Parry Custom Homes Blog

Blog Archive for March, 2018

Is it a bad idea to buy a home while still paying off student loans?

Categories: Buying a Home, Custom Home Builders in Pittsburgh, On your lot builder Pittsburg, Pittsburgh on your lot builder | Posted: March 30, 2018 | Comments Off on Is it a bad idea to buy a home while still paying off student loans?

 

Is now the right time to buy a home?

Is now the right time to buy a home?

The millennial market has been a hot market that has picked up pace in homebuying over the last few years. There are many millennias that have yet to purchase a new home but are becoming increasingly more attracted to the idea of not throwing away money each month to rent. However, sometimes the ever looming debt of high student loans makes millennias hold off on buying a home. Parry Custom Homes, a premier Pittsburgh on your lot builder, shares why student loans don’t need to scare buyers away from investing in a new home that will serve them better in the long run.

Since purchasing a new home is one of the biggest financial decisions anyone will make in their life, it is best to weigh the pros and cons of of buying a new home is the right decision for you.

First, student loan debt goes towards your education, which cannot be taken away. However, if you purchase a house outside what you can afford each month, your house is something that can and will be taken away from you. Make sure you can afford to own a home in the long run.

Second, decide if it makes sense for you to become a homeowner at this stage of your life. Writing a check each month for rent may seem like you’re throwing money away, however piling mortgage debt on top of student loan debt can create a long-term budget crunch that you don’t want to get yourself trapped into, if you aren’t ready financially.

Along with your credit score, your debt-to-income ratio is the most important thing to look at before considering buying a home. It is also the first thing banks will look at before issuing a loan for a home as well. Your loan amount will be dependent upon your ability to repay.

To figure out what your ratio is, add up all of your monthly debts. These debts are things such as your car, student loan, credit card expenses, potential mortgage payment, and then divide that number by your gross monthly income. In order for your mortgage to be backed by the government, this number cannot be higher than 43%.

Low mortgage rates and high rents are what is pushing millennias towards purchasing homes and forgoing renting. However, you need to make sure you are at the right place and time in your life to really put roots down and purchase a home. If you only see yourself staying in your current location for two years, then it is more financially responsible to rent than purchase a home. Until you’re ready to stay somewhere more long-term, it is best to wait on buying a home.

When it comes to down payment options, be educated on what your options are to know which one would work best for you.

First, the down payment size will impact the total cost of your loan. A bigger down payment means you will be borrowing less from the bank, which will lower your monthly payment. It can also lower your interest rate, which will reduce how much you will pay over the life of your mortgage.

The average payment of a conventional 30-year mortgage was 17.5% in the fourth quarter of 2015.

If you don’t have a huge down payment saved up, there are options for as little as 3.5% to be put down towards the down payment of a home.  The Federal Housing Administration will back mortgages for as little as 3.5% down, but will also equate to higher interest rates on the loan. However, with interest rates still so low, many are taking the leap now because it makes more sense.

When figuring out how much money to put down on your home, do not wipe out your savings account to do so. It is good to keep a cushion over things that you may not expect, like closing costs, home insurance and furniture for your new home.

These simple tips can help you determine if buying a home is the right next step in your future.

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information about this floor plan option, or to view other homes in our portfolio that may suit your new home needs.

Create A Mediterranean Garden Setting Outside Your Parry Home

Categories: New Homes in Pittsburgh | Posted: March 16, 2018 | Comments Off on Create A Mediterranean Garden Setting Outside Your Parry Home

Pittsburgh on your lot builder

Mediterranean gardens are popular in both big and small homes, due to their ability to adjust to all kinds of environments. It is not difficult to create a Mediterranean setting in the garden of your Parry home. All you need is a good design layout to get things going. Here are some of the things to incorporate into the design for the garden of your new home in Pittsburgh.

One distinct feature in most Mediterranean garden is that the vines just crawl out and cover the outside of the walls. You may want to install vines in near the walls of your Parry home so that they get to cover the outdoor wall area within a few weeks.

While you let the vines take control of the walls, you then want to focus your attention to the grass of your homes lawn. Mediterranean lawns have well maintained lawns and they do this with paved pathways and geometric patterns. You may want to create a pattern in the lawn of your Parry home too. It is easy to research the patterns and styles that are available for you to follow.

Add potted blooms. Most of the flowers present in Mediterranean gardens are situated in post and boxes, so you may want to place your blooms in containers to create the same look. Some of the flowers you can use are roses and carnations as well as lavender. These kinds of blossoms will attract butterflies to the garden of your Parry home. You can position the blooms in such a way that they help pave the pathways of your homes lawn.

Don’t forget to add outdoor seating in the midst of your Mediterranean garden. Whether you choose a love seat or glider, make it something comfortable that you and your neighbors will want to linger in and enjoy the evening breezes of Pittsburgh summers. Add some colorful pillows for extra comfort and style.

By adding these few easy ideas to your Parry home, you can have a beautiful Mediterranean garden to relax and enjoy this summer and for years to come.

Need to get your home first impression ready for the spring market?

Categories: On Your Lot Builder Pittsburgh, Pittsburgh on your lot builder | Posted: March 9, 2018 | Comments Off on Need to get your home first impression ready for the spring market?

 

Home For Sale in Pittsburgh

Parry Custom Homes

Spring is on our doorstep and if you are planning to sell your home this spring, chances are you have been spending the winter months preparing the inside to be buyer ready. However, everyone knows a first impression is make or break when it comes to shopping for homes. Is your homes exterior ready for its close up? Parry Custom Homes, a premier Pittsburgh on your lot builder, shares tips on how to get your home ready to make the best first impression it can on buyers.

The first step as you might have guessed for getting your home ready for its up close and personal visit with prospective buyers, is to clean, clean, clean. This means, cleaning all of your exterior windows, your front door, giving your deck, driveway and anywhere else that may need it a good power washing as well.

You will also want to do the lawn aesthetic items, such as trimming your bushes, moving your lawn and cleaning up and flower beds that may have gotten ruined from the winter months. You can also use your garden hose as a type of power-washer for your fence, sidewalk, driveway and so on.

Next, if you aren’t going to re-paint your homes exterior as a whole, be sure to give a fresh coat of paint to the accent areas of the home. Focus on your trim, front door, shutters and anywhere else that might need some TLC in the painting department.

Consider adding a touch of new to your front doorway, buy adding some elegant metal door numbers to the front of your home. A nice new front door rug and a seasonal wreath are also great touches that say “welcome home” to buyers.

Another great inexpensive update is to change out and update your light fixtures on the exterior of your home. Most home décor centers have nice light fixtures for around $20 and they can really make a big difference in terms of look and even the light that is given off at the front of your home.

If you have a front porch on your home, be sure to show that off with some great furniture, a rocking chair or seat. This is a great way to show off outdoor living space on the front part of your home.

Lastly, be sure to bring some life to the front of your home by either planting some flowers or placing potted flowers in planters at the front door.  This is a great way to welcome spring and have your home be one of the first to reflect that!

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information about this floor plan option, or to view other homes in our portfolio that may suit your new home needs.

Savvy Gardeners Understand Climate and Weather

Categories: Homeowner News, Homeowner Tips, New Homes in Pittsburgh, Pittsburgh on your lot builder | Posted: March 2, 2018 | Comments Off on Savvy Gardeners Understand Climate and Weather

 

Spring Gardening Tips

Spring Gardening Tips

If the impending spring season and warmer temperatures have you ready to get in your garden, be sure to study up on what plants will work best in your environment. Savvy gardeners keep one eye on the sky and the other on their plant beds. They give nature a nudge by understanding the climate, learning how to read the weather and then creating a landscape that fits. Parry Custom Homes, a premier Pittsburgh on your lot builder, shares information on how to grow the best garden possible.

It’s good to know what the weather is doing, why it’s doing it and what it will do next. If you go with your climate and soil, your garden will be much more successful and if you choose the appropriate plants and tend to them well, you’ll save money because there’ll be fewer failures.

Learning how to read clues about upcoming weather can result in a more productive garden.

You can predict whether there will be a frost by noting the temperature and the rate it changes at dusk, can predict whether dew will form. Calculate the atmospheric humidity and you’ll know how likely it is to rain or snow. Watch the clouds for approaching weather fronts and gathering storms.

Soil and climate are closely linked. At the extremes, desert soils are sandy while tundra soils are low in nutrients because vegetation is so limited.

The more sand you have, the faster it will drain, so you might need to irrigate. Clay retains water and is very fertile because it stays wet it tends to be cold in spring, so you can’t work it or plant it early in the year.

Silt is very fertile. Loamy soil, which is best of all, has approximately equal parts of clay, sand and silt.

Then there are microclimates, which can vary depending on the size and shape of your property.

Lower terrain may have lower temperatures than higher terrain. Exposure to sun and wind can create a dry microclimate even in areas with adequate rainfall.

When you have a few days of unexpected 65-degree weather, people may think they can plant. But nature has a way of getting even and it’s best to stay with the tried and true. Things aren’t what they used to be, but nobody can be certain what the weather is moving toward.

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information about this floor plan option, or to view other homes in our portfolio that may suit your new home needs.