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Insulate ductwork that runs under your house or through unheated areas with blanket insulation
The new lending guidelines announced by mortgage giants Fannie Mae and Freddie Mac will soon help more low-income and first-time buyers afford homes by allowing them to buy a home with a down payment as low as 3 percent
Avoid poorly designed homes--this is often referred to as functional obsolescence. Functional obsolescence reduces the desirability of your home and makes it more difficult to sell. Here are some examples that you should steer clear of:
1) One outlet per room
2) Bedrooms with no closest
3) No bathrooms on first floor
4) Knob-and-tube wiring or fuses instead of a circuit breaker box
Fannie, Freddie give non-investor home buyers 'first look' period [View Article]: Fannie Mae and Freddie Mac are giving first time homeowners an additional 5 day head start on investors to make offers on some of its properties. First time homeowners now have 20 days with no competition from investors to view houses and submit bids. Some of the property listings also come with attractive mortgage terms like 5% down payments and no mortgage insurance. Fannie Mae’s listings can be found on homepath.com and Freddie Mac’s listings on homesteps.com.
