Don’t Goof up the Process of Buying a Home in Anchorage – Steps for a homeowner

Posted by Dan Wolf on Friday, April 12th, 2013 at 11:37am.

Turning the key into a lock that no landlord has access to, painting your home bright red and reading in hammock in your own backyard – what could be more intriguing than taking the big leap from a renter to a homeowner? Amongst all the excitement, getting swept up is a wonderful feeling but there are some first-timers in Anchorage who lose their heads and goof up the entire process. If you’re a prospective homebuyer in Anchorage, did you just wait to take a look at the bigger picture? According to recent reports, the assessed value of duplexes, triplexes and fourplexes in Anchorage raised 5-6% over the past few years and this is a sign that says that the real estate market here is bouncing back after the recession.

Homes for sale in Anchorage Alaska

The real estate market analysts say that the Anchorage real estate market is better off than most others across the nation and the Anchorage property values are gaining momentum gradually. The average value of a single family home in 2013 is $319,000, which is up from $315,000 in 2012. In the last year, the duplexes, triplexes were the ones that hit with foreclosure and also were listed among the homes for sale in Anchorage during the recession. If you’re someone who is eager to buy an Anchorage Alaska real estate property, this article is perhaps the best that you can consider.

Smart steps that the Anchorage homeowners should take

Would you want to be one of those people who can jeopardize everything by taking a single wrong step? You certainly wouldn’t! In order to make your first home a luxurious place to live in, here are some steps that you should take.

  • Don’t splurge on remodeling the furniture: As you’ve taken out a mortgage loan for buying your home, it is most likely that you had to put down a sizeable amount on the closing costs and the moving expenses. As money is tight for most prospective homeowners, not only are their savings washed-out, their monthly installments are also high indeed. Everyone wants to customize a new home and upgrade things but make sure you don’t go for a massive spending spree to everything at once as this will be a burden as a new homeowner.
  • Hire qualified contractors: When saving money is the order of the day, you shouldn’t make the mistake of repairing things yourself when you aren’t qualified enough to do so. Your home is a place to live in and to invest at the same time and therefore it will certainly need the same level of care that anything else would need. Therefore, it is certainly better to hire professionals to do the work that you can’t do on your own.
  • Get your real estate property insured: Before you place your hands on a real estate Anchorage Alaska property, you should ask for the property insurance policy from the mortgage lender. But that isn’t the only coverage that you might need as a homeowner. If you share your Anchorage home with a person who relies on you, you should get a life insurance policy too.

Purchasing a turn-key in Anchorage – What are your prospects?

There are various people who are looking for ways to purchase a turnkey Anchorage business in order to start off on their own. If you’re looking for a turnkey at $50,000-100,000, this might become a tough option for you. Depending up on the type of business that you set up, there are various other kinds of opportunities. If you’re looking forward to purchasing a coffee business, you might expect to pay around $35,000 - $100,000 and with a hair salon; you’ll probably require paying around $55,000-$135,000 at the low end. Anchorage has been fortunate enough to offer us a fairly stable turnkey market in 2013.

Therefore, if you’re in the Anchorage market for real estate investment, take into account the above mentioned points. Choose the best Anchorage Alaska real estate property only after calculating ‘how much house can I afford’ so that you don’t make the mistake of choosing a house that is way above your means. To know more on calculators that can help you simplify your decisions, you might visit http://www.mortgagefit.com/calculators/.

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