Sarasota Paradise Group's Blog
Purchasing a home is a sign of new financial responsibility for many people. The leap into homeownership is a big and important step. Finding a home and securing a mortgage isn’t easy. Getting ready to take on a mortgage can require a lot of research and education on your part. Before you get too confused, you’ll need to learn the basics of a mortgage and what you should know before you apply.
This is probably the best advice for any first time homebuyer. Find some good lenders in your area. You can sit down with a lender and talk about your goals. The bank will be able to explain all of the costs and fees associated with buying a home ahead of time. This way, you’ll know exactly what to expect when you head into a purchase contract without any surprises.
What’s Involved In A Loan?
Each mortgage is a different situation. This is why meeting with a lender ahead of time is a good idea. Your real estate agent can suggest a mortgage lender if you don’t have one in mind. No one will be happier for you than your real estate agent if you have a smooth real estate transaction. You’ll be able to walk through the mortgage process step by step with a loan officer and understand the specifics of your own scenario.
What You’ll Need For A Mortgage
There’s a few things that you’ll need to have ready before you can even begin searching for a home.
Cash For A Down Payment
You’ll need to save up a bit of cash before you know that you’re ready to buy a home. It’s recommended that you have at least 20 percent of the purchase price of a home to put down towards your loan initially.
A Good Working Knowledge Of Personal Finances
You should have an understanding of your own finances in order to buy a home. Not only will this help you save, but it will help you to ensure that you’re not going to overextend yourself financially after you secure the mortgage. To get your finances in order, honestly record all of your monthly expenses and spending habits, so you know exactly what you can afford.
The Price Range Of Homes You’re Interested In
If you have an idea of what kind of home you’d like, it will make your entire house shopping experience a lot easier. You’ll be able to see exactly what you can afford and how much you need to save. When your wish list equates to half-million dollar homes, and you find that you can only afford around $300,000, you don’t need to go into shock! It’s good to have an idea of how much house you can afford and what it will get you. When you do a little homework, you’ll discover that buying a home isn’t such a hard process when you’re prepared!
One very important, yet often overlooked aspect of setting up a home is that of lighting. We often take lighting for granted. We turn on a light in order to see something better, but there’s so much more to a well-lit room than placing a light anywhere in the space. Lighting should be done in layers. These layers include:
- Ambient lighting
- Accent lighting
- Task lighting
- Decorative lighting
For well-balanced lighting in a room, you should mix and match the types of lighting from these layers. Let’s break down the different layers of lighting:
This kind of lighting includes natural light sources such as windows and doors. Ambient lighting would also include pendant lighting and overhead light fixtures like a combination light/ ceiling fan.
Task lighting is exactly as the name denotes. You use this type of lighting when you want to complete some kind of task. These fixtures could include under the counter lighting, desk lamps, and reading lamps.
Accent lighting provides additional brightness to a room. These fixtures include adjustable lights and recessed lighting features.
Decorative lighting accents a room in a different way. These types of fixtures would be something like chandeliers, different colored light bulbs, and other lights that can be used for decoration.
The great thing about the right kind of lighting is that it will feature the best parts of a room. Do you have a painting that you love? Use lighting to bring it out. Is there a statue that you want to make stand out? Use a soft spotlight. You can even highlight your crown molding and ceiling features with some mounted sconces or rope lights along the edge of your ceiling for an added effect.
Spread It Out
One of the worst mistakes that people make when lighting a room is forgetting to spread out their light sources. All of the light in the room is concentrated in one spot, leaving dark patches in the space. This can be a decorator’s nightmare. This is why the layering method works so well. The lighting is spread out around the room and even. There won’t be any spots in the room where the lighting is overwhelming or on the flip side, not enough.
Use Your Windows
One of the other big mistakes in lighting is that people often forget to make use of the natural daylight. While you may need some lighting in a room that’s used often at night, there should be some great resources coming from right outside your windows. Don’t block this light! Use creative ways to direct the light accordingly like curtains and blinds. Don’t be afraid to leave some window space open as well to let the light shine in. While you don’t want to sacrifice your privacy, you do not want to live with your windows darkened all day, every day!
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