Your At Home Team Blog

Can People Use a Reverse Mortgage to Buy a Home?Reverse mortgages can be a practical choice for homeowners with significant equity in their homes. This guide covers the basics of reverse mortgages, and why homeowners or future home buyers might apply for one.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

How Do Reverse Mortgages Work?

The premise of a reverse mortgage functions much like it sounds. People who have mortgages pay a loan back to the lender, usually over many years. With a reverse mortgage, homeowners who have lots of equity use the home equity to secure a loan. So instead of the homeowner paying a mortgage company, the lender pays the homeowner - usually over several years. As the

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Where to Find the Best Farmers Markets In Alexandria VAFarmers markets aren't just a way for neighborhood residents to get healthier foods into their lives, it's also a chance to engage with the greater community. It can lead to connections and friendships that last for lifetimes, and may even make someone discover a new passion. It may sound a little old-fashioned, but there really is something valuable in knowing who is growing the food you're eating! For those living in Alexandria VA, it's time to check out the following farmers markets to round out the weekend plans.

Old Town

Nestled away in Old Town Alexandria is the oldest farmers market in the country: Old Town Farmers Market. Dating back 260 years to the colonial era, multiple historical figures have utilized this farmers market — even

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5 Important Details of a Purchase OfferWhen selling a home, the sellers may look at several purchase offers. This guide identifies five aspects that sellers should consider before making a decision.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

The Offer Price

The purchase price of the home may or may not be the most important aspect of the offer. Many sellers have a minimum price they will accept, which does not always align with the list price. The amount sellers may take could vary depending on the:

  • Length of time the home has been on the market
  • The price in relation to others in the neighborhood
  • Other details of the offer

No seller is obligated to accept an offer, especially

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What Is My Debt-to-Income Ratio?A person's ratio of debt to income could play a significant part in the kind of mortgage loan they can get and the interest rate they may pay. Having too little income or too much debt affects buying power directly. With this guide, prospective home buyers will understand the ratio they may need to buy a home.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Debt-to-Income Basics

Ability to repay a mortgage is one of the most important factors in a person's application for the loan. This is determined through a number of aspects, but an applicant's debt-to-income (DTI) ratio is one of the easiest to calculate. When people input their income and debts

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The Top Parks to Visit in Alexandria VAThe community of Alexandria has long made parks a priority. Within the city limits, there are more than 900 acres dedicated solely to parks. Residents and visitors will discover that there are a variety of parks to visit, from those with playgrounds for kids of all ages to those that offer pristine waterfront views.

These are a few of the best parks in Alexandria, VA:

Founders Park

Located in Old Town Alexandria, Founders Park is a peaceful place where people of all ages can stroll along the edge of the mighty Potomac River. The park is famous for its garden-like atmosphere, where many of the native flora and fauna of Virginia is on display. There's also a dog exercise area within the park, and a volleyball court for those who want to test

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Consider kitchen ambience before deciding to replace or redo cabinetsKitchen cabinets take a beating, but it's not always necessary to completely replace them in order to get a totally new look for the heart of the home. Although totally new cabinets are an option, refacing wood cabinets can be a great choice if price is a consideration. New paint will also change the look of worn cabinetry almost instantly, requiring little more than time and sweat equity.

However, renovating a kitchen will most often require a gutting the existing cabinets and perhaps more extensive updates to plumbing and wiring. It's essential that homeowners have a realistic budget.

Because cabinets represent the largest visual expanse, as well as a significant cost, they should be the starting point of any remodeling plan. Here are some

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5 Home Upgrades That Could Lower Resale ValueWhen homeowners make renovations to their properties, the common underlying belief is that it will increase the home when it comes time to sell. However, not every home improvement can result in a return on investment on the market—in fact, some may even reduce a property's overall value. It may seem that any home improvement is a good idea, but not all of them make wise choices. These home improvements could actually decrease the home's value.

1. Combining Bedrooms or Bathrooms

Homeowners who have older homes with small rooms might decide to consolidate two bedrooms into one, or shorten a bathroom to make way for a bigger closet. This might not be much of a problem for homes with six bedrooms or three full bathrooms. However, if the

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Where to Go for the Best Date Night in AlexandriaThe Martin Agency in Virginia didn't choose the slogan 'Virginia is for lovers' simply because it looked good on a T-shirt. This state has some of the most evocative cities, suburbs, and countryside in the entire US, and Alexandria is no exception. While this city may be primarily known for its historical ties, there are plenty of modern ways two people can have a great night out on the town. In fact, Washingtonian magazine named it the 'Best Place for a First Date!' Check out the following locations for a romantic night that any couple would be sure to remember.

The Observation Deck at George Washington Masonic

This national memorial has one of the most iconic observation decks and gives visitors the kinds of inspirational views that lead to

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Is the Time Right to Install an Addition to Your Home? Additions not only significantly increase the quality of life for those who live in the home, but it can also boost the resale value. From sunrooms to second stories to third bathrooms, there are plenty of exciting ways to expand! But installing an addition comes with its potential drawbacks too, and it's all too easy to go overboard with plans before fully realizing those downsides. Learn more about what to consider before having blueprints drawn up.

Consider the Alternatives

Before radically changing their Cameron station home, homeowners should ask themselves if it's truly necessary or not. Those who simply want more space should look toward their current space before deciding they need more. An unfinished basement/attic, garage, or

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Why Homeowners Shouldn't Delay Home MaintenanceDeferred maintenance refers to putting off standard home repair jobs until homeowners have both the time and money to fix the problems. This is not about delaying the installation of a new jacuzzi when there's nothing wrong with the current bathtub, but about waiting to fix a roof shingle or ignoring the ever-growing number of scratches on the dining room floor. A home improvement checklist might be delayed for any number of reasons, but not every homeowner realizes the consequences of choosing to wait. Learn more about deferred maintenance and how to handle the potential pitfalls should you need to do it.

Recognize the Facts

The real problem with deferred maintenance is that its importance is discounted by busy homeowners who don't have

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