I see many adult children who want to move out of their parents home and parents who want their kids out. However they don’t have a plan. They don’t set expectations and timelines and they make some or all of the 5 mistakes below. Here are 5 ways to never get our of your parents basement and have a home of your own.
1. Have no budget.
Without a written budget it’s easy to spend more than you make. A written budget will tell every dollar where to go. If you’re living in your parents basement evaluate your budget and look for ways to cut expenses and save money. Resources like Dave Ramsey and the Every Dollar App can help make this easier.
2. Insist On Buying A House.
There is nothing wrong with renting! It’s ok to rent. Renting can be cheaper than buying a home. You won’t have to worry about maintenance on the home and it’s a great way to get out of the house and move toward home ownership.
3. Get Loads Of Debt
If you have debt this affects your ability to rent or buy a home. The student loan problem is one example of this. Work on paying off your debt while you’re in your parents home. If you’re in college or plan on going to college pay for it in cash! Choose a school that’s closer to home and less expensive. Adding debt will not help you get out of your parents home.
4. Don’t Make Enough Money.
Renting or buying a home will be more expensive than living in your parents basement. If you’re working an entry level job or minimum wage job it will be hard to earn enough to move out. Consider other fields that will make you more money. Get a second job. Start a small business or side hustle.
5. Make Sure Your First Home Is Your Dream Home.
Your first home does not have to be your dream home. Your first home is a stepping stone toward your dream home. It’s better to buy or rent a small condo or house that you can afford rather than buying the most expensive house that you qualify for you. You’re first home can build equity to help you get to your dream home down the road.
Let me know your thoughts on this post and please share. Who do you know that is living in their parents basement or has adult children living in their house? Contact us now to let us help them. Matt
Is now a good time to buy a house in Egg Harbor Township, NJ?
I often get asked when is the best time to buy a house. And the answer often depends on your circumstances, goals, and needs. However in this article I post 3 reasons to buy a house now in Egg Harbor Township, NJ.
Interest rates are low. Interest rates are now at about 3.92%. This is a historically low rate. If rates go up that will decrease the loan amount that a buyer can afford.
Inventory is good but shrinking. Inventory is down in many of the neighborhoods of Egg Harbor Township. Lower inventory can cause home prices to increase. Several communities are experiencing price increases. It’s better to buy now before prices continue to increase.
View from Anchorage Point, Egg Harbor Township, NJ
Newer inventory of homes for sale. At the peak of the real estate market Egg Harbor Township was a new construction boom town. Many developments were built at that time. There typically is a good inventory of homes for sale that are built in the 90s and 2000s. If you’re looking for a newer home Egg Harbor Township is a great choice. There are also developers building brand new homes.
Best Buy In Egg Harbor Township! Home for sale $190,000.
I just listed this fantastic house in Egg Harbor Township, NJ. 2 Cary Ct is a lovely home on cul-de-sac location and large .4 acre wooded lot. This home features 4 bedrooms and 2 bathrooms. There is a living room, dining room and eat in kitchen. The 2nd bedroom on the first floor has been converted to a family room and can be converted back to a bedroom giving you two bedrooms on the first floor.
The second floor has two bedrooms and a full bath. There is a large rear deck and fantastic private fenced back yard. New paint and carpet. Roof was replaced 10 years ago and HVAC replaced 5 years ago. Move in ready. Contact us for more details.
Some of the best golf courses in South Jersey Are Located In Atlantic County, NJ
South Jersey is famous for it’s fabulous beaches yet one thing you may now know is that this area is also a great for golf. Right now the Shoprite LPGA classic is taking place in Galloway at Seaview Country Club. This tournament brings the top women golfers to this beautiful bay front golf course.
There are also other fantastic bay front golf courses like the Atlantic City Country Club in Northfield and Linwood Country Club offering incredible views. Just outside of Ocean City in Somers Point there is Great Bay Country Club.
If your not a golfer you can learn from professional instructors at the courses. Our personal favorite is New Jersey Golf Academy. So for great golf consider Atlantic County in South Jersey. And if you’ve ever dreamed of living on the Golf Course we have several great golf communities like Blue Heron Pines, Harbor Pines and The Fairways. Contact us for more details.
How to purchase a vacation home or investment at the NJ shore for under $200,000
Buying a vacation home at the Jersey shore may seem out of reach for most people. Typical beach homes range in the $400,000 range and up. However it is possible to purchase something much less and and actually keep the price under $200,000. Here are 3 ways to purchase a NJ shore beach home for less than $200,000.
Choose a location further from the beach.
Many of our shore town have areas that are further from the beach. These sections typically have more year round residents and more affordable prices. For example, I recently listed this ranch home in Ventnor Heights that was raised and renovated and is currently priced at $190,000. Click here for details on the house.
201 N Somerset Ave, Ventnor, NJ
Choose An Up And Coming Area
Not all shore towns are priced the same and if you’re looking to spend less choose an up and coming area like Atlantic City. Prices for many homes and condos are under $200,000. There are some great locations in Atlantic City and some not so great locations. Choose a local agent who can help you find the right location and home.
Look For A Home Off Shore
If you’re willing to take a short drive you can get more house for the money off shore. Communities like Somers Point are just a 5 minute drive into Ocean City. Absecon is just 5 minutes from Atlantic City and 10 minutes to Brigantine. And if you’re will to drive a little further communities like Egg Harbor Township, Linwood, Northfield and Galloway are within a 20 minute drive to the beaches.
If you’re considering purchasing a shore home or investment please contact us for a free consultation. No matter what your budget is we’re here to help.
On May 9th Our Offices Worldwide Took Time To Donate Time And Resources To Those In Need
RED Day 2019 is a day to Renew Energize and Donate back to the community. This year we were able to help a fantastic organization called Operation Safe Haven. This organization provides free tiny houses to veterans and also provides support services and a community food pantry for veterans in the community. Right now they have 3 homes up and they are expecting more coming later this year.
We had many projects going on for red day and about 150 volunteers from Keller Williams Realty Atlantic Shore and Washington Township offices. We were also joined by many community members who volunteered their time and expertise. Some of our projects included renovating a pump house, putting a new roof on a bath house, cleaning up debris from a demolished building, cutting trees, chipping wood, raking leaves, splitting wood and more. If you would like to learn more about this organization or sponsor a Veteran please visit https://opsafehaven.com/.
New Jersey Golf Academy best golf instruction and group lessons for children, Galloway, NJ
New Jersey Golf Academy is located at Blue Heron Pines Golf Course in Galloway township NJ. Bruce Chelucci is the head instructor and does an amazing job. NJ Golf Academy has great group Instruction and especially does an excellent job for kids of all ages.
Kids learn golf the right way. They learn the fundamentals of golf. How to play safely and have fun. Bruce and his team do a great job. If you want to learn golf or would like your kids to learn Call 609-703-4658 for the NJ Golf Academy at Blue Heron Pines.
Blue Heron Pines
550 Country Club Dr
Egg Harbor City, NJ 08215
Thank you to our wonderful clients for introducing us to the people you care about.
Congratulations to our prize winners!
This year we brought back one of our favorite client appreciation events our Client Appreciation Day at the Cape May County Park and Zoo. We had over 40 people attend this event and participate in our famous photo scavenger hunt! Once again we had a fantastic fajita bar curtesy of Moe’s Southwest Grill. It’s great to catch up with past clients and show our appreciation for their support of our business.
Our goal is to keep in touch with our clients after the sale and be a constant resource to them. Our purpose is for our clients to be so outrageously happy with the help that we provide that they gladly introduce us to the people they care about. So thank you again to our clients for another great day at the Zoo. And if you would like to be our next client contact us for a complementary consultation.
Here's an update on what's happening in the Egg Harbor Township Real Estate Market.
Here’s an update on the trends in the Egg Harbor Township, NJ real estate market. This chart compares February 2019 with February 2018. New listings were down 12.8%. Closed sales were also down slightly from 36 units to 33 units. Days on Market decreased to 70 days. Median Sales Price went up to $184,000. Up 1.4% from the previous year. Percentage of list price received also went up to 98.2% of list price.
To interpret this it means that inventory is down and prices are up slightly. This means we are moving slowly from a buyer’s market toward a seller’s market. If you are thinking about selling your Egg Harbor Township home it may be a good time to consider selling now. Also, If you’ve been waiting to buy a home now is a great time to buy before prices continue to increase. I’f you’re considering buying or selling a home in Egg Harbor Township please contact us for a free consultation.
New home ownership is more affordable than you may think.
If you’re looking for a new home now is a great time to buy a brand new home. We work with several new national and local home builders to help you find the right community and the right location. Several of our home builders are offering homes in the low to mid $200,000 price range. This price range is very competitive with resale homes. So for around the same price as a resale home you can buy a brand new energy efficient home with a 10 year warranty.
Our featured new home community is Artists Walk by Ryan Homes in Mays Landing, NJ. These homes are packed with all the features buyers want at a reasonable price. Visit our Artists Walk page for my depth video tours of each of the model homes. Contact us for a free consultation. With just a few quick questions we can help determine the best option and community for you. Best wishes, Matt