Adam Roche | Uxbridge Real Estate, Bellingham Real Estate, Millville Real Estate


Once you have found the home that you want to live in, put in the offer, and start the process of closing on a home, you may feel like you’re “home free.” The hard part may technically be over, but there’s one more important thing that you need to think about before you get the keys to your place: Closing costs. 

A few days before you head to sign all of your paperwork to close on the home, your lender will send you a detailed report of different closing costs that you need to pay upon the settlement of the property. 


Closing Costs Defined


Closing costs are what you pay to the lender and third parties. These are due at the time of closing on the property and must be paid up front. You should estimate that your closing costs will be between 2 and 5 percent of the purchase price of the home.


Everything Included In Closing Costs


Closing costs cover both one-time and recurring fees that are a part of your home purchase. The one-time fees are things that are generally associated with buying the home. These would include attorneys fees, lender fees, home inspection fees, document prep fees, underwriting fees, credit report fees, and realtor fees. You’ll also need a bank issued check for your down payment at this time.  


At closing, an escrow account will be set up. This is like a forced savings account that will be drawn from to cover things like taxes, insurance, loan interest, and title insurance. These are all very important costs that are a part of buying a home.     


Do Your Homework Ahead Of Time


The best way to deal with closing costs is to be prepared ahead of time. Talk to your lender in order to get an estimate of the closing costs. From there, you’ll need to decide if you need to finance your closing costs or simply pay them up front. There are advantages to both approaches. Sometimes, lenders will look at you as less favorable if you need to finance all of your closing costs. It all depends on the terms of your loan. This is why research is vital.


Compare Rates And Lenders


It’s important not to go with the first lender you talk to. Get some recommendations from your realtor and friends to see who might be a good fit for you. Every lender specializes in something different, so you want to be sure that who you chose is a good fit for you. 


The most important thing that you can do with closing costs and the financing of your home is to get educated!     




49 Crest Rd, North Smithfield, RI 02896

Single-Family

$214,900
Price

4
Rooms
2
Beds
2
Baths
OPEN HOUSE Saturday from 11:30 - 1. Come check out this move in ready 2 bed, 2 bath bungalow with an awesome backyard setup! Private detached year round finished bar area overlooking the fenced in back yard with fire pit. Many essential updates include newer roof, 200 Amp electrical panel, updated bathroom & kitchen with stainless steel appliances! All appliances included. Just un-pack and enjoy the this move in ready home! Close to 146 & 295, shopping, dining & more!
Open House
Saturday
June 16 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 49 Crest Rd, North Smithfield, RI 02896    Get Directions





49 Crest Rd, North Smithfield, RI 02896

Single-Family

$214,900
Price

4
Rooms
2
Beds
2
Baths
OPEN HOUSE Saturday from 11:30 - 1. Come check out this move in ready 2 bed, 2 bath bungalow with an awesome backyard setup! Private detached year round finished bar area overlooking the fenced in back yard with fire pit. Many essential updates include newer roof, 200 Amp electrical panel, updated bathroom & kitchen with stainless steel appliances! All appliances included. Just un-pack and enjoy the this move in ready home! Close to 146 & 295, shopping, dining & more!
Open House
Saturday
June 16 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 49 Crest Rd, North Smithfield, RI 02896    Get Directions




Many of us will move home several times throughout our lives. Whether it’s relocating for work, needing a bigger house for children, or a quiet place to retire to, it’s likely that the home you live in now won’t be yours forever.

 As a result, many homeowners wonder what they can do to ensure their home will have a high resale value when the time comes to move on.

 The good news is that there are a lot of things you can do now that will give you a good return on investment when it comes to selling your home later. However, there are a few factors that affect a home’s valuation that are out of your control. We’ll talk about all of those factors below. So, read on for a list of the factors that affect your home’s resale value.

 The age of your home

Your house may not complain about it, but it isn’t getting any younger. Homes tend to slowly decrease in value over time. A home built in the late 1970s, even if it’s well taken care of, most likely won’t sell for the same price as a 15-year-old home.

There is one exception to the rule, however, and that is historical houses. Homes that are a century old can sell for top dollar because of the craftsmanship and history that the house contains.

Admittedly, this is a niche market, as many people just want a safe and efficient home to live in. However, there are some homebuyers who will put in a bit of extra work around the house for the chance to live inside of a piece of history.

Smart renovations

When you’re upgrading your house it’s important to remember how that upgrade will pay off years down the road. Some renovations will almost always give a good return on investment such as a finished basement or attic and improving efficiency via added insulation or replacing windows.

Renovations that match a very specific decorative taste or style could come back to haunt you. This includes bathroom sinks, kitchen cabinets, countertops, and other expensive projects that are subject to the next owner’s taste. While these upgrades can give a good return on your investment, they’re more likely to be successful if they fit the current trends of style and craftsmanship.

Neighborhood and town

One of the factors of home valuation that you have little control over is the town and neighborhood the house is located in. If there are closed down businesses, foreclosed and deteriorating homes then potential buyers might be turned off to the neighborhood.

Similarly, the town you live in has a lot to do with how much people are willing to spend. If you have easy access to interstate highways and large cities, highly rated schools, and good local infrastructure, then buyers are likely to take these into consideration when making an offer, as the average cost of a home in your town is likely higher than some surrounding towns.


This Single-Family in Leominster, MA recently sold for $452,000. This Colonial style home was sold by Adam Roche - Clients Realty.


Leominster, MA 01453

Single-Family

$459,000
Price
$452,000
Sale Price

11
Rooms
5
Beds
3
Baths
Do you need space? Beautiful 5 bed 3 bath 3800+ sqft home with so much. The kitchen has tons of granite counter top & cabinet space, stainless steel appliances, gas range. Walk into the large sun filled dining room, then off to massive 800+ sqft great room. This room has it all, full kitchen, fridge, oven, brush in sink, large bar / counter space with bar stools, hardwood floors, ready to entertain. The master suite has a walk in tiled shower overlooking backyard w/ deck access, his an her closet. Down stairs is the big freshly finished bonus room, 24x28 garage, large heated salt water pool & a pool house w/ heat & A/C, paver stone patio with built in fire place and so much more! Gorgeous crown molding, hardwood floors and fresh paint throughout most of the rooms. Solar panels to reduce energy costs, natural gas for heat savings! New roof on the main house, metal roof on the pool house, cross off some big ticket items! Schedule your private showing today!! MOTIVATED SELLER

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