New World Realty



Posted by New World Realty on 4/21/2019

With rent prices soaring in many areas of the U.S., renters are starting to consider whether now is the right time to start saving for a down payment on a home.

Depending on where you live and what your timeline is for buying a house, you might be wondering the same thing.

So, in todayís post, weíre going to talk about how to break down your rental costs to determine whether it makes more sense to buy a home rather than continue renting.

Add up your rental costs

There are any number of costs associated with renting depending on your lease agreement. Some renters are required to pay their own heating and utilities, while others have several bonuses thrown into the cost of their rent, such as internet, gym memberships and more.

So, take a minute to write down each of your rental expenses. To get you started, hereís a list of some of the most common costs for renters:

  • Monthly rent

  • Electric bills

  • Heating bills

  • Trash removal

  • Renterís insurance

  • Parking fees

Now that you know how much you put toward renting each month, itís time to take a look at what it could cost you to own a home.

Homeowner expenses

The key thing to remember about buying a home is that your costs can vary widely based on the size of your home, where itís located, and a number of other factors. However, you can often find area averages online.

If youíre considering a starter home (which you should!), then youíll want to look at houses in your area that are on the lower end of the market.

To get an idea of what your mortgage payments and monthly interest will be, you can use a free tool like Bankrate.

Now, letís make a list of your homeowner expenses:

  • Mortgage payment

  • Home insurance

  • Trash removal

  • Utilities

  • Heating and AC costs (plan for higher costs than renting due to more space)

  • Electricity

  • Property taxes (divided by 12)

  • Mortgage insurance (if you donít have a 20% down payment saved)

Cost-benefit analysis of owning a home vs renting

Now that you know the general costs, youíre getting close to knowing whether it would be cheaper or more expensive to buy a home than rent.

However, that isnít the full picture. When you own a home, youíre responsible for maintenance and upkeep. That means you should budget around $250 per month toward maintenance. Even if you donít use that amount each month, thereís a good chance youíll have to make a repair or upgrade, or even hire a professional to come and fix something on your home.

The final piece of the picture involves home equity. When you own a home, most of the money you pay each month to your lender will come back to you in the form of equity. As a renter, your money goes to your landlord and will never be seen or heard from again.

So, if youíve added up your lists, accounted for maintenance costs, and still have enough left over to live comfortably each month by buying a home, you can most likely bet on buying as being a better option.

If not, it might pay off to rent for another year or two while you save up for a down payment so you can get the lowest interest rate and avoid PMI.




Categories: Uncategorized  


Posted by New World Realty on 4/16/2019


8 Castle Road, Attleboro, MA 02703

Mobile Home

$159,900
Price

5
Rooms
2
Beds
2
Baths
Welcome to Sandcastle Mobile Home Park. Beautiful well maintained double wide mobile home. This home features an open floor plan. Bright kitchen with freshly painted cabinets Two bedrooms and two full bathrooms and a large living room/dining room area make this home ideal for family gatherings. Home features newer windows and roof. This lovely adult community has a built in swimming pool and club house for functions. Community is over 55. Sold as is where is.
Open House
No scheduled Open Houses






Categories: Price Change  


Posted by New World Realty on 4/14/2019

If you want to sell your home, it generally is a good idea to enhance your residence's exterior. That way, you can improve your house's curb appeal and make your residence an attractive choice to prospective buyers. Furthermore, with a terrific home exterior, you may be able to help your residence stand out to potential buyers and increase the likelihood of a fast house sale.

Now, let's take a look at three tips to help you revitalize your house's exterior.

1. Repair Damaged Siding

Cracked or chipped home siding is unlikely to do you any favors, particularly in a competitive real estate market. Fortunately, home sellers who allocate time and resources to repair damaged siding can transform an ordinary home exterior into a pristine one.

Oftentimes, it can be simple to correct home siding damage on your own. On the other hand, if you require professional assistance, there is no shortage of home exterior experts available in cities and towns nationwide.

2. Perform Home Landscaping Tasks

Let's face it Ė a lawn that is loaded with weeds and high grass is an eyesore that a home seller can live without. Thankfully, you can mow the lawn, trim the hedges and complete other home landscaping tasks in no time at all.

In many instances, home landscaping tasks can be finished over the course of a few hours, depending on the size of your home and the tasks you need to complete. Of course, you should continue to perform home landscaping tasks weekly or bi-weekly to ensure your lawn looks great at all times.

3. Remove Lawn Decorations

Lawn decorations may help you distinguish your residence from others. At the same time, they may make it tough for a buyer to envision what life may be like if he or she purchases your residence.

When it comes to lawn decorations, it usually is beneficial to err on the side of caution. If you remove lawn decorations, you can instantly bolster your home's curb appeal.

As you explore ways to upgrade your house's exterior, you may want to consult with a real estate agent too. In fact, with a real estate agent at your side, you can streamline the property selling process.

Typically, a real estate agent can serve as a guide throughout the home selling journey. He or she is happy to teach you about the home selling journey and ensure you can prepare your residence accordingly. Plus, a real estate agent will promote your residence to prospective buyers, offer home selling tips and recommendations and more.

For those who want to enjoy a seamless home selling experience, it may be helpful to upgrade your house's exterior sooner rather than later. Remember, a dazzling home exterior may make it simple for you to differentiate your residence from the competition. And as a result, a stunning house exterior could help you generate lots of interest in your house and maximize your home sale earnings.




Categories: Uncategorized  


Posted by New World Realty on 4/12/2019


869 East Washington Street, North Attleboro, MA 02760

Commercial

$869,900
Price

1
Buildings
Commercial
Type of Comm.
22,061.00
Lot Size
HUGE PRICE REDUCTION!!! Great value for investor or owner occupant. Corner lot, lighted intersection on Route 1. Bring your investor. Email agent for NDA form for owner financials.
Open House
No scheduled Open Houses






Categories: Price Change  


Posted by New World Realty on 4/12/2019


867 East Washington St, North Attleboro, MA 02760

Commercial

$1,650
Price

1
Buildings
Commercial
Type of Comm.
5,284.00
Lot Size
PRICE REDUCED!! Great High COMMERCIAL exposure location Route 1 at the lights Modern Frame building. 1160 ft of open retail space along with 240 feet of office and break area. Excellent opportunity for retail business Comes with ceiling lighting and lighted pylon sign space. Available for long term lease.
Open House
No scheduled Open Houses

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Categories: Price Change