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Most Popular New Year’s Resolutions (and How to Finally Keep Them)
Every January, millions of people around the globe set ambitious New Year’s resolutions to improve their lives. Yet, studies show that only about 9% of people feel successful in keeping their resolutions by the end of the year. Why does this happen? Often, it’s not the resolutions themselves but the need for a solid plan to stick to them.
If you want to make life-altering changes that last, this guide is here to help. We’ll explore the most popular resolutions people commit to every year and provide actionable tips to help you follow through. By the end, you’ll feel inspired—and equipped—to make your goals more than just a fleeting promise.
The Most Popular New Year’s Resolutions
New Year’s resolutions often reflect a universal desire for self-improvement and personal growth. Here are the most common goals people aim for each year:
1. Exercise More and Get Fit
A classic resolution, fitness goals are at the top of the list for many. Whether it’s joining a gym, running a marathon, or fitting into an old pair of jeans, people see January as the perfect opportunity to get into shape.
- Why this is popular: Physical health is linked to mental well-being, productivity, and confidence. Starting a fitness routine feels proactive and gives quick, visible results.
2. Lose Weight
Often tied to fitness, weight loss resolutions usually stem from wanting to feel healthier and look a certain way. From low-carb diets to intermittent fasting, January sees a surge in people experimenting with new eating habits.
- Why this is popular: Overeating during the holiday season often leads to a need for detox, making weight loss a natural goal after festive indulgence.
3. Save Money or Manage Finances
From paying off debt to building a savings plan, financial resolutions focus on gaining better control over money.
- Why this is popular: Money woes are one of the leading causes of stress. Starting the year with a financial reset promises peace of mind and long-term security.
4. Eat Healthier
Switching processed foods for more wholesome options and increasing daily fruit and vegetable intake makes this resolution an annual favorite.
- Why this is popular: Many start realizing the link between a balanced diet and how they feel physically and mentally. It’s one of the most straightforward changes to jump into directly after the holidays.
5. Spend More Time with Family and Friends
Modern life can be busy, which often means relationships must be addressed. Every year, many resolve to prioritize their loved ones.
- Why this is popular: The holidays often remind people of the importance of family and friendship, fueling the desire to strengthen these relationships into the New Year.
6. Quit Smoking or Drinking (or Other Unhealthy Habits)
For those wanting to break free from addictive behaviors, the New Year offers a clean slate to finally make a change.
- Why this is popular: People realize how much unhealthy habits affect their overall well-being but often need that symbolic January 1st to take the leap.
7. Learn a New Skill or Hobby
From playing the guitar to learning coding, individuals aim to expand their horizons with new skills that either enhance their professional toolkit or bring them personal joy.
- Why this is popular: There’s an intrinsic need for growth and achievement. New Year’s resolutions like this can breathe fresh excitement into life.
8. Travel More
Whether it’s exploring another state or backpacking through Europe, seeing more of the world is high on the wish list for many resolution-makers.
- Why this is popular: Adventure, relaxation, and broadening one’s perspective appeal to people seeking balance or escape from their busy lives.
9. Be More Mindful or Practice Self-Care
This resolution focuses on mental well-being through meditation, therapy, journaling, or prioritizing self-love.
- Why this is popular: With the growing awareness of mental health, more people recognize self-care as a necessity rather than a luxury.
10. Declutter and Get Organized
Decluttering physical spaces and mentally organizing priorities help people feel more in control.
- Why this is popular: An organized environment often translates into an organized mind, creating a sense of clarity and calm.
Tips for Keeping Your New Year’s Resolutions
Now that we’ve covered the most common resolutions, how can you be one of the few who actually keeps them? Here are our top strategies:
1. Be Specific with Your Goals
“Lose weight” or “save money” is too vague. Instead, set specific, measurable goals like “Lose 10 pounds by March” or “Save $5,000 by the end of the year.” By setting clear benchmarks, it’s easier to track your progress.
2. Start Small
Ambitious resolutions are great, but starting too big can be daunting. Begin with manageable steps. For example, if your goal is to exercise more, start with three 15-minute workouts per week and gradually build up.
3. Create a Plan
Successful people don’t rely on willpower alone—they have a plan. Break your resolution into actionable steps and set realistic deadlines. Use tools like planners, apps, or habit trackers to keep yourself accountable.
4. Celebrate the Small Wins
Don’t wait until you’ve achieved the final goal to pat yourself on the back. Celebrate every milestone along the way—it’ll keep your motivation high.
Example:
- If you save $500 of your $5,000 goal, treat yourself to a small reward like a favorite dessert to acknowledge your progress.
6. Find an Accountability Partner
Having someone cheer you on or check in with you (whether it’s a friend, coach, or online community) will increase your chances of staying on track. Sharing your goals makes you more likely to stick to them.
7. Be Prepared to Adjust
Sometimes, life happens. Unexpected situations may force you to reassess. If things aren’t going to plan, don’t quit altogether—just adapt. Reevaluating and making changes are part of the process.
8. Practice Patience
Remember, lasting change takes time. Keep going if progress feels slow. Consistency beats intensity—keep showing up little by little every day.
9. Visualize Your Success
Picture what achieving your goal will look like and, more importantly, feel like. Visualization can be a powerful motivator. For example, imagine yourself feeling confident in your favorite outfit after sticking to healthier eating habits.
10. Track Your Progress
Logging your efforts gives you insights into what’s working and what can improve. Use apps, journals, or a notebook to identify patterns and successes.
11. Remember Your Why
The “why” behind your resolution can be your most powerful motivator. Want to exercise more? Remind yourself it’s to have the energy to keep up with your kids. Keep your “why” front and center.
Your Year, Your Goals, Your Success
New Year’s resolutions don’t have to be short-lived promises. With the right mindset, a solid plan, and actionable steps, you can achieve whatever you set your heart on this year.
The first days of January come with unmatched excitement and opportunity—use it to your advantage. Start small, celebrate your wins, and always keep your “why” in mind.
If making a move is one of your resolutions, I can put my many years of experience in real estate to work to make your resolution a reality! Give me a call! Liz Norvelle 928-458-4025.
Mastering the Art of Making an Offer
Buying a home is a monumental step in anyone’s life. It’s an exciting yet nerve-wracking process requiring patience, wisdom, and strategic planning. If you’re a home buyer preparing to make an offer, you’ve come to the right place. This guide will give you essential insights and practical tips to help you confidently make an offer that stands out and meets your financial and personal needs.
Understanding the Housing Market
When making an offer on a home, knowledge is power. Before considering an offer, you must have a solid grasp of the housing market you’re entering. This can significantly influence your offer strategy and overall home-buying experience.
First, familiarize yourself with current market trends. Is it a buyer’s market or a seller’s market? In a buyer’s market, where there are more homes for sale than buyers, you might have the upper hand and can negotiate a lower price. Conversely, competition is fierce in a seller’s market, and you may need to offer more than the asking price to secure your dream home.
Additionally, research the neighborhood. Look at recent sales of similar homes in the area to gauge what you might expect to pay.
Finally, stay updated on economic indicators that affect housing, such as interest rates and local employment trends. These factors can impact both the price and availability of homes, guiding you in making a timely and informed decision.
Determining Your Budget
Defining a comfortable budget is paramount before making an offer. This step ensures you’re financially prepared for homeownership’s immediate and long-term commitments.
Start by assessing your financial situation. Calculate your monthly income, expenses, and savings. It’s crucial to have a clear picture of what you can afford without compromising your lifestyle. Remember to consider mortgage payments, property taxes, insurance, and maintenance costs.
Next, get pre-approved for a mortgage. This step not only helps solidify your budget but also signals to sellers that you’re a serious buyer. A pre-approval letter can make your offer more attractive than those who still need financing.
Finally, establish a maximum offer limit and commit to it. Getting swept up in the excitement of finding a home is easy, but sticking to your budget is essential to avoid future financial strain. Keep in mind that your dream home should bring joy, not stress.
Consulting with a Real Estate Agent
A knowledgeable real estate agent is an invaluable asset in the home-buying process, especially when it comes time to make an offer. Their expertise can help you navigate the complexities of negotiations and paperwork.
Begin by selecting an agent who specializes in the area you’re interested in. They will deeply understand the local market, including property values and neighborhood dynamics. This knowledge is crucial for determining a competitive offer.
Once you’ve chosen an agent, collaborate closely with them. Share your budget, preferences, and any concerns you have. They advocate for you and provide guidance tailored to your needs. They can also offer insights into the seller’s motivations, which can be a valuable bargaining chip during negotiations.
Additionally, rely on your agent’s negotiation skills. They can help you craft an offer that balances being competitive with not overextending yourself financially. Remember, they aim to help you secure your ideal home at the best possible price.
Crafting a Competitive Offer
Crafting a competitive offer is both an art and a science. It’s about striking a balance between appealing to the seller and protecting your interests as a buyer.
Firstly, consider the home’s market value and your budget. Your offer should reflect both, ensuring it aligns with current market conditions. Be strategic but realistic—the seller might disregard an extremely low offer.
Secondly, tailor your offer based on the seller’s motivations. Sometimes, it’s not just the price that matters. The seller may want a quick closing, or they’re attached to certain furnishings. Your real estate agent can help uncover these motivations and suggest appealing terms.
Lastly, include contingencies to protect yourself. Common contingencies involve financing approval, satisfactory home inspections, and appraisals. These safeguards allow you to back out or renegotiate the deal if necessary, ensuring your interests are well-protected.
Navigating Common Pitfalls
The road to homeownership can be bumpy, with potential pitfalls. Being aware of common challenges can help you avoid them and keep your home-buying process on track.
One pitfall is neglecting to account for additional costs. Focusing solely on the purchase price is easy, but remember to budget for ongoing expenses like property taxes, insurance, and utilities.
Another challenge is getting emotionally attached too soon. While getting excited about a potential home is natural, keep a level head until the deal is finalized. This mindset will help you stay objective during negotiations and avoid making hasty decisions.
Finally, make sure to read the fine print. Contracts can be lengthy and complex, but every detail matters. Take the time to read and understand all legal documents before signing to prevent surprises.
Let Me Help
Making an offer on a home is a significant step in home-buying. You can confidently craft a competitive offer by understanding the market, determining your budget, consulting with professionals, and conducting thorough inspections. As you prepare for negotiations, manage your finances, and finalize the deal, stay focused on your goals and priorities. By navigating potential challenges and celebrating your new home, you’ll successfully transition into homeownership with confidence and peace of mind. Remember, knowledge is your greatest ally on this exciting journey, so arm yourself with information and enjoy the adventure of finding your dream home. Give me a call so we can help you on this journey!
Liz Norvelle
928-458-4025
Where Mold Loves to Hide in Your Home
Mold is more than just an unsightly nuisance; it can significantly impact your health and the integrity of your home. For homeowners, knowing where mold typically grows is the first step in preventing its spread. This guide will help you identify the top five places where mold commonly hides in your home, equipping you with the knowledge to safeguard your living space.
What Is Mold?
Mold is a type of fungus that thrives in damp, humid environments. It spreads by releasing tiny spores into the air, which can quickly colonize new areas if conditions are right. While some molds are harmless, others can cause severe health problems and structural damage.
Mold can trigger allergic reactions, respiratory issues, and even cognitive problems. For homeowners, mold infestations can lead to costly repairs and depreciate your property’s value. Knowing where mold will grow helps you address problems before they escalate.
Mold needs three things to grow: moisture, warmth, and a food source. Leaky pipes, poor ventilation, and high humidity create ideal mold conditions. Understanding these factors will help you take preventive measures.
The Bathroom Breeding Ground
Bathrooms are humid environments, making them prime spots for mold growth. Mold often appears as black spots on grout lines, tile surfaces, and around the edges of the bathtub.
Leaky sinks can accumulate water under vanities, creating a hidden mold hotspot. To prevent mold, regularly check for leaks and repair them promptly.
Steam from showers can cause water vapor to condense on walls and ceilings, fostering mold growth. Using a bathroom fan or opening windows can help reduce humidity levels.
Kitchen Mold Hotspots
Kitchens are another area where mold thrives. Leaks and spills under the sink create a moist environment perfect for mold. Regularly inspect and clean these areas to prevent mold buildup.
Condensation and spills inside refrigerators and freezers can lead to mold. Ensure these appliances are clean, and wipe up any spills immediately. Consider using a dehumidifier if necessary.
Other kitchen appliances, such as dishwashers and coffee makers, can also harbor mold. Regular cleaning and maintenance are crucial to prevent mold from taking hold.
The Hidden Threat in Basements
Basements are often damp and poorly ventilated, making them ideal for mold growth. Check corners and floors regularly for signs of mold.
Mold can develop in HVAC systems and ductwork, spreading spores throughout your home. To maintain air quality, regularly inspect and clean these systems.
Stored items in basements can trap moisture and create mold-friendly environments. Use airtight containers and periodically check storage areas for mold.
Mold in Attics and Crawl Spaces
Attics can hide mold caused by roof leaks and poor insulation. Inspect your attic regularly for leaks and ensure it is adequately ventilated.
Crawl spaces can be damp, dark, and poorly ventilated, making them perfect for mold. Install vapor barriers and ensure proper ventilation to keep these areas dry.
Mold can also grow on wooden rafters and beams in your attic. Regular inspections and maintaining proper ventilation can help prevent mold growth.
Laundry Rooms and Closets
Laundry rooms are another hotspot for mold due to moisture. Ensure your washing machine and dryer are properly ventilated and cleaned regularly.
Wet clothes left in hampers or piles can become breeding grounds for mold. Always dry your clothes promptly and keep laundry areas clean and dry.
Closets can trap moisture, especially if they are near bathrooms or kitchens. Keep closets well-ventilated and avoid storing damp items.
Preventing Mold in Your Home
It is crucial to inspect your home regularly for signs of mold and address issues promptly. Look for leaks, damp spots, and musty odors that indicate mold.
Proper ventilation is essential in preventing mold. To improve airflow, use exhaust fans, open windows, and ensure your HVAC system is functioning correctly.
Dehumidifiers can help reduce moisture levels in humid areas, while air purifiers can remove mold spores, improving overall air quality.
Professional Help and Resources
If you discover a significant mold problem, it’s best to call a professional. They have the expertise and equipment to safely and effectively remove mold from your home.
For small mold issues, you can often tackle the problem yourself. Use protective gear and a mold-specific cleaning solution to clean affected areas thoroughly.
Numerous resources are available online to help you learn more about mold prevention and removal. Websites like the EPA and CDC offer valuable information and guidelines.
Call Liz
Liz Norvelle is a Prescott area real estate professional who can help you navigate the housing market. If you are ready to make a real estate move, call Liz at (928) 458-4025.
Maintaining the Air Quality in Your Home
Breathing Easier in Your Home
Maintaining indoor air quality is an essential but often overlooked component of living happily in your home. It’s an invisible problem, but the costs can add up— from high energy bills to unpleasant health issues.
Tips to improve the indoor air quality of your home
Venting: Many homes have become so energy efficient that they’re also good at trapping dust and other pollutants. Appropriate ventilation is an essential aspect of indoor air quality. Getting airflow through your house will remove stagnant air. Rooms to beware of include venting bathrooms, kitchens, and fireplaces directly outside.
Alarms: Alarms are also helpful for keeping an eye on what you’re breathing. Smoke alarms are necessary for home safety, but carbon monoxide alarms are vital to keeping a silent killer at bay. Finally, periodic radon testing is a good idea. Radon is a radioactive gas that is odorless, colorless, and tasteless. It is a known contributor to lung cancer. You can only know how much is in your home by performing a test.
Replacing Air Filters: Of course, one of the most neglected home maintenance chores is the regular replacement of air filters. Changing air filters is an easy fix and is typically among the most manageable tasks a homeowner can do. Replacing filters increases HVAC efficiency, extends your heating and cooling system’s life, and lowers energy bills.
Air Purifier: If you are susceptible to allergies from dust or even your family pet, an air purifier will help. Consider a dehumidifier in damp areas, such as a basement. A dehumidifier will prevent mold growth.
Keeping your Flooring Clean: Cleaning your floor may seem simple; however, it will significantly improve your air quality. Vacuum both carpets and area rugs once or twice a week using a HEPA filter. A HEPA filter will eliminate allergens like pollen, pet dander, and dust mites. Keep the dust out by putting large floor mats at every door. This barrier will reduce the pesticides, pollutants, and dirt tracked into your home.
Clean Bedding: Bedding, drapes, couches, etc., will attract dust and allergens. Regular cleanings will increase your air quality.
It’s also vital to try to store industrial chemicals such as pesticides, paints, and harsh cleaners outside of the home’s habitable areas.
If you’d like to breathe easier in your home, follow up with these minor home maintenance tasks and inexpensive tools. High air quality is also an excellent selling quality for your home! If you’re thinking about listing soon, get in touch with me today: Liz Norvelle (928) 458-4025
Resources For You:
https://www.health.harvard.edu/staying-healthy/easy-ways-you-can-improve-indoor-air-quality
https://interestingengineering.com/11-easy-tips-to-improve-the-indoor-air-quality-in-your-home
Transforming Your Home for a Quick Sale
Selling your home can be daunting, but with the right staging techniques, you can make your property irresistible to potential buyers. Effective staging not only highlights your home’s best features but also helps buyers envision themselves living there. In this blog post, we’ll explore the top five strategies for staging your house for a successful sale.
Creating a Welcoming First Impression
First impressions are crucial when it comes to selling your home. The exterior of your house is the first thing potential buyers see, so it’s essential to make it as inviting as possible. Start by ensuring your lawn is well-maintained and free of clutter. Trim bushes, mow the grass, and plant colorful flowers to create a vibrant look.
A fresh coat of paint on the front door can also improve your home’s curb appeal. Choose a color that complements the exterior and stands out. Remember to update your house numbers and add a new doormat to welcome visitors warmly.
Enhancing the entryway is equally essential. Declutter the area and add a small table with a vase of fresh flowers or a stylish mirror to create a sense of openness and elegance.
Decluttering and Depersonalizing
When it comes to staging your home, less is more. Decluttering each room allows buyers to focus on the space rather than your belongings. Start by removing personal items such as family photos, memorabilia, and excessive decorations. The goal is to create a neutral environment, allowing buyers to imagine their possessions in the space.
Consider renting a storage unit to keep items you don’t need daily. This will make your home appear more spacious and organized. Clear out closets and cabinets to show off your home’s storage potential.
Depersonalizing your home doesn’t mean making it bland. Instead, opt for tasteful, neutral decor that appeals to many buyers. Simple, elegant touches can make a big difference in creating an inviting atmosphere.
Enhancing Natural Light
Natural light can make a room feel larger, warmer, and more inviting. To maximize the natural light in your home, start by cleaning all windows inside and out. Remove heavy drapes and replace them with light, sheer curtains that allow sunlight to filter through.
Consider adding mirrors strategically to reflect light and create a sense of space. Placing mirrors opposite windows can help bounce light around the room, making it feel brighter and more open.
If your home has limited natural light, use artificial lighting to your advantage. Invest in high-quality light fixtures and combine ambient, task, and accent lighting to create a well-lit, welcoming environment.
Rearranging and Refreshing Furniture
The way furniture is arranged can significantly impact a room’s flow and feel. Start by evaluating each room’s layout and removing unnecessary pieces that cramp the space—reposition furniture to create open pathways and highlight the room’s best features.
If your current pieces are outdated or mismatched, consider renting or borrowing furniture. Modern, stylish furniture can give your home a fresh, contemporary look that appeals to buyers.
In addition to rearranging furniture, pay attention to small details like throw pillows, rugs, and artwork. These elements can add color, texture, and personality to a room without overwhelming it. Choose items that complement the overall aesthetic and create a cohesive look.
Focusing on Key Rooms
While it’s essential to stage your entire home, some rooms deserve special attention. Buyers often spend the most time during a showing in the living room, kitchen, and master bedroom. Ensuring these rooms are staged to perfection can significantly impact their perception of the entire house.
Living Room
The living room is often the heart of the home, where families gather and entertain guests. Create a cozy and inviting atmosphere by arranging furniture to encourage conversation and highlight the room’s focal point, such as a fireplace or large window.
To enhance the room’s appeal, add soft touches like throw blankets, decorative pillows, and a stylish coffee table centerpiece. Keep the color palette neutral and cohesive to appeal to a broad range of buyers.
Kitchen
The kitchen is another critical area that can make or break a sale. Ensure countertops are clear of clutter and only display a few well-chosen items, such as a bowl of fresh fruit or a vase of flowers. Clean appliances thoroughly and consider updating hardware for a modern touch.
Set the dining table with attractive place settings to create a sense of warmth and hospitality. Potential buyers should be able to envision themselves cooking and enjoying meals in this space.
Master Bedroom
The master bedroom should be a serene retreat where buyers can imagine unwinding after a long day. Use soft, neutral bedding and add decorative pillows and throws for a touch of luxury. Clear off bedside tables and dressers, leaving only a few tasteful accessories.
Ensure the closet is organized and spacious, as buyers often prioritize storage. Adding high-end touches, like fresh flowers or a stylish tray, can elevate the room’s appeal.
Conclusion
Staging your home can significantly affect how quickly and profitably it sells. By focusing on critical areas like curb appeal, decluttering, enhancing natural light, rearranging furniture, and highlighting essential rooms, you can create a welcoming environment that appeals to potential buyers. Remember, the goal is to help buyers envision living in your home.
Ready to take the next step? Call Liz Norvelle at (928) 458-4025; she will put her years of real estate experience to work for you. Happy selling!
What To Do When Your House Didn’t Sell
If your listing expired and your house didn’t sell, it’s totally natural to feel a mix of frustration and disappointment. And as you’re working through that, you’re probably also wondering what went wrong and what you should do next.
If you still need to move and want to get it back on the market, here are some things to consider as you look back.
Was It Priced for Today’s Market?
Setting the right price from the start is key. While it might be tempting to try shooting high with your price, that can slow down the selling process big time. If your house was priced higher than others similar to it, it may have turned away buyers. And that’s likely why it sat on the market. As Rocket Mortgage explains:
“Buyer interest in your home is highest when it first comes on the market. That’s why it’s so important to start with the right price on day one. . . If you overprice your house, buyers may just raise an eyebrow and move on to the next listing without even coming for a showing. . . It can be easy to think your home is worth more but try not to let sentimental value color your judgment. Your home’s true value is whatever a buyer is willing to pay for it.”
Was It Easy for Buyers To Tour?
One of the biggest mistakes you can make when selling your house is overly restricting the days and times when potential buyers can tour it. Even though it might feel stressful to drop everything and leave when buyers want to see your house, being flexible with your schedule is important. After all, minimal access means minimal exposure to buyers. ShowingTime advises:
“. . . do your best to be as flexible as possible when granting access to your house for showings.”
Was It Set Up To Make the Best Impression on Buyers?
If buyers weren’t interested in your house, it’s worth taking another look at your home through their eyes. Are there outstanding repairs that may be distracting them? Even if it’s a small thing, some buyers may see it as a sign the maintenance on the home is falling behind.
Just remember, you don’t always need to make big upgrades. Selective small repairs or touch-ups go a long way. Things like tidying up your landscaping, a fresh coat of paint inside, or removing personal items and clutter can work wonders in sprucing up the house for potential buyers. You could also consider staging the home.
Were You Willing To Negotiate?
If there were offers coming in, but you weren’t ready to negotiate, that may be another reason why it didn’t sell. While you want to get top dollar for your house, you also need to be realistic about what your house can net in today’s market. The market is still tipped in a seller’s favor, but the supply of homes for sale is growing and buyers are feeling the sting of higher mortgage rates. So being willing to play ball can make closing a deal a whole lot easier. A skilled agent can help. As Ramsey Solutions explains:
“If you don’t have the money or time to fix home issues, consider offering some other form of incentive to buyers. . . An experienced real estate agent can help you arrange a deal where you and your buyer both come out on top.”
Did You Listen To Your Agent?
If you want an expert’s advice on why it didn’t sell, rely on a trusted real estate agent. Whether that’s the agent you used previously or a new one once the listing has officially expired, a great agent will sit down and take the time to talk it over with you. They’ll want to hear your honest opinion on what worked and what didn’t, and where you want to go from here.
Then, they’ll offer their perspective. This includes tailored advice and effective strategies for re-listing your house to get it sold. As Better Homes & Gardens says, an agent should be your go-to resource in this situation:
“If you’re frustrated with the timeline of your sale, chat with your real estate agent. Agents want what is best for you and the sale of your home, and having open communication about any frustrations will be key.”
It’s natural to feel disappointed when your listing has expired and your house didn’t sell. I would love to meet with you to help determine what happened, and what changes you should make to get your house back on the market. Give me a call! Liz Norvelle (928) 458-4025.
Tips for Saving for a Down Payment
Do you wish the rent you are paying was going into your future? Unfortunately, the down payment required to buy a home prevents people from switching from renters to homeowners. Climbing the “down payment mountain” isn’t impossible. It’s about breaking your essential, challenging, audacious goal into practical steps.
Saving for a down payment on a home can be challenging, especially if you need help figuring out where to start. But with some creativity and discipline, you can save enough for a down payment on your dream home.
Tips for conquering saving for a down payment
Find out where your money goes. You can’t start saving money if you don’t know where you’re spending the money. Track each expenditure for a month or two, no matter how small. Get an objective picture of where you’re spending the cash.
Get specific about how much you need to save. Even if you’re not 100% sure what your down payment needs to be, it’s good to start doing a little math to figure out how much you need to save. Pick a dollar amount and a timeline to hit that dollar amount. For example, a $25,000 down payment in two years totals $1,041/month. Sound unrealistic? Either scale down your home desires to something smaller or scale up your timeline. If you can wait three years, that monthly savings goal drops to $694/month.
Determine the big moves you can make. How much would you save in rent if you’re in a three-bedroom apartment and can handle the idea of scaling down to a one-bedroom one? What about going from two cars down to one? If you can make them work, these sacrifices will significantly impact your savings goals.
Establish a separate savings account. Having a separate account with a “hands-off” attitude is essential. Don’t let your dream home money mingle with your regular checking or savings account. Establish a high-yield savings account with a credit union or money market account to protect and build your savings. Automating your savings is one of the best ways to save for a down payment. This way, you’ll never have to think about it – the money will be there when you’re ready to buy.
Pretend you already have a house payment. Once you determine the approximate amount of a new house payment, start making that payment now. This trick is two-fold. Instead of paying the bank, pay your savings account. It will help you accumulate a down payment faster and ensure you can afford the new house payment.
Mind the risky investment schemes. Once you have a little momentum, it may be tempting to invest some of that cash to make it grow faster. Be prudent about this, as investing in stocks, startups, or high-yield funds can quickly decimate your savings. Be conservative.
Of course, knowing how much home you want to buy is essential when saving up for your down payment. I’m happy to give you an idea of what homes are selling for in your area. In the meantime, check out the various neighborhoods in the Prescott Quad City area. See an up-to-date list of homes for sale in the area here.
Feel free to get in touch at any time if you have questions (928) 458-4025!
Check Out Legend Hills
Growing Prescott Valley Community
Legend Hills is a beautiful new subdivision located at the base of Mingus Mountain northeast of Prescott Valley. It has breathtaking views overlooking Prescott and Prescott Valley, Arizona. This growing community can be found northeast of Prescott Valley off of 89A, on the road you take to Jerome, Arizona, just past mile marker 331.
According to LegendHills.net, as of November 2021, there are 625.95 acres of land in Legend Hills, 378 improved parcel owners, 246 unimproved parcel owners, and 151 custom homes built in the association.
Legend Hills of Prescott Valley, Arizona, is a prestigious community with 2-acre minimums and immaculate homes. Legend Hills offers high-quality contemporary and ranch custom homes. Many of the homes in Legend Hills feature foam insulation in the ceiling and blown insulation in the walls, making them very energy efficient. Other custom features include a central vacuum, custom kitchens, granite countertops throughout, tile and hardwood flooring, wood-beamed ceilings, and tile showers. Many homes have paver brick driveways and patios, beautiful stonework, crushed granite, and individual gates to your home on the exterior of the houses. Legend Hills also provides plenty of space for an oversized RV garage, a perfect way to store your RV and toys safely. This popular community is a horse-friendly subdivision with plenty of land for a barn and horse corrals.
Enjoy stunning views of Mingus Mountain, Granite Mountain, and Bradshaw Mountain from inside your home or from the comfort of a covered patio.
Information regarding the Legend Hills community association can be found at https://legendhills.net/.
See Homes for sale in Legend Hills
About Prescott Valley
Prescott Valley, Arizona, is a family-oriented community located 85 miles north of Phoenix at an elevation of 5,000 feet.
Strong in economic development, the community attracts retailers and restaurants such as Kohl’s, Cal Ranch, Dick’s Sporting Goods, T.J. Maxx, Sprouts, Culvers, Chick-fil-A, Buffalo Wild Wings, and various independent food and shopping choices.
One of the best things about the Prescott Valley area is the no shortage of places to spend your leisure time and be entertained. Attractions such as Fain Park, Mountain Valley Splash Pool, and the state-of-the-art library, as well as special events such as Prescott Valley Days, Balloon Glow, or the Christmas Valley of Lights, will keep you entertained all year.
There are multiple reasons families and retirees have chosen to buy homes and relocate to Prescott Valley. They love the year-round incredible weather, strong work ethics, feeling of community, and the quality educational system. As you can tell, I don’t keep a secret about how much I like Prescott Valley! Call Liz Norvelle today at 928-458-4025!
The Best Ways to Access to Properties for Sale
Buying a home has long been considered one of the most significant and laborious financial ventures an individual can undertake. With the advent of new technologies and more dynamic real estate markets, the methods by which potential buyers access properties have evolved dramatically. Ensuring easy and safe access for home buyers is pivotal to the success of a sale and the satisfaction of home shoppers. Hence, as a real estate professional or seller, knowing the best ways to allow buyers to access the home for sale can be the differentiator that seals the deal.
Whether you’re a seasoned realtor, a private seller, or an innovative tech entrepreneur, this piece will equip you with the tools and knowledge necessary to provide homebuyers with the access they need to make a home-buying decision.
The Importance of Access in Home Sales
Visiting a potential new home is the defining moment for most buyers; it’s where a property transcends its digital or print representation to become a physical space, a possible future. Therefore, facilitating this vital visitation process is not just about logistics but about creating an experience that resonates with the buyer personally and emotionally.
Before the advent of innovative technology, home showings were relatively simple affairs, often requiring the physical presence of the agent, potential buyer, and sometimes the homeowner. Here, we explore the historically used methods of providing property access.
Agent-Guided Tours
An agent-led tour is the most common and safest form of showing. It allows for personal interaction with the potential buyer, where the agent can highlight unique features and answer questions in real time.
Open Houses
Open houses offer a more casual viewing experience, allowing multiple potential buyers to peruse the property simultaneously. While they can be more efficient for the seller, the need for more privacy and security and the question of serious intent from the visitors can be downsides to this method.
Electronic Lockboxes
These smart lock systems allow agents to grant access through a digital key, keeping a log of who enters the home and when. Lockboxes offer a layer of security and convenience for the seller and the agent.
Virtual Tours
With the aid of virtual reality, potential buyers can tour a home from the comfort of their current residence. Virtual tours reduce the need for physical visits and offer an immersive experience that static images cannot.
Self-Guided Tours
Self-guided tours are a newer, innovative approach where interested buyers can schedule a visit and receive a one-time digital key to explore the home at their own pace.
By Appointment Only
Sellers can request 24 or 48-hour advance notice before a showing. Having advance notice benefits the seller but is not always an option for the buyer and their busy schedules.
Limited Access
There are situations when the home is only available for a few hours daily. This is the most difficult way to be able to show your house to potential buyers.
Call Liz
If you have a home you would like to view, call me, and I will find the best way to make that happen! Liz Norvelle (928) 458-4025
By adopting the strategies outlined in this guide, sellers and real estate professionals can streamline the home-buying process and provide buyers with the memorable and informed experiences they seek. The bridge between sellers and buyers has never been more accessible, and the possibilities for property access are as varied as they are exciting.
Why Renters Aren’t Happy
While there are financial benefits to owning a home, two recent studies showed that homeownership’s non-financial benefits might be even more valuable.
In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% of the respondents answered yes, while only 7% said no. The survey also revealed that:
- More than 80% said they wouldn’t go back to renting
- 88% agreed that buying a home is the “best decision they have ever made”
- 79% believed owning a home has changed them for the better
There is “emotional equity” that is built through homeownership. The study concluded that more than half of current homeowners define a home as a place to make memories, compared to 42% who view a home as a financial investment. Besides building wealth, the survey also showed that homeownership enhances the quality of life:
- 67% of current homeowners believed their relationships with family and loved ones have changed for the better since they bought a home
- 78% are satisfied with the quality of their social life
- 82% of homeowners said they were satisfied with the amount of time they spend on their hobbies and passions since purchasing a home
- 75% of homeowners pursued new hobbies after buying a home
Homeowners seem to be very happy. Renters Tell a Different Story…
According to the latest Zillow Housing Aspirations Report, 45% of renters regret renting rather than buying — more than five times the share of homeowners (8%) who regret buying instead of renting. Here are the four primary reasons people regret renting, according to the report:
- 52% regret not being able to build equity
- 52% regret not being able to customize or improve their rentals
- 50% regret that the rent is so high
- 49% regret that they lack private outdoor space
These two studies prove that renting is just not the same as owning.
Becoming Homeowners
But how do you make the transition from renter to homeowner? Here are a few steps you can take to achieve the dream of homeownership.
Establishing a Realistic Budget
Create a budget that considers down payment, closing costs, monthly mortgage payments, and day-to-day expenses. The goal is to strike a balance that doesn’t compromise your financial well-being.
Saving for a Down Payment
Saving for a down payment doesn’t have to be daunting. There are multiple tips to help you:
Automatic Savings: Business Insider suggests direct depositing a percentage of your paycheck into a savings account set aside for your down payment. They state that “the automatic-savings strategy makes it so you don’t have to remember to save money constantly.”
Learn where your money goes: Monitor your current spending to determine where you can trim the fat from your budget. For a month or two, track each expenditure, no matter how small. Get an objective picture of where you’re spending the cash.
Create a Goal: Talk to an agent or lender to determine how much you need to save and work towards that goal. Even if you’re not 100% sure what your down payment needs to be yet, it’s good to start doing a little math to figure it out. Pick a dollar amount and a timeline to hit that dollar amount.
Setup a separate savings account: Keep your dream home money from mingling with your regular checking or savings account. Establish a high-yield savings account with a credit union or money market account to protect and build your stash.
Pretend you already have a house payment. Once you determine the approximate amount of a new house payment, start making that payment now. Instead of paying the bank, pay your savings account. This trick is twofold: It will help you accumulate a down payment faster and ensure that you can afford the new house payment.
Bottom Line of Becoming Homeowners
There are both financial and non-financial benefits to homeownership. As good as the “financial equity” is, it doesn’t compare to the “emotional equity” gained by owning your home. I would be happy to talk with you about becoming a homeowner. Give me a call (928) 458-4025!
