for your agent, but your loan officer or broker too.

2. Too much or too little on the down payment

The down payment is one of the biggest challenges new homeowners will face. And knowing how much to put down can be tricky. If you put too much down you’re going to end up risking using up all of your savings and being cash poor. And you definitely still want to have a little nest egg saved up. However, if you know you are in a position to put a 20% or more payment down, you avoid paying Private Mortgage Insurance (PMI), and end up saving on the monthly mortgage. That being said, it is not worth the risk of living on the edge if you are not sure. Try using this Mortgage Calculator.

3. Not getting pre qualification/pre approval early

Now that you’ve decided you’re ready to buy a home and you have an agent, your next step should be to get a pre approval letter from a lender. You will need this to show that you are taking this process seriously and are financially able to purchase a house. If you wait until after you’ve found a home you love, you risk getting too emotionally attached and making a bad financial decision. Plus the earlier you are approved means you can act fast when making your offer, and can catch and correct errors in your credit report in time. And Pro Tip: don’t get any new loans before the deal is closed. Lenders like to run credit reports before closing, and anything that has changed can effect can jeopardize the deal.

4. Skipping inspection

Before closing on a sale, do not forget to have a home inspection. If the home has issues, you want the seller to fix it or even lower the price. Too many first time buyers tend to be too apprehensive to ask the seller to make any repairs, but these are the things you need to know. You don’t want to buy a house and find out later that there are unexpected repairs that could have been prevented with an inspection.

5. Not knowing the full cost of homeownership

Buying a new home is expensive. A common mistake first time buyers can make is buying a home that’s too expensive. What you can afford depends on your debt to income ratio, an ideal DTI is about 36% for mortgages. But there is more to home owning than just buying the house and mortgages. It’s smart not to forget about HOA fees, property taxes, insurance, even landscaping costs. Even if you are prepared for all of the additional costs, property taxes and insurance tend to rise every year. Additionally, if you are used to renting, you will now be in charge of your own maintenance and the costs that come with it. Having enough saved also extends to after closing the deal. Its recommended to have about 3-6 months of expenses saved up. You never know what will happen!

As long as you do your research and are prepared, you can avoid these common mistakes that many first time home buyers are guilty of making. Home buying is already a big deal, but it doesn’t need to be a difficult one too. Make your home buying process as easy as possible, contact The Reed Team today!

 

6 Places to Celebrate Easter with the Family

Spring has just arrived, and it’s the perfect time to think about how you want to celebrate Easter with the family. Trade in your coats for spring dresses and boat shoes, and get ready to soak up the sun with the family! Here are the best places to ring in spring and spend some quality time with the little ones.

 

  1. Dana Point Egg Hunt

Head down to beautiful Dana point for an Egg Hunt filled with candy and treasures at Pines Park and Sea Canyon Park! Before the big hunt, enjoy a pancake breakfast and take some pictures with the Easter bunny! Be sure to catch a quick magic show or puppet show before gearing up for the Easter Egg Hunt at 10am! Click here for more information.

 

  1. Pretend City’s Celebrate Easter in Irvine

You definitely don’t want to miss Pretend City’s celebrations! With the purchase of a regular admission ticket ($12.50), you can enjoy all the museum has to offer, plus the fun Easter stuff they have in store! Come in the morning for a meet and greet with the Easter bunny and solve some Easter riddles for a chance to receive a special treat. In the afternoon, kids can get their groove on with the Easter Bunny Hop, and of course, decorate eggs all day long! Click here for more information.

 

  1. Easter Garden Party in Mission Viejo

This family-friendly event is the perfect way to celebrate spring and Easter, and the best part is that it’s free! The event will kick off at noon with an Easter egg hunt! The first 350 children will receive a passport card, which will direct them to shops and restaurants that will give them candy-filled eggs and prizes. Kids can also enjoy face painting, balloon animals, and a petting zoo! Bring your own basket and prepare for a fun-filled day! Click here for more information.

 

  1. San Clemente’s Sensational Springtacular & Splashtacular

Come to the Vista Hermosa Sports Park for a morning and afternoon filled with food, games, and fun. Starting at 9am, the whole family can enjoy a delicious pancake breakfast by Sidewalk Cafe. Then, kids can participate in a free egg hunt with their respective age groups. Aside from an egg hunt, there will also be bunny visits, pony derby, train rides, giant slides, face painting, a petting zoo, and more! This Splashtacular event has something different for the kids to enjoy: a party at the aquatics center. There will be recreational swim, a snorkel bunny, water games, and music! Come to San Clemente for events and activities for the whole family! Click here for more information.

 

  1. Newport Beach’s Mayor’s Egg Roll

The Mayor’s Egg Roll is free and open to the public! Community members are invited to join Mayor Duffy Duffield for sack races, egg races, and other springtime fun on the Civic Green! There will be photo opportunities with the bunnies as well as bounce houses, face painting, and train rides. Kids and adults can enjoy popcorn, cotton candy, and take home a spring goodie bag. No better way to bond with the family and the community than at this Springtime celebration! Click here for more information.

 

  1. Laguna Niguel’s Bunny Blast

Laguna Niguel has some fun and exciting events for you and the kids this year! Children’s activities include arts and crafts, games, face painting, and more. There will also be a Parks and Recreation “Touch a Truck” class where kids will get to climb, work on, and “drive” a work truck! Vehicles will include a work truck, a garbage disposal truck, a fire truck, and a car from the Sheriff’s Department. Kids can learn all about these city cars and spend some time with the Easter bunny! Be sure to bring your cameras for photo ops! Click here for more information.

 

With so many fun and exciting events in store, you have to grab the family and go! Come see the beauty and community of South Orange County while celebrating one of the most joyous holidays of the year. Be sure to contact us at The Reed Team for more information about living in South Orange County!

Renting vs. Buying a Home – What’s Better For You?

An important step into adulthood is making the decision to leave the nest, but many face a more difficult question: is renting or buying a home better? Buying a home requires a large sum of money to put down a deposit, which some younger adults are not quite ready for. Thus, they jumpstart their independence by renting a home or apartment. On the other hand, some couples who are ready to start a family might want to buy a home so they can have a more long-term place to raise their children. Whether you are looking to venture out on your own or find a more permanent residence, consider these questions before you decide!

 

Are you financially stable?

Buying a home not only requires a hefty down deposit, but also a monthly mortgage that can last for up to 30 years. This means that as an aspiring homeowner, you would need a steady income to keep up with these expenses. Not only that, but lenders will want to make sure that you are responsible and have good credit to your name.

 

Aside from paying for the house itself, you will also have to buy furniture to decorate if you want your space to feel like your own. Additionally, there are maintenance requirements that come with a house such as landscaping, pool cleaning, or general repairs. These are things people don’t immediately think about when purchasing a home, but they can add up to a pretty penny.  

 

With renting, you’ll still have to pay an initial deposit, though it won’t be as much as one for a house. If you’re ready to be independent, but aren’t ready to buy a house just yet, perhaps renting an apartment is the better choice. You can experience what it’s like to cook your own meals and do your own laundry — without Mom’s help.

 

Getting an apartment is a good first step because it forces young adults to manage their finances and account for all the things their parents would have taken care of for them. You can plan out your day with working, cooking, and cleaning in mind, but also rest assured knowing that you don’t have lawn maintenance or pool cleaning duties just yet.

 

What are your long-term plans?

It makes sense for newlyweds or married couples to want to move into a house. Some couples might be moving from their parents’ place while others might be upgrading from an apartment to a house. Whichever the case, it’s important for married couples to live on their own so they can establish a good partnership and dynamic. Along with that, some may be looking to start a family, and it would be most ideal to have your own space to raise your kids in.

 

Alternatively, for recent graduates who still have tuition debt, it might not be the best idea to look for a house. It would be difficult to manage loan payments on top of a large mortgage payment. They can find a middle ground solution and rent an apartment instead, where the monthly payments will be more affordable.

 

If your plans are not as long as an apartment contract, which can last for up to one year, try renting a room instead! Homeowners who need tenants to fill up their extra space might allow you to stay there for as short or as long as you need.

 

Moving out of your parents’ nest and into your own can be difficult with lots of choices! But with the right kind of guidance, it can be easy as 1, 2, 3. Whether you decide to rent or buy a home, contact us at The Reed Team. Let us help you get started on the next big step in your lives!