Ron Ouellette
RE/MAX Advantage I | 508-847-7111 | rono@remax.net


Posted by Ron Ouellette on 9/7/2017

With age can come wisdom, insight and a growing ability to trust your instincts. After you reach your middle age years, you might have learned to stop second guessing your own inner wisdom. You also might have learned how to spot a real benefit from a fake advantage. But, it’s the way you learn to manage money as you age that could make waiting to buy a house a good choice.

Knowing when it’s the right time to buy a house

Even if you put a sizable down payment on a new house, it may take you two to three decades to pay off a mortgage. That’s a lot of time whether you’re just starting out and buying your first house in your early 20s or if you’re a seasoned worker who’s buying her first house in her mid-50s. Factor in rising interests rates,property taxes and inflation, and the costs of a mortgage could feel like too much the older you become.

You might feel like you simply won’t have enough time to afford a house. You might feel like you’ll always be paying the bank a monthly mortgage installment, reducing the chance that you can will your children your house without leaving them in debt.

These are just some of the concerns that buying a house later in life can raise. On the other hand, if you’ve practiced smart money management skills for years,waiting until you’re older to buy a house could help you to secure the best mortgage deal. You may also know exactly what to look for in a good home insurance policy. Choosing the best neighborhood could almost seem natural for you because you’ve had years of experience living in different types of communities.

Pros of waiting to buy a house

Ultimately, the choice on when to buy a house comes down to several factors, each which can impact your life for many years. Included among these factors are:

  • Existing debt – If you’re managed your finances well, by the time you reach your mid-40s or mid-50s, you might have paid off any student loans that you incurred. Other debts that you may have paid off include your auto, furniture and clothing expenses. This could give you more room to take on a mortgage without feeling financially cramped.
  • Happiness – Over time, you could also learn that material items won’t provide you lasting happiness. You could use this knowledge to avoid binge spending and buying products to try to boost your mood or strengthen your ego.
  • Children – If you have children, they may be grown or almost ready to leave the nest. Buying a house in your middle years could eliminate the need to take on a huge mortgage. Instead, you could purchase a house that’s large enough for you and your spouse with a spare bedroom for when your adult children visit.
  • DIY Skills – You may have developed solid DIY skills that can lower the times that you need to pay a contractor to repair a leak, the roof or an appliance at your new house.

Cons of waiting to buy a house

Yet, there are downsides to waiting to buy a house. As previously noted, if you wait until you reach your middle age years to buy a house, you may be responsible for a mortgage well into your senior years. Other downsides to waiting to buy a house include:

  • Health issues – Even if you exercise, drink plenty of water and eat a healthy diet, your body could start to show signs of wear and tear. Taking on a mortgage late in life could add stress to your life that you’d be better off without.
  • Grandchildren – Just because you don’t need a large home for your own growing children, doesn’t mean that a small house will work, especially if your adult children start having kids of their own.
  • Retirement – Unless you own your own business and plan to work until you leave this earth or for as long as your health allows, there’s a strong likelihood that you’ll retire. This employment shift can cut your income significantly.
  • Curb appeal – It’s easy to mow the lawn and climb up to the roof and clean the gutters when you’re in your 40s, 50s and 60s. However, that could become a chore by the time you reach your 70s or 80s. Of course, you could pay someone to take care of these household tasks. But, that’s also an added expense.

Consider the above factors when you think about buying a house. Also, consider other factors that will potentially impact your finances, health and overall well being over the short and long term. This includes your spending habits, existing financial responsibilities, job security and your ability to generate your own income.




Tags: older homeowners  
Categories: Uncategorized  


Posted by Ron Ouellette on 9/5/2017


492 Mill Street, Worcester, MA 01602

Single-Family

$199,900
Price

4
Rooms
2
Beds
1
Baths
PRIVATE WATERFRONT RANCH * TOTALLY & TASTEFULLY REHABBED * TONS OF WINDOWS BRIGHT INTERIOR * IN CITY TUCKED AWAY ON LARGE LEVEL LOT * RELAXING SCENIC WATER VIEWS * GREAT STONE FIREPLACE AT WATERS EDGE FOR THOSE SUMMER COOKOUTS * TRULY SERENE, PEACEFUL, COUNTRY SETTING * CIRCULAR DRIVE * MAINTENANCE FREE NEW VINYL SHINGLE & CLAPBOARD SIDING * VINYL WINDOWS * NEW ROOF * NEW KITCHEN W/CUSTOM CABS, SOLID GRANITE COUNTERS, ALL STAINLESS APPLIANCES * WOOD GRAIN VINYL TILE FLOORS * OPEN LIV RM - DIN RM AREA * BASEBOARD HYDRONIC ELECTRIC HEAT * COZY WOOD BURNING HEATOLATOR FIREPLACE * ALL NEW FULL BATH * COMFORTABLE BEDROOMS TASTEFULLY CARPETED * 200 AMP ELECTRIC BREAKER PANELS * SPOTLESS BRIGHT BASEMENT LAUNDRY AREA * STORAGE * CLASSIC GREY EXTERIOR, WHITE TRIM, BLACK SHUTTERS * OUTSIDE STORAGE SHED * BOAT, KAYAK, FISH, ICE SKATE * JUST RELAX! * GREAT 1ST TIME HOMEBUYER, 2ND HOME, RETIREE * LOTS OF LIVING - LITTLE COST! * ALL SERVICES NEARBY
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Ron Ouellette on 8/31/2017

Your home's wood floors have experienced heavy foot traffic over the years. As a result, they are scratched and battered and must be improved before you can add your home to the real estate market. Unfortunately, it may prove to be costly to have a professional floor refinisher remove wood floor scratches. And as a home seller who has already invested in a number of home repairs, the last thing you need is another hefty home repair bill. So what does it take for home sellers to remove wood floor scratches on a budget? There are many fast, cost-effective ways to eliminate scratches on your wood floors, including: 1. Disguise the Scratches. You may be able to use a crayon or marker to camouflage your wood floors' scratches. Wax sticks also are available at just about any home improvement store and contain stain and urethane that can help you cover up scratches and safeguard your floors' finish. In addition, you may want to try mixing colors to find the right combination to match the color of your hardwood floors. But remember, hardwood floors boast a combination of hues and tones. Therefore, even if you're unable to find the right blend of colors, you should be able to cover up white scratches instantly if you apply similar colors from crayons, markers or wax sticks. 2. Leverage a Combination of Vinegar and Olive Oil. Using a mixture of vinegar and olive oil may help you minimize scratches on your wood floors as well as transform your ordinary floors into dazzling ones. Typically, you'll want to pour a mixture that is equal parts vinegar and olive oil onto the affected area of your wood floors. After 24 hours, wipe off the mixture, and you should notice a significant improvement. It is important to note that this mixture won't deliver instant results every time. However, applying a new coat of vinegar and olive oil onto an affected area of your wood floors over the course of several days may help you eliminate scratches altogether. 3. Use Sandpaper to Your Advantage. Lightweight sandpaper may prove to be an ideal option to fix wood floor scratches. For instance, you can sand the affected area of your wood floors, use wood filler on this area and seal the area accordingly. This may allow you to enhance the appearance of your wood floors and ensure they look brand new. Keep in mind that you may need to sand, fill and seal an affected area of your wood floors a few times to eliminate scratches. But home sellers who remain persistent can use sandpaper to their advantage and minimize scratches on their wood floors without delay. Getting your home ready to list on the real estate market sometimes can be tricky, but your real estate agent can help you find ways to help your residence stand out in a competitive real estate market. In fact, this real estate professional can offer expert insights and ensure you can find ways to maximize the value of your house. Work toward improving the wood floors in your home, and you may be able to speed up the process of selling your residence.





Posted by Ron Ouellette on 8/28/2017

This Land in Worcester, MA recently sold for $60,000. This style home was sold by Ron Ouellette - RE/MAX Advantage I.


0 Lanesboro, Worcester, MA 01605

Land

$65,000
Price
$60,000
Sale Price

0.21
Acres
Residential
Land Type
Level corner lot, fronts on Lanesboro Rd (area of young homes). Near Holden line. Immediate access Rt I-190, I-290, 12. UMass Med School 10 minutes. Easy acces to all services, great commuter. Lot cleared, ready to go. Easy build, desirable location.

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Tags: Worcester   Real Estate   land   01605  
Categories: Sold Homes  


Posted by Ron Ouellette on 8/24/2017

The most beautiful house could pose risks. A house that meets all of your space and decor wants could be structured so that it leaves your car and other vehicles exposed to external dangers. Proof of this has often revealed itself the night of a ravaging storm or the morning after.

Hard weather storms and certain house types may not mix

Many times during or after a hard storm, news reports share stories of how a vehicle was damaged while it was parked in a homeowner's driveway. It almost seems as if storm and damaged car or truck are somehow linked.

Although no house may be able to fully protect a vehicle from getting damaged when a hard weather storm hits, there may be some homes that are better at reducing a vehicle's exposure than other homes. Leading the way might be houses that don't come with a covered garage. Other types of houses or house conditions that may leave vehicles more exposed to damage during weather storms include:

  • Houses surrounded by large trees, particularly large, old trees - Damaged trees may appear to be healthy and strong which is why you might not get the trees inspected or cut the trees away. But, just because trees stand tall and look strong doesn't mean that trees aren't severely decayed. It's these very decayed trees that might fall on your car, truck or even your house should winds really pick up or hail plummet the ground.
  • Houses with loose roof shingles - It's not hard to see how loose roof shingles could slip off the top of a house and slam onto a car, potentially shattering car windows.
  • Loose house awnings - Similar to loose roof shingles, if a house's awnings are loose, they could shake away from the house during a hard storm. Once awnings separate from a house, they could start slapping the top or side of a vehicle.Worse, awnings or pieces of an awning could swing across your property and damage a neighbor's car or truck.
  • Houses built near falling rocks - There's almost nothing that can be done to completely stop falling rocks from breaking loose and damaging nearby property.
  • Houses that are located on steep hills or sharp inclines - These are times when your vehicle could slide down a hill and crash into another vehicle. That or your car or truck could slide down an incline and crash into a ditch.

Protecting the belongings that are inside your home isn't the only goal that you should have when you buy a house. You also want to buy a house that offers protections for your vehicles. You want a house that reduces the likelihood that your car,truck or motorcycle will suffer damage during a hard storm. Although there maybe no house that can offer full protection for your vehicles, there are things you can look for in a house that don't invite damage.




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