Broker, Real Estate Consultant
ASR, CBR, CRB, SRES, New construction, Staging & Relocation.




Posted by Joyce Torelli on 1/18/2020


22 A Brookside Ave., Boylston, MA 01503

Rental

$1,500
Price

3
Rooms
1
Beds
1
Baths
Enjoy an attached private entry 1 Bedroom apartment to a lovely large home, in Cul-de-Sac neighborhood! Open Floor plan, neutral grey painted walls, and easy laminate flooring throughout. Lovely Eat-In Kitchen with new Stainless French Door Refrigerator, Center Isle, Pantry, Electric Range with Microwave above, Stainless sink, and Stackable Washer/Dryer! Living room has French Door to back yard area. Enjoy a Queen or possibly King size Master Bedroom. Tenant will have use of basement for storage if needed. No smoking. 1 Pet Dog may qualify-Breed restrictions apply. Landlord is offering a 30 or 60 day TAW. Minutes to all! Don't miss!
Open House
No scheduled Open Houses






Tags: Real Estate   Rental   01503   Boylston  
Categories: New Homes  


Posted by Joyce Torelli on 1/15/2020

Buying your first home is a big decision; one that involves a lengthy process of saving money, building credit, and planning the next phase of your life. However, owning a home comes with one major payoff: home equity.

Simply put, home equity is the amount of your home that you’ve paid off. However, it does get more complicated when we bring in factors like the market value of your home and how it shifts over the years.

In this article, we’ll discuss home equity and what it means for you as a homeowner. This way, you’ll have a better idea of what to expect when you finally make that last payment on your home or when you decide to sell.

Home equity and market value

As I mentioned earlier, home equity is more than just the amount you’ve paid toward your mortgage. Like most markets, the housing market shifts over time.

Most homes slowly increase in value over time. In the real estate world, this increase in value is called appreciation.

However, that doesn’t mean that your home is simply going to increase in value indefinitely until you decide to sell. As you will find out (if you haven’t yet already), owning a home can be expensive. Houses age and require upgrades. If you fail to keep up with the maintenance of your home, its value can diminish.

How to build equity

The most important thing you can do to build equity is to make on-time payments to your mortgage. Making extra mortgage payments will help you build equity even faster.

One method of paying extra on your mortgage that many people are adopting is to make bi-weekly payments. Twenty-six bi-weekly payments comes out to 13 full payments per year, the equivalent of making one full extra monthly payment.

The second method of building equity is something that you have less control over: appreciation. However, if you stick to a maintenance schedule for your home and keep it in good repair, you’ll most likely benefit from appreciation over the lifespan of your mortgage.

What can I use home equity for?

The most common way to use home equity is as a down payment or full payment on your next home. First-time buyers who don’t have a 20% down payment saved often buy a starter home and then later upgrade as their family grows and their needs change. In the years that they own their first home, they build enough equity to make a full down payment on their second home, avoiding fees like mortgage insurance.

Many homeowners planning on retiring in the near future use their equity toward their retirement home, often turning a profit in the process. If you plan on downgrading for retirement and have fully paid off your mortgage, you can often use your equity to pay for your next home in cash.





Posted by Joyce Torelli on 1/8/2020

Image by Pexels from Pixabay

With more people working from home today than ever before, many are looking to add a home office to their house. Some may think that they don't have enough space to make this happen; however, folks don't need an entire room to add a home office. There are a few great tips and tricks that can turn almost any space into a comfortable, functional home office.

Turn a Laundry Room into a Home Office

One of the first places that should be looked at is the laundry room. With careful planning, along with some ingenuity, homeowners can take their laundry room and turn it into a functional home office. Clever carpentry can place a pull-out cabinet in the room along with a few heavy-duty drawer glides. By folding these key items into existing wall space, a seemingly small laundry room can turn into a beautiful home office. 

Looking at an Existing Bedroom

Another place that people can look for a home office is in their guest bedroom. This doesn’t mean that they need to take over the entire guest bedroom as their office space; however, the closet might offer some intriguing opportunities. Removing the door from the closet can add a significant amount of workable space. After all, some might not need a door in their closet at all. Then, think about using the closet rod to hang shelves and other useful items. Suddenly, with so much usable hanging space, the closet no longer seems nearly as crowded.

Put the Alcove to Use

Another great place to look for a home office is at an alcove. There are a lot of home structures that have quite a bit of awkward, recessed space. These nooks are great places to repurpose as a usable workspace for both adults and kids. This is a great location for kids to do their homework in addition to adults using this space to get their own work done. It might even be a good idea to add a double desk to increase the working space. A double desk will also create more room for storage and displays.





Posted by Joyce Torelli on 1/1/2020

One aspect of house hunting that some prospective home buyers overlook is security. Perhaps it's because they're looking at homes in "nice neighborhoods, where you shouldn't have to worry about that sort of thing happening." Maybe another reason they're paying little or no attention to security issues is that they're more preoccupied with the layout of the kitchen, the size of the backyard, and the condition of the master bathroom.

Even though there are dozens of details to compare and think about when you're house hunting, security features are important enough to include in your checklist. By letting your real estate agent know that home security is a high priority for you, they'll hopefully point out security features that they notice and perhaps ask the listing agent for any additional information on things like installed alarms systems, deadbolt locks, or security lighting on the property.

As a side note, if the present owner has recently installed an extensive security system in the house, you can also use that as an opportunity (excuse) to inquire about crime in the neighborhood and whether there have been any recent incidents in the area. Additional research may need to be done to ferret out that information.

As you check out different houses that your buyers' agent shows you, here are a few security-related checkpoints to keep in mind:

  • Do the doors look solid and are they secured by deadbolt locks?
  • Do first-floor windows have functional and securely locking mechanisms?
  • Are there any outside floodlights, lamp posts, and/or other forms of illumination around the house?
  • Are there any overgrown bushes next to the house that could conceal a burglar's attempt to enter the house through a window?
  • Are there any fences on the premises that might discourage a burglar from entering the property?
  • Do the main entrances have locking storm doors that provide an extra layer of security?
  • Are there any other security vulnerabilities that you or your real estate agent think need addressing, either now or in the immediate future?
While that list may not include every possible security feature and potential weakness to look for when touring homes for sale, it will hopefully heighten your awareness about the need to prioritize home security -- even before you actually close on a house and move in.

When you do find the ultimate house for you and your family, it's always a good idea to change the locks on all external doors as soon as possible. You never know how many duplicate keys have been circulated over the years to contractors, neighbors, cleaning people, pet sitters, house sitters, and family members. One way to take control of your new home's security situation is to make sure there are no extra house keys floating around in the hands of people you don't know.





Posted by Joyce Torelli on 12/25/2019

A home showing may prove to be exceedingly valuable, regardless of whether you're actively searching for a residence or preparing to enter the real estate market. In fact, there are many reasons to schedule a home showing, and these include:

1. You think a home may be right for you.

If you review a home listing and feel a house may be your dream residence, it never hurts to set up a home showing. By visiting a residence, you can get an up-close look at a house and determine whether this home is right for you.

Ultimately, the only thing that a home showing will cost you is time. If you find that a home matches or exceeds your expectations, you can always submit an offer on this residence after a showing. Conversely, if a home falls short of your expectations during a showing, you can continue your search for your ideal house.

2. You are interested in learning about the local housing market.

Let's face it – the housing market can be tricky to navigate, particularly for those who intend to purchase a home for the first time. Luckily, a home showing offers a commitment-free opportunity to examine a residence and learn about the local real estate market.

Typically, a home showing allows you to review a house in-person and ask questions about this residence. Once the showing is complete, there is no obligation to move forward with a home purchase. Instead, you can assess your homebuying options and proceed accordingly.

3. You want to narrow your home search.

Although you know that you want to buy a house, you still have lots of ideas about what you want from your ideal residence. Thankfully, a home showing gives you an opportunity to walk through a house and determine what you like and don't like. And even if you decide not to proceed with a home offer, you can use the insights from a home showing to hone your house search.

If you need help setting up a home showing, you may want to reach out to a local real estate agent sooner rather than later. Because if you have a real estate agent at your side, you can check out a wide range of residences and boost the likelihood of discovering your dream home.

A real estate agent can help you get ready for a home showing and offer plenty of insights into the housing market. This professional also will walk through a house with you during a showing and is prepared to respond to any concerns or queries. Perhaps best of all, if you want to submit an offer on a house after a showing, a real estate agent will make it simple to put together a competitive homebuying proposal.

Make your homeownership dream come true – attend a house showing, and you can increase your chances of finding a terrific residence that you can enjoy for years to come.




Tags: Buying a home   showing  
Categories: Uncategorized