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Townhouse vs. Single-Family Home: Which is the better Investment?

by Nancy Heim-berg

When it comes to choosing a home, the decision between a townhouse and a single-family home is a significant one, with various factors to consider. In Omaha, as in many other cities, this choice often boils down to personal preferences, lifestyle needs, and, importantly, the level of maintenance each property type requires.

Townhouses in Omaha offer a community-oriented lifestyle with the benefit of shared responsibilities when it comes to maintenance. Typically part of a homeowners' association (HOA), townhouse owners often enjoy the perks of not having to personally manage the exterior upkeep of their properties. This includes landscaping, communal area maintenance, and sometimes even structural repairs, which are managed by the HOA. The convenience of having these tasks taken care of can be particularly appealing for those who lead busy lives or prefer not to engage in the physical labor of home maintenance. However, this comes at the cost of monthly or annual HOA fees, which can vary and should be factored into the overall budget.

Single-family homes in Omaha, on the other hand, provide a different kind of value. They typically offer more space and privacy, which is a considerable advantage for many. However, with greater space comes greater responsibility. Homeowners are solely responsible for all aspects of maintenance, both inside and out. This includes lawn care, gutter cleaning, and general repairs. For those who take pride in their home and enjoy the process of making it their own, this responsibility is a welcome aspect of homeownership. Yet, for others, it may be seen as a burdensome task that consumes time and financial resources.

The maintenance aspect is just one part of the larger picture when considering housing options in Omaha. Prospective homeowners must also contemplate the initial and long-term costs, the potential for property value appreciation, and the suitability of the living space for their needs. Townhouses often have a lower entry price point, making them an attractive option for first-time buyers or those with a tighter budget. Conversely, single-family homes, while typically more expensive upfront, may offer a better long-term investment with the potential for higher equity gains over time.

In Omaha's diverse housing market, the choice between a townhouse and a single-family home also intersects with considerations of location and community amenities. Townhouses are often situated in strategic locations, offering convenient access to city centers or popular suburban areas. They may also come with added community features such as swimming pools, gyms, and playgrounds, enhancing the living experience.

Ultimately, the decision between a townhouse and a single-family home in Omaha is a personal one, influenced by individual circumstances and priorities. Those considering their options should weigh the pros and cons of each, taking into account the level of maintenance they are prepared to undertake, the type of community they wish to live in, and the financial implications of their choice. With careful consideration, buyers can find a home that not only meets their needs but also aligns with their vision of homeownership in Omaha.

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If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

The Importance of Choosing the Right Mortgage Lender in Omaha

by Nancy Heim-berg

Purchasing a home is one of the most significant financial decisions in a person's life, and it can be an overwhelming process. The role of a mortgage broker becomes crucial in this scenario, especially in a market like Omaha, where the real estate landscape is diverse and the options are many. A mortgage broker is not just a facilitator for your mortgage; they can be the difference between a good and a bad investment, between a smooth transaction and a complicated one.

The Role of a Mortgage Broker

A mortgage broker serves as a middleman between you and potential lenders. The broker's job is to work on your behalf with several banks to find competitive interest rates that fit your needs. Mortgage brokers have a well-developed stable of lenders they work with, which can make your life easier.

Advantages of Using a Mortgage Broker

- Convenience: The convenience of having a mortgage broker cannot be overstated. They schedule appointments, and you can meet with them during your lunch break, in the evenings or even over the weekend.
- Access to a Variety of Loans: Brokers can find loans for a variety of situations, whether you're a first-time homebuyer, buying a second home, or looking for a multi-family investment property.
- Experience and Expertise: They bring years of experience and can explain the complexities of the mortgage process in layman's terms, helping you to make informed decisions.

How to Choose the Right Mortgage Broker

Choosing the right mortgage broker in Omaha requires careful consideration. Here are some detailed steps to guide you through this process:

1. Start with Referrals: Ask friends, family, and colleagues for referrals. Personal experiences can lead you to a trustworthy broker.
2. Check Qualifications: Ensure the broker is licensed and has a good standing with the National Mortgage Licensing System (NMLS).
3. Consider Their Lender Connections: Inquire about the broker's lender connections. A broker with a wide range of connections may find more competitive rates.
4. Evaluate Their Communication Style: Communication is key. You want a broker who is responsive and communicates clearly.
5. Understand the Fee Structure: Be clear about how the broker gets paid. Some are compensated by lenders, others by borrowers, and some by both.

Questions to Ask Potential Brokers

When interviewing mortgage brokers, consider asking the following questions:

- How do you find the best loan for my needs?
- What fees will I be responsible for at closing?
- Can you provide me with references from past clients?
- How do you handle rate locks?
- What is your process for keeping clients informed throughout the transaction?

The right mortgage broker can simplify the home-buying process, save you time and money, and help you navigate the complexities of the mortgage market. In Omaha, with its vibrant housing market, choosing the right broker is even more important. Take your time, do your research, and select a broker who will advocate for your best interests and strive to find the best mortgage for your situation.

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If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

Why You Should Buy a Home in Omaha

by Nancy Heim-berg

Buying a home in Omaha, Nebraska, offers numerous benefits that make it an attractive option for potential homeowners. Here are some compelling reasons to consider:

1. Affordable Cost of Living

Omaha boasts a lower cost of living compared to the national average. Housing, groceries, and overall expenses are about 7% lower, allowing your money to stretch further. The median home price in Omaha is approximately $270,500, which is 16% lower than the national average. Additionally, the average rent for an apartment ranges between $970 and $1,547, making it an affordable option for renters as well.

2. Strong Job Market

Omaha has a robust job market with a diverse economy. Major corporations like Offutt Air Force Base, Nebraska Medicine, and PayPal provide a wide range of job opportunities across various industries. The city's unemployment rate is consistently below the national average, making it an ideal place for career growth and stability.

3. Quality Education

The city is home to several reputable educational institutions, from primary schools to universities. Omaha's impressive graduation rates are nationally renowned, making the school system a major attraction for families with children. This ensures that families have access to quality education, contributing to a well-rounded community.

4. Natural Beauty and Outdoor Activities

Omaha offers plenty of green spaces, parks, and scenic trails. Places like Lauritzen Gardens and Fontenelle Forest provide beautiful settings for outdoor activities and relaxation. The nearby Missouri River also adds to the city's natural charm, offering opportunities for boating, fishing, and other water activities.

5. Vibrant Cultural Scene

Omaha has a rich cultural scene with numerous museums, theaters, and music venues. The city hosts various events and festivals throughout the year, ensuring there's always something exciting to do. Highlights include the Omaha Community Playhouse, the Joslyn Art Museum, and the annual Omaha Summer Arts Festival.

6. Delicious Cuisine

Food lovers will appreciate Omaha's diverse culinary offerings. From world-class steakhouses to cozy family-owned restaurants, the city's dining scene caters to all tastes. Omaha is also the birthplace of the Reuben sandwich, an American deli staple, and offers a variety of other delicious options, including farm-to-table establishments and international cuisines.

7. First-Time Home Buyer Programs

Nebraska offers several programs and grants for first-time home buyers, making it easier to purchase a home. These include down payment assistance and special mortgages with below-market interest rates. These programs can significantly reduce the financial burden of buying a home, making homeownership more accessible.

8. Community Spirit

Omaha is known for its friendly and welcoming community. The city's residents take pride in their neighborhoods, creating a strong sense of belonging and community spirit. This supportive environment makes it easy for newcomers to feel at home and build lasting relationships.

9. Family-Friendly Attractions

Omaha is home to one of the world's largest zoos, the Henry Doorly Zoo and Aquarium, which is a major attraction for families. The city also offers numerous parks, bike lanes, and recreational facilities that cater to families, ensuring there are plenty of activities for children and adults alike.

10. Rich Arts Scene

Living in Omaha means enjoying a rich arts scene. The city has a number of museums, including one of only 11 Latino museums in the nation. Each summer, residents enjoy Shakespeare On The Green, and the city is home to a thriving indie music scene with world-class venues for live performances.

11. Thriving Nightlife
Omaha has a vibrant nightlife with a variety of bars, clubs, and entertainment venues. The city is known for having one of the highest numbers of bars per capita in the U.S., ensuring there's something for everyone to enjoy. Whether you're looking for a quiet night out or a lively party scene, Omaha has it all.

Overall, Omaha provides a balanced lifestyle with affordable living, ample job opportunities, and a vibrant cultural scene. If you want to learn more about buying a home in Omaha, contact us today!

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If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

Purchasing a home is a monumental decision, so you want to ensure you've done your due diligence in ensuring you're the operating systems of the home are in great working order. Among the myriad of factors to be evaluated before sealing the deal, one aspect that demands particular attention is the prospective home's plumbing system. A thorough plumbing inspection is not just a checkbox to tick off; it's a critical investigation that can save you from future financial strain and ensure the safety and functionality of your new abode.

Understanding Omaha's Plumbing Quirks

Omaha's unique climate could present some plumbing challenges. The region's temperature fluctuations can stress pipes, leading to potential cracks and leaks. Moreover, older homes may still have outdated plumbing systems that don't meet current standards. A detailed plumbing inspection can uncover these issues, allowing you to address them proactively.

The Financial Implications of Overlooking Plumbing Inspections

The cost of repairing or replacing a plumbing system post-purchase can be staggering. Without a proper inspection, you could inherit problems like corroded pipes, faulty fixtures, or inefficient water heaters. These issues can lead to water damage, mold growth, and increased utility bills—all of which chip away at your finances and home's value.

Negotiation Leverage and Peace of Mind

Knowing the home's plumbing condition allows you to negotiate confidently. Whether you're requesting repairs or adjusting the offer price, a plumbing inspection report provides tangible evidence to support your negotiations. Furthermore, the peace of mind that comes from knowing your future home's plumbing is sound cannot be overstated.

Safety Concerns and Health Risks

A compromised plumbing system can pose serious health risks. For example, gas leaks are dangerous and can be fatal if undetected. Sewer line problems can lead to sewage backup, exposing your family to harmful bacteria. A comprehensive plumbing inspection will identify these hazards, ensuring your home is a safe haven.

Long-Term Investment and Value Preservation

Your home is more than a living space; it's a long-term investment. Ensuring the plumbing system is in top condition contributes to the overall value of your property. Future buyers will scrutinize this aspect, and a well-maintained system can be a selling point down the road.

The Role of Professional Inspectors

Professional inspectors bring expertise and an unbiased eye to the evaluation process. They use specialized tools to assess the condition of pipes, joints, fixtures, and sewage lines. Their reports provide a comprehensive overview of the plumbing system's health, highlighting areas that require attention.

In Omaha's dynamic real estate landscape, a plumbing inspection is an indispensable tool for any savvy homebuyer. It's a step that ensures you're making an informed decision, protecting your financial interests, and securing a safe environment for your family. As you embark on your journey to homeownership, remember that a thorough plumbing inspection is not just a precaution—it's a cornerstone of responsible buying. So, before you sign on the dotted line, make sure you've delved deep into the pipes and fixtures that will serve as the lifeblood of your new home.

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If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

The First Steps to Owning a Home in Omaha

by Nancy Heim-berg

Purchasing a home is a milestone that many aspire to achieve, and for those looking to buy in Omaha, the process is filled with anticipation and the promise of a new beginning. The journey to homeownership is a complex one, with several steps that need to be carefully followed to ensure a successful purchase. Here is a short guide for new home buyers in Omaha, detailing the steps to take from the moment you decide to buy, to the day you step into your new home.

Step 1: Assess Your Readiness

The first and perhaps most crucial step is to introspect and assess whether you are ready to buy a home. This goes beyond having the financial means; it's about being prepared for the long-term commitment and responsibilities that come with owning a property. Consider your job stability, lifestyle, and willingness to settle in one place for an extended period.

Step 2: Financial Planning

Once you've decided to buy, it's time to look at your finances. This involves reviewing your savings for a down payment, understanding your credit score, and getting pre-approved for a mortgage. A pre-approval will give you a clear idea of your budget and shows sellers that you are a serious buyer.

Step 3: Find a Real Estate Agent

A good real estate agent is your ally in the home buying process. They have the expertise and local market knowledge to help you find a home that meets your needs and budget. Nancy and her team has years of experience helping new home buyers in Omaha.

Step 4: Home Shopping

With your agent's help, start the search for your Omaha home. Make a list of your must-haves, nice-to-haves, and deal-breakers. Attend open houses, schedule viewings, and explore different neighborhoods to find the right fit for you and your family.

Step 5: Making an Offer

When you find a home you love, it's time to make an offer. Your agent will help you determine a fair price based on comparable homes in the area and any other factors that might affect the home's value. They'll also assist you in negotiating terms and conditions with the seller.

Step 6: Home Inspection and Appraisal

After your offer is accepted, you'll need to have the home inspected and appraised. A home inspection can reveal any potential issues with the property, while an appraisal will confirm its value for the lender.

Step 7: Closing the Deal

The final step is the closing process, where you'll sign a lot of paperwork, pay closing costs, and finally, get the keys to your new home. This is when you officially become a homeowner.

Step 8: Moving In

Congratulations, you're now ready to move into your new home in Omaha! This is the time to celebrate and start making the space your own.

For those embarking on this exciting journey in Omaha, remember that patience, preparation, and professional guidance are key to navigating the home-buying process successfully. With the right approach, you'll find a place to call your own in this welcoming city. 

Ready for more homeowner tips? Remember to follow us on our Facebook page!

If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

Types of Income That Do Not Qualify for a Home Loan

by Nancy Heim-berg

When applying for a home loan in Omaha, it's crucial to know which types of income lenders will consider in the qualification process. While lenders are generally inclusive of various income sources, there are specific types that they may exclude. Here's a look at the income types that are typically not factored into mortgage qualification.

1. Temporary or Irregular Income

Income that is not consistent or guaranteed to continue for at least two years is often not considered by lenders. This can include temporary work, contract positions that do not have a long-term commitment, or any sporadic income that cannot be verified as stable and ongoing.

2. Certain Types of Self-Employed Income

For self-employed individuals, income verification can be more stringent. If the income has not been reported on tax returns or lacks a two-year history, lenders may be hesitant to include it in the qualification calculations.

3. Unverifiable Cash Income

Cash income that isn't reported on tax returns or lacks documentation is typically excluded. Lenders need to verify income through tax documents, bank statements, and other financial records. Without this, cash income is not considered reliable.

4. Income from New Employment

If you've recently changed jobs or started a new career, there may be a probationary period before your income is considered stable enough to qualify. Lenders usually require a history of at least two years in the same job or field.

5. Rental Income from Investment Properties

While rental income can be included, there are restrictions. For instance, if the property was recently acquired or the rental history is too short, lenders may not consider this income. Additionally, expenses related to the property may reduce the net income considered for loan qualification.

6. Child Support and Alimony

These income sources may be included if they are expected to continue for at least three years. However, if the payments are due to end sooner, they will not be factored into the qualification process.

7. Income from Annuities or Trust Funds

Unless there is a long-term guarantee, income from annuities or trust funds may be excluded. Lenders look for income that is stable and expected to continue for the foreseeable future.

8. Foreign Income

Income earned outside of the country can be challenging to verify and may not meet the lender's criteria for stability and reliability.

9. Gambling Winnings
While it may be substantial, gambling income is considered too unpredictable and is generally not included in mortgage qualification.

10. Certain Types of Investment Income

Short-term investment income, such as capital gains from assets held for less than a year, may not be considered stable enough for mortgage qualification purposes.

It's important to consult with a mortgage professional to understand the specific requirements of lenders and how your income will be evaluated. Each lender may have different criteria, and staying informed will help you navigate the home loan application process with confidence.

Remember, while some income may not qualify you for a home loan, lenders are looking for stability and reliability in your income streams to ensure you can maintain your mortgage payments over time.

*Disclaimer: This information is for educational purposes only. Always consult with a licensed home loan professional for specific advice tailored to your unique circumstances.*

Ready for more homeowner tips? Remember to follow us on our Facebook page!

If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

What is a Home Loan Estimate?

by Nancy Heim-berg

Embarking on the journey of homeownership in Omaha is an exciting venture, filled with aspirations and also, understandably, a fair share of complexities. Among the myriad of paperwork and financial considerations, one document stands out for its critical role in the home-buying process: the Home Loan Estimate. This document is a beacon of clarity for prospective homeowners, illuminating the path ahead with vital information about the proposed mortgage.

The Home Loan Estimate is a standardized form, a product of the Consumer Financial Protection Bureau's (CFPB) efforts to make mortgage terms and costs transparent and comparable across different lenders. It is a three-page document that succinctly outlines the key aspects of a mortgage offer, allowing borrowers to understand and evaluate the terms and costs associated with their potential home loan.

Let's delve deeper into the components of the Loan Estimate and why they matter:

1. Loan Terms: This section is the cornerstone of the Loan Estimate, detailing the loan amount, interest rate, and monthly payments. It indicates whether the loan is a fixed-rate or adjustable-rate mortgage and informs the borrower of any prepayment penalties or potential balloon payments. Understanding these terms is crucial as they determine the long-term financial commitment of the borrower.

2. Projected Payments: Here, the estimate provides a forecast of how the monthly payments may evolve over the life of the loan. It includes projections for principal and interest, as well as estimated escrow payments for property taxes and homeowner's insurance. This section helps borrowers anticipate changes in their payments and plan their finances accordingly.

3. Costs at Closing: This part of the document breaks down the closing costs associated with the mortgage. It includes lender fees, title fees, and prepaid expenses such as homeowners insurance or property taxes. These costs can significantly impact the initial outlay required at closing, making this section a critical part of the borrower's financial planning.

The Loan Estimate serves not only as a summary of the mortgage offer but also as a comparative tool. By obtaining Loan Estimates from multiple lenders, Omaha borrowers can compare the costs and terms side-by-side, empowering them to make an informed choice and potentially negotiate better terms.

It is important for borrowers to receive their Loan Estimate promptly. The CFPB mandates that lenders must provide this document within three business days of receiving a mortgage application. If there are significant changes to the loan terms during the process, the lender is obligated to issue a revised Loan Estimate, ensuring that borrowers are always informed of the most current terms.

As the home-buying process progresses, the Loan Estimate becomes a precursor to another critical document: the Closing Disclosure. This document finalizes the terms of the mortgage, and borrowers should meticulously compare it with their Loan Estimate to confirm that the terms have not changed unfavorably.

In essence, the Loan Estimate is a powerful tool in the hands of the borrower. It encapsulates the financial details of a mortgage offer, providing transparency and facilitating informed decision-making. It is a testament to the importance of understanding the financial implications of a mortgage and the empowerment of borrowers through information.

In conclusion, the Loan Estimate is more than just a document; it is a roadmap for prospective Omaha homeowners, guiding them through the financial landscape of purchasing a home. It ensures that borrowers are equipped with the knowledge to secure a fair and suitable mortgage, laying the groundwork for a successful and fulfilling homeownership experience. Whether you are a first-time homebuyer or a seasoned investor, the Loan Estimate is an indispensable part of your home-buying toolkit.

Ready for more homeowner tips? Remember to follow us on our Facebook page!

If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

What is Escrow When Buying a Home in Omaha?

by Nancy Heim-berg

When buying a home in Omaha and getting a mortgage, you will hear the term "escrow" mentioned frequently. An escrow is a legal arrangement where a third party holds money or property until a specified condition is fulfilled, such as completing the home purchase as outlined in the agreement.

Escrow protects buyers and sellers during the transaction. The escrow account also holds funds for homeowner's insurance and taxes associated with the mortgage.

There are two types of escrow accounts in real estate: The first holds your good faith deposit to ensure it goes to the right party based on the sale conditions. The second holds funds to cover property taxes and homeowner's insurance.

Escrow Accounts for Buying a House in Omaha

When buying a house, you'll sign a purchase agreement that usually includes earnest money, also known as a good faith deposit, to demonstrate your serious intent to purchase the property. This deposit typically involves providing a personal check for 1-2% of the offer price when making the offer, although it may be higher depending on market conditions.

If the home purchase goes through as planned, the deposit will be applied to the down payment as the buyer. However, if the contract falls through due to the buyer's fault, the seller will likely retain the deposit. The buyer will receive the deposit back if their offer is rejected.

The funds may be held in escrow past the home sale as an escrow holdback. This can happen for various reasons, like issues found during the final walkthrough. For a new home purchase, the money stays in escrow until the buyer approves the work. Once conditions are met, the escrow funds are released.

Taxes and Insurance

After purchasing a home, your lender establishes an escrow account to pay your insurance premiums and property taxes. When the closing is finalized, the mortgage servicer allocates part of your monthly mortgage payment into this account, retaining the funds until it is time to disburse payments for insurance and taxes.

Your escrow payments may change yearly, as your property tax bill and insurance premiums often fluctuate annually. To calculate your escrow payment amount for the upcoming year, your mortgage servicer reviews what was paid from your escrow account in the previous year. They then add a cushion of at least two extra mortgage payments to ensure enough funds will be available to cover any increases in your taxes and insurance.

Lenders will analyze an escrow account annually to ensure they are not collecting too little or too much. If the analysis shows the lender collected too much for taxes and insurance, they will refund the excess amount to you. However, if the lender collected too little, you may need to cover the difference.

Who Manages These Accounts?

If you’re buying a house, an independent third party such as a mortgage service company, title company, or real estate agent will likely manage the escrow account containing your deposit. The escrow company, acting as a neutral intermediary between buyer and seller, will hold the deposit, deed, and other sale documents until the transaction closes. The buyer and seller typically split escrow fees.

Your mortgage servicer manages your mortgage from the closing until you pay it off. They are responsible for collecting payments, maintaining payment records, and managing your escrow account.

An escrow account does not cover all homeownership expenses. It does not pay for HOA fees, utility bills, or supplemental taxes. Lenders cannot predict if or when you will receive a supplemental tax bill, or how much it will be, so you must budget for these potential expenses separately.

Looking for a new place to host your OWN Super Bowl party next year??  Let’s get together and find your PERFECT paring now!  Give our team of experts a call today, and we’ll get your home plan created.  The Heim-Berg Team- 402-677-9024. 

What You Should Know About Omaha HOAs

by Nancy Heim-berg

When considering a move, Omaha homeowners associations deserve careful attention alongside the home itself, as they can profoundly impact your experience in a neighborhood. Living under the oversight of such an organization has potential advantages, but also notable drawbacks.

Before making an offer, investigate thoroughly to ensure you understand the association's rules and their implications for your lifestyle.

What Is An HOA?

Homeowner associations (HOAs) are governing bodies in many communities. They are commonly found in gated neighborhoods, planned communities, and apartment and condo buildings. HOAs are funded and operated by residents, with oversight by a board of directors.

Homeowners associations (HOAs) hold meetings, draft budgets, and enforce regulations and rules. The rules established by an HOA are legally binding.

When properly managed, homeowners associations (HOAs) can increase Omaha property values by maintaining community standards for home and lawn appearance. However, poorly run HOAs can impose excessive costs and bureaucracy that make homeownership difficult.

Members of Homeowners Associations (HOAs) typically pay monthly, quarterly, or yearly dues to maintain shared amenities like clubhouses, pools, walkways, and lighting. HOA fees range significantly based on location and neighborhood, from as little as $50 a month to several thousand dollars per month.

How Do the Rules of an HOA Work?

If you are considering buying a home in a community with a homeowners association (HOA), it is crucial to thoroughly understand the HOA's rules, known as conditions, restrictions, and covenants.

Most HOA rules govern the exterior appearance of homes, such as lawn maintenance standards and approved paint colors for houses. For condominiums and apartments, HOA rules may also address interior issues like pet ownership.

If you don't follow your Homeowners Association rules, you will first receive a request to comply. Continued noncompliance may result in fines, and further violations could ultimately lead to a lawsuit.

Additionally, if you don’t pay HOA fees, the board can put a lien on your home or even require you to foreclose.

What to Find Out About an HOA Before Buying

If you’re looking at a home with an HOA, the following are things to find out or ask your real estate agent to find out for you:

  • To get a sense of the board members' priorities and how they conduct HOA business, try to attend a meeting or, if that's not feasible, request a copy of the meeting minutes. Reviewing the minutes will reveal how the board interacts and whether they prioritize residents' well-being.
  • Unless your homeowners association (HOA) maintains good financial standing, you may face unexpected assessments to fund necessary community repairs and improvements.
  • Are there are a lot of issues between the board and homeowners?
  • You'll need to think about whether the HOA's rules will align with your lifestyle and if you're comfortable with that level of oversight over your home and living space.
  • Go over, in detail, what HOA fees will include.

When buying a home in Omaha, remember that HOA fees and restrictions could reduce resale value in the future. Over time, rising HOA fees may price out potential buyers and shrink your pool of prospects when you want to sell.

Ready for more homeowner tips? Remember to follow us on our Facebook page!

If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

Revitalize Your Space: Unveiling the Hottest Flooring Trends of 2024!

by Nancy Heim-berg

As we enter the new year, it's the perfect time to breathe new life into our homes. And what better way to start than by giving well-deserved attention to our often-overlooked floors? Whether you're gearing up for a major makeover or simply replacing worn-out surfaces, 2024 promises an array of exciting flooring trends, transforming your space into a haven of style and comfort.

 

1. Warm Tile Tones for a Moody Elegance

Step into 2024 with a burst of warmth underfoot! Tile design is turning towards inviting hues like cream, beige, and grey, blending different large formats and tonalities to craft captivating patterns. Jordana Moche, the maestro behind Porcelanosa NYC, predicts a surge in popularity for medium and darker wood-effect tiles and earth-toned flooring. Picture a home with a cozy, moody charm—a true retreat with a touch of hospitality.

 

2. Retro Carpet Revolution: Nostalgia with a Twist

Hold on to your hats because the carpet revolution is here! Audra Keiber, Mohawk's design and development virtuoso, hints at a retro resurgence in 2024. Like vintage furnishings and retro colorways, carpets are making a stylish comeback. Step away from the mundane gray and embrace the unique patterns and warm tones of this nod to nostalgia. Our top pick? The upcoming Karastan release, Stitchery, weaves a classic herringbone pattern with traditional colorways for a truly inspiring finish.

 

3. Familiar Farmhouse Flooring with a Modern Twist

The modern farmhouse style still reigns supreme in 2024. According to Adam Vester, Mohawk's design maven, farmhouse trends are evolving towards warm minimalism with Scandinese influences. Raw textures and organic forms meet Scandi minimalism, creating a visually clean backdrop that transforms living spaces into soft-spoken retreats. Embrace the familiarity of farmhouse flooring with a modern, sophisticated twist.

 

4. Innovative Sustainable Floors: A Green Revolution

Eco-conscious living takes center stage as sustainability and inclusivity drive flooring choices. Audra Keiber emphasizes Mohawk's commitment to sustainability, introducing innovative bio-based flooring alternatives. Expect clean, renewable, and sustainable materials to take the lead in 2024. Join the green revolution and explore flooring options that align with your values.

 

5. Hardwood Floors Reign Supreme in Kitchens

In 2024, we'll see kitchens graced by the enduring elegance of hardwood floors. Mitchell Parker, senior editor at Houzz, unveils the trend, with a quarter of renovating homeowners opting for stained or unstained hardwood. Get ready for smooth surfaces, raw wood tones, and wide planks. While lighter hues make waves, rustic wood's earthy charm remains a steadfast favorite. Dive into the classic herringbone pattern for an elegant and classy appearance.

 

6. A Nod to Nostalgia Across Hard Surfaces

Nostalgia isn't confined to carpets alone—hard surfaces are joining the trip down memory lane in 2024. Adam Vester reveals a trend characterized by clean lines and a pared-back aesthetic. Visualize wood and laminate flooring with enhanced wood looks, featuring more minor character knots. This fusion of midcentury modernism with retro seventies vibes and futuristic elements creates an environment that transcends time, offering a sense of timeless elegance.

 

7. Universal Design for All: Future-Proofing Homes

Homeowners are embracing universal design principles, renovating with everyone in mind. Future-proofing becomes key, ensuring accessibility and convenience for all. Mitchell Parker points out the rising trend of addressing special needs during renovations, focusing on safety. Think nonslip bathroom flooring—a simple yet crucial upgrade that enhances safety for all ages.

 

In 2024, let your floors tell a story of warmth, nostalgia, and sustainability. Embrace the trends that resonate with your style, and transform your space into a haven of excitement and authenticity. Prepare for a year when flooring becomes the star of your home's design narrative!

 

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If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

 

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Heim-Berg Team
Berkshire Hathaway
331 Village Pointe Plaza
Omaha NE 68118
(402) 677-9024
(402) 679-7108 | (402) 830-6123
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Stacey OHara CMG financial 515-306-2360

 

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