Bo Lee - Coldwell Banker Residential Brokerage

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Posted by Bo Lee on 9/20/2020

Image by Wokandapix from Pixabay

You have looked forward to your retirement your whole working life. It is one of the primary goals you worked for all these years, and now is the time to relax and enjoy its rewards. One of the most important things you may consider after your retirement is finding that perfect home or condo where you will want to live out your days of relaxation. So how do you choose which type of property will work best for you? Weigh the following considerations before making a decision. 

Determine Which Size Dwelling Will Meet Your Needs

The first step in choosing your retirement property is deciding how much home do you want. When it comes to retirement, many people decide to downsize so that they will have fewer expenses and less house to worry about maintaining. But to make the right decision, you will have to consider what you plan to do with your retirement. Are your goals to travel? Do you plan on caring for parents or grandchildren on a regular basis? Do you want a home to entertain? Once you have answered these questions, you will be able to make a better determination of how many rooms and what size home will work best for you. 

Decide How Much Maintenance and Upkeep You Wish to Be Responsible For

Maintenance and upkeep can be extremely costly and also labor intensive if you do it yourself. If you enjoy yard work and general handyman work, then you would be the type of person who is comfortable with more significant maintenance tasks. If you prefer just to relax and leave the yard care and maintenance to others, you may want to consider buying a home with a smaller yard and minimal landscaping or choose a home in a community that offers landscape and maintenance services. 

Choose the Type of Neighborhood That Appeals to You

You will not only have to make some decisions regarding the type of home you wish to have, but also the type of area that you wish to live in. Are you looking for a community with other retirees and amenities to enjoy during your retirement, such as close proximity to a golf course? Or would you prefer a community with a wide range in the age of the residents? When you choose which type of community you wish to live, be sure to research if there are any homeowners associations or community policies and make sure they work well with your lifestyle needs.

Choosing the right property to retire to can be the difference between the retirement you have dreamed of and one that has you still wanting. Make the consideration above to ensure you choose the best property to fit your individual needs. 




Categories: Properties  


Posted by Bo Lee on 9/13/2020

Photo by ESB Professional via Shutterstock

If the thought of getting a mortgage and being in that much debt is stopping you from buying a home, plan to pay it off. Here’s how you can do it in just five to 10 years.

  • Live well below your means. If you can keep your mortgage payment to below twenty percent of your take-home pay, you’re on your way. That means that instead of buying a larger house in an upscale community, buy the nicest one you can in the neighborhood you can afford. When you do this, you’ll not only save on the payment but your energy and maintenance costs will be lower, as well.
  • Take a 15-year mortgage. Instead of the typical 30-year loan, opt for the 15-year choice. Your payments will be slightly higher, but they won’t be double. Use an online mortgage calculator to see the difference in the payment. You’ll be surprised at how much more affordable cutting the loan length in half can be.
  • Use an early mortgage pay-off calculator. Try plugging in different payment amounts to see how quickly you can pay it off. Adding as little as $100 extra each month can massively reduce the years to completion.
  • This next idea is easy if you get paid weekly or bi-weekly. Instead of making your mortgage payment once a month, pay half of it every two weeks. Using this trick allows you to make an entire extra payment each year, cutting months and years off your mortgage. If you do it to match your bi-weekly payments, you won’t even notice the additional payment out of your household budget.

Your Agent Can Help

When you’re looking for just the right house to put your plan into action, your knowledgeable real estate agent can find you the perfect one. Let them know what you’re trying to accomplish so that they match you to the right house at the right time.




Categories: homebuyers   homeowners  


Posted by Bo Lee on 9/6/2020

Image by Marzenna Gaines from Pixabay

With spring just around the corner, your thoughts may turn to enjoying the great outdoors. By making a few improvements, you can create your own restful, outdoor oasis even as you add value to your home.

Research has found that homeowners often gain the most value by improving backyards and investing in outdoor upgrades. Among enhancements you can make outside your four walls, kitchens and living rooms rank as the most popular — and they allow you to move your entertaining outside, where you can enjoy seasonal beauty.

What are some steps you can take to create an appealing outdoor living space?

Upgrade an Existing Patio

Before you begin creating your outdoor common area, consider your goals. Do you prefer a place to entertain or a serene, private retreat — or a combination of both? Your intended use of the space will guide you in choices for design, landscaping and furnishings.

Take a look at your patio or deck structure. Is it stable, sturdy and in good shape? Could it use a comprehensive refurbishment or at least a new coat of paint? 

You may want to take some measurements to ensure that everything you plan to include in your outdoor retreat will fit in the intended space. If you come up a little short, consider working with a contractor to expand or rework your existing patio. Alternatively, you may opt to build a completely new home base for your outdoor living space.

In addition, take a look at the areas surrounding your patio or deck. Are the walkways in good shape? Is there direct access from parking areas to the yard so that guests need not come through your house to join the party? Does the path for foot traffic keep people off your lawn? If you’d prefer a different traffic pattern, now is the time to make changes.

Add Some Personal Touches

Once you’ve created the basic footprint for your new outdoor living area, it’s time to start making the space your own with some personal touches. Start by considering comfortable seating options to accommodate your maximum number of guests.

Beyond seating, the sky is the limit when it comes to appointing your outdoor space. If you love to cook outside, consider adding a full kitchen setup with grilling station to your entertaining area. Enjoy the warmth of a cozy fire on chilly nights? Add a fireplace — complete with pizza oven. Meanwhile, landscaping details such as water features enhance the natural beauty of your outdoor area.

With a little creativity, you can create an outdoor living space that adds value and enjoyment to your home for many years to come.




Categories: Outdoor Garden  


Posted by Bo Lee on 8/31/2020

This Condo in Framingham, MA recently sold for $286,000. This Townhouse style home was sold by Bo Lee - Coldwell Banker Residential Brokerage.


1005 Windsor Dr, Framingham, MA 01701

Condo

$289,000
Price
$286,000
Sale Price

4
Rooms
2
Beds
1/1
Full/Half Baths
Turnkey 2 bedroom, 1.5 bath, townhouse style condo at Windsor Green. Brand new carpet - newer Water heater, windows 2014. Central Air, gas heat and cooking - 2nd level laundry, washer included. Dining Room/Living Room Combo - slider to a private patio with a new shed for outdoor storage. Sunny Kitchen with ample cabinetry and countertop space. Convenient 1/2 bath on the main level. Upstairs are 2 bedrooms with new carpet, walk-in closet, full bath, and attic storage. Great location in community - offering a swimming pool, tennis courts, and playground. The condo overlooks the grassy area, plenty of parking! Great commuter location, close proximity to routes 20, 9, 18 & Mass Pike!

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Tags: Framingham   Real Estate   01701   Condo  
Categories: Sold Homes  


Posted by Bo Lee on 8/30/2020

If your home has lingered on the real estate market for many months, there is no need to worry. Revisit your home selling strategy, and you can find innovative ways to promote your house to the right groups of buyers.

Now, let's take a look at three tips to help you revamp your home selling strategy.

1. Consider the Homebuyer's Perspective

One of the reasons why your house might have failed to generate interest from homebuyers is you have not effectively accounted for the buyer's perspective. Fortunately, now is a great time to take a fresh approach to highlight your home to dozens of prospective buyers.

Think about why you bought your house in the first place. Then, you may be better equipped than ever before to prioritize home upgrades and ensure your residence matches or exceeds buyers' expectations.

Furthermore, it may be beneficial to cut down on clutter inside your house. Because if you have a clutter-free home, you can make it easy for buyers to envision what life may be like if they purchase your residence.

2. Assess Your House Listing

A home listing is important, particularly for a seller who wants to stir up significant interest from buyers. If at first your home listing misses the mark with buyers, you can always revise it as needed.

Ensure all of the information included in your home listing is accurate and up to date. That way, you can help buyers make an informed decision about your residence.

In addition, include high-resolution photographs in your home listing. With top-notch photographs incorporated into your home listing, homebuyers can view each room of your house at their convenience. Plus, these photographs may help you differentiate your residence from other available houses.

3. Reinvent Your Home's Curb Appeal

Curb appeal can make a world of difference in any housing market, at any time. If you enhance your house's curb appeal, you may be able to move one step closer to selling your house.

Trim the hedges, mow the lawn and perform other home exterior improvements as soon as possible. Also, if you need assistance with home exterior upgrades, you can always reach out to landscapers and other home improvement professionals for support.

Hiring a great real estate agent may help you streamline the home selling journey too. In fact, a real estate agent who understands the ins and outs of the housing market can offer lots of guidance as you sell your home.

A great real estate agent will set up home showings and open house events, negotiate with a buyer's agent on your behalf and help you prepare for a home closing. And if you ever have concerns or questions along the home selling journey, a real estate agent is available to respond to them.

Accelerate the home selling journey – use the aforementioned tips, and you can rework your home selling strategy and boost the likelihood of a fast, profitable home sale.







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