Santa Cruz Real Estate

You have found a home and are ready to apply for financing. Your pre-approval amount comes back not as high as you would have expected and at an interest rate significantly above what your friends just got on their loan. This could be because you have an average to poor credit score.

Mortgage lenders base their interest rates on many things, but your credit score plays a large part. Anything between 720 and 850 will typically get you better interest rates. A mediocre score is usually between 660 and 719, and a low score is 659 and under. If you have a lower score than you’d like, below are a few traits for you to follow of people who receive high financial marks.

They don’t max out their cards.

It’s better to keep a low revolving balance on…

One of the important aspects of owning a Santa Cruz property is having the knowledge of how to keep it maintained to avoid costly repairs and serious damage. Over the years weather and use will wear down both the interior and exterior of your property. If you are able to practice preventative care on your home, then you will prolong the life of all of its systems and components. At least every six months or so, you should be performing an inspection of your property so that you can ensure that it is still functioning properly and safely.

Preventative Home Maintenance

What should you be looking for when it comes to preventative home maintenance? Here are a few of the important pointers to keep in mind:

Pests and Insects

Check your home…

Paying for the mortgage isn’t the only expense that you will need to consider when you are buying a Santa Cruz home. There are many other costs that you will have to think about and these can come as a shock if you haven’t planned ahead for them. Some very enthusiastic first-time homeowners will gloss over these costs and later find out that their budget and paycheque is overwhelmed.

Here are a few of the costs that you should consider when you are becoming a homeowner for the first time.

Moving Costs

Once the home purchase is complete, you will have a whole new wave of additional costs concerned with moving into your new home. You might be able to ask your friends for a favor, but usually you will have to spend thousands on a moving company…

Paying off the mortgage on your Santa Cruz Home faster means that you will not only have the satisfaction of owning your own home sooner, you will also have the benefit of paying much less in interest over the years. The faster you pay off your mortgage, the more money you can save, so here are some tips to accelerate your payment.

Pay Bi-Weekly

Did you know that if you take your monthly mortgage payment and divide it into two bi-weekly payments; you will end up making a full extra month of payments every year? You won’t notice the difference, but over the years this will end up saving you thousands in interest.

Put Any Windfall Toward the Mortgage

Was your tax rebate larger than you expected? Have you received an inheritance from your great…

Filing your taxes can be a complicated and confusing process and if you are a Santa Cruz home owner you will have a lot of different home tax deductions and credits to consider. Before you submit your taxes, check carefully to make sure that you are not making any of these common home owner tax mistakes – which could cost you money or get you in trouble with the IRS.

Miscalculating Your Home Office Tax Deduction

If you work from home, you will be able to deduct a percentage of your housing costs for your home office. However, most people don’t know how to calculate this and don’t realise that it also has to be recaptured when you eventually sell your home. You will only want to claim it if it is worth it, so make sure you know exactly what you…

You’re absolutely sick of looking at the popcorn ceiling of your 1980’s home — it’s time for a change. However, behind the façade of a ceiling is a mess of plumbing, wiring, joists and structural beams, so you have to be careful and creative when updating your home.

Whether you’re dealing with an older home, a tricky duct system or an unfinished basement, below are several ceiling solutions to brighten up the space above your head.
 
Bring back wood paneling.
The 70’s are making a comeback. If you have a flat or slanted ceiling, wood paneling is easy to affix and can create a cozy cabin-like feel. This works well in living rooms, bedrooms and basements where you want generate a warm, comfortable atmosphere. 

Create an industrial vibe.
If…

Making a commitment to go green in your home not only helps the environment, but also your wallet. The federal government and many states are offering tax breaks for upgrades made in 2013. So, take an interest in Mother Nature and advantage of the tax incentives by making your home more energy efficient.

1. Invest in a tankless water heater.
On-demand water heaters heat your shower or washing machine water as needed, so they are not constantly working to keep a large amount of water continually hot. Electric tankless water heaters can sometimes be twice as energy efficient as standard water tank heaters.

2. Install ceiling fans.
Ceiling fans help circulate the air in a room to make it feel cooler. This reduces the need to turn on appliances that…

Flowerbeds can be a very attractive addition to any Santa Cruz home — if you have the time to set up and maintain them. Flowerbeds don’t necessarily require a profusion of costly flowers that need to be fertilized, mulched, covered during severe weather and possibly re-planted on a yearly basis.

So put on your green thumb and brave the outdoors this spring. With the tips below, you’ll keep your flowerbeds filled and your house looking cheery without a huge money or time commitment.

Weed Eradication
Before you even start picking out roses and tulips, take care of the weeds. Gardens get weeds because there are already pesky roots hiding below the surface. Dig up the soil and weeds before you plant. It will save you hours of maintenance in the…

Buying Santa Cruz real estate is usually a long-term investment that will affect you for decades. When you are looking to buy a home, it is important to think about not just what you are looking for now, but what will be the most advantageous situation for you in the future.

Of course, it is impossible to predict the future accurately, as times change and unexpected events can occur. However, when you are buying a home, you should do your best to think about what your needs will be and how the area could change over time.

How Will Your Family Grow?

If you are a young couple buying a house together, think ahead to the next few decades and consider who might eventually live with you. You’ll want to make sure the house has enough bedrooms and a…

Everyone knows that first impressions are important. By carefully staging your Santa Cruz home, you can positively influence the feelings your potential buyers have when they are viewing the property.

Staging is the art of decorating and arranging the spaces within your house to make it more appealing to buyers. If you can adapt the rooms to create an attractive and welcoming zone that homebuyers can see themselves in, they will be more likely to buy your property.

One of the most important rooms to stage is the living room, because it is such a central part of the house. This is where a lot of the social activity occurs, so it should appear comfortable and welcoming. Here are some tips to keep in mind when staging your living room before the next…