Kim D'Elia - EXIT Real Estate Executives



Posted by Kim D’Elia on 5/26/2019

With rent prices shooting soaring across the country, many young Americans who were previously happy renting while they saved for a home are now turning to other options.

One common solution is a starter home. If you want to keep your monthly mortgage prices low while being able to build equity and slowly save for your “forever home.” a starter home can be a great option for first-time buyers.

When does it make sense to buy a starter home?

Buying a home means mortgage payments, home maintenance and repairs, and closing costs. However, they can also be a great introduction to the responsibilities of homeownership.

Better yet, starter homes allow you to build equity that can be used toward the down payment of your next home, something that first-time buyers often struggle with. This could help you secure a lower interest rate and avoid costly private mortgage insurance (PMI).

Sounds great, right? But when shouldn’t you buy a starter home?

It might not make sense to buy a starter home if you don’t plan on living in it at least 3-4 years. You might find that the cost of renting is less than that of your mortgage payments and closing costs if you don’t live in the home long enough to reap the rewards.

It also might not be a good idea if your family is going to outgrow a small home in the next few years for the same reasons mentioned above. That makes it all the more important to discuss your long term plans with your spouse before considering a home.

Things to look for in a starter home

1. Resale value

One of the most important aspects of your starter home should be the ability to resell it in the future. Now, there is an endless number of factors that go into the marketability of a home. Key factors include the condition of the home and keeping it well-maintained, as well as the location of the home. Buying a starter home in an area that will attract young professionals down the road is typically a good investment.

2. Small size = low price

It probably goes without saying, but finding a home with a low price, at the expense of square-footage, is most often a smart choice when it comes to starter homes.

Small homes are cheaper to buy, cheaper to heat, and cheaper to maintain. However, since housing prices are trending upward, you’ll likely still see a positive return on your investment in ~5 years time when you’re hoping to buy again.

3. Reasonable home improvements

If you can spare the time, buying a starter home that needs some work can be an excellent investment. It can be more difficult later on when you have a large family to care for and less time to focus on making improvements.




Tags: starter home   first home  
Categories: Uncategorized  


Posted by Kim D’Elia on 5/23/2019

This Single-Family in Worcester, MA recently sold for $141,000. This Colonial style home was sold by Kim D’Elia - EXIT Real Estate Executives .


57 May St, Worcester, MA 01610

Single-Family

$125,000
Price
$141,000
Sale Price

8
Rooms
4
Beds
1/1
Full/Half Baths
ATTN: FIRST TIME HOME BUYERS THIS IS A GREAT PLACE TO START! WHY RENT WHEN YOU CAN OWN! YOU'LL LOVE THE GREAT YARD, PERFECT FOR ENTERTAINING, RELAX AFTER A LONG DAY ON THE FARMERS PORCH & READ A BOOK. LOCATED CLOSE TO WORCESTER STATE & CLARK UNIVERSITY, GREAT FOR STUDENT RENTALS. LARGE KITCHEN WITH TONS OF COUNTER SPACE & ROOM FOR A KITCHEN TABLE, GREAT HARDWOOD FLOORS AND BUILT INS IN THE DINING ROOM, GOOD SIZE BEDROOMS, LOCATED ONLY SECONDS TO PARK AVE WITH GREAT RESTAURANTS, SHOPPING & MORE!

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Categories: Sold Homes  


Posted by Kim D’Elia on 5/19/2019

Ready to buy a new home? Ultimately, there is no shortage of high-quality residences at your disposal.

For homebuyers, you'll likely need to conduct plenty of research to find your dream house. And as you begin your search for the ideal residence, you should consider a house's interior closely. By doing so, you'll be able to determine whether costly, time-intensive home interior repairs will be needed in the foreseeable future.

What does it take to assess a home's interior properly? Here are three questions that every homebuyer should ask when he or she evaluates a house's interior:

1. Does a home's interior match my personal style?

Do you prefer bold, vibrant home interior colors? Or, do you enjoy a subtle mix of light and dark colors? Consider your personal style as you study a house's interior, and you'll be able to decide whether a home's interior complements your individual preferences.

Remember, a home's interior might fail to meet your expectations. But keep in mind that there are plenty of fish in the sea. As such, you can explore a broad array of houses and should be able to find a residence with an interior that will make you smile.

2. Were recent home interior renovations completed?

Learn about any recent home interior renovations that were completed. That way, you can understand how much time a home seller has committed to improving a home's interior.

Also, if a home seller has performed myriad home interior improvements, try to find out when these renovations were finished.

As a homebuyer, information is key. With details about assorted home interior renovations, you may be better equipped than ever before as you decide whether a residence is right for you.

3. Am I comfortable with a home's interior?

A homebuyer should feel comfortable with a home's interior before he or she purchases a residence.

If you fall in love with a house's interior during a home showing, you may want to consider moving forward by submitting an offer on a house. On the other hand, if you find a home requires many home interior improvements, you may want to consider exploring other houses that are available.

For homebuyers who are on the fence about a home, a real estate may be able to help. This housing market professional can offer expert insights into a house that you may struggle to obtain elsewhere, ensuring you can make an informed decision about a residence.

Furthermore, a real estate agent can take the guesswork out of the homebuying journey. This real estate expert will keep you up to date about new homes as they become available, set up home showings for you and even negotiate with home sellers on your behalf. As a result, a real estate agent will make it easy to find a house that will serve you sell for years to come.

Work with a real estate agent, and you can move closer to finding a home that looks beautiful both inside and out.




Categories: Uncategorized  


Posted by Kim D’Elia on 5/16/2019


100 Haggerty Rd, Charlton, MA 01507

Single-Family

$254,900
Price

6
Rooms
3
Beds
2/1
Full/Half Baths
WOW WHAT AN AMAZING OPPORTUNITY, END OF CUL DE SAC! LOOKING TO BE IN A SUBDIVISION WITH PRIVACY?? THIS IS THE HOUSE FOR YOU! AS YOU ENTER WILL WILL BE WELCOMED BY A CENTER HALL WITH COAT CLOSETS, DINING ROOM TO THE LEFT AND FAMILY ROOM TO THE RIGHT! KITCHEN IS OPEN TO THE DINING ROOM, U OF COUNTERS OFFERS BAR STOOL SEATING! AN ADDITIONAL TABLE WILL FIT PERFECTLY ON YOUR WAY TO THE HALF BATH AND/OR FAMILY ROOM THAT OPENS UP TO A LARGE GREAT ROOM THAT OFFERS CATHEDRAL CEILINGS, FRENCH DOORS TO DECK AND FIREPLACE, PERFECT FOR ENTERTAINING! UPSTAIRS ARE THREE GOOD SIZE ROOMS, MASTER OFFERS A WALK IN CLOSET & FULL BATH! NEED MORE ROOM?? NO WORRIES THE LOWER LEVEL IS ALSO FINISHED PERFECT FOR A GAME ROOM OR TEEN SUITE MAYBE AN OFFICE MAYBE? THE POTENTIAL IS GREAT! A LITTLE PAINT, CARPETS & CLEANING WILL GO FAR HERE! THIS IS AN ABSOLUTE MUST SEE!!!
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Kim D’Elia on 5/16/2019


30 Vista Dr, Shrewsbury, MA 01545

Single-Family

$459,900
Price

9
Rooms
4
Beds
2
Baths
WOW! GREAT OPPORTUNITY IN THE WONDERFUL TOWN OF SHREWSBURY LOCATED ON A DEAD END ROAD! HURRY YOU CAN MOVE IN JUST IN TIME TO OPEN THE INGROUND POOL FOR SUMMER FUN! AS YOU ENTER THIS BEAUTIFUL HOME YOU WILL FALL IN LOVE WITH THE HARDWOOD FLOORS THROUGHOUT! GREAT FIREPLACE SURROUNDED IN CUSTOM CABINETRY, LARGE OPEN DINING ROOM W/CUSTOM CABINETS & WINE CHILLER, THE OVER SIZED KITCHEN WILL AMAZE YOU, LG CENTER ISLAND, CABINETS GALORE FLR TO CEILING, DOUBLE WOLF OVENS, SUB ZERO FRIDGE, 1ST FLOOR OFFICE COULD BE USED AS ADDITIONAL BEDROOM, 2ND FLOOR OFFERS BRIGHT & SUNNY BEDROOMS BEAUTIFUL HARDWOOD FLOORS, MASTER HAS HIS/HER CLOSETS, NEED MORE ROOM? YOU'LL LOVE THE FINISHED LOWER LEVEL PERFECT FOR GAME ROOM, TONS OF STORAGE & LAUNDRY ROOM, YARD IS FULLY FENCED IN WITH GREAT PATIO AREA PERFECT FOR DINNING TABLE & GRILL, GREAT STORAGE AREA OFF THE GARAGE FOR GARDENING TOOLS & POOL SUPPLIES! HURRY T HIS WON'T LAST LONG!
Open House
Sunday
May 19 at 2:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 30 Vista Dr, Shrewsbury, MA 01545    Get Directions

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Categories: Open House