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Emphasize Your Decor Style in Seven Easy Ways
After searching decorating books, using trial and error decorating, and growing up a little bit, you have finally found the style of decorating that you really love. Your style could be Arts & Crafts, French Country, Asian, or Metro Hip. If you are...
For Sale by Owner: how to sell your home yourself
'For sale by owner.' Four words that are becoming more and more
common in the real estate market. But it selling your home
yourself the right approach for you? And if so, how do you go
about it?
Let's start with the first question. The "for...
Ready To Sign That Lease Agreement?
The real estate market is booming across the United States, especially in select areas of California as well as Las Vegas. Even the sleepy town of Boise, Idaho is experiencing record breaking primary residential development. Where ever you happen to...
Tennessee Real Estate – Music To The Ears
Tennessee is the state of prairies, towering mountains and country music. Inexpensive Tennessee real estate will also put a jump in your step.
Tennessee
Tennessee is a state with a little bit of everything. Parts of the states are comprised of...
Tips For Buying Timeshare
Want to enjoy an ideal vacation with your friends and family? Buy a timeshare property. Buying a timeshare for a vacation is the best way to enjoy a good holiday out with your family and friends.
First things first, what is a timeshare? When you...
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The Need For Affordable Housing
During the last 3 years, we have experienced a tremendous appreciation in the priced of homes in Palm Beach County, with a 30% increase in the last 12 months. This has created a situation where the average wage earner is not able to afford a home.
The average price for a condo is $155,000, townhouse $185,000 and single family home is $327,000. While these are still affordable to many, there are added costs. For condo's and town homes, the monthly maintenance is on an average $200 a month. For a single family home, the association fees average $150 a month.
The next factor is the tax rate. The rate is approximately 2% of the purchase price. Furthermore, insurance is also an additional factor.
If a buyer purchased a $200,000 town home, he would incur the following monthly expenses. The mortgage would be $1200 a month at a 6% rate, maintenance of $175 and taxes of $330. This results in a total monthly payment of $1705, which is beyond the means of the average consumer.
The major problem the consumer faces, when trying to locate affordable housing is that the cost of a
home is a higher percentage of their take home pay then many can afford. From my personal experience, I have had many clients searching for months for homes to no avail.
The county has recently developed a plan to build affordable housing in a section of Boynton Beach Florida for people who make under $38,000 a year. This is hopefully the start of trend to provide affordable housing for a large portion of the population, who has been unable to find a place to call home.
About the Author: Larry Lang e-PRO REALTOR® (561) 385-0518 llang6@bellsouth.net www.palm-beach-real-estate-homes.com www.lakeworthproperties.net www.palm-beach-florida-real-estate.org Before switching careers in April of this year, I had spent 28 years in reatil sales and management.
Source: www.isnare.com
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