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February 2011

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Fun with statistics: how much inventory is out there in Lancaster County and what are median prices doing?

 

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Berks Lancaster Green Building Association, Lancaster PA green homes

 

Smart Homebuying

With home prices spiraling upward many would-be customers are being shut out of critical price tiers.  I have worked with a number of clients over the past year who are unable to qualify for enough loan to afford even the more entry-level detached homes in the Lancaster PA homes market.  Budgets are being increasingly squeezed to find room for more payment dollars.

Potential homebuyers are looking for ways to increase their buying power: fixing credit scores, working overtime, asking family for financial giftings, etc. etc.  To add to the customer's options, Jeff Geoghan is suggesting a new angle:  look to the home's ability to raise the buyer's bottom line through smart reductions in the home's energy bills.

When considering a particular home, or even a particular style of home, it's important to examine the energy bills to see if the home is in line with the norms for the area.  If not, the budget will be hit (hard) even as those bills continue to climb.  Also, by walking the home and doing some basic research it is possible to see whether new technologies can be applied to save money on the monthly crunch. 

"High Performance homes" is the new buzzword in construction circles.  If you are ahomebuyer who's also concerned about high energy prices and want to know all you can about the home you are buying from an energy standpoint, Jeff R. Geoghan can help! 

Contact us for more details and to set up an green home consultation..