Real Estate North of Boston - Lorrie Parajeckas


When you buy a home, you suddenly realize that your wallet and bank account become quickly drained with all of the expenses involved. If you want to save money when you own a home, you’ll need to find ways to cut down on your spending. This takes some creativity and some budgeting. The good news is that you don’t have to sacrifice everything in order to live in the home you want. There are many ways that you can trim your budget and you probably never even thought of them.  


The Grocery Store


We all need to eat, so you definitely can’t eliminate food from your budget! You can get your grocery bill down significantly with some careful planning. 


One of the biggest problems that people have, when they head to the grocery store, is that they simply shop without a plan. Make a list of what you need to buy. There are certain things that just about everyone needs every grocery trip like milk, bread, and eggs. If you go into the store with a list, you’ll have a plan that you can stick to. Know what you’re going to cook and what everyone will eat throughout the week. If you bring coupons along on a grocery trip, try not to bring anything that you don’t have use for. You’ll overspend if you buy just based on coupons. After you start your new system, you can have a clear budget that will become a habit over the course of time.


Don’t Pay For What You Don’t Use


Are you paying for things like a landline telephone or cable? Do you actually use these services? Cutting the cords can save you a lot of expenses. Also, you’re truly wasting money if you’re paying for something that you don’t use. There’s also some cheaper alternatives available when it comes to these types of services. 


Do More Yourself


While you may have relied on the luxury of a cleaning service or a landscaping service, you can cut these things out of your budget. It’s fairly simple to clean up after yourself, just set some standards with your family in order to keep the house up. As far as landscaping, you can probably do some of the mowing and raking on your own. You can still keep these services, but perhaps you want to save the maid for an every other month deep cleaning of your home. 


Other Places To Cut Expenses


Depending upon your lifestyle and needs, there are probably a few other places that you can save in your budget. These include:


  • Seeing where you can save on insurance policies
  • Finding alternatives for pet care and child care
  • Cutting back on your commuting costs by carpooling or using public transport


When you take a good look at your budget, you’ll see that there are plenty of ways that you can start saving, yet still live in the home of your dreams and keep your lifestyle.



49 Jefferson Rd, Winchester, MA 01890

Single-Family

$1,875,000
Price

12
Rooms
5
Beds
3/2
Full/Half Baths
New England Shingle-style home just completed! Located on a bucolic tree lined cul de sac less than a mile from Winchester center. Picturesque & full of character w/ striking elements such as tall gables trimmed w/ corbels, premium red cedar shingles w/ fieldstone siding & gorgeous landscaping. Upon entry, long sight lines maximize natural light & showcase the flow of the open first floor plan. Custom built-ins, trim, & coffered ceilings frame & punctuate the view, making the high-ceilinged spaces intimate. These impressive open spaces are unified by richly hued 3 ¼" white oak hardwood floors & high-end finishing details, yet are free of excess formality. More than 4,000 beautifully finished square feet over three levels w/ many unique features include 4 custom fieldstone fireplaces w/ circa-1800 reclaimed, hand-hewn wood mantels. The spa-like Master Suite is simply divine. This architecturally distinguished home offers comfortable yet elegant living, & could be yours in the New Year!
Open House
Sunday
January 21 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 49 Jefferson Rd, Winchester, MA 01890    Get Directions

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Buying a home may seem like a smart financial move. However, it may not always be the right time or the right move for you. While buying a home is a great investment, you may not be ready to buy a home of your own. The following questions should help you to determine whether or not you are fully ready to buy a house in the near future.


How Much Money Do You Make? How Much Have You Saved?


buying a home is a significant expense. First, you’ll need quite a large sum of money for a downpayment and closing costs on the home. Second, to get approved for a mortgage, the lender will look at every part of your finances from your income to your assets. Once the home is purchased, you’ll also need quite a bit of capital for expenses including insurance, taxes, HOA fees, emergency funds, utilities, and furniture. You don’t want to buy a home only to be overwhelmed with costs. You want enough of a financial cushion to enable you to furnish your home, decorate your home, and not have a completely empty bank account. That’s why you should make sure that you do make enough money to buy a home.



How Much Debt Do You Have?


If you have established that your income is enough to buy a home, the next thing that you need to establish is that your debt isn’t too high. Before you enter into the adventure of homeownership, you’ll need to make sure that your bills are under control. These expenses include things like car loans, student loans, and credit card bills. Your lender will put your debt into consideration as a part of your entire financial picture. Your debt (including your proposed mortgage payment) should be less than around 36% of your gross income. Before you take the leap into buying a home, you’ll need to make sure that your debt is under control. If you need to take a step back and pay your bills down before you start house hunting, you should as it will make buying a home easier for you.


Are You Seasoned At Your Job?


In order to secure a mortgage for a home, you’ll need to show that you have been at the same job for a certain period of time. Your average income will probably be calculated based on how long you have been at the company and your job history. You should be able to explain any income gaps, changes in positions or companies. Otherwise, you’ll appear to be an unstable person to lend to. Lenders want to know that you’ll have a steady, stable income.


How Is Your Credit?


In order to secure a mortgage, you’ll need to have a good credit score. Check on your credit report when you begin thinking about buying a home. If your credit is on the low side, you’ll want to work on bringing that score up. 


     



49 Jefferson Rd, Winchester, MA 01890

Single-Family

$1,875,000
Price

12
Rooms
5
Beds
3/2
Full/Half Baths
New England Shingle-style home just completed! Located on a bucolic tree lined cul de sac less than a mile from Winchester center. Picturesque & full of character w/ striking elements such as tall gables trimmed w/ corbels, premium red cedar shingles w/ fieldstone siding & gorgeous landscaping. Upon entry, long sight lines maximize natural light & showcase the flow of the open first floor plan. Custom built-ins, trim, & coffered ceilings frame & punctuate the view, making the high-ceilinged spaces intimate. These impressive open spaces are unified by richly hued 3 ¼" white oak hardwood floors & high-end finishing details, yet are free of excess formality. More than 4,000 beautifully finished square feet over three levels w/ many unique features include 4 custom fieldstone fireplaces w/ circa-1800 reclaimed, hand-hewn wood mantels. The spa-like Master Suite is simply divine. This architecturally distinguished home offers comfortable yet elegant living, & could be yours in the New Year!
Open House
Sunday
January 14 at 1:00 PM to 3:00 PM
Cannot make the Open Houses?
Location: 49 Jefferson Rd, Winchester, MA 01890    Get Directions

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Being handy with minor repairs is a skill that benefits any homeowner. Whether it's tightening a door knob or hanging a picture frame there are certain jobs that you don't want to waste time calling someone to help you do. Furthermore, basic maintenance in the home can save you money on repairs. If you're not the do-it-yourself type who dreams of a garage full of every type of power tool there is, fear not. Today we'll show you the essential homeowner's toolbox that contains everything you need to make quick fixes without taking up much room in your cabinet. 1. Tape Measure From measuring a space to fit furniture in to measuring your child's height against the wall, a tape measure will come in handy often. When shopping for tape measures keep in mind that you'll only need one as long as you pick one that's long enough to stretch across the rooms of your home. 2. Hammer and nails There is an endless variety of hammers to choose from. For simple home repairs or hanging things on your wall, you'll only need a simple nail hammer. This is really a two-in-one as it serves as a pry bar if you need to remove any nails as well. For your small toolkit you don't want a huge box of nails. Buy a small box with assorted sizes. The ones you're most likely to use are small or pin-sized nails for hanging picture frames. 3. Level Your hammer and nails won't be much use if you can't hang your picture straight. 4. Duct and electrical tape So you've got a broken broom handle and want to sweep out the house. It isn't the prettiest fix, but duct tape will save you until you have time to get to the store for a new broom. Duct tape has innumerable uses and if you use enough it will hold. Electrical tape should be used for things like live wires or items that are battery powered. This type of tape is an electrical insulator, so you won't get zapped if you use it properly. 5. Screwdriver set To save space in your toolbox buy a handle with detachable bits that suit any occasion. You won't have to worry about whether to buy a phillips head or flathead because you'll have all that and much more. 6. Utility knife A utility knife with replaceable blades will serve you well whether it's trimming a piece of carpet, cutting wrapping paper, or breaking down cardboard boxes. 7. Wind-up flashlight Chances are if you need a flashlight you just use the built-in one on your cell phone. But if the power goes out and you haven't changed the battery in your flashlight for five years you might be out of luck. Wind-up flashlights are battery-free and relatively inexpensive. 8. Pliers  A small set of pliers will fit nicely in your toolbox and will eventually come in handy. Needle-nose pliers are great for bending small objects and often come with a wire cutter included; another two-for-one space saver. 9. Adjustable wrench Whether it's a loose bolt on a lawn chair or a dead spark plug on your lawn mower, you'll need an adjustable wrench to make the fix. 10. Zip ties  Slightly more elegant and less messy than grouping your cables together with tape is connecting them with zip ties. They're handy because they're easy to put on, quite sturdy, and can be removed with one snip of your scissors.  



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