Posts made by author 'Sally Decelis'

Several factors are driving the growth of BTR housing:

1. Housing Affordability Challenges

With rising home prices and higher interest rates, many potential buyers—especially millennials and Gen Z—are delaying or opting out of homeownership altogether. Renting provides a more affordable and flexible alternative. BTR communities offer high-quality housing options for those who prefer to rent but still want the feel of a single-family home or modern apartment.

2. Lifestyle Preferences

Renters today are looking for more than just a place to live—they want convenience and amenities. BTR developments often include features like:

• On-site amenities (pools, gyms, co-working spaces)
• Maintenance-free living (landscaping and repairs handled by management)
• Community living (clubhouses, parks, and social events)

This ali...

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The 50/30/20 Budget

This is a formula you can use to help determine how much of your income you may want to put towards three major spending categories–needs, wants, and savings.

With this budget you would divide your take-home income in this way:

• 50% would go towards "needs," such as rent/mortgage, utilities, insurance, gas, groceries, minimum monthly debt payments.
• 30 % would go towards "wants," such as dining out, entertainment, hobbies, gym memberships, and entertainment.
• 20 % would go towards "saving" for future goals, such as paying off all of your debt, saving for an emergency fund, saving for a home, and investing.

A budget is simply a means of measuring and spending your money in a way that ensures your basic needs (such as f...

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How Today's Interest Rates Impact the Real Estate Market: What Buyers and Sellers Need to Know

As we kick off 2025, interest rates remain a hot topic in the real estate world. Whether you're a first-time homebuyer, seasoned investor, or contemplating selling your property, today's interest rates play a significant role in shaping your strategy. Let's break down what the current rates mean for buyers, sellers, and the overall market.

For Buyers: Higher Costs Require Strategic Planning

If you're looking to purchase a home, today's interest rates could impact your buying power. Even a slight uptick in rates can significantly increase your monthly mortgage payment. Here's an example:

• A $300,000 mortgage at 6.5% interest could cost $1,896 per month. At 7%, that same loan could increase to $1,996—a $100 monthly difference, or $36,000 over 30 years.

What Can You Do?

• G...

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