Rachel (Hillman) Foy - Hillman Homes



Posted by Rachel (Hillman) Foy on 6/19/2019

Home prices may vary greatly throughout the country. But, buying a home is most likely the largest purchase you will make in your life.

Deciding just how much to spend on your home isn’t just a matter of numbers--it also depends on your lifestyle and long-term goals.

In today’s post, I’m going to give you a few ways you can help determine how much is a safe amount to spend on your home so that you’ll feel confident moving into the home buying process that you’re making the best decision for you and your family.

Mortgage as a percent of your income

Like most large purchases, buying a home typically isn’t dependent on the amount you have in the bank. Rather, it depends on several factors including your income, credit score, and the type of lifestyle you want to maintain.

One of the simplest ways to determine how much house you can afford is to figure out what percent of your monthly income your mortgage and insurance will be.

For most homeowners, a mortgage payment that is 25% of their income or less is ideal. So, if you earn $6,000 per month, you don’t want your monthly mortgage payment to exceed $1,500.

This “25% rule” does have one flaw, however, and that does not--and cannot--account for each individual’s financial circumstances.

Let’s say, for example, that you earn $6,000 per month, but that you have a large monthly car payment and are trying to aggressively pay off your student loans. You might find that paying another $1,500 toward a mortgage on top of your current bills is bringing you over budget, especially when combined with your other monthly expenses and retirement contributions.

Plan for homeowner expenses

Another caveat to determining how much to spend on a home is that the home itself will require a budget for maintenance. When renting an apartment, repairs are mostly the responsibility of the landlord or property manager.

Homeownership, on the other hand, requires you to make the repairs yourself or hire a professional. And, if you neglect these repairs, you might find that they cost you even more in the long run or drive down the value of your home.

Create a comprehensive budget

Throughout a given person’s life, they’ll experience raises, promotions, layoffs, medical expenses, childcare costs, and any other number of financial changes. While it isn’t possible to foresee all of the financial fluctuations you’ll experience in life, it is always helpful to have a comprehensive budget.

What do I mean by “comprehensive budget”? The goal of a good budget is to know where each dollar of your income is currently going and to have a plan for each cent that you make. This is a proactive approach to budgeting that will give you an exact number for the amount you can afford when it comes to a mortgage payment.

Within your budget, it’s vital to account for things like an emergency fund, retirement, savings for vacations, and so on.

If you take this due diligence, not only will you have a better sense of where your money goes, but you’ll also be confident in knowing exactly how much you can spend on a home.




Tags: Buying a home   budgeting  
Categories: Uncategorized  


Posted by Rachel (Hillman) Foy on 6/12/2019

Vacuum cleaners have been considered an excellent means for most people to clean up their house swiftly. With the increasing need for vacuum cleaners, designers have made incredible changes in the plans of the vacuum’s built-in technology. Till now, there are primarily two kinds, corded and cordless designs. More people tend to substitute the cordless type in the home not only because of a reduced cost but because of the benefits of the cleaner in itself.

Very convenient and lightweight

With no dull imperceptible rod, the cordless vacuum cleaner is much more lightweight with little dimensions, simpler for you to take about and maintain. Using cordless, cable length need not confine you, and is more suitable for portable cleaning anywhere as well as lifting and cleaning up effortlessly.

Better reach

A corded vacuum could reach various places but may find it hard to wash out the walls or get to higher furniture. The cordless version, however, includes two extension tubes, allowing you to reach anywhere and suck small dust and allergens on stairs, upholstery, and crevices economically and efficiently. It's simple to lift to eliminate dirt or dust on the walls or the top of furniture.

Saves energy

Corded vacuums cannot operate without electricity. On the other hand, battery-powered vacuum cleaner will continue working without being fixed in a socket. Operating a cordless vacuum cleaner saves you energy and also offers mighty suction power with each use.

Not specifically for indoor use

A handheld vacuum cleaner may be used to clean the inside of automobiles thoroughly. However, a corded vacuum cleaner has restricted distance it can cover and is not simple to carry. Cordless vacuum is more portable than the usual corded with a detachable handheld, so you can pack this up and build it whenever you want. The vacuum cleaner can also be utilized in the car whenever you want.

The absence of cable clutter

The corded vacuum has a long cable that causes cleaning hassles and difficult to pack up. Cordless vac is more wall-mountable, simpler to store away and zero cable mess.

Amazing run-time

The cordless vacuum cleaner is battery powered, such that you can use it in a situation of is a power failure. With advanced technologies, the cordless handheld vacuum cleaner could sweep the entire house before a re-charging is needed. Most cordless vacuums use lithium-ion batteries which have an extended life, and that means you need not worry about it quitting halfway.

Whatever you desire, clean home or a more comfortable living surrounding, a cordless vacuum cleaner will be a smart option. Cordless vacuums have the edge over the corded vacuum cleaner. If you would like to try out a handheld vacuum cleaner, cordless vacuums will guarantee you a quick and thorough cleaning of the entire home.




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Posted by Rachel (Hillman) Foy on 6/6/2019


128 Worcester Providence Tpke, Millbury, MA 01527

Land

$950,000
Price

24.00
Acres
Commercial
Land Type
Super opportunity to develop on the popular Worcester Turnpike (Rt 146) near the shoppes at Blackstone Valley. Many options for this land, but buyer is responsible for all due diligence for use. Per the building department: Suburban S-2 zone. You can build single family homes and community buildings, such as schools/hospitals. You can also apply for special permits for certain commercial buildings. Some wetlands. Due diligence costs are Buyer’s responsibility
Open House
No scheduled Open Houses

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Tags: Real Estate   land   Millbury   01527  
Categories: Price Change  


Posted by Rachel (Hillman) Foy on 6/5/2019

OPEN HOUSES- SAT 6/8 and SUN 6/9, 12-2pm. WOW, rarely available 2-family on the Newton/Waltham line, each with 2 bedrooms and 1 bath. Large eat in kitchens with gas cooking. Nice hardwood floors throughout. Great for owner occupant or condo conversion. Long driveway can hold 3-4 cars. Nice back yard. Unfinished basement for laundry and storage. ***BONUS- Due to location, occupants can attend NEWTON schools.*** First floor in a lease til Aug 30th paying $1400/month and would like to stay. Second floor has long term tenant-at-will, which will be vacant as of August 1st. Owned by same investor for over 50 years, Property is being sold "As Is.". 2003 Roof, 1st floor have newer 2018 boiler and some updated appliances. Cosmetics needed throughout and front porch needs beam replaced. Offers to be submitted by 10am on Tuesday, June 11th.

More Info on this Property | New Listing Alerts




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Posted by Rachel (Hillman) Foy on 6/5/2019


8-10 Falmouth Rd, Waltham, MA 02453

Multi-Family

$720,000
Price

2
Units
2,568
Approx. GLA
OPEN HOUSES- SAT 6/8 and SUN 6/9, 12-2pm. WOW, rarely available 2-family on the Newton/Waltham line, each with 2 bedrooms and 1 bath. Large eat in kitchens with gas cooking. Nice hardwood floors throughout. Great for owner occupant or condo conversion. Long driveway can hold 3-4 cars. Nice back yard. Unfinished basement for laundry and storage. ***BONUS- Due to location, occupants can attend NEWTON schools.*** First floor in a lease til Aug 30th paying $1400/month and would like to stay. Second floor has long term tenant-at-will, which will be vacant as of August 1st. Owned by same investor for over 50 years, Property is being sold "As Is.". 2003 Roof, 1st floor have newer 2018 boiler and some updated appliances. Cosmetics needed throughout and front porch needs beam replaced. Offers to be submitted by 10am on Tuesday, June 11th.
Open House
Saturday
June 08 at 12:00 PM to 2:00 PM
FIRST SHOWING.....WOW- fabulous location for this 2 -family on the Newton/Waltham line. Each unit has 2 bedrooms and 1 bath. Utilities are separate, so great for owner or investor. Easy access to West Newton Sq and commuter options.
More Open Houses
Cannot make the Open Houses?
Location: 8-10 Falmouth Rd, Waltham, MA 02453    Get Directions

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Categories: New Homes  




Rachel (Hillman) Foy