Dover, MA:

This Single-Family in Dover, MA recently sold for $1,063,400.

This is a Colonial style home and features 9 total rooms, 4 full baths, 1 half bath, 5 bedrooms, 2.00 acres, and was sold by
Kathy Kelley – Berkshire Hathaway Home Services Town and Country Real Estate

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Do you have too much stuff? Are you making a move and looking for storage options? If so, the fist thing you will need to determine is how much storage space you need.

As you are going through your things ask yourself if you really need to store everything, or is it better to donate or sell some things. This could cut down on the amount of storage space needed and ultimately reduce the cost.

Once you determine which items will be stored take an inventory of your items. Make a list and have this information ready when you start calling storage companies.

So what size storage unit will you need? Here are some standard sizing options that most storage companies use. Always check with your company first.

  • 5 x 5 x 10 = Small items, boxes, books, etc…
  • 5 x 10 x 10 = Small 1 bedroom home
  • 10 x 10 x 10 = 1 bedroom home
  • 10 x 15 x 10 = 2-3 bedroom home
  • 10 x 20 x 10 = 3-4 bedroom home
  • 10 x 30 x 10 = 5-7 bedroom home

Note: the measurements above are represented as L x W x H in feet

 

More and more millennials are getting into the housing market. A survey by homebuilder PulteGroup found that 65% of those who make more than $50,000 a year reported increased interest in buying a home.

The recession has forced Generation Y, roughly those age 18 to 34, to delay buying homes. Now millennials are now entering their thirties and the cost of buying a home is now becoming a reality.

While student loans and financial resources are keeping some younger people from the housing market many others are realizing that in many cases owning a home is cheaper than renting.

The survey also reported that millennials know what they want in a home:

84% listed storage as a priority was ample storage              
76% want space for TV and movie watching                                                                        
69% desire an open living/room kitchen layout                                                                          
63% look for outdoor living or a deck                                                                                            
36% cited the ability to work at home

Other recent studies have affirmed the PulteGroup study and have shown that 90% of millennials plan to buy a home someday keeping the dream of homeownership alive.                                                    

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With mortgage rates at all time lows, you might be wondering if you should be considering refinancing your home. While it may seem like a great thing to do, there are a few things to consider before you decide.

An obvious reason for refinancing to a lower interest rate is the monthly, and even more importantly the long term, savings you will get. Depending on the decrease in interest rate and the amount of the loan, you could see a savings of at least $50/month or $600/year or $6000/10 years. Refinancing to a shorter term loan can also help save on the interest you pay over the life of the loan so if you can afford a 15 year mortgage the benefits outweigh that of a 30 year.

Some things to consider -

If you have owned your home for a long time, your monthly payments are going more towards the principal of the loan, not the interest. Refinancing would cause you revert back to monthly payments of more interest than principal, losing the equity that you have built in your home.

You may be charged for an appraisal on your home which can be around $500. The bank will want to make sure that you are refinancing for an amount your home is worth so some out of pocket expense is required.

If you plan on moving in the next few years, refinancing may not be worth the amount you will pay in closing costs. There are several refinancing calculators available on the web including at http://www.zillow.com/mortgage-calculator/refinance-calculator/ and http://www.smartmoney.com/calculator/real-estate/should-i-refinance-my-mortgage-1302835660427/.

No matter what you choose, being fully informed of all the options, costs and advantages/disadvantages is key to a successful refinance. Make sure you talk with you current lender, as well as other lenders to get the best refinance possible.

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