A Guide to Small Townhome Living

Pros and Cons of Buying a New Townhouse | Benefits and Negatives of Owning a Townhouse | What is a Townhome? | Why Townhomes are Better

Pros and Cons of Buying a New Townhouse

It is said that home is where the heart is, so buying a home can be a daunting prospect. There are so many aspects to consider. One of the first decisions that must be made is whether to choose a townhome or a house. Townhomes for sale have many desirable qualities, but houses do as well. Let’s take a look at some of the pros and cons of small townhome living as well as what is a townhome and how are they different.

The differences between townhomes and houses can be broadly organized into three main categories:

• Structure
• Cost
• Privacy

Continue reading “Small Townhome Living – Pros and Cons of a Townhouse” →

Homeownership is one of the most common goals that many people have to build their financial wealth over time. Investing in real estate can allow you to build equity with a property that you buy. If you want to determine if you’re financially ready to buy a new home, there are a few steps you’ll need to take.

Assess All of Your Debt

Assessing your debt is necessary to determine if you can afford to buy a home. Lenders will evaluate your debt-to-income ratio, which should be less than 43 percent of your income to ensure that you can continue to make your mortgage payments each month.

Improve Your Credit Score

Your credit score is one of the main factors that lenders evaluate when determining if you’re qualified for a home loan. Your credit score is a reflection of how well you manage your personal finances and if you’ll make your mortgage payment on time each month. Lenders require a credit score of at least 640. Those who have a credit score above 700 will be eligible for the lowest interest rates that are available.

You can improve your credit score by paying off remaining balances on your accounts and avoiding late payments. Paying more than the minimum amount required can also allow you to boost your score quickly. Avoid closing any of your accounts, which can have a negative impact on your score because it can shorten the amount of time you’ve had the credit history.

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When it comes to buying a new home, a huge factor for homebuyers is whether to tackle the project of a fixer-upper or to buy a move-in ready home.

There are many keys to consider when deciding which route is best for you, and we are here to assist in that tough decision-making process.

Is it best to splurge the move-in ready home and potentially sacrifice the charm or location of an older home? Do you pick the renovation-ready home and risk losing the brand-new kitchen you have been dreaming of? Impression homes is here to help you make the best choice.

Below are a few guidelines to consider when deciding whether to choose from unique fixer-uppers or newer move-in ready homes located in the DFW Metroplex.

Factors to Consider When Deciding Between Fixer-Uppers or Move-in Ready Homes

There are many keys to consider when deciding to buy a fixer-upper or a move-in ready home. What is your budget? Do you plan on doing the projects yourself or hiring a contractor? What are your must-haves? Do you care more about the location of your home or the quality of your home?

Continue reading “Move-in Ready Homes or Fixer-Uppers – What Is Your Best Option?” →

It’s that time of year again and Impression Homes understands the amount of time and energy it takes to find your perfect home. We know this process may seem overwhelming, and you might not know where to begin your search, but we are here to help!

Impression Homes knows your home provides the backdrop for many special moments in your life. It’s not just a structure, it’s a place where memories are created. Impression Homes will exceed your expectations in your new home buying experience. We have an online sales specialist who is here to guide you through a process that may deem daunting at first glance. She will help you locate the perfect community for you and your family, give you current availability, pricing and promotions. Once she has helped you narrow down your search, she will set up an appointment for you to meet with one of our knowledgeable sales consultants. With communities all throughout the DFW area, you are sure to find that perfect home with little stress and valuable knowledge.

To get started on the road to a new home, click here for more information!

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For first-time homebuyers, the prospect of building a home can seem like an unattainable dream. In reality, however, a new construction home is the perfect option for first-timers. By working with professional home builders, you can achieve a home that’s customized to your needs — and your budget.

Turn-Key Construction

When your custom-built home is finished, you can move right in — no remodeling or repainting required. In addition to convenience and comfort, a turn-key home can help you control costs. Although the base price of a fixer-upper is often lower, material and labor costs can add up quickly, exceeding your budget. With a new build, you can rest assured that each component and system is in top working order – no need for fixes or updates.

Great Communities

Many new construction homes are built in friendly planned communities, which offer enormous benefits to homeowners. Since roadways are planned in advance, you can count on an easy flow of traffic and convenient access to major roadways. Many communities feature integrated green space for aesthetics and recreation, in addition to regular maintenance of public spaces. Plus, since lots are designated from the start, you don’t need to worry about property disputes or unsightly buildings.

Continue reading “Why New Construction Homes are Perfect for First-Time Homebuyers” →

There are several different life changes the average family will go through in a lifetime that might call for moving to a home that’s a different size. Kids leaving for college might call for a downsize, whereas having kids might mean your starter home is no longer large enough for your family (and all the stuff that comes with having babies). Or, a change in employment status or salary might affect the amount of home that you can afford. Even if you’re not raising children, moving up in salary might mean it’s time to purchase a nicer home.

Continue reading “Starter home too small? Tips on Upsizing” →

Every year, we build custom homes with beautiful new trends that our clients ask for. Here are just a couple of some of the new trends!

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Just west of Fort Worth where Interstates 20 and 30 meet, you’ll find the lovely little city of Aledo, Texas, and the gorgeous new home community, Morningstar.

There are a multitude of reasons why you might want to move to Aledo. The school district, Aledo ISD, is one of the most sought-after districts in the area, with a 7 out of 10 rating on GreatSchools.

Aledo is only a short drive from downtown Fort Worth, so it’s an easy commute, and easy to head into the city to go to nearby events and attractions. You can also find plenty of events and fun activities just a short drive west, in Weatherford.

Continue reading “New Home Neighborhood Spotlight: Morningstar in Aledo, TX” →

The Dallas-Fort Worth area is a thriving place of business and culture. The area continues to grow, and is a great place to settle down with your expanding family. Here are five reasons the DFW area is a great place for millennial families to call home.

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Even for individuals that have purchased a home before, there can be certain challenges that arise during the course of any search for houses in Fort Worth. When it comes to a first-time buyer, such concerns might seem overwhelming, yet working with the right real estate company can help those fears fade away.

Impression Homes knows that those buying a house for the first time can be uncertain of what to expect. That’s why the five tips below will help offer plenty of reassurance when looking for new homes in the DFW area.

Continue reading “5 Tips For First Time Homebuyers” →