Posted by Northeast Signature Properties, LLC on 6/24/2019

Buying a house is arguably the most expensive purchase most people will make in their lives. With real estate prices steadily rising year after year, many Americans are finding ways to save on housing.

At the same time, rent prices too are increasing, especially around metro areas where many young Americans are entering the workforce. With costs rising and wages stagnating, it can be hard to find an affordable place to live while still building equity that can be used later on down the road.

One option that many Americans are considering is the fixer-upper route. However, it takes know-how and a lot of hard work to make this method a good choice to save you money. In this article, weíll tell you how to make certain buying a fixer upper is a good idea and what costs you can expect along the way.

Adding up the costs

Buying a house that needs work means youíll need to spend a good amount of time calculating costs and getting quotes from professionals. Even if youíre familiar with several home maintenance tasks, there are some jobs that are safer if left to the pros. This isnít only a matter of physical safety, however. If you start a job that you arenít qualified to finish you could end up paying much more than if you had just hired a licensed professional to do the job in the first place.

When estimating costs for reparations and renovations, aim high. Itís better to plan for it to be more expensive and have more left over than to underestimate your projects and go over budget.

Get an inspection report

If you arenít sure whether or not you want to go through with a deal, make sure you have an inspection contingency clause in your contract. This will enable you to back out if the home inspector makes you aware of any costs that you werenít told about by the seller.

Donít forget added costs

There are several closing costs youíll be responsible for as a buyer. Make sure you keep tabs on how much you can expect to spend closing on the home. If youíre going through a mortgage lender, they are required to give you an estimate of closing costs.

Once you know the purchase price of the home and the closing costs, make sure you account for other aspects of your renovations, such as getting required permits.

Borrow wisely

If you do plan on taking out a loan to cover the cost of renovations, be smart with how you get and pay back that money. One option is the FHA 203(k) loan or renovation loan.

Renovation loans help you save on closing costs and simplify the lending process by giving you one loan that accounts for the cost of the renovations and of the home itself.





Posted by Northeast Signature Properties, LLC on 6/21/2019

This Single-Family in Norfolk, MA recently sold for $645,000. This Contemporary style home was sold by - Northeast Signature Properties, LLC.


15 Old Mill Rd, Norfolk, MA 02056

Single-Family

$674,900
Price
$645,000
Sale Price

9
Rooms
3
Beds
3/1
Full/Half Baths
Striking custom built contemporary colonial beautifully sited on almost 2.5 acres on picturesque Old Mill Road. Easy access to all major routes and the commuter rail. An exceptional floor plan that includes main level Master Bedroom with his/hers walk-in closets, and spa bath. Sunny granite/stainless eat-in-kitchen with tray ceiling opening to lovely Dining Room with wainscoting and access to private patio for outdoor dining. Vaulted ceiling family room with fireplace, formal living room with additional fireplace, cute office space w/french door & a main level laundry room complete the 1st floor. 2 bedrooms and full bathroom on 2nd level with open views to main level. The lower level, highlighted by a huge playroom, 4th bedroom, craft/exercise room and full bath is an added bonus! Outdoor features: gorgeous in-ground pool with gazebo & barbecue area - this will be your summer paradise! 2 car attached and 2 car detached garage with 24x24' finished space above!

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Categories: Sold Homes  


Posted by Northeast Signature Properties, LLC on 6/19/2019

Beautiful 4 bedroom colonial located in the desirable Ridge Farm Estates Neighborhood. Offering a 1st floor office off of the 2 story foyer, a cabinet packed kitchen adorned with a brand new stainless steel double wall oven, granite counter tops, eat-in area & a sizable decorative island with an Open Floor Plan to the dining room and the spacious vaulted living room w/fireplace, ceiling fan & hardwood floors. Wonderful flexible floor plan w/dual master bedroom suites, one on the main level & one on the upper level, for in-law potential. The large master vaulted bedroom suite is a retreat on the 1st floor with walk in closet & x-large bathroom. The Brazilian Cherry Flooring is an elegant upgrade to the 4 Bedrooms & the upstairs hallway. Other features include 2 car garage, sliders leading out to the expansive deck overlooking the level backyard, a 1st floor laundry room, an oversized family room & bonus room plus storage in lower level, gas heat, central air, town water & sewer!

More Info on this Property | New Listing Alerts




Categories: Uncategorized  


Posted by Northeast Signature Properties, LLC on 6/19/2019


10 Rolling Meadow Dr, Millis, MA 02054

Single-Family

$679,900
Price

12
Rooms
4
Beds
3/1
Full/Half Baths
Beautiful 4 bedroom colonial located in the desirable Ridge Farm Estates Neighborhood. Offering a 1st floor office off of the 2 story foyer, a cabinet packed kitchen adorned with a brand new stainless steel double wall oven, granite counter tops, eat-in area & a sizable decorative island with an Open Floor Plan to the dining room and the spacious vaulted living room w/fireplace, ceiling fan & hardwood floors. Wonderful flexible floor plan w/dual master bedroom suites, one on the main level & one on the upper level, for in-law potential. The large master vaulted bedroom suite is a retreat on the 1st floor with walk in closet & x-large bathroom. The Brazilian Cherry Flooring is an elegant upgrade to the 4 Bedrooms & the upstairs hallway. Other features include 2 car garage, sliders leading out to the expansive deck overlooking the level backyard, a 1st floor laundry room, an oversized family room & bonus room plus storage in lower level, gas heat, central air, town water & sewer!
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Northeast Signature Properties, LLC on 6/18/2019

This Single-Family in Norfolk, MA recently sold for $316,500. This Colonial,Antique style home was sold by - Northeast Signature Properties, LLC.


87 North St, Norfolk, MA 02056

Single-Family

$319,900
Price
$316,500
Sale Price

7
Rooms
3
Beds
1
Baths
Old world charm and character await you in this 3 bedroom 1 bath Antique near the center of Norfolk, recreation fields, and Stonybrook Wildlife Sanctuary. Spacious cabinet filled bright kitchen with center island. Family room and dining room are connected by an arched doorway and feature wood floors. Enjoy your beautiful backyard from your screened in three season porch. Generous master bedroom and two additional bedrooms all with wood floors complete the second floor. Low maintenance vinyl siding house. Very spacious garage. Flexible closing.

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Categories: Sold Homes  




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