Found 28 blog entries tagged as Benefits.

 




There’s no doubt that owning a home comes with significant financial benefits. And this time of year is a great time to reflect on the other reasons why owning a home is so meaningful.

A house is more than four walls and a roof – it’s a place where memories are made, connections are built, and life happens.

From the sense of accomplishment that comes with owning your own home to the joy of creating a space that’s uniquely yours, the emotional connections we have to our homes can be just as important as the financial ones.

Here are some of the things that turn a house into a happy home.

1. It’s an Accomplishment You Can Be Proud Of

Buying a home is a significant milestone, whether it’s your first or your fifth. You’ve worked hard to…

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Have you ever thought about packing up and moving to be closer to the people who mean the most to you? Maybe you’re tired of long drives to see your family or wish your kids could spend more time with their grandparents. Clearly, a lot of other people feel the same way.

According to recent data from the National Association of Realtors (NAR), the desire to be near family and friends is the #1 reason people move (see graph below):

That’s because moving isn’t just about finding a new house – it’s about living a life where you’re surrounded by the people who matter most. Whether it’s catching up over weeknight dinners, watching your kids play with their cousins, or just knowing someone’s there when you need them, living near loved ones changes…

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When it comes to buying a home, many people gravitate toward older homes, thinking they offer better quality and longevity. However, newly built homes can provide modern comfort, energy efficiency, and warranties that make them a fantastic option for buyers today. If you’re exploring real estate options in Brookings, SD, let’s take a closer look at why new construction homes might be your best choice — and why some of the common myths about them simply aren’t true.

The Myth: “New Homes Aren’t Built to Last Like Older Homes”

There’s a perception among some buyers that new homes may not hold up as well over time compared to older ones. But this misconception often overlooks the fact that reputable builders are held to high construction standards…

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It’s a big question on many people’s minds these days: Should I buy a home now or wait? Whether you’re a first-time homebuyer or looking to move into a new property, the decision comes with a lot of factors to weigh. The good news is, once you purchase a home, you immediately begin to build equity—and that can add up faster than you might expect, even with more modest increases in home prices.

So, let’s take a look at what’s happening with home prices and what that means for your future wealth.

Home Prices Are Expected to Keep Rising

Each quarter, Fannie Mae releases the Home Price Expectations Survey (HPES), which gathers insights from over one hundred economists, real estate experts, and market strategists. They predict home prices will…

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If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you. Here’s some information that could help you make your decision.

What Is a 55+ Community?

It’s important to note that these communities aren’t just for people who need extra support – they can be pretty vibrant, too. Many people who are downsizing opt for this type of home because they’re looking to be surrounded by people in a similar season of life. U.S. News explains:

“The terms ‘55-plus community,’ ‘active adult community,’ ‘lifestyle communities’ and ‘planned communities’ refer to a setting that caters to the needs and preferences of adults over the age of 55. These communities are designed for seniors who are…

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With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all.

And while you ultimately need to be able to afford a home you buy, don’t lose sight of why homeownership was so important to you in the first place. That’s because buying a home is so much more than just a financial transaction. As the National Association of Realtors (NAR) says:

“The benefits of purchasing and owning your place of residence are both financial and emotional – pride in homeownership and the feeling of security are huge intangible benefits.”

Here’s a look at just a few of those more emotional or lifestyle perks, to help…

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Maybe you’re in the market for a home and are having a hard time finding the right one that fits your budget. Or perhaps you’re already a homeowner in need of extra income or a place for loved ones. Whether as a potential homebuyer or a homeowner with changing needs, accessory dwelling units, or ADUs for short, may be able to help you reach your goals.

What Is an ADU?

As AARP says:

“An ADU is a small residence that shares a single-family lot with a larger, primary dwelling.” “An ADU is an independent, self-contained living space with a kitchen or kitchenette, bathroom and sleeping area.” “An ADU can be located within, attached to, or detached from the main residence. It can be created out of an existing structure (such as a garage)…

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When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move.

One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you.

The Supply of Homes for Sale Is Far Below the Norm

When you’re selling something, it helps if what you’re selling is in demand, but is also in low supply. Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing market today. There are more buyers looking to buy than there are homes for sale.

To tell the story of just how low inventory is, here’s…

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How does a 2-1 buydown help the seller and buyer? We dive into that in this video, how a 2-1 buydown works, what it means for interest rates and much more. Check it out and let us know here at the Brookings Home Team how we can help YOU! Or reach out to Justin Froiland with Guaranteed Rate Mortgage to hear more information directly from him.   We are the Brookings Home Team, how can we serve YOU?

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