| Stylish but affordable haven for first time buyers
Redeham Homes highlights that it is becoming increasingly difficult for first time buyers to purchase a home, with figures from the Council of Mortgage Lenders showing that they need to borrow an average of £113,887, equivalent to 3.29 times their income. In addition, calculations by the RICS suggest that a first time buyer couple would need to save 81.8% of their annual income to raise the £32,784 required to cover a deposit, stamp duty and other associated fees.
However, first time buyers in the South East are able to take advantage of the affordability of Redeham Homes' Milliners Place development in Luton, where one bedroom apartments start from only £130,000. In addition, Redeham Homes is offering a special incentive to help buyers take their first step on to the property ladder by paying purchasers 5% deposit along with stamp duty and legal fees.
DID YOU SEE THIS? Housing market excludes some
It's taken four years, but Sonya St. Julien has escaped Lafayette's apartment market and bought a home within her means. The 34-year-old reveled in the realization of her dream Friday morning, on a final walkthrough of her new home in Youngsville. At $170,000, it's about $60,000 more than she targeted when starting the house hunt four years ago. .
Home improvement specialists hope for busy season
Tomah area home improvement specialists are hoping for a busy season this spring. A low economy and high interest rates have slowed business in the past few years, but builders say the calls for appointments have started coming in."Home builders have been suffering from the slow economy," said Scott Wilson of Wilson Builders. "But the phone starts ringing in March and early April. Times start filling up and we just keep booking them through fall."When interest rates are high, remodeling projects are more common than new houses because people are less inclined to invest in an entire home. And when the housing market slows, so does the work, said Bob Kewit of Kewit Construction LLC. To offset these effects many improvement specialists try to spread their projects out over the year by offering lower prices in the winter months when business is slower.
Growing Demand for Eco-Friendly Construction
With rising energy prices and a growing demand for eco-friendly construction, more and more people are coming around to round homes.
When Yosh Schulman and his wife, Nili Simhai, decided to find an environmentally friendly option for their new home in Millerton, N.Y., they chose a prefabricated circular home for some of those specific reasons.
"My wife runs an environmental education center, so we wanted a home that made wise use of natural resources," says Schulman. "Circular home use fewer building materials. Their footprint's impact on the environment is minimal. There are heating and cooling benefits, as well."
Energy efficiency is important for the couple's area of eastern New York State, where residents experience lots of snow and cold winter temperatures.
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