Homeownership, its part of the American dream, but for many people getting their own set of keys isn’t easy. Owning can be much cheaper than renting but unfortunately despite the cost difference, one of the biggest obstacles to homeownership boils down to finances. Homeownership may be more cost-effective in the long-term but in the short-term, many people struggle to find enough money for a down payment.
Finding affordable housing in Anchorage can seem like a headache but there is one option many homebuyers overlook. Condo dues are part of the package when you purchase a condominium but the fee covers a lot more than you think. Lender regulations now require expenses that were previously covered by the homeowner to be included in the dues. This means condo dues aren’t rising for no reason they’re simply consolidating the same expenses homeowners have always paid into a single fee.
Interest rates have risen in the weeks following the presidential election and they are expected to continue to go up. If you’re in the market for a new home now is the time to buy because waiting could cost you. Interest rates are still low enough that potential homebuyers will score a great a deal on their home if they buy soon. Unfortunately, as interest rates rise, homebuyers will lose their buying power meaning they will get less home for their money or spend much more for the home they want.
Living in a Spinell Home built in 2011 or later? Your furnace or water heater may need maintenance. Check your unit for a neutralizer pipe – if your unit has one, you may need to perform yearly maintenance.
$21,600. For the majority of us, that’s a lot of money right? If you had that kind of money would you give it away? “No way,” is what you’re probably saying. But that is what many people are doing, not just once, but EVERY SINGLE YEAR.
If you scan Craigslist you’ll see that $1800 is about the average monthly rent for a 3 bedroom, 2 bath home/condo/townhouse in Anchorage right now. Month after month, year after year, people are paying this kind of rent, paying someone else’s mortgage, when for the same monthly amount they could be owning a home of their own.
Spring is here and many of you are anxious for clean up and escrow work to begin.
We will be attempting to clean up any remaining materials around the homes when everything is thawed, but this usually happens at the same time for all homes built during the winter, so it would be really helpful if you pile up any waste materials near the curb and we will send crews around to collect them.
Many of you may have seen the article a couple of days ago in the Anchorage Daily News that discussed the troubles that the home building industry still faces even though the recession is considered over. We could not agree more! It has been Spinell Homes' opinion that our economy will never truly recover until the entire housing industry is repaired.