Here at ePlace we love talking about mortgages as a means of "forced savings". "Four Not-So-Obvious Things to Consider When Deciding to Buy or Rent" in the New York Times names forced savings, protection against rising rents, owner’s hidden tax benefits and volatility of maintenance costs as factors that should weigh into a rent vs. buy decision, in addition to the basic rent vs. buy calculation about which is cheaper.
Building departments aren't usually the most glamorous places: they're often tucked away in older buildings and have funny hours. But they can be key to uncovering issues with a potential purchase. In Massachusetts, the city or town building department is where contractors and/or owners go to pull permits to do any significant work on homes. If you're building a new home or doing a remodel, the building department will review plans and conduct both "rough" (walls open) and "finished" (walls closed) inspections of plumbing, electrical, carpentry, and any other work. Read more on the
"If you're a home buyer, you'll want to visit the building department to make sure that any work that was done on the home recently was done with permits."
Free Savvy Home Buyer Workshop Wed 7/20 at 6
We'll be offering our free Savvy Home Buyer workshop again Wednesday July 20th from 6:00 - 8:00. Join us for an information-rich, interactive session. We'll cover financing, property search and due diligence, all the stages of the home-buying process, and special strategies for getting a home in a tight market. Get more information and register here.