Category: Apartment Life

New Home Anxiety: Helping our Furry Friends Adjust

Making the decision to move isn’t easy, it comes with months of planning, finding your dream home, unexpected bumps in the road, and sometimes a lot of stress. If you’re moving with your furry friend, check out these tips to make the process a bit easier on your pup.

The post New Home Anxiety: Helping our Furry Friends Adjust appeared first on Homes.com.

Source: homes.com

Waltz Away With a Cool Buy! Czech Dance Hall in Omaha Transformed Into a Residence

Omaha Dance HallJoe Braun Photography

A place where people used to dance the polka all night long is available for purchase. Accordion not included.

The property on 13th Street in Omaha, NE, is on the market for $999,900, and offers an array of opportunities for an enterprising buyer.

“Originally, it was a Czechoslovakian dance hall, and then it was converted into a bar,” explains the listing agent, Drew Halvorson.

Built in 1895, the main hall was also a popular restaurant, before an artist and home renovator team purchased the property in 1993 and worked their magic. There are now three separate living spaces on the property.

The former dance hall became their home, and the parking lot was transformed into a 5,000-square-foot garden.

Vines, fountains, and plenty of other interesting touches decorate the space.

“When you first come in the gate, you walk into this very serene and beautiful garden,” Halvorson notes. “Once you get to the center of it, it opens up, and you have a big deck space and little seating areas throughout the entire courtyard.”

Exterior of former dance hall in Omaha, NE

Joe Braun Photography

Exterior

Joe Braun Photography

Garden

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Garden

Joe Braun Photography

Deck

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Garden

Joe Braun Photography

Deck

Joe Braun Photography

Vines

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Entry

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Interior

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Living space

Joe Braun Photography

Living space

Joe Braun Photography

The main house measures 3,324 square feet, with two bedrooms and 2.5 bathrooms. Overhead, the ceilings soar to a height of 20 feet.

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Watch: Back to School? Giant Tennessee Home Was Once an Educational Institution

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“An open floor plan and tons of natural light throughout the whole home from skylights,” Halvorson says, “It’s an entertainer’s dream.”

Living space

Joe Braun Photography

Living space

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Kitchen

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Kitchen

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Kitchen

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Pantry

Joe Braun Photography

The kitchen and dining areas sit just off the main living space. Halvorson touts the kitchen as a great space for gathering.

It has a large island, high-end appliances, a custom range hood, and a pantry with plenty of storage.

Master bathroom

Joe Braun Photography

Master bathroom

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Bedroom

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Master bedroom and loft area

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Bathroom

Joe Braun Photography

The two large bedrooms are upstairs, at opposite ends of the house, each accessed by a huge staircase.

Halvorson explains that the master bedroom has a fireplace, two walk-in closets on either side, and a huge, wraparound bathroom.

Rooftop view

Joe Braun Photography

A ladder goes up into an additional space that the current owners use as a place for yoga and meditation. A door leads out to a rooftop deck with views of the city skyline.

Guesthouse

Joe Braun Photography

Guesthouse

Joe Braun Photography

The guesthouse on the property has two apartments. One has three bedrooms and 1.5 bathrooms, and the other is a basement unit with one bedroom and one bathroom.

Built in 1890, the building was originally called the Settlement House. It was used as a boarding house where immigrants could live until they learned English, found a job, and saved enough money to move out.

Guesthouse bathroom

Joe Braun Photography

Guesthouse

Joe Braun Photography

Guesthouse

Joe Braun Photography

Guesthouse

Joe Braun Photography

Guesthouse

Joe Braun Photography

Both units could provide a buyer with steady revenue to offset the monthly mortgage payment.

“The property itself could provide some very good income,” says the agent.

Halvorson says the larger, two-story unit rents for $1,750 a month, and the smaller one nets about $750.

He’s targeting investors and adds that the units could serve either as long-term rentals or be offered as a nightly vacation rental.

The Omaha downtown area, zoo, and other attractions are nearby, making the spot attractive for vacation rentals.

Garden

Joe Braun Photography

Aerial view

Joe Braun Photography

Aerial view

Joe Braun Photography

There are also three detached garage spaces, a rarity in the neighborhood known as Little Bohemia.

“A one-car garage is a win in this old historic area of Omaha,” Halvorson says. “When it was originally built, there just were not a lot of garages or carriage houses whatsoever.”

Since the property was once zoned commercial, the new owners could keep the space as residential or convert it back into a bar or other commercial venture.

“The perfect buyer is probably somebody who has the vision for mixed use. Somebody who maybe wants to live in the main house and have some income on the side with the rental property. I think that would be perfect scenario No. 1,” Halvorson notes.

Scenario No. 2, he adds, might be somebody who decided to live in the main house and to turn the second house into a bar and use the courtyard as a beer garden.

Garden

Joe Braun Photography

Entry to courtyard

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Stairs

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Office

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Bathroom

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Guesthouse

Joe Braun Photography

View from rooftop

Joe Braun Photography

The post Waltz Away With a Cool Buy! Czech Dance Hall in Omaha Transformed Into a Residence appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

VA Loan Myths

Because of their complexity relative to other mortgage programs, VA loans are the subject of plenty of different myths. Some of these myths are based on truths, but what you hear can end up being very misleading, and it could be entirely untrue.

If you were to take these myths at face value without doing your own research, you might miss out on one of the best mortgage products available. Here’s the truth to some of the biggest myths surrounding VA loans:

Click to check today’s VA rates.

Myth #1: VA loans can only be used once

Because of how useful VA loans can be, some people believe they’re too good to be true. The myth VA loans can only be used once is completely false, but it’s easy to see where this mistaken idea might have come from. If you currently have a VA loan, you are not eligible for a second one.

However, this doesn’t mean you aren’t eligible for a second VA loan ever again.

Once you pay off your current VA loan, you’re eligible to use the program again. There are some small differences after the first time, such as a slightly higher cost at closing. But aside from the small differences, your second VA loan will be similar to the first one that you paid off.

Myth #2: VA members are guaranteed a mortgage

Nobody is guaranteed any type of mortgage, regardless of which mortgage program they’re applying for or whether they’re veterans. You must be approved for a mortgage, which means — depending on which program you choose — meeting credit requirements and having a specific debt-to-income ratio, among other factors.

When a lender says a VA loan is “guaranteed,” they mean the VA backs the loan. The VA guarantee is there to tell veterans they can get a mortgage with no required down payment, competitive mortgage rates and other benefits.

You can learn more about what “guaranteed” means here.

Myth #3: VA appraisals are impossible to pass

It is true that VA appraisals can be stricter than an appraisal with a different mortgage type. But that doesn’t mean they’re impossible to pass, and many VA home buyers don’t have any trouble with the VA appraisal at all. Because the VA is backing the home, they want to confirm it’s in good and livable condition before they approve any type of loan.

If you are applying for a VA loan and want to have a quick, speedy appraisal process, check here for some tips on how to pass the appraisal.

Check your VA eligibility.

Myth #4: Today’s home prices require a higher down payment

There’s no denying home prices have increased over the past decade. This has made homes harder to afford for many would-be home buyers, since down payments are usually used to lower the costs of monthly payments. The higher the downpayment, the lower the monthly payments.

Here’s the truth: with a VA loan, you don’t need to make a down payment and you can still afford a house. The key to buying an affordable home isn’t the size of the down payment, but finding a home within your means.

Many VA members purchase a home without a large down payment. In March, the average down payment for a VA loan was just two percent – below the minimum 3.5% required by FHA loans, and much lower than the traditional 20%.

While a larger down payment will lower your monthly costs, you probably don’t need to make a larger downpayment to be eligible for a VA loan.

Myth #5: VA loans take forever

When comparing FHA loans, conventional loans and VA loans, VA loans are typically the slowest program. According to mortgage software giant Ellie Mae’s October 2020 Origination Report, VA loans took an average of 54 days to close.

By comparison, FHA loans took 52 days to close, and conventional loans took an average of 54 days as well.

So yes, a VA loan is likely going to take longer to close than another program. However, a difference of 2-3 days is small when you consider how much lower VA rates are.

VA loans are slower than other mortgage types, but they do not take forever.

Click to start the VA home buying process.

Myth #6: Surviving spouses don’t qualify for VA mortgages

Actually, many spouses of veterans can qualify for a VA home loan.

Generally, the spouse must be un-remarried and the veteran must have died during service or from service-connected causes. But there are exceptions and other ways a surviving spouse can be eligible.

And, surviving spouses are exempt from paying the VA funding fee. To confirm your eligibility, your VA loan officer will request your Certificate of Eligibility (COE) and verify that it has Entitlement Code 06.

Myth #7: All realtors are good VA home loan advisors

There is no VA loan certification for real estate agents. As a result, you shouldn’t look to your real estate agent for reliable information about VA loans. And an underinformed real estate agent can unintentionally push VA-eligible borrowers towards programs that might be less advantageous for them.

Instead, you should get your VA loan facts from a VA specialty lender whose primary product is VA-backed loans.

The VA loan facts are hard to beat

The proliferation of myths about VA loans can obscure the fact this is simply one of the best loan products available to aspiring home buyers.

The VA loan rates available to eligible buyers — combined with the low down payments — are hard to beat with a conventional or FHA loan. But with a little research and a well-informed VA lender, you could be on your way to a VA home loan.

Click to check today’s VA rates.

Source: militaryvaloan.com

Moving Across the Country with Branden Harvey

After moving from Nashville, Tennessee to Portland, Oregon, Branden Harvey shares his experience of moving from one side of the country to the other. From talking about the good, the bad, and the ugly of moving and how Homes.com can help you, Branden gives you advice for making the leap.

The post Moving Across the Country with Branden Harvey appeared first on Homes.com.

Source: homes.com