Congrats! You made it to the 2nd week of 2018! Are your New Years Resolutions still in tact? Mine is and I hope yours is too! Or maybe you haven't gotten started on it. Is your Resolution to get out of your rental and jump into home ownership this year? Great! Here are a few things to know about the 2018 housing market and a couple of great homes in Philadelphia for you to get some inspo.
Your housing costs should not exceed 30% of your take home pay. I don't want you to have to give up nights on the town, your daily latte habit, or your favorite yoga studio to pay your mortgage. This 30% rule should at minimum cover the expenses of property taxes and insurance in addition to the principal and interest of your loan. Some would even advise that this cover your recurring costs of utilities and maintenance. If you want to talk to a financial planner to see how this fits, reach out and I'll put you in touch with one of the best in the business!
Mortgage Interest is still a tax deduction. 2017 brought tax law changes for better or for worse. And while some high-value states (N. Jersey, New York) where home values are often above $750,000 are impacted by the limit on mortgage interest deduction, the average Philadelphia homeowner will look to purchase a home below this $750,000 loan limit. If that's the case, you can deduct your mortgage interest in full (if you itemize your taxes). If you want to talk to a tax accountant, I have one of those too. Jerry is great!
Spring is a hot time in the market so start now to beat the rush! It's no secret that the Spring home market is as vibrant as the city itself. Why not get ahead of the masses and start shopping now?! Homesellers in the Winter are often more motivated than their Spring counterparts so let's find a deal together.
Take a look at these homes around Philadelphia that might be a perfect match or just inspire you to jump into the market and let us work together to find your best fit.
603 Galloway St, 19123: 4 bedroom, 2.5 bath stunning new construction with 1 car garage, roof deck, Wolf and Sub Zero kitchen appliances, and a 10-year tax abatement. Take a peek here.
Author:Jeremy Kaplan Phone: 215-317-0248 Dated: January 11th 2018 Views: 180 About Jeremy: Jeremy Kaplan was born in Philadelphia and raised in the Bucks County suburbs. After graduating from...
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Jamie brings a unique kit of tools to the Philadelphia real estate industry as well as to her clients. Combining her extensive knowledge of the Center City and suburban markets, as well as her background as an interior architect and designer, Jamie is able to provide honest and thorough support. She understands each individual client’s need to find the perfect property, as well as see them through every aspect of the transaction with great care. As a “Jack of all trades,” world traveler, adventure seeker, and business professional there is never a lost moment in Jamie’s busy schedule. She carries her passions and her people-based connections through to all of her clients and makes their needs her priority.
Jamie has been in the Philadelphia region for 10 years and has left many marks along the way. As the winner of a Fellowship in 2001 for her development of the first “Woman’s Build” with North Philadelphia’s Habitat for Humanity, Jamie showed her tenacity for Philadelphia. She went on to claim four years as a Project Manager and Lead Designer for Aramark, designing and supporting a client list including: Glaxo Smith Kline, JP Morgan, Merck, and the NFL / MLB Sports Venues. Jamie has since moved on becoming the Architecture and Design Manager for a Global Ergonomics Company. Jamie has an extensive knowledge of GREEN and LEED design and is a continuous member of the IIDA, ASID and USGBC communities. When not working 18-hour days for her clients she can often be found surfing, climbing, creating, or globetrotting. Please Contact Jamie below for all of your real estate needs – she is ready to support you!