Maureen Harmonay - Coldwell Banker Residential Brokerage



Posted by Maureen Harmonay on 10/17/2017

Smart investors buy real estate like residential homes to upgrade the properties then sell them at a profit. Investors, including private individual investors, also buy residential homes so that they can rent the properties. The second option affords real estate investors the chance to own property without the burden of making monthly mortgage payments.

Advantages tied to home ownership

Some could argue that this isn't such a great option, as homeowners are still responsible for keeping their houses up to local code. People who buy and rent houses are also responsible for making certain repairs to the property.

The types of repairs that they are liable or depend on the rental contract. For instance, some people who rent their houses offer to cover the costs of major repairs. That agreement alone could cost owners of rental properties thousands of dollars a year.

However, there's a workaround for that. That workaround involves conducting thorough background checks on each potential renter. By only dealing with responsible renters, people who pay their bills on time as well as people who don't have a history of committing civil or criminal infractions, homeowners could reduce the likelihood that the houses that they rent will be damaged. 

More uses for a house you own

But, renting houses that you own isn't the only benefit associated with owning a home. Here are a few other benefits that you could come into after you buy a house:

  • Event planning - You don't have to be a professional event planner to start using your private property to host events. For starters, you could host family high school and college graduations at your house. Other events that you could host are holiday celebrations and weddings. Of course, should you decide to become a professional event planner, you'd already have a property to start hosting events at.
  • Small business - Instead of turning a walk-in closet or a single room into a home office, you could turn your entire basement or your garage into a small business area. Types of businesses that you could operate in these spaces are in freelance writing, technology, hair salon or catering.
  • Pets - As a homeowner, you may have more room to care for large pets.
  • Rent-less lifestyle - After you pay off your house, not only will you be mortgage free, you also won't have to concern yourself with paying monthly rents.

Taking a realistic look at home ownership benefits

Being responsible for major repairs and house upgrades are two drawbacks to buying houses to use as rental properties. Yet, those same responsibilities apply if you buy a house and don't rent it out. You also don't have to use a house as a rental property.

Additional benefits associated with owning a house include the chance to deduct property taxes and the ability to own a house without having to think about rising rents. After you own a house, you also won't have to clear how long visitors stay at your place with a landlord.

Another advantage that you could gain should you decide to buy a house is the chance to leave your home to your adult children or to another loved one. Not only does this keep the property in your family estate, it potentially lowers the overall debt of the person who you will the property to.




Categories: Uncategorized  


Posted by Maureen Harmonay on 10/12/2017


64 West Rd., Petersham, MA 01366

Single-Family

$420,000
Price

11
Rooms
4
Beds
2
Baths
The Wing Spooner House, an 18th century post & beam farmhouse nestled amid stonewalled perennial gardens, pear and apple trees, grassy open fields, and woods, with distant views of Mount Grace. One of the treasures of this country estate is a 20-year-old radiant-heated 24' x 36' barn built by Hardwick Post & Beam, equipped with 220 electrical and a state-of-the-art Buderus boiler to enable year-round workshopping or crafts-making, and a second story finished studio loft for artistic or musical pursuits. The home's numerous improvements include a new roof, recently painted exterior, and updated heating and electrical systems. Its interior is an authentic blend of old and new, with beautifully refinished wide pine floors, built-ins, handhewn beams, five fireplaces, and an attached potting shed. The modern kitchen has stainless Maytag and Miele appliances, and a comfortable breakfast nook. Sellers have an approved plan for a new 4-bedroom septic, to be installed prior to closing.
Open House
Sunday
October 15 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 64 West Rd., Petersham, MA 01366    Get Directions

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Categories: Open House  


Posted by Maureen Harmonay on 10/12/2017


64 West Rd., Petersham, MA 01366

Single-Family

$420,000
Price

11
Rooms
4
Beds
2
Baths
The Wing Spooner House, an 18th century post & beam farmhouse nestled amid stonewalled perennial gardens, pear and apple trees, grassy open fields, and woods, with distant views of Mount Grace. One of the treasures of this country estate is a 20-year-old radiant-heated 24' x 36' barn built by Hardwick Post & Beam, equipped with 220 electrical and a state-of-the-art Buderus boiler to enable year-round workshopping or crafts-making, and a second story finished studio loft for artistic or musical pursuits. The home's numerous improvements include a new roof, recently painted exterior, and updated heating and electrical systems. Its interior is an authentic blend of old and new, with beautifully refinished wide pine floors, built-ins, handhewn beams, five fireplaces, and an attached potting shed. The modern kitchen has stainless Maytag and Miele appliances, and a comfortable breakfast nook. Sellers have an approved plan for a new 4-bedroom septic, to be installed prior to closing.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Maureen Harmonay on 10/10/2017

Entering the housing market for the first time can be daunting, particularly for those who want to quickly and seamlessly buy a top-notch residence at an affordable price.

Lucky for you, we're here to help you streamline the process of navigating the homebuying process.

Now, let's take a look at three vital tips to help a first-time homebuyer acquire a residence that matches or exceeds his or her expectations.

1. Analyze the Housing Market

The housing market constantly changes, and as a result, differentiating between a buyer's market and a seller's market can be tough. Fortunately, a homebuyer who analyzes the real estate sector closely should have no trouble discovering a variety of outstanding houses at budget-friendly prices.

To assess the housing market, you'll first want to look at the prices of residences that are currently available. This will enable you to better understand the prices of homes in cities and towns where you'd like to live.

Next, you should analyze the prices of recently sold houses in your region. With this housing market data in hand, you can find out whether you're preparing to buy a home in a buyer's market or a seller's one.

2. Get Pre-Approved for a Mortgage

A first-time homebuyer may want to get pre-approved for a mortgage. That way, you can prepare a homebuying budget and narrow your home search accordingly.

To obtain a mortgage, you'll want to meet with several banks and credit unions. This will allow you to learn about all of the mortgage options at your disposal and make an informed mortgage decision.

Furthermore, don't forget to share your mortgage concerns and questions with potential lenders. This will enable you to choose a mortgage that won't force you to overspend to acquire your ideal house.

3. Collaborate with a Real Estate Agent

Let's face it the homebuying journey can be long and arduous, particularly for a homebuyer who is exploring residences for the first time. But with a real estate agent at your side, you can remove the guesswork of going from homebuyer to homeowner.

A real estate agent is an expert of his or her craft, and as such, will do everything possible to help you achieve your homebuying goals.

Typically, a real estate agent will meet with you and learn about your homebuying expectations. This housing market professional also will set up home showings, keep you up to date about new residences that fall within your price range and negotiate with home sellers on your behalf.

Perhaps best of all, a real estate agent will help you alleviate stress throughout the homebuying cycle. A real estate agent understands the challenges of buying a house and will do whatever it takes to help you avoid or overcome potential homebuying hurdles.

Don't miss out on an opportunity to purchase your dream residence use the aforementioned tips for first-time homebuyers, and you can boost your chances of acquiring a terrific house without breaking your budget.




Categories: Uncategorized  


Posted by Maureen Harmonay on 10/3/2017


35 Woodside Drive, Bolton, MA 01740

Single-Family

$750,000
Price

10
Rooms
3
Beds
3/1
Full/Half Baths
Privacy lovers paradise! Contemporary cape with high-class upgrades galore, nestled next to the woods and trails of the 187-acre Vaughn Hill Conservation area. Extraordinary eat-in country kitchen with fireplace, custom birch cabinets from Scandia Kitchens, granite counters, 9' island with cooktop and vegetable sink, subzero, and KitchenAid double ovens. A media room or library/office has new built-in bookshelves and french doors to a balcony overlooking a tranquil naturescape. This home offers two master suites--one on the first floor--to accommodate guests or inlaws. The newer 2nd floor master suite has radiant heat, two huge walk-in closets, and a lavish bath with a glass/tile shower, jacuzzi, double sinks, and heated towel racks. Hardwoods everywhere! There is a radiant-heated office or exercise room with mahogany built-ins in the finished lower level. The property is graced with lush perennial gardens and bordered by classic New England fieldstone walls.
Open House
Sunday
October 08 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 35 Woodside Drive, Bolton, MA 01740    Get Directions

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Categories: Open House