Michelle Gillespie - Keller Williams Realty



Posted by Michelle Gillespie on 12/9/2018

Whether youíre a first-time homebuyer or youíre upgrading to a larger house to fit your familyís needs, itís vital to understand just how much house you can afford before you start shopping for homes.

When planning for your future home, there are two main things you need to figure out.

  • What is a smart amount to spend on a home for your budget

  • What are the key features in a home that will give you the most benefits for the cost

These two questions may seem simple, but there are quite a few factors that should go into determining each one.

So, in todayís post, Iím going to walk you through the process of determining what kind of house you can afford so you can make the best home buying decision for you and your family.

A smart home buying budget

To create an effective budget, youíll need to gather some information and possibly create a spreadsheet with Excel (or a free alternative like Google Sheets).

On your spreadsheet, youíll first want to add up all sources of income that your family has. This is the easy part for most people who only have one or two sources of income based on a salaried job.

Next, is the hard part--expenses. We canít just use your current expenses to determine the new budget because we have to account for changes in several areas.

If you arenít sure of the cost of living for the area you hope to move to, try plugging it into this cost of living comparison tool to see get a better idea of the cost of things like transportation, childcare, groceries, and more.

Likewise, itís also a good idea to assume youíll be paying more in utilities if youíre hoping to move into a home that is larger than your current home. Keep in mind, however, that different houses have different levels of energy-efficiency, so itís a good idea to also ask the seller of the homes youíre interested in to determine what your costs might be.

Now, subtract your expenses from your income. The amount remaining should easily cover whatever mortgage payment you receive along with, ideally, 20% of your income going toward savings.

Deciding what you need in a home

The second part of determining how much house you can afford is to find out exactly what youíre looking for in a home. The number of bedrooms, bathrooms, location, the size of the backyard; all of these are questions that have a monetary value.

So, to really answer this question youíll need a strong understanding of what you and your familyís goals are for at least the next 5-7 years, if not longer.

Once you have your long-term goals and a good understanding of your budget, you can start safely shopping for homes with a clearer idea of the type of home youíre looking for and just how much home you can afford.




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Posted by Michelle Gillespie on 12/6/2018


25 Otis Street, Northborough, MA 01532

Single-Family

$479,900
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Nothing says you are home like watching the sunset from the farmer's porch! Have that and so much more in this beautifully maintained Colonial. Hardwood gleams through the entire first floor featuring the living room with French doors, the kitchen with white cabinets, breakfast bar, pantry and dining area, and the family room with fireplace and custom built-ins. Recessed lighting in the kitchen and family room create a bright, inviting space. Three generous bedrooms with closets and a full, tiled bathroom grace the second floor. Enjoy quiet time in the master bedroom and private bath with shower and jacuzzi tub or relax in the large level backyard with patio and inground pool, perfect for summer entertaining. Need more...New roof, vinyl siding with cedar shaker siding on front, high efficiency Burnham gas boiler for heat and hot water, whole house fan, two car garage with loft for storage. Don't delay! See it today!
Open House
Sunday
December 09 at 12:00 PM to 1:30 PM
Cannot make the Open Houses?
Location: 25 Otis Street, Northborough, MA 01532    Get Directions

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Categories: Open House  


Posted by Michelle Gillespie on 12/4/2018


126 Lyman Road, Berlin, MA 01503

Single-Family

$495,000
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Young Colonial nestled on over 7 acres in country setting within walking distance to Mt Pisgah trails. This 4 bedroom home has a master suite with master bedroom, bathroom and walk-in closet. Second floor has additional full bathroom with laundry area and three other bedrooms. First floor with hardwood floors has formal living room, dining room with french doors, kitchen and family room with access to the deck. Full basement with plenty of room for storage and access to garage. Updated Hot Water Heater. Private setting with great yard. Close to major highways for commuting.
Open House
No scheduled Open Houses






Categories: New Homes  


Posted by Michelle Gillespie on 12/4/2018


18 Coolidge Circle, Northborough, MA 01532

Single-Family

$524,000
Price

10
Rooms
4
Beds
2/1
Full/Half Baths
Motivated seller looking for a buyer for 4-bed Colonial in desirable Pineknoll neighborhood. Beautiful hardwood floors run throughout the 1st floor living areas. Off a warm & welcoming entry, you'll find a spacious living room w/fireplace. The updated kitchen features granite countertops, breakfast bar & casual dining area w/French doors to the deck, while the dining room w/chair rail & chandelier provides a formal space for entertaining. The family room offers a comfortable space to relax w/cathedral ceiling, wood stove, bay window & deck access. A half bathroom & laundry room on the main floor. Upstairs, 4 generous sized bedrooms, including a master w/en suite bathroom, and additional full bathroom provide ample space for family & guests. The finished lower level offers versatile space & storage. Relax on the deck & enjoy ~1 acre of land on a tree-lined cul-de-sac. With a 2-car garage, easy access to the highway & commuter rail, this property is ready to welcome you home.
Open House
Sunday
December 09 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 18 Coolidge Circle, Northborough, MA 01532    Get Directions

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Categories: Open House  


Posted by Michelle Gillespie on 12/4/2018


438 Howard Street, Northborough, MA 01532

Single-Family

$849,900
Price

12
Rooms
4
Beds
2/1
Full/Half Baths
An elegant foyer welcomes you where you'll find updates & luxurious details throughout this custom home. The formal dining room w/crown molding, chair rail, & transom window. Living room has hardwood floors with inlay provide great space for entertaining. The updated kitchen features granite countertops, stainless steel appliances, double ovens & island with cooktop. Relax & entertain in the family room w/fireplace & access to the deck. A half bathroom & study complete the first floor. Upstairs, you'll find the privacy with 4 spacious bedrooms. Escape to the master suite w/cathedral ceiling, walk-in closets & sitting area. The master bath w/jacuzzi tub. The lower level offers a game room, office, storage space & walkout to patio or possible in-law suite. Outside with low maintenance yard, enjoy your time on the multi-level deck & patio. Many updates throughout. Located on ~6 acres w/walking trails near Mt Pisgah, w/easy access to 290, this is the property you're waiting to call "home.
Open House
Sunday
December 09 at 12:00 PM to 2:00 PM
Visit our holiday open house from 12 to 2 pm. Well maintained, updated and tastefully decorated Colonial with 4 bedrooms, 3 bathrooms, family room, dining room, living room office, bonus room and updated kitchen.
Cannot make the Open Houses?
Location: 438 Howard Street, Northborough, MA 01532    Get Directions

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Categories: Open House  




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