Susan Brown & Stephanie Smith - Century 21 North Shore / Cape Cod



Posted by Susan Brown & Stephanie Smith on 11/16/2017

American homes have been growing larger for decades. This trend is partly due to personal preference for more space, and partly caused by local laws mandating minimum square-footage of all new properties.

Owning and maintaining a home is a huge expense. Especially if you’re heating and maintaining parts of your home that you don’t really need.

As a result, a growing number of people are renting out parts of their home in various ways. From Airbnb to subletting, and all the way up to renting out their basement as a separate apartment, there are a number of ways you can earn money on your home.

The appeal is obvious. However, there are a number of factors you should consider before renting out part of your home. After all, your home is the place you and your family spend your days and nights, and sometimes the idea of having a stranger in your midst can be frightening to some homeowners.

For others, however, welcoming people into their home is a fun way to meet new people, help someone find affordable housing in a place they otherwise wouldn’t, and earn some extra money.

Know your local laws

It should be noted up front that not everyone can just legally rent out a portion of their home. Whether it is due to local laws, building code requirements, or homeowners association rules, there are a number of reasons you might not be able to rent out part of your home.

Before you consider listing a room or portion of your home, read up on the landlord-tenant laws in your area to make sure you’re comfortable with your legal obligations.

Make the necessary preparations

Renting a room in your home isn’t just a matter of giving someone the key to the front door. You’ll have to plan to install deadbolts, remove doorknobs with inside locking mechanisms, make repairs to the room and any amenities the tenant will have access to and document the state of your home.

Make a clear renter’s agreement

Would it make you uncomfortable to have a dog or cat in your home? Does your home have a smoking policy?

There are a number of things you should think about and add to your renter’s agreement and any online listing you post. This will help you narrow down your renter options and give you a better chance of finding someone right for your home.

Finding a tenant

There are a number of ways you can find people to live in your home. Most homeowners list their spare room or apartment online, but it can also be a good idea to reach out to people you know and trust.

Once you have interested parties, you might want to purchase a background check and determine if you’ll require certain documents (proof of income, credit score, etc.).

Document everything

There’s a reason you have to do so much paperwork when you rent an apartment--the landlord wants to make sure they are covered in case anything goes wrong.

Before signing an agreement with your new renter, make sure it covers all of the “what-if” scenarios that could happen. There are several sample lease agreements online that you can use as a template.

Furthermore, once the tenant moves in, be sure that your discussions and agreements are documented. If the tenant denies you access to perform a check for pests, make sure you have some documentation that shows this denial.




Categories: Uncategorized  


Posted by Susan Brown & Stephanie Smith on 11/10/2017

WELCOME HOME to this Center Chimney Saltbox in Jacobs Farm Village! Step inside and admire the attention to detail; beautiful wide pine floors throughout the entire home add to its period charm, large dining room & sitting area with oversized fireplace, bright kitchen with a terrific walk in pantry too! Formal living room with wood stove that can heat the home this winter. Den with custom built ins offers endless uses. Upstairs you will find 3 bedrooms and a lovely updated full bath. All new Anderson 400 series windows, walk out basement for future expansion, outdoor shower, stone walls and brick accents showcase the gardens. Detached 2 car garage with storage above. Lovely circular driveway and .92 acre lot offers privacy galore! Title 5 in hand... ready to close!

More Info on this Property | New Listing Alerts





Posted by Susan Brown & Stephanie Smith on 11/9/2017


7 Tarragon Drive, Sandwich, MA 02537

East Sandwich

Single-Family

$489,000
Price

7
Rooms
3
Beds
1/1
Full/Half Baths
WELCOME HOME to this Center Chimney Saltbox in Jacobs Farm Village! Step inside and admire the attention to detail; beautiful wide pine floors throughout the entire home add to its period charm, large dining room & sitting area with oversized fireplace, bright kitchen with a terrific walk in pantry too! Formal living room with wood stove that can heat the home this winter. Den with custom built ins offers endless uses. Upstairs you will find 3 bedrooms and a lovely updated full bath. All new Anderson 400 series windows, walk out basement for future expansion, outdoor shower, stone walls and brick accents showcase the gardens. Detached 2 car garage with storage above. Lovely circular driveway and .92 acre lot offers privacy galore! Title 5 in hand... ready to close!
Open House
No scheduled Open Houses

Similar Properties





Categories: New Homes  


Posted by Susan Brown & Stephanie Smith on 11/9/2017

Buying your dream home should be simple. Unfortunately, challenges may arise during the homebuying journey, particularly for those who fail to budget accordingly.

Establishing a budget before you begin your home search is paramount. With a budget in place, you can explore houses that fall within your price range and move closer to finding a great residence that you can enjoy for years to come.

Ultimately, creating a homebuying budget can be easy – here are three tips to help homebuyers establish budgets.

1. Consider your utility costs.

Although you may be able to get pre-approved for a mortgage and determine exactly how much you'll need to pay for a house, you'll still need to account for utility expenses month after month.

Electricity, heat and other utility costs can add up quickly. However, a diligent homebuyer should have no trouble estimating his or her monthly utility fees.

Examining your current utility expenses can help you understand how much you may wind up paying in utility charges at your new address. Also, don't forget to consult with your real estate agent, as this professional may be able to provide details about the average utility costs associated with a particular residence.

2. Manage your debt.

If you decide to purchase a "fixer-upper," i.e. a home that requires extensive home repairs, you'll likely need to commit substantial time and resources to complete home renovation projects. Thus, you'll want to consider any home repair tasks that you may need to complete at a new address and budget for them before you make an offer on a house.

In addition, knowing your credit score can help you understand your debt. You are entitled to a free copy of your credit report from each of the three major credit reporting agencies (Experian, Equifax and TransUnion), and each report will provide information about any outstanding debt. That way, you can learn about your debt and find ways to minimize it prior to purchasing a residence.

3. Account for closing costs and miscellaneous expenses.

Home closing costs will include your loan origination, title insurance and appraisal fees and often range between 3 percent and 7 percent of your total loan amount. You'll want to account for these expenses as you establish a homebuying budget to ensure you can secure your dream house without delay.

Spend some time learning about all of the expenses that may impact your monthly home expenses too. For example, if you purchase a condo, you may face monthly homeowners association fees in addition to your mortgage costs. Or, if you plan to have a baby in the near future, you'll want to consider how the costs of raising a child may impact your ability to cover your mortgage expenses.

If you ever have concerns or questions about establishing a homebuying budget, be sure to consult with your real estate agent. Remember, your real estate agent is available to help you in any way possible and will do what it takes to ensure you can establish the right homebuying budget.




Tags: Buying a home   budgeting  
Categories: Uncategorized  


Posted by Susan Brown & Stephanie Smith on 11/8/2017


7 Tarragon Drive , Sandwich, MA 02537

East Sandwich

Single-Family

$489,000
Price

7
Total Rooms
3
Beds
1/1
Full/Half Baths
WELCOME HOME to this Center Chimney Saltbox in Jacobs Farm Village! Step inside and admire the attention to detail; beautiful wide pine floors throughout the entire home add to its period charm, large dining room & sitting area with oversized fireplace, bright kitchen with a terrific walk in pantry too! Formal living room with wood stove that can heat the home this winter. Den with custom built ins offers endless uses. Upstairs you will find 3 bedrooms and a lovely updated full bath. All new Anderson 400 series windows, walk out basement for future expansion, outdoor shower, stone walls and brick accents showcase the gardens. Detached 2 car garage with storage above. Lovely circular driveway and .92 acre lot offers privacy galore! Title 5 in hand... ready to close!
Open House
No scheduled Open Houses

Similar Properties





Categories: New Homes