Looking for Hanover real estate is a multifaceted process, and disagreements will naturally arise when you start shopping with a significant other you plan on marrying. Both parties may share different opinions and want different things out of a home. Whatever type of property you’re looking for, there are some aspects you need to agree upon before closing.
From log homes to Mediterranean sanctuaries, there are many types of homes you can choose from. You need to discuss what type of architectural design you’re looking for before making such a long-term commitment.
Some of the most popular styles homebuyers generally lean towards include cape cod, art deco, contemporary, colonial, mid-century modern, Greek revival, and Mediterranean. Greek revival, inspired by Greek architecture and mythology, has a lot of personality and is characterized by tall columns and pediments, featuring bold moldings that offer striking details.
Contemporary is another popular choice because it represents today’s styles, which vary greatly by design and appearance. Not only do these properties offer unique visuals, they connect the interior with the exterior for an in sync look that flows and offers warmth. A lot of these properties are built with recycled non-toxic materials as well, ultimately aiding the environment. Not as many contemporary styles are available in our market as other styles, but if that’s the type of property you’re looking for, but sure to tell us that when you contact us.
Once you’ve addressed design and style, you need to think about what type of mortgage you want to secure. This is where a lot of disagreements develop, since your family’s financial future is at stake. There are several mortgage options you have access to, such as fixed-rate mortgages, FHA loans, VA loans, adjustable-rate mortgages, and interest-only hybrids.
If you and your partner are opposed to taking a lot of risk, a fixed-rate mortgage may be suitable. The interest stays the same throughout the entire life of the loan, giving you some stability. Budgeting will therefore be a lot easier because you’re better protected should interest rates rise unexpectedly. The most common fixed-rate mortgages are 15 and 30 years in duration.
Conversely, the interest rate for an adjustable-rate mortgage reflects what you’ll pay. If it goes down, for example, so will your monthly mortgage payments. There’s a lot of risk associated with this type of mortgage and generally it’s reserved for younger first-time homebuyers.
Being on the same page with your future spouse helps you secure the right real estate and financing, so you can save time and make this process a lot more enjoyable for both you and the seller.
Housing Solutions Real Estate, LLC, will always and ONLY represent your best interests when looking at any homes for sale, be it in Hanover, or any of the Upper Valley areas we serve. Call us today for a no-obligation consultation, or to have any of your home buying questions answered. 603-643-4800.