Jones Group REALTORS®



Posted by Larry Miller on 5/19/2019

For years, people have believed that their new home purchase is the same kind of investment as their 401k or stock and bonds. Even with the obvious drops in prices during and since the economic crash, many buyers continue letting their home be their only retirement asset. The main property you live in should be left out of your retirement investment math and planning, and you're about to learn why.

So, What’s the Big Deal?

Compared to other types of investments, the long term returns on your home purchase is nearly zero. Between the property taxes, changes due to inflation, interest on your mortgage and the cost of repairs or upgrades to the home you absorb most if not all or even more than the home's property value. Contrary to popular belief, the value of most property doesn't increase faster than inflation, at least according to history so far. Besides, that massive down payment you put together at the outset isn't earning any interest, and the other monies paid in are also tied up in the “investment” but not actually earning anything back.

OK, So Why Buy at All?

Buying a home isn't the best plan for your retirement plan, but there are plenty of other reasons to make a home purchase. You buy in order to have a place that is your own; a base from which to create your community, raise your family and establish your presence in an area for years to come or to have something of your own to pass on to your descendants. Here are some of the most common reasons to buy a home:

  1. The Joy and Pride of Ownership: Properties lived in by owners often are kept in better condition than those lived in by renters. Owners see the house as part of themselves and improve them regularly by investing in upgrades.
  2. More Space to Play With: Typically, dollar for dollar, a purchased home has more space for the monthly mortgage cost including outdoor patios and yards than a similarly priced rental property.
  3. Control Over the Looks: When you own a property, you can customize it how you want. Change the paint color or the windows or landscaping as you like. 
  4. Safety and Security: Many homeowners feel safer in their own property. As the homeowner, you have complete control over the security measures in your home.

Should You Buy a Home?

Buying is a significant step in your life but only do it when its right for your financial circumstances. Make sure you understand the home's value both now and in your future and where all that money is actually going. If you genuinely want an investment property, look into purchasing a second property to use as a vacation home or rental property. Since you don't need that property to live in, it indeed is an investment. 

When you think you're ready to buy, contact your local real estate agent to start discussing the particulars. Whether it's your first purchase, forever home or investment property, they are here to help.




Categories: Uncategorized  


Posted by Larry Miller on 5/15/2019


36 Chesterfield Dr., Amherst, MA 01002

Mill Valley

Single-Family

$389,000
Price

7
Rooms
5
Beds
2
Baths
It's a picture book Gambrel Colonial home, sure to be enjoyed by your family. The efficiently designed kitchen has ample storage and counter space for your busy lifestyle. The Living Room has a wonderful fireplace to keep you toasty on those cool nights. The large master bedroom has a perfect spot to read, or just relax and unwind after a long day. The 4 other bedrooms can accommodate your family and guests. Rainy days are fine for the children they'll play in the spacious finished basement or it could be a place to enjoy your crafts and hobbies. The backyard has ample room for a swing set or lawn games. Friends and family can cool off this summer in the above ground pool. This location is so convenient. It's close to the park and only 5 minutes to town center. The bus stop is close by and it's a short distant to the mall or Atkins Farm Market for all your shopping needs. Come and see how well it fits.
Open House
Sunday
May 19 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 36 Chesterfield Dr., Amherst, MA 01002    Get Directions

Similar Properties





Categories: New Homes  


Posted by Larry Miller on 5/15/2019


36 Chesterfield Dr., Amherst, MA 01002

Mill Valley

Single-Family

$389,000
Price

7
Rooms
5
Beds
2
Baths
It's a picture book Gambrel Colonial home, sure to be enjoyed by your family. The efficiently designed kitchen has ample storage and counter space for your busy lifestyle. The Living Room has a wonderful fireplace to keep you toasty on those cool nights. The large master bedroom has a perfect spot to read, or just relax and unwind after a long day. The 4 other bedrooms can accommodate your family and guests. Rainy days are fine for the children they'll play in the spacious finished basement or it could be a place to enjoy your crafts and hobbies. The backyard has ample room for a swing set or lawn games. Friends and family can cool off this summer in the above ground pool. This location is so convenient. It's close to the park and only 5 minutes to town center. The bus stop is close by and it's a short distant to the mall or Atkins Farm Market for all your shopping needs. Come and see how well it fits.
Open House
Sunday
May 19 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 36 Chesterfield Dr., Amherst, MA 01002    Get Directions

Similar Properties





Categories: Open House  


Posted by Larry Miller on 5/15/2019


152 Triangle St, Amherst, MA 01002

Single-Family

$480,000
Price

7
Rooms
3
Beds
1/1
Full/Half Baths
The Captain Lombard House is a circa 1767 pre-revolutionary house with authentic architectural character in Amherst Center. This captivating property has been cherished and well maintained. Original handcrafted features include raised paneling and wainscoting, hand-hewn timber, wide plank floors, hand-carved details and a living room fireplace almost large enough to walk in. This harmonious, light-filled Gass home was moved from the Quabbin to Amherst and meticulously reconstructed board by board in the 1930s. A welcoming four season room with stone fireplace and timber-vaulted ceiling was added later. Inspiring living room large enough for gathering the townspeople to draft declarations. Downstairs are living room, study, dining room, kitchen, half bathroom and four season room. Upstairs are three comfortable bedrooms and a full bathroom. A serene, landscaped yard and stone patio. Central A/C. Walk or stroll to UMASS, Amherst College, restaurants, shops, farmer's market and cinema.
Open House
No scheduled Open Houses

Similar Properties





Categories: New Homes  


Posted by Larry Miller on 5/12/2019

One of the final hurdles to buying a house is making sure your future home is structurally sound. To the untrained eye, the property you've made an offer on may appear to be "close enough to perfect."

However, your excitement over that gourmet kitchen, finished basement, and manicured lawn may be causing you to view your future home with rose-colored glasses!

Fortunately, you can (and should) hire an experienced, licensed professional to thoroughly inspect the property and point out flaws and potential problems that might need to be addressed by the seller -- either in the form of price concessions or repairs. If the seller is unwilling to be flexible in those areas, then you may have the option of withdrawing your offer. Hopefully, it won't come down to that -- especially if you love the house -- but that situation could arise and derail your plans for buying a particular property.

Many real estate purchases do involve a few bumps and detours along the way, but they frequently can be resolved by your real estate agent and/or attorney.

The starting point for identifying structural issues with a house is to have the property inspected by a reputable home inspector. Here are a few of the key areas they'll evaluate and include in their report:

  • Foundation and basement: Cracks, leaks, and signs of instability can often be identified through a visual inspection of the underlying structure of a home. Some issues are relatively minor, while others can be quite costly.
  • Roof and attic: Although most new roofs typically last for 20 to 30 years, time has a way of slipping by when you least expect it! Depending on weather conditions, climate, and falling tree branches, roofs of any age can be subjected to a lot of wear and tear. Since roofs play such a vital role in protecting your home and family from the many forces of nature, it's crucial that your roof be intact, in sound condition, and fully functional. An inspection of the home's attic and/or crawlspace will also reveal actual or potential problems with leaks, mold, roof damage, or infestations.
  • HVAC, electrical, and plumbing: There are a lot of systems that provide homeowners with comfort, convenience, and the ability to meet day-to-day needs. Whether you're talking about major kitchen appliances, hot water heaters, or climate control systems, there are dozens of things an inspector needs to check and keep you apprised of.
  • Exterior checkpoints: Property inspectors will also assess the condition of the outside of the house, as well as drainage efficiency and any visible structural damage or signs of deterioration.
Although all property inspectors should adhere to industry standards and best practices, some are more thorough and efficient than others. It's essential for you to understand the scope of their services, including whether they offer lead paint testing, termite inspection, radon detection, and asbestos testing.

When it comes to home inspections, your real estate agent can not only provide you with professional referrals, but they can also accompany you on the actual property inspection. That will help make sure important questions, issues, and recommendations don't slip through the cracks!







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