There are many different advantages to adding more nature to your home inside and out. For one, it makes you happy to be around more natural things. We spend so much time in front of screens and using technology, that it’s nice to be brought back to nature right in your own home.
All this being said, it’s a great idea to consider building a fish pond on your property. There’s many different advantages to these bodies of water around your home including:
A Pond Will Build Up The Look Of Your Property
If there’s a part of your property that you just can’t get past, perhaps building a fish pond will be a good use of that area. Some people take the idea further, creating a water garden complete with streams. However you decide to build your fish pond; simple or elaborate, you’ll appreciate how it will improve the look of your property.
It Will Spark Your Creativity
Planning where and how a fish pond will go in your yard can really spark your creativity. You and your partner can think about what you want and find the best ways to execute your project. From the way you’ll establish the surrounding landscapes to how you plan to dig the pond to what kind of fish you’ll put in the pond, there’s a lot to think about. The best part is that you will create how you want your property to be more exciting and pleasant to spend time on.
You Make A Good Use Of Your Space
Maybe you feel that you have a lot of “wasted space” on your property. Installing a fish pond is a great way to make use of the space that you do have in your yard. If you feel that you could be doing something incredible with the space that you do have, building your own pond is a great way to do that.
Connect With Nature
A fish pond allows for you to enjoy more than just fish. It will attract other types of wildlife including unique insects, birds and more. Watching fish has also been proven to be an activity that reduces stress and increases your level of health. According to studies done by the National Marine Aquarium, the mere act of watching fish has been shown to reduce blood pressure and decrease heart rate. Being in a natural environment is much more soothing to both your physical and mental states.
While building a fish pond can seem like a huge project, you can see that the benefits are many. You’ll truly feel that you have maximized your land space and can enjoy the many benefits of having your own small wildlife sanctuary right on your property.
When you’re gearing up to make the largest purchase of your entire life, you have a lot to think about. There’s also a lot of emotion involved in the entire process. You don’t want those emotions to get in the way, causing you unnecessary regret in your purchase. A home is not like a sweater that you can head to the store and return. What do current homeowners wish that they did differently in their home purchase? Below, you’ll find some of the most common regrets of homeowners. If you know what to look out for, you can avoid the same kind of buyer’s remorse in your own home purchase.
Not Doing Research First
In hot markets, it can be hard to find the time to do the research and secure the home you want. Before you even begin searching one thing you should have a handle on is location. You probably have a general idea of where you’d like to live. You can research these neighborhoods ahead of time in order to understand the makeup of the area. You should take a look at everything form schools to safety to the amenities close to the location of choice. Do this for a few different areas so that you’re completely prepared before you even head out on the house hunt. Even if you end up in an area you never pictured, if you have a general idea of the spots you’re looking at, it will be much easier to tell what a neighborhood will be like to live in ahead of time. The best advice is not to pin yourself down to searching in one area.
Not Knowing Anything About The House
If you failed to pay attention during the home inspection, didn’t ask a lot of questions, or were just blind to some of the issues that were apparent in the home you bought, you could be in for quite a surprise. Understanding the problems a home has is one thing but knowing how much those repairs are going to cost is another. If you are trying to beat the competition by skipping the home inspection or waiving contingencies, you may end up being pretty unhappy in your new home with an empty wallet. Some repairs cost more than you know and it’s important to be aware of what needs to be done in the home before you sign on the dotted line.
Missing Out On A Big Downpayment
Sometimes that little extra bit of savings can really help. Even though many first time homeowners are simply eager to get into a home, waiting a bit and saving more for a downpayment can significantly lower the longterm costs of homeownership. This includes things like fees, interest rates, and PMI (private mortgage insurance). Also, having a larger downpayment can help you to get a house that you really want when the market is highly competitive. You’ll appear more reliable to sellers. Remember that the higher your downpayment, the lower your monthly payment will be.
Contingencies on a contract to buy a home are there to protect both the buyer and the seller. The contingencies give the buyer the right to back out of the contract if any of these contingencies aren’t met. There are many reasons that buyers back out of deals including financial issues and problems with the home. Below, you’ll find a break down of some of the most common contingencies and what they mean for you as a buyer or a seller.
Most home contracts come with what’s called a financing contingency. This gives you the ability to walk away from a deal if the financing falls through when trying to buy a home. Usually this is due to a credit reason or some other financial reason. You can’t rely on financial cracks to help you to back out of a deal on a home. Lenders will only deny a loan for real financial reasons. There’s no way to ask a lender to lie for you so you can get out of buying a home! This is why you need to make your decision about a home purchase wisely.
This gives the buyer the right to have an inspection on the home within a certain time frame which is usually 5-7 days. If something is really off with the inspection that you as a buyer don’t feel comfortable with, you have the right to back out of a deal without repercussions. While seller disclosures are important, the seller can’t disclose what they don’t know about. That’s why the home inspection is so important. The seller’s disclosure cannot protect you from hidden damages that may cost half of a home’s worth to repair.
If homes are selling fast and you want some secure way to back out of a deal you should consider an appraisal contingency. If the home you want to purchase doesn’t appraise at a price high enough to meet your mortgage requirements, you have a legal way to back out of the deal. For example, if you put down 20 percent of the purchase price of a home and the home doesn't appraise for the value of that purchase price, you’d need to come up with the remainder of the money in cash. An appraisal contingency protects you from having to face this. You’ll still need to have a home inspection done on the home to search for any problems, but an appraisal contingency protects you from any problems with financing and your own disposable amount of cash that could arise due to a home appraising low.
While contingencies aren’t necessary as a homebuyer, they’re highly recommended. Without contingencies, you could be left with a number of expenses such as damages that are extremely costly to fix.
As happens in any industry, there are professionals who work in the real estate industry who don't mind cutting corners. Protections against working with inexperienced realtors and mortgage brokers comes through local and state realtor licensing requirements.
You may not be real estate savvy, but you deserve to be heard
The realtor licensing requirements vary from state to state, but generally mandate that realtors complete educational training and pass a state approved licensing examination. Ethical and legal issues may be covered during the training. What training seminars, study guides and tests may not give realtors are strong communication skills.
A study guide may not show realtors how to respect mortgage borrowers and house hunters. This training may fall into your lap. To be effective when dealing with realtors and mortgage brokers, you need to be confident. When you are confident while house hunting, you can increase the likelihood that you will:
- Search for houses that fit within your financial range (confidence can help you to communicate to realtors the importance of not wasting your time and only showing you houses that are below your maximum budget)
- Avoid giving into realtor or mortgage broker requests to buy houses that have amenities that you don't really want or need
- Stick to looking for houses that are located in areas that match your personal tastes
- Get the chance to buy houses that your entire family will appreciate (this means that you won't be talked into buying a house that may be great for adults but injury provoking for children)
- Steer clear of attending open houses where former pet owners lived if you don't want to live in a house that was once home to several dogs or cats
- Receive a thorough explanation of each expense associated with owning a house. For example, if you're confident, you could clearly and respectfully communicate to a realtor that you want all costs associated with a house to be level with or below your budget. In this case, expenses like your mortgage principal and interests, homeowners association fees,closing costs, broker fees, title fees and loan fees and insurances will not exceed your maximum budget.
- Work with a realtor who takes the initiatives to update you on the status of the house shopping process.
House hunter confidence yields its own rewards
Reliable and respectable realtors and mortgage brokers are honest. They value house hunters and borrowers, whether these adults are their clients or not. They research directories, conduct smart marketing for their clients and look for quality houses that match their clients' requests. Sharp realtors and mortgage brokers aren't pushy or demanding. They listen to their clients.
If they exhibit enough respect and self-confidence, smart house hunters could help to sharpen realtors and increase their chances of working with realtors who find them houses that they will afford and appreciate. They could also help realtors gain the very skills that strengthen and lengthen realtor careers, skills like active listening, focused question asking, thorough research and welcomed communication skills.