John Pasciuti's Blog
One of the most untapped storage resources in your home is your vertical space. This valuable real estate can allow you to store items off the floor, reducing clutter and making your items more easily accessible for use. Looking for ways to maximize the storage space in your home? Check out these vertical storage tips.
Pick Furniture that Has Versatile Shelving
When picking furniture items for your room, avoid shorter pieces and go for ones with a lot of height and versatile shelving. Since these pieces will already be taking up valuable floor space, why not use them as your storage? Find pieces that have shelves and cubbies to hold baskets and other large items to keep them neat, organized and out of the way.
Opt for Mounted Items in the Kitchen Whenever You Can
If you are someone who constantly uses your can opener or always wants to have paper towels at the ready, consider mounting options instead of freestanding ones that can take up counter space. If cupboard space is a problem, put up some hooks on an open wall and add some decor to your kitchen by hanging your nice pans. Stainless steel and copper pans can add a metallic accent that can really bring some unique touches to your decor.
Clean Up Closets with Over-the-Door Hangers
Closets can be the ideal place to make the most out of your vertical space. If you have a lot of shoes, ties, scarves or accessories, consider using the inside of your door to store these. You can find over-the-door hangers in a number of sizes that can accommodate almost any items you need to keep organized and make more easily accessible. Over-the-door organizers can also be of great use in the bathroom, where you can store your bath, facial and makeup products without cluttering up your counter or shower.
Use Hooks Instead of Bulky Clothes Racks
Coats towels and other items that need to be hung up can take up a lot of space, especially when you use a bulky coat rack or shelving unit to hold them. Instead, place hooks directly in the wall so that they can give you more space to walk around and take advantage of unused wall space. If you have limited wall space in your bathroom, mount some hooks directly below a window to keep your towels up and out of the way.
Maximize the vertical space in your home to take advantage of storage space you may have never considered before by trying the few tips above. You will enjoy a more clutter-free and organized home in the end.
6 Monticello Circle, Billerica, MA 01821
6 Monticello Circle, Billerica, MA 01821
A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis.
Understanding the Differences
A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage scenario with a bank, the seller becomes the lender. The buyer and seller agree on a price for the home then negotiate terms and a payment schedule.
In many cases, these repayment terms follow a schedule of monthly payments much like a mortgage. However, a balloon payment for the remaining balance is often due within three to five years. At that time, you would then obtain a traditional mortgage to fund the remainder that's due.
Land Contract Risks
While it can seem like a land contract would be an ideal way to secure a home, it does involve risks you need to know about. A land contract can be a way for you to close on a home if you aren't able to qualify for a mortgage that covers the full cost right away. The three to five years that a typical land contract lasts can give you time to improve your credit and increase your financial soundness.
Before you agree to a land contract, though, be aware that the property is not yours until you make the final (balloon) payment. This means that if you make any improvements to the property during that time, you could potentially be out of your investment. You are also not building up any equity in the home during the time that the land contract is in effect.
At any point during the land contract, your position as the buyer could be compromised. For example, the seller is the legal owner of the property until the contract has been fully paid. If they experience financial problems and lose the property, you would have no claim to it and would forfeit your payments.
As the buyer, you are obligated to meet your payment agreement. If you don't do so at any time during a land contract, the deal ends. The property stays with the seller and you are out the money you've invested.
Advantages of a Mortgage
With a mortgage, you must pay property taxes and honor your obligations to the lender. As long as you do so -- and avoid liens -- you have legal recognition as the property owner.
A land contract can seem like an attractive alternative if you don't think you qualify for a traditional mortgage. Before agreeing to one, though, be sure you understand the pitfalls that could be involved.
Do you enjoy the hustle and bustle of the big city? If so, you're sure to enjoy a city home.
Ultimately, there are many reasons to consider purchasing a home in a big city, including:
1. You can enjoy quick, easy access to public transportation.
Let's face it – owning a car sometimes can be problematic, and the costs associated with fuel, insurance and maintenance can add up quickly. However, you may be able to cut out some of these expenses if you live in the city.
Many cities feature public transportation systems that make it simple to travel from one location to the next. That way, you can avoid the hassles commonly associated with car ownership.
2. You can check out a broad assortment of attractions and entertainment.
The lights are always brightest in the city. Here, you can visit museums, historic landmarks and other attractions any time you choose.
For those who live in the city, you should have no trouble accessing a massive assortment of attractions and entertainment. From live theater performances to sports events, you can enjoy fun experiences in the city year-round.
3. You can visit a wide range of high-quality restaurants.
Foodies rejoice! Cities are home to some of the world's best restaurants, guaranteeing you can sample gourmet cuisine that you may struggle to find elsewhere.
Whether you appreciate traditional pub fare or elegant French dishes, you're sure to find exactly what you're looking for at a city restaurant. Plus, many city restaurants offer take-out menus, ensuring you can get first-rate cuisine delivered to your home.
How can you obtain a home in the city?
You don't need to be a millionaire to purchase a city home. In fact, here are three tips to ensure you can acquire an outstanding city house at a price that meets your budget:
1. Browse the housing market closely.
New homes reach the real estate market every day. As a homebuyer, you'll want to explore the housing market closely to find a residence that you can enjoy both now and in the future.
Examine the prices of recently sold homes in the city. Also, be sure to check out a variety of residences in-person. By doing so, you can understand what you can afford and map out your homebuying journey accordingly.
2. Get pre-approved for a mortgage.
Meet with multiple banks and credit unions before you begin your search for a city house. This will enable you to get pre-approved for a mortgage and kick off your home search with a homebuying budget in hand.
3. Work with a real estate agent.
Hire a real estate agent who understands a city's real estate market. This real estate professional will offer honest, unbiased homebuying recommendations. That way, you can accelerate the homebuying process and avoid the risk of spending too much on a city home.
Use the aforementioned homebuying tips, and you can move one step closer to securing your dream home in the city of your choice.