Parry Custom Homes Blog

Blog Category - Buying a Home

8 Smart Things To Do with Your Money in Your 30’s

Categories: Buying a Home, Homeowner Tips, Pittsburgh custom homebuilders, Pittsburgh New Home Builder | Posted: December 6, 2019 | Comments Off on 8 Smart Things To Do with Your Money in Your 30’s

 

8 smart things to do with money in your 30's

8 smart things to do with money in your 30’s

As a new year approaches, many people find themselves thinking about areas in their life they would like to improve on for the new year. For many it may be to exercise more, lose some weight, or do more reading and less screen time. If you are in your 30’s or nearing them, have you considered making it a goal to focus on what you do with your money? If you’re looking for a Pittsburgh new new homebuilder, chances are you should read on to make sure your money is going where it should. Parry Custom Homes has some great tips for financial advice from TIME for those in their 30’s.

Normally financial advice is given to college or post-college students as they enter their careers. However, by the time most hit their 30’s, chances are they are at a more secure position financially than in their 20’s.

When you are no longer living from paycheck to paycheck, what are the best things to be doing with your leftover money? According to Solari Financial Planning, making savings goals a priority is first. The 30’s tend to be a time where you will need extra savings as you embark on a new home, kids and a car.

Mint and You Need A Budget are two great online tools that allow you to create savings goals and check your progress. If you are planning to buy a new home, it is ideal to have 20% to put down towards that new home. If you don’t have the 20%, you will have to pay for private mortgage insurance (PMI), which can add to your monthly payment for your new home.

It is best to take a look at how much you need to save to put down 20% and then see how to make sure you’re buying a home you can afford.

Another shocking figure if you are planning to have children- the average cost to raise a child is $245,000 and that doesn’t include college expenses. The best way to prepare yourself for these expenses is to start setting aside money as soon as possible.

Insurance in general such as life, heath, home and disability often gets put on the back burner for savings but it is very important to make this a part of your plans to protect not only yourself, but your families’ well-being as well.

If you take all of these tips into consideration, you will be well prepared to take on your 30’s this New Year and for many years to come!

 

 

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.

Buying new construction? Questions to ask

Categories: Buying a Home, Pittsburgh on your lot builder | Posted: November 8, 2019 | Comments Off on Buying new construction? Questions to ask

 

If you are currently one of the many in the market for a new construction home, you have plenty of options at your fingertips compared to buying a resale home. Sales of new homes surged over the past 5 years and it doesn’t seem to be slowing down headed into the end of this year. Higher demand has also risen the prices of new homes over the past couple of years, but there are still ways you can save when purchasing a new home. Parry Custom Homes, a premier Pittsburgh on your lot builder,  shares tips on what to ask when buying a new construction home.

The first question you can ask when purchasing a new home is if there are any financial incentives that are offered if you use the builders preferred lender and title company. Not all builders will be open to negotiating sales prices, but it doesn’t hurt to check especially if you are working with a production builder.

You may be able to save money on the cost of the home or possibly get some negotiated prices on finishes like upgraded flooring. However, be sure to still shop around to other lenders and check on what they are offering and keep interest rates in mind during your decision.

The next question to ask your builder are what are the standard finishes, if there are different versions of the home plan you are interested in or upgrades that you have the option of making. If you are needing to save money but want several upgrades, an option you have would be to buy the standard model of that home and then do the upgrades over time with a contractor on your own. This can save you money and allow you to break the projects out over time, if needed.

Next, be sure to ask what the plans of the community are. Especially if it is a new development, you will want to know where the community currently stands and what the future plans are. If the community you are looking in is brand new, you will want to consider the noise of construction that could be around you for several months, if not years. Also, see how many builders are in the development and what might happen if one builder loses funding and must opt-out. You could be stuck next to lesser-quality homes or homes that are a different style to yours that may not be as desirable.

You will also want to ask what warranties are provided for the home. Most builders will provide a one-year workmanship warranty and then a 10-year structural warranty. You will want to make sure the warranty strictly states what is and isn’t covered so you know what the limitations are for any damages. Also, don’t forget to see about getting manufacturer’s warranties on your household appliances like washer, dryer, hot water heater and so on.

Then, be sure to ask about any HOA fees or Covenants that you will need to be aware of before moving in. Depending on the neighborhood, you may need to take a list of the rules that you have to abide by. Some neighborhoods don’t allow for sheds, in the backyard, private fences or basketball goals in the driveway. If any of the rules that neighborhood has are deal breakers for you, it is something you will want to check-out before moving in.  Also, check to see when HOA dues will kick in if you purchase the home. Some builders cover the fees until the development is close to being completed or fully completed and running.

Lastly, it doesn’t hurt to ask for references of past clients that you can talk with about their experience. It isn’t a bad idea to check Angie’s list or a third-party source, as sometimes the only reviews that you might be given are glowing reviews.

 

If you take the time to ask these questions, you will be sure to make the best decision and cover the critical bases you will want too before signing on the dotted line for your new home.

 

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

 

How to choose the best agent when buying a home

Categories: Buying a Home, Pittsburgh on your lot builder | Posted: August 23, 2019 | Comments Off on How to choose the best agent when buying a home

 

Are you planning to be in the market this fall for a new home? If so, you may find yourself struggling on finding an agent to help you along the home buying process. The relationship you have with your agent will be one you want to be sure you are comfortable with and trust, as the home buying process can often have unexpected twists and turns before you are finally handed the keys to your new home. Since choosing the right agent is such an important decision and one of the first you have to make in the home buying journey, it’s best you know what to ask in advance to make the right decision the first time. Weston Dean Custom Homes, a premier Pittsburgh on your lot builder, shares questions you should ask when you meet with your potential agents.

It is always good to have some questions prepared when you go to meet with an agent to make sure they meet the criteria you will want to have in a buyer’s agent. Some good questions to as are:

How long does it typically take for buyers you work with to find and close on a home?

This question will let you know if he mostly deals with buyers who want to move quickly and do a lot of research independently, or if he has buyers that take a year or long it will show that they are more patient and will let the home-buying process run its course. Depending on what track you are on, the fast track or the leisurely one, could help determine if they would be a good fit for you.

What areas do you do most of your business?

Agents typically have certain towns or cities where they tend to do most of their business. Depending on where you are wanting to look and if you have certain towns or school districts you want to move too, someone who is well-versed and knows the areas you are most interested in will be the best fit for you and might have more insider knowledge on homes that are coming to the market that you may be able to see in advance or have an advantage over.

How do your showings work?

Depending on your area, some locations or agents rely on open houses for showings, why others need private appointments with an agent to privately see the home. In many markets with inventory going off the market just as quick as it comes on, having an agent that can make themselves available to you the same day a home comes on the market if need be is something you will want to keep in mind.

What is the best way to communicate and find properties?

Buyers no longer rely on agents to find properties anymore like they did in the past. Especially in markets where the inventory is moving quick, agents will encourage their buyers to look for homes online on their own and often give them access to their local MLS so they can get alerts based on homes that meet their criteria and let the agent know if they are interested in looking.

Do you work independently or with a team?

Be sure to ask your agent if there is a team of people they work with, if they have an assistant or if they work independently. If your agent has an assistant or junior agent you may end up working with, you will want to know that in advance as they might not have the experience you need when looking at a home and wanting their feedback.

 

The best way to ensure a good relationship with your buying agent is to make sure you know how they work best and how they expect you to work and connect with them in regards to homes you are interested in. As with any good relationship, communication is key especially at the start. So, once you have found an agent that you feel checks of the boxes of what you need, then you can begin the exciting process of buying a home!

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

How to negotiate repairs after a home inspection

Categories: Buying a Home, Pittsburgh custom homes | Posted: July 19, 2019 | Comments Off on How to negotiate repairs after a home inspection

 

If you are like most buyers and sellers in the market, you probably are under the impression that the deal you get on your new home is done at the signing of the contract. However, there are often several places throughout the home buying process where you can make deals and save money, if you know where to negotiate and when. Parry Custom Homes, a local homebuilder for Pittsburgh custom homes, shares what to look for during the process of buying your new home and opportunities you may have to save money throughout the process.

The most common issues that arise in the home buying process are during the inspection process, because these issues normally result in another round of negotiations for credit or fixes that will need to be done to the home. Below are some tips you can use if you run into this issue when buying a home.

The first step you will want to take is to ask for a credit for the work to be done to your new home. Most of the time sellers are interested in moving out of their current home and into their new one, and sometimes repairs and slow down the process or just be a burden with so many other things on the plate of both parties.

This is also a benefit because you will have control over who does the repairs and what is done. The sellers might not choose the company or be as diligent in the repairs as you will. So it will be a benefit to you to include that cash-back credit at the close of escrow so you can use that money to complete the repairs that need to be done on your own after you move in. Doing it this way also saves a lot of time as well, if you are in a time-sensitive situation.

Be sure to think about your new home in the big picture. If a bathroom needs to be renovated or there is a leaky faucet or there is some damage on the floors that you will want to fix down the road, also take those into the negotiating room as a credit to fix this issues and help you offset some closing costs.

The next thing you will want to keep in mind is to keep your plans to yourself when it comes to doing your home inspection with your agent and the inspector. If your listing agent knows your comfort level and your intentions, that could come back against you in further negotiations. So play it say and keep plans to yourself during the inspection process.

Lastly, keep your eyes wide open when it comes to your original contract. Never agree on a contract price if it will be negotiated down after inspection. If your property inspection comes back without flaws, you will have no leverage to negotiate the cost down especially in a competitive market. When the market is as competitive and busy as it is now, attempting to negotiate after the initial agreement when no issues have been found can have the sellers looking to move on to the next buyer.

So be sure to go into escrow with your eyes open during the entire process. Your new home won’t officially be yours until money changes hands and the deed is transferred. So, stay on your toes from the beginning and negotiate where and if you are able. Taking these tips into considering during the buying process will help you less likely walk away with buyer’s remorse.

 

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

Outdoor lighting ideas for your new home

Categories: Buying a Home, Custom Home in Pittsburgh, Homeowner Tips | Posted: June 7, 2019 | Comments Off on Outdoor lighting ideas for your new home

 

Outdoor home lighting

Outdoor home lighting

If you are in the market this spring or summer season for Pittsburgh custom builders to build your dream home, you may have many ideas floating around in your head of how you want your home to look. Something many homebuyers don’t think about until the end is the outside lighting that will make your home light up and have great curb appeal at the same time. Parry Custom Homes gives you some great ideas for outdoor lighting that you may want to add to your wish-list for your new home!

If you have ever shopped for a new home, you know that certain outdoor lighting can truly add to your home’s architecture and do much more than just add light to the front of your home. Too little light at the entrance of your home can leave it looking dark and dreary on cloudy days or at night. There are several options available for you to decide what the best option is for your home to bring more light to your entranceway!

Pendants and hanging lanterns are great options to enhance curb appeal and illuminate your front doorway beautifully as well.

Wall lanterns and sconces are great décor lighting pieces that give a source of indirect up lighting and down lighting that are typically utilized in pairs over outdoor seating areas and on either side of entry ways and windows.

For your landscape, it’s a great idea to add landscape lighting in the way of spotlights and well lights, to draw attention to the natural elements of a landscape like trees, shrubs, or flowers.)

A great way to light the end of your driveway are with post lanterns that provide lighting and give better street visibility.

If you plan to have fountains, statues or arbors outside of your new home, you will want to add flood, bullet or wash lights to highlight these beautiful pieces around your home.

Path lights are a must for many homes and light the walkway to your door for family and friends who may be visiting or leaving at night when it is dark. It is a great way to provide extra safety as well.

Cove lighting is a good idea to add and can be built into ceilings, walls, ledges and recesses to highlight architectural qualities like footpaths, water or landscape features.

And lastly, pool lights are a must if you have a pool in your backyard. The will add mood-enhancing color to the water and ensure a safer swim at the same time.

 

If you are in the market for a new home and confused at where to start, contact us today so we can help you make your new home dreams a reality!

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

Your Options For New Homes in Pittsburgh

Categories: Buying a Home, Custom Home in Pittsburgh, New Homes in Pittsburgh | Posted: March 7, 2019 | Comments Off on Your Options For New Homes in Pittsburgh
The Daytona Floor Plan

The Daytona Floor Plan

If you are looking for new homes in Pittsburgh, you might be debating on new homes versus resale homes. Whether it be for cost or convenience, wouldn’t it be nice to be able to own a new home in Pittsburgh without having to go through the hassle of dealing with all the red tape in purchasing a resale home? Parry Custom Homes offers brand new homes of all sizes in Pittsburgh, to fit the needs of any buyer.

Are you in the marketing shopping for your first home? Don’t sell yourself short in thinking you have to purchase and old resale home in order to afford your first home purchase. Parry Custom Homes offers homes built for the first time homebuyer- with the price tag to match! It is a no brainer when you look at the portfolio of first time homes that we offer.

If you are looking for your first home and want to be conservative in size and budget, our Salem plan is a wonderful option for you. This home plan is 1,640 square feet and starts at $180,000!

Our Salem floor plan features 3 bedrooms, 2 full bathrooms and a 2-car garage. This ranch style home is perfect and allows for some growing room as well or just extra bedrooms for guests!

The Salem plan showcases an open living and family room, as well as a mud/laundry room directly off of the garage. You also have the option of a bonus room above the garage that is perfect for extra storage, an office or even a workout space!

For the same base price, but a little larger in size, we also offer our Daytona floor plan. This 2-story home will shock you with all it offers for its price tag.

The Daytona home plan is 1,849 square feet in features 4 bedrooms! It also includes a 2-car garage. This home is perfect for the first-time homebuyer who is looking for something small and affordable to start out with but will need the extra space to expand their family.

These are just two of the many wonderful options Parry Custom Homes has to offer the first-time buyer. Let us help you find your brand new dream home! We make the home selection and home buying process fun- it’s a family affair! Come be apart of the Parry Custom Homes family.

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

Components of a mortgage payment

Categories: Buying a Home, Pittsburgh custom homebuilders, Pittsburgh on your lot builder | Posted: October 5, 2018 | Comments Off on Components of a mortgage payment

 

What's in a mortgage?

What’s in a mortgage?

If you are currently shopping for a Pittsburgh custom builder this Fall or are considering a new home in the New Year, you may not be aware of all that makes up your mortgage payment. Many new homebuyers aren’t familiar with the process of getting a mortgage, let alone what goes into the mortgage payment itself. Parry Custom Homes shares an insight on what you can expect your home mortgage to be made up of, so you can be educated in knowing what to expect for your new home.

The importance of understanding the dynamics of what goes into a mortgage payment can help you acquire bigger loans with fewer drawbacks. There are four components that make up your mortgage payment that you will want to be aware of.

The first component of a mortgage payment is the Principal. This is the total value of the loan that you borrow from the lender, minus the interest. At the onset of paying off your mortgage, the principal portion of paying off each monthly fee will be small and eclipsed by the interest portion. However, as time passes and you acquire more equity in your home with each portion of the loan reimbursed, the final stretch of your mortgage term will be largely composed of principal installments.

The second component of your mortgage will be the Interest portion, which is the one most people are aware of the most. The interest will be the expense that the lender charges you for the ability to borrow their loan for your home. The interest rate will directly influence the size of your loan as higher rates turn out smaller loans.

Your credit score will determine what type of interest rate you are offered on a home loan and the better your score, the lower the interest rate that you will be offered. This is why it is critical for people to work on having good credit scores before going to try and purchase a new home.

Your lender, when you choose one, will write up  a loan agreement with the period of time in which you have to pay off the mortgage. Most homebuyers favor 30-year contracts, as their monthly payments are smaller. However, if you are looking for a lower interest rate for your home, consider a 15-year home loan which typically will come with a lower interest rate.

Taxes are the third component that will make up your home loan. The taxes in our mortgage payment will refer to the property taxes that are typically gauged by local or municipal governing bodies based upon the value of the real estate in your area. You can pay your taxes through your loan office by setting up an escrow account. Each month the lender collects funds from your periodic mortgage payments to put into escrow. This will remain untouched until taxes are due. The portion of your monthly mortgage payment that is appointed to tax obligations equals one-twelfth of the yearly tax amount.

Lastly, Insurance will be the final pillar that makes up the four components of your mortgage payment. The insurance portion of your mortgage will cover your property insurance and private mortgage insurance. One way to cut down on your monthly payment some if you are able too, is to pay off your PMI up front when you sign for your home. This will cut out having to pay it off over time within the loan.

Knowing what comprises your mortgage payment will help you not only better understand where your money is going too each  month, but also ensure you get the best deal you can on your mortgage.

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

Example Home Pricing- have you heard?

Categories: Buying a Home, Pittsburgh on your lot builder | Posted: September 20, 2018 | Comments Off on Example Home Pricing- have you heard?

 

The Loretta

The Loretta

If you are in the market for a new home in Pittsburgh or are looking for a Pittsburgh on your lot builder to build your new home, chances are that budget is a driving force in your search for a new home. However, not all homebuilders are created equal and not all builder pricing comes with the same standards. Parry Custom Homes shares what makes their homes stand apart from other big box builders.

If you are not yet familiar with Parry Custom Homes, one of the things that you will be able to tell as soon as you talk with someone from their team is that quality is not something that is sacrificed in their homes.

The Parry Custom Homes team believes in providing their buyers with great overall value and homes that will last. You should not have a home beginning to fall apart before your kids head off to college.

Home pricing for Parry Custom Homes start in the 200’s, which is a tremendous offering for a brand new home. Most buyers may think they have to stick with resale homes in order to fit a budget in the 200’s, but that is not the case with Parry Custom Homes.

Because Parry Custom Homes is committed to quality, their buyers can rest assured their homes will not be built with cheaper materials or poor craftmanship to cut corners. Parry Custom Homes is able to provide a house at a low price, without sacrificing quality as a lot of buyers see with the larger production builders.

Did you know that some of the bigger box builders do not include things like ceiling lights and floor drains in the homes that they sell? Standard home features and elements are not something you are going to have to worry are missing or done on the cheap with a Parry Custom Home.

Parry Custom Homes also include their Smart Living Features in their homes, which would of course come extra with your larger builder options.

Take a look at some of the beautiful home plans Parry Custom Homes has to offer and call to make an appointment to talk with someone from the Parry team about how they can make your dream home a reality, all while fitting your budget and providing you with a home you can trust and love for a lifetime.

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

Putting new construction at the top of your home search list

Categories: Buying a Home, Pittsburgh custom homebuilders | Posted: August 30, 2018 | Comments Off on Putting new construction at the top of your home search list

 

New Home in Pittsburgh

New Home in Pittsburgh

If you find your weekend plans to include shopping for Pittsburgh custom homes this Labor Day weekend, chances are you may be looking at a mix of both resale homes and new construction homes. While it may not seem like a huge difference between the two as long as they meet your overall needs, Parry Custom Homes gives 11 reasons why new construction is the better way to go between the two options.

The first benefit of new construction homes is that you can find a home without feeling rushed. The median construction time for a new home is about five months, so you can take your time planning your move instead of having to rush as soon as you sign the sale papers.

Another benefit of new construction is that your closing will most likely be smoother and easier than with a resale home. Since builders have no personal attachment to the homes they build, you won’t have to deal with the sentiments that can drag out the closing process on a home.

There are 800,000 new single-family homes expected to be on the market this year, with this number rising by 50,000 in 2017 and 100,000 in 2018. You will have many more options in new construction homes on the market, as time goes on.

When buying your home, you are also buying the lifestyle in which you plan to live. Urban planners create diverse and sustainable community’s new schools, amenities and transit that older homes or neighborhoods might not provide as readily.

Buying a new home also allows you to lower your energy bill each month. New construction homes with the new energy innovations can increase your homes efficiency by 30%.

New construction homes also provide a safer atmosphere for your family, with better indoor air quality thanks to today’s low and zero VOC products, as opposed to older homes that weren’t built with these things in mind.

New construction homes are also worth considering because you might get an even better deal that you ever would be able to with a resale home. Ask builders if they have special offers like zero closing costs, upgrade credits or expanded floor plans.

New homes are also great because you can often put your personal touches on your new home. Typically, you will be able to pick your designs and finishes of your new home instead of having to go with or renovate the style of a previous owner.

A great benefit of a new home is that you will be protected from the get-go. New home warranties will protect your home for the first several years that you live in it so it will be a long while before you have to focus on shelling out money for repairs.

Another nice benefit of buying a new home now is that when the time comes for you to sell, you will stand out from other sellers since a home that is just five, seven or ten years old will attract more buyers than an older resale home.

Lastly, buying a new construction home saves you time and money when you consider the upkeep of a home. Resale homes will have you busy with projects each weekend or with unexpected costs when things break. When you buy a new home, you won’t have to worry about projects and you will have the benefit of everything being brand new.

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.

Is your dream home out of your price range?

Categories: Buying a Home, Custom Home Builders in Pittsburgh, Pittsburgh on your lot builder | Posted: June 29, 2018 | Comments Off on Is your dream home out of your price range?
Make your dream home a reality

Make your dream home a reality

Summer is in full swing and with that comes many buyers in the housing market for a new home. If you are currently on the hunt for your “dream home” this summer, you may realize now more than ever it might come with a hefty price tag. However, don’t lose hope in being able to afford your dream home just yet. Parry Custom Homes, a premier Pittsburgh on your lot builder shares a few budget tips that might allow you to call your dream home yours! A recent article in Realtor.com explains how with a few tips to consider.

The first tip for your dream home is to negotiate the price. You might be surprised on what sellers, agents and buyers are willing to negotiate on. A seller may be extremely motivated to move due to a move, relocation, work, and so on. Smart haggling is a great way to help you afford your dream home.

The second tip is to consider another option for your mortgage, such as a five, seven or even 10-year adjustable rate mortgage. Many buyers, especially first time buyers or millennials, ask for a 30-year fixed mortgage. Often times millennials would be better off with the adjustable rate mortgage option.

Now days most buyers will be selling their home in less than 10 years, so opting into a different loan type can translate into lower payments upfront. You can also look at creative options for your private mortgage insurance, like having it paid by the lender or seller. This can also help you lower your monthly payment.

The third tip is to see if the more expensive home you want, might save you in other areas. For example, will your commute be shorter to work? Is it in a better school district so you won’t have to pay for private school tuition? See if there are ways you can save to make up for the larger mortgage payment.

The last tip is to see if an energy efficient newer home might make up some of your monthly cost over an older home? Often times a higher-priced home can actually cost the same as a lower-priced one when you do the math and play with certain factors.

These simple and easy pointers might have you comfortably living in your dream home after all!

 

 

Parry Custom Homes is an established homebuilder in the Pittsburgh area.  Call or contact us today for more information.