Marilyn Ellis, CBR, CHMS, LMS, HAFA
RE/MAX Leading Edge | 781-944-6060 | marilynellis@remax.net


Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 10/19/2017

Looking to purchase your first home? Not sure if you want to purchase a single-family home or a condo? What you purchase will be determinant on your thoughts about the below information. Take a look at the various differences between single-family homes and condos and decide the pros and cons for yourself. Location: Based on your price range, you will typically be able to purchase a condo in a location where you would otherwise not be able to purchase a home. But in return, you are often getting less square footage, closer by neighbors, and smaller outdoor living space. If you sacrifice a downtown city location for a location right outside of the city, you will get more for your money. Do you want to be able to walk to restaurants, shops and maybe work or is a home with free parking a more attractive option to you? It all depends on what is most important to you. Privacy: There will be less privacy when owning a condo versus a home, as neighbors are much closer. Condos typically share a wall with one another, some on just one side and some on both sides. This is an important detail to take into consideration when deciding between a condo and single-family home. Additional Costs: HOA fees or homeowner association fees are monthly fees that condo owners must pay. The fees cover things such as utilities, reserve and contingency funds, amenities, maintenance and repairs, which includes lawn care, snow removal, trash removal, exterior upkeep, etc. These costs vary depending on the condo amenities and policies. However, itís important to be aware that there is the possibility that these fees increase if there is not enough in the reserve to cover unforeseen costs. When owning a home, there are no HOA fees. This means that a homeowner needs to be cognizant of the additional costs of owning a home. Will you purchase a lawnmower and snow blower or hire a service? Will you have the additional funds to pay for unforeseen expenses? These are important questions to consider. Restrictions: Owning a condo has some limitations as there will be restrictions that would not exist when owning your own home (unless you purchase a historical home). There are often restrictions dealing with the exterior of your home, parking restrictions as well as having certain barbecues on decks. Condos are an attractive choice for those looking for a low maintenance lifestyle. And owning and maintaining a home will take more work on the homeownerís part. Itís important to figure out exactly what you want out of a home before you decide on one or the other, but knowing the difference between a single-family home and a condo is a first step.





Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 10/18/2017

Is anyone looking for a good sized rental in the Bradford area? This home is in great condition and well cared for offering 3 good sized bedrooms, 1.5 bath, end unit townhouse, central air, cul-de-sac, landscaped front & back with a Pottery barn palette. Private master bedroom all on its own level with plenty of storage and cathedral ceiling. Easy and comfortable floor plan, Multi-level deck is off of the kitchen that adds more outdoor and backyard space to enjoy. So, strap on your FitBit and take a walk to Cedardale Health & Fitness Club or BJ's.

More Info on this Property | New Listing Alerts





Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 10/12/2017

When youíre shopping for a home, thereís so much to consider. Between the questions of what neighborhood you should live in and what style house you like, you need to think of the most important thing: finances. When you think that youíre financially ready to buy a home, you often will get the notion that itís a good time to just start shopping. Thereís several steps that you must take first before you start shopping for a home. One of the first steps you should consider taking before you make the leap into home ownership is to get preapproved. While buyers still tend to skip the preapproval process, doing this can help you immensely throughout the home buying process. While it may seem an insignificant and kind of boring step, getting preapproved is important for your finances. It may even help you to land in a home that you love faster. Itís actually detrimental to make an offer without a preapproval, because some lenders wonít accept an offer without one. Many realtors verify and require that offers come along with the stamp of preapproval. What Does Getting Preapproved Involve? You may have heard of a prequalification. This is much different from being preapproved. Prequalification involves buyer provided information, just to get a sense of how much they can spend on a home. Preapproval involves credit scores, bank statements, tax returns and more. This process states exactly how much lenders will be willing to give to the borrower. All of the documents needed for preapproval are the same exact documents needed for a mortgage. This helps you as the borrower prepare ahead of time as well. These are some of the kinds of documents that youíll need for preapproval: Pay stubs W-2s from the previous year Federal tax returns from the past two years Two Months of Bank Statements from all of your accounts A credit report While a preapproval is only one step in the long process of buying a home, it speeds up the later steps of securing a mortgage. The process also helps buyers face their financial reality. Donít put off the important process because you fear that you wonít be approved for the amount that you need. Itís also common for buyers to assume that because someone they know has been approved for a certain amount of money that they will be able to get that same loan amount as well. This isnít always the case and another great reason to get preapproved. Errors On Credit Reports Often, there are errors on credit reports. Thatís why you need to check them often. If you have some errors on your credit report, getting preapproved is a great way to check if there are any errors and give you time to fix them before you apply for a mortgage.




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Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 10/5/2017

A beautiful home offers a welcoming feeling even before you enter the front door. If you have strong greenery skills, it's easy to imagine flowers bursting with color bordering the front walkway. Well trimmed hedges might border the front of your house. Even from the outside, your house might look brand new.

Home maintenance areas where money is well spent

Inside your home, the walls are blemish free, the painting fresh. Flooring is polished and even. Or the floor might be covered with soft, clean carpet. Guests to your home may think that it's easy to keep your house looking new, inside and out. But, you know better.

You know that keeping a beautiful home takes work. But, if money gets tight, you might think seriously about cutting one or more home maintenance projects from your budget. Although it's smart to keep a close check on your spending, these home maintenance projects may not be what you want to cut if you want to keep your home as beautiful as it is now:

  • Roof repair - It doesn't cost anything to climb on a ladder and inspect your roof. You can generally also clean out your gutters without spending additional money. If you spot discolored, bubbled or torn roof tiles, replace them.
  • Window seals - Inspect and replace damaged window seals.
  • Wash siding - Rinse house siding. Wash your house with a mild cleaner and warm water. Use a long scrubbing brush to clean the house, then rinse the house siding with warm water.
  • Filters - Check and replace ventilation filters, this includes air filters and appliance filters.
  • Lawn care - Mow your lawn regularly. De-weed your front and back lawns as needed. Also, pick up and remove dead tree limbs and other debris from your yards.
  • Plumbing - Take action on clogged pipes early. You can use mild drainage openers once a quarter or as needed. Also, get in the habit of removing hair from sinks. Avoid using your toilet as a garbage can to keep your pipes and plumbing clear.
  • Floor tiles - Replace floor tiles when they become uneven. it's cheaper to replace two to five floor tiles than it is to wait and replace flooring in an entire room.
  • Carpet - Depending on your carpet type, you may need to replace your carpet every five to seven years.
  • Let water drip - Let your sink faucets drip when temperatures reach below freezing. This can prevent your pipes from bursting.
  • Heavy weight - Remove heavy snow and other debris from the top of your house.
  • Repaint - Consider repainting the interior of your home once every three to six years.
  • Replace - Install new door handles, cabinetry and faucets as needed, especially when the amenities become permanently bent or worn.

Cutting the wrong home maintenance projects out of your budget could speed up the time that it takes your home to start showing signs of wear. It could also cause you to spend more money should a minor irritation turn into a major house repair. For this reason, think twice before you start cutting too much out of our home maintenance budget.




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Posted by Marilyn Ellis, CBR, CHMS, LMS, HAFA on 9/30/2017

This Single-Family in Lowell, MA recently sold for $399,000. This Colonial style home was sold by Marilyn Ellis, CBR, CHMS, LMS, HAFA - RE/MAX Leading Edge.


21 Florence Ave, Lowell, MA 01851

Lowell Highlands

Single-Family

$395,000
Price
$399,000
Sale Price

7
Rooms
3
Beds
2/1
Full/Half Baths
Historic Tyler Park District Neighborhood rebirths a completely renovated old style colonial from top to bottom & inside to out. This is the home where you can sip hot cider on the back porch that overlooks a landscaped and fenced backyard, bake an apple pie from scratch in the custom kitchen and have plenty of space to surround yourself with everyone you love. The rooms are generous in size with well appointed features like crown molding throughout, polished hardwood floors, convenient laundry room/half bath on the first floor, stainless steel appliances. In addition to having three bedrooms and full bath on the second floor there is still plenty of living area with a full finished attic to use as a large home office. Don't miss the basement that's finished enough with a bath that can work as an in law apartment allowing for plenty of extra storage space or to entertain. Bring parents, relatives, or friends to live with you on this one, or spread out on your own.

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