New Homes Delaware

Woman decluttering, throwing away things from a house

3 Tips for Decluttering Your Home

A house full of clutter doesn’t just look unappealing; it can also affect your mood and productivity. It’s hard to get things done in the midst of chaos. Some people even find that too much clutter makes them feel more stressed out. And the longer you delay organizing your home, the worse the clutter will get. But there’s good news. If your New Year’s resolution was to declutter your home, you don’t have to completely overhaul each room right away. Start small and do a little more each day. Before you know it, you’ll have a beautifully organized home worthy of a Zen master.

Create a sustainable system for your entryway

Does your family usually enter through the front door or the mud room? Whichever entry point receives the most traffic, focus your efforts there first. You’ll need a coat rack or hooks to receive outerwear. If you have a coat closet that’s jam-packed with miscellaneous items, that should be the first thing to declutter.

Next, add a storage space for shoes. A bench with storage underneath will work well for the entryway. You’ll also need a designated space to hold keys, or a key rack on the wall. These designated storage spaces create an organizational system that’s easy for family members to follow, which will reduce future clutter.

Deal with paperwork and junk mail

Junk mail and miscellaneous papers comprise a significant portion of the clutter in most homes. Your first step is to get all of it together in one place. Then, sort it into three piles: One to discard immediately, another for the shredder, and a third to keep. Now that you’ve got your papers under control, you’ll need an inbox tray or basket. Ask all family members to put the mail and any other papers in the inbox tray. Several times per week, sort through it to prevent it from getting out of control again.

Visit donation drop-off points

Your community probably has a Goodwill shop or consignment shop, or perhaps those receptacles for donated clothing placed in strategic areas. Become acquainted with these drop-off points, and use them frequently. As you work through the rest of your home, put items you don’t need and will likely never use again in a box. After a decluttering session, put the box in your car immediately and drop off the items the next day. You’ll love the satisfying feeling you get each time you get rid of another box of clutter.

Check out these new communities in Wilmington, DE

If your growing family needs more space to stay organized, then it’s time to explore the beautiful, family-friendly communities near Wilmington, Delaware. Montchanin Builders invites you to explore the walkable, planned neighborhoods of Darley Green and The Overlook at Rockford Falls. Schedule a viewing of one of our masterfully crafted homes for sale in Wilmington, DE. You’ll find plenty of space for your growing family in our move-in ready homes. Get in touch today at 302-472-7212, and be sure to ask us about special financing opportunities!

Additional resources for homeowners

  1. Good Housekeeping, How to Declutter Your Home, According to Organizing Experts, https://www.goodhousekeeping.com/home/organizing/tips/g656/decluttering-tips/
  2. Prevention, How To Declutter Every Room In Your House To Reduce Anxiety And Stress, https://www.prevention.com/life/a20516000/declutter-your-home-0/
Real Estate "sold" sign

5 Things to Buy After Buying a Home

Before you can fully settle into your new home, there are a few things you need to pick up at the store. Here are a few items to include on your shopping list. To help you acclimate, we suggest acquiring these items within hours or days after moving in.

1. Cleaning Supplies

The previous homeowner likely cleaned up before moving out. However, you will attract a lot of dirt and debris as you haul your possessions inside. You will need a range of cleaning supplies. Consider the following:

  • Mop and tile cleaner
  • Broom and dustpan
  • Vacuum (if the home has a carpet floor)
  • Window spray and roll of paper towels
  • Air freshener

2. Food

It’s fine to order takeout in the first day or two after moving in. However, that quickly gets tiresome; plus, it’s not exactly a healthy option. The sooner you can prepare homemade meals the more quickly you can adjust. By the second day, you should be shopping at the local supermarket to stock the fridge and pantry with fresh food.

3. New Key and Locks

As a safety precaution, we recommend changing all the locks. This includes the lock for the front and back doors, and even the remote opener for the garage door. The previous owner may have given copies of their keys to relatives, friends, and coworkers. It can be unsettling that people you don’t know have access to your home.

Replacing your front door with keyless entry can help. Forget your keys, no biggie – punch in a code and you’re all set!

4. Garden Supplies

Don’t forget the outdoor portion of your new home. You will want to renovate your patio to make it suit your personal taste. You may need maintenance items like sheers, a lawn mower, weed wacker, etc. Of course, not all homeowners may need these supplies. If your new home is part of a homeowner’s association, then there should be hired gardeners that handle lawn maintenance for you.

Other garden add-ons include:

  • Patio furniture set
  • Your favorite potted plants
  • Seeds, if you enjoy growing your own plants, flowers, or vegetables
  • Décor items like lawn gnomes and fountains

5. Comfort Items

This one isn’t really a priority, but it helps make the place feel like home sweet home, especially if it’s in an entirely new city or town. Buy whatever items make you comfortable. If you enjoy burning candles, for example, then buy scented pillar candles. Other examples include pillows for the sofa or new photo frames for photos that you previously stored away.

New Homes for Sale in Wilmington, DE

Thinking about buying a new home? Add Montchanin Builders to your list! Schedule an appointment with Montchanin Builders for a tour of our new, move-in ready properties. Our new communities in Wilmington, DE are ideal for anyone looking for a fresh start. Call today at 302-472-7212.

Additional resources:

  1. Life Hacker, What to Buy After a Move, https://lifehacker.com/what-to-buy-and-what-not-to-buy-after-a-move-1821927480
  2. Moving, 8 Things to Buy After Moving, https://www.moving.com/tips/8-things-to-buy-after-moving-and-not-before/
2019 New Year wooden number and key-house icon on white. 3D illustration

3 Reasons to Make Buying a Home Your New Year’s Eve Resolution

Most New Year’s resolutions are related to health and finances. The start of the New Year is also about fresh beginnings. What better way to start life anew than by buying a new home? The Wilmington area is an especially nice place to settle for families, young couples, professionals and retirees. We suggest home hunting early in January or even before 2018 comes to a close. Here’s a list of a few reasons why the start of the New Year (and 2019 as a whole) is the ideal time for new top home buyers.

1. Less Competition

According to studies, home sales peak during the months of May and June. That’s when competition is at its highest. That means if you find your dream home during this time, odds are that you’ll be bidding heavily with other prospective buyers. This makes sense, since late spring and early summer is when kids get out of school. Moving during this time ensures minimal disruption for children, though buyers will face stiffer competition.

2. Available Services

Buying a new home means moving out of an old one, or moving out of an apartment. If the former, then you will need to hire a real estate agent. You will also need to rent a moving van and/or hire a moving crew to transport your belongings. If you sell and buy during the aforementioned peak months, then that means less availability, since these services might be fully booked. Such services also charge higher rates during peak seasons.

3. Home Buyers Are Aplenty

If you’re selling an existing home in the process, then indicators suggest 2019 is a good time to place your home on the market. Economists predict 2019 to be a good year for sellers for these two reasons:

  • There will be a projected uptick of foreign property investors, higher-paying jobs, and lower taxes
  • As millennials get older, more will enter the housing market. This is a deviation from old trends that suggest millennials are primarily renters or still live with their parents.

These factors should make selling your existing home easier. On the flip side, it might also make the buying part more competitive. This is all the more reason to start early in the year before the peak season beginning in late spring.

Check Out New Communities in Wilmington, DE

2019 is a good time for home buyers, especially if they start early. Montchanin Builders have an inventory of new construction and move-in-ready homes. This is a chance to acquire property in a beautiful new neighborhood. Our Wilmington homes for sale are surrounded by natural scenery and amenities for social activities. We’re confident it’s the ideal spot for your family to settle. Call today to learn more about our new home communities, available homesites and features – 302.472.7212

Additional resources:

  1. Mash Visor, US Housing Market Predictions, https://www.mashvisor.com/blog/us-housing-market-predictions-2019/
  2. U.S. News, Why You Should Sell Your Home in 2019, https://realestate.usnews.com/real-estate/articles/why-you-should-sell-your-home
home sweet home

4 Creative Housewarming Gift Ideas

There are so many exciting aspects of buying a new home in Delaware: From meeting new neighbors to figuring out which is your new favorite coffee shop. Throwing a housewarming party is just one more fun way to celebrate new homeownership. If you’re attending a housewarming party as a guest, you won’t have to worry about decorating the house or arranging the catering. But you should bring a housewarming gift to show your appreciation. Here are a few creative ideas to inspire you.

Practical gifts

Many homeowners prefer practical gifts over knickknacks. If your friend is a first-time homeowner, consider gifting a basic tool set. It’ll make it easier for your friend to assemble new bookshelves and get crafty on the weekends. Along those lines, consider gifting a picture hanging tool so your friend can hang perfectly straight pictures in the new house.

Another practical choice, which many homeowners don’t own but should, is a fire extinguisher. Every building needs one. Residential fire extinguishers are small and easy to tuck out of the way. These days, you can even find fire extinguishers with different colors and patterns on the case.

Small stuff

Small gifts can be just as thoughtful as big ticket items. Consider assembling a gift basket of useful and unique items for your friends. You could have address labels made for the new residence. Chalk labels are always helpful for organizing items in the kitchen or craft room. Toss in a home maintenance guidebook, some fancy candles, and a personalized cheese board to complete the gift basket.

Edible housewarming gifts

Nothing says “Welcome to the neighborhood!” quite as well as edible gifts. You can purchase pre-assembled coffee, hot chocolate, and tea gift baskets, or make your own. Breakfast baskets are also popular. Look for fancy pancake mixes, real maple syrup, jams and jellies, and boxed mixes for scones and biscuits.

Bring your edible gift basket to the next level by mixing in related, but inedible items. If your friends love wine, add some cute wine charms and an electric corkscrew. Look for coasters that are personalized to the geographic area of the new home. In a breakfast basket, you could add a couple of specialized pancake plates.

Living housewarming gifts

Every home needs at least one plant. Help your friends get a head start by bringing a small plant in a beautiful planter. If your friends don’t have green thumbs, look for plants that are hard to kill, like succulents. Another fun idea is to gift several small potted herbs. Your friends will love them arranged on the windowsill in the kitchen.

Check out new homes for sale in Wilmington, DE

Are you ready to achieve the American dream of homeownership? Contact Montchanin Builders to tour our beautiful homes for sale in Wilmington, DE. From gourmet kitchens to inviting wraparound porches, our homes will exceed your expectations. Call us today at 302.472.7212 and ask about getting $15,000 toward your purchase, available on select homesites at the Darley Green. You can also set a personal appointment to tour move-in ready homes available at  The Overlook at Rockford Falls and Darley Green!

Additional resources for housewarming parties

  1. Buzzfeed, 40 Housewarming Gifts People Actually Want, https://www.buzzfeed.com/mackenziekruvant/housewarming-gifts-people-actually-want
  2. Good Housekeeping, 30 Thoughtful (and Affordable) Housewarming Gifts, https://www.goodhousekeeping.com/home-products/g1025/starter-housewarming-gifts/
Wedding checklist

3 Reasons Buying a New Home is Like Planning a Wedding

Few life events require as much planning and preparation as weddings and purchasing a home. But that’s not the only reason why buying a new home is similar to planning a wedding. And believe it or not, some couples actually do both at the same time. If you’re planning your dream wedding and buying your dream home, you’ll notice the following similarities.

You both need to get on the same page about expectations.

They say that opposites attract. However, it’s certainly helpful for both partners to be similar in certain ways. Both of you will need to get on the same page regarding the expectations for the wedding and the home. When you’re checking out the listings of Wilmington-area homes for sale, each of you should keep a separate list of must-have and nice-to-have amenities. For instance, if you have your heart set on a single-family home, but your partner is partial to townhomes, some compromising is in order.

You need to develop a comprehensive budget.

Some couples spend only a few hundred dollars on a bare bones wedding, believing that love is more important than materialism. Others decide to make that perfect day as special as possible, and spend thousands on the florist, venue, band or DJ, caterer, dress, and cake. Regardless of your approach, you and your partner need to develop a comprehensive budget for the wedding that includes allowances for every type of expense. The same method applies to buying a home. Knowing how much home you can afford is only part of the equation. You’ll also have to figure out your down payment, develop a budget for moving expenses, and figure out how much you’ll spend on furnishings and décor. And unless you’re buying a new construction, move-in ready home, you might also have to shell out some cash for repairs.

It’s all about location, location, location.

Selecting the right location is one of the most important steps in the process of either buying a home or planning a wedding. For the wedding, you’ll want a beautiful location that will look great in the wedding photos. You’ll have to decide whether you want to stay close to home or opt for a destination wedding. For your new home, location is even more important, since you expect to be there for years or decades, rather than a day. Look for a community that’s convenient to major attractions and major cities nearby, but also has the right family-friendly atmosphere for your future.

Looking for new construction homes near Philadelphia?

Preparing to purchase a home can be a long, difficult process, but Montchanin Builders makes it easy through our partnership with our preferred lender. Our new home communities in Delaware are close to major attractions and transportation hubs. They’re also neighborly, walkable communities that are perfect for families, individuals, and seniors who are looking for a peaceful sanctuary to call home.

Call Montchanin Builders today at 302-472-7212 or fill out our online form. Schedule a tour of our move-in ready Wilmington homes for sale at our communities of Darley Green, The Overlook at Rockford Falls or The Town of Whitehall.

Additional resources for home buyers:

  1. The Knot, The Dos and Don’ts of Buying a Home While Wedding Planning, https://www.theknot.com/content/buying-home-wedding-planning
  2. U.S. News & World Report, Home or Wedding? Couples Choose the House, https://money.usnews.com/money/blogs/alpha-consumer/2010/08/09/home-or-wedding-couples-choose-the-house
Winter festival holiday season

3 Delaware Winter Festivals You May Not Know About

Delaware residents are a fortunate group, especially during the holiday season when popular attractions and quaint towns come alive with family-friendly celebrations. Winter festivals and holiday-themed events kick off in early November and can be found across the state on just about any given weekend.

Here’s a roundup of 3 winter festivals in Delaware you shouldn’t miss!

8th Annual Analog-A-Go-Go Festival

Head to the small hamlet of Milton for a long weekend of craft beer, exceptional food, and live music. While the Analog-A-Go-Go festival isn’t exactly holiday-themed, there will be tons of handcrafted treasures and unusual finds available for purchase. Headed up by Dogfish Head Craft Brewery, the festival runs from Friday, November 15 through Sunday November 17 and celebrates all things analog. There will be craft cocktails (Dogfish head whiskey anyone?) and unique cask beer, and the much-anticipated artisanal marketplace and live music at Brewings & Eats’ new stage. The outdoor marketplace will feature nearly two dozen merchants selling handmade art, terracotta pottery, crafts, vintage finds, jewelry, music accessories and rare LPs. Buy your tickets online from Dogfish Head for this outdoor event!

Holiday Festival Weekend at Lavender Fields Farm

Just a few miles from Rehoboth Beach off Route 9 is Lavender Fields Farm at Warrington Manor. If you haven’t yet visited this family-owned 5-acre farm, this is the time to do it! The farm is hosting their annual holiday festival weekend just after Thanksgiving. Stop by Friday, November 23 through Sunday, November 25 for fresh apple cider, holiday refreshments, and tons of fabulous lavender items. The onsite gift shop sells natural lavender bath and body products as well as fancy culinary items.

Winter Arts Festival at the Delaware Art Museum

The Delaware Art Museum in downtown Wilmington is celebrating with a Winter Arts Festival, geared especially for families. Held on December 7, from 12 Noon to 8 PM, the event will feature winter-themed art projects for kids, live performances from local choirs, seasonal decorations and locally-produced arts and crafts for sale. Fuel up for a day of fun at Toscana in the Museum’s Thronson Café, and if you have a membership, be sure to check out the special discounts at the museum store.

Thinking of purchasing a home in Delaware?

Enchanting winter festivals and holiday events are just some of the reasons why people love Delaware. It’s a great place to live, work, raise a family, and enjoy the area’s vibrant culture and sense of community.

If you’re thinking about relocating to the first state, Montchanin Builders can help you find the home of your dreams. Check out our beautiful homes for sale in Delaware at Darley Green, The Town of Whitehall and The Overlook at Rockford Falls!

Schedule a home tour today by calling today – 302.472.7212!

Additional Resources on Delaware Winter Festivals:

  1. Visit Delaware, Winter Festivals https://www.visitdelaware.com/events/winter-festivals-events/
riverfront foliage

3 Romantic Autumn Escapes in the Brandywine Valley

The Brandywine Valley is a pastoral paradise, filled with dazzling country estates, artisanal vineyards and flowering gardens. Considering the spectacular fall foliage and cooler temperatures, autumn is the perfect time of year to enjoy a romantic escape in Brandywine Valley, Delaware.

Here are three special Brandywine valley attractions to take your loved one to this fall!

Brandywine Wine Trail

Experience all that makes the Brandywine Valley such a romantic wine-tasting destination. Explore five enchanting estate vineyards and sample small batches of premium varietals on a tour of the Brandywine Wine Trail. There are cozy tasting rooms and barrel-aging cellars filled with Merlot, Petit Verdot, Cabernet Sauvignon, Sauvignon Blanc, Malbec and Syrah. Set midst some of the area’s prettiest scenery, these family-owned establishments are uniformly lovely and produce some exceptional wines. As an added bonus, a romantic vineyard escape is within minutes of nationally-acclaimed attractions like the Winterthur Museum & Country Estate and the Brandywine River Museum of Art.

Sweetwater Farm Bed & Breakfast

Brandywine Valley’s picturesque countryside was made famous by the works of Andrew Wyeth, and there’s no better place to immerse yourself in this natural beauty than Sweetwater Farm Bed & Breakfast. This 50-acre historic estate, with its breathtaking grounds, is the perfect destination for a heavenly autumn escape. The Inn’s Quaker farmhouse dates back to 1734, and later additions have provided 14 elegantly-appointed guest rooms spread among the Manor house and surrounding cottages. There is a wonderfully cozy den with roaring fire, a billiard room and hiking trails that wind through pastures and fields. The Grace Winery is the latest addition to the property, and a relaxing spot to sample wines, cheeses and chocolates while mingling with other guests. Rooms are spacious, private and kept deliciously warm thanks to gas fireplaces.

Longwood Gardens

Experience the glory of autumn foliage at Longwood Gardens, which changes with the seasons. Voted one of the best public gardens in America, Longwood is one of the most romantic places to view fall’s vibrant colors. You’ll find this landmark attraction on 1001 Longwood Road in Kennett Square. Take a leisurely stroll through Meadow Gardens, or visit the Conservatory where Asian-inspired lanterns are sure to set your heart aglow.  October evenings feature illuminated fountain performances, live music and other themed events. Autumn’s colors are on view at Longwood Gardens until November 18 – book your tickets in advance!

Homes for sale near Brandywine DE

Romantic escapes are just one great reason to move to Delaware, particularly to Wilmington and the Brandywine Valley. The region is brimming with stately manor homes, family-friendly townhouses and luxurious condos close to stunning attractions. If you’re considering Brandywine Valley DE real estate, or move-in ready homes in Wilmington, contact Montchanin Builders for more information about our fantastic residential communities like Darley Green. In terms of central location, quality construction and amenities, you won’t get better than Montchanin Builders’ new construction condos and townhouses.

We offer attractive financing options, low mortgage rates and welcome you to schedule a home tour today!

Additional Resources on Brandywine Valley Fall Escapes:

  1. Travel Channel, Brandywine Valley Weekend Guide https://www.travelchannel.com/destinations/us/pa/articles/brandywine-valley-weekend-guide
  2. NorthernVA magazine, Take a weekend getaway to Brandywine Valley https://www.northernvirginiamag.com/things-to-do/travel/2017/09/05/take-a-weekend-getaway-to-brandywine-valley/
  3. Visit Wilmington, Autumn Weekend Escapes for Couples & Girlfriends in Wilmington & the Brandywine Valley https://www.visitwilmingtonde.com/plan-your-trip/blog/post/stunning-autumn-weekend-escapes-for-couples-girlfriends-in-wilmington-the-brandywine-valley/
Sweet dog so cute mixed breed with Shih-Tzu, Pomeranian and Poodle looking something in a coffee shop cafe

Pet-Friendly Activities in Wilmington, Delaware

Wilmington is a great place to own a pet — from pet-friendly restaurants and attractions to dog-friendly beaches, pooches and their owners feel at home here. Montchanin Builders gives you some top recommendations for things to do with your pets in Wilmington.

Brew Haha!

Multiple locations: 5329 Limestone Rd – 1420 N du Pont St – 3636 Concord Pike

Well-behaved pets are welcome to join their people at the outdoor seating at these pet-friendly restaurants.

Cafe Mezzanotte

1007 N Orange St

Your faithful companions are welcome to join their people at the outdoor seating at this pet-friendly restaurant.

Dog Dayz

3000 West 2nd Street

The business offers full-service doggie day care and in-home pet sitting services. Bathing and nail trims available for daycare clients. They specialize in rescue dogs!

Iron Hill Brewery & Restaurant

620 Justison St

Bring your pet and enjoy the scenic outdoor seating at this pet-friendly restaurant. Please contact the restaurant in advance to make sure will be adequate seating for you and your companion.

Quadsquads Tiny Paws

200 North Maryland Avenue

This is a small breed dog grooming salon, servicing dogs 35 pounds and under.

Rockford Park Off-Leash Area

Tower Drive

Need a place for your pet to stretch his legs? The Rockford Park Off-Leash Area lets Fido/Fifi roam free, socialize and play to their heart’s content. Please follow park rules carefully.

Riverfront Pets

 311 Justison St

Take Fido on a shopping spree at this boutique store featuring natural foods, high-quality dog toys and supplies, grooming and more!

Lums Pond State Park

610 Shipley Rd

Sometimes a pooch just needs to roam. The Lums Pond Off-Leash Area is a tether-free doggie paradise, with a pond just right for swimming, grounds for playing, and a picnic table to sit and hope for crumbs under..mmm!

Luxury Homes for Sale in Wilmington DE

Montchanin Builders creates communities of luxurious homes in Delaware, including the highly in-demand Darley Green and The Overlook at Rockford Falls in Wilmington, DE. Our homes have been praised in the national media for their stand-out design and comprehensive craftsmanship. We have fostered a reputation for being exhaustively detail-oriented and providing exceptional customer service.

Interested in new homes for sale in Delaware? Contact us today to schedule a tour at one of our exceptional communities – 302.472.7212. And bring your pet to sniff us out – after all, it will be their home, too!

Additional Resources:

  1. Bring Fido, “Dog-Friendly Actifvities in Wilmington, DE,” https://www.bringfido.com/attraction/city/wilmington_de_us/
  2. Dog Friendly, “Off-Lease Dog Parks and Dog-Friendly Parks,” http://www.dogfriendly.com/server/travel/uscities/guides/us/dogparks/dogparksDEWilmington.shtml
  3. TripsWithPets.com, https://www.tripswithpets.com/pet-friendly-activity/restaurants/united-states/de/wilmington/cafe-mezzanotte
money for house

5 Ways to Boost Your Credit Score Before Buying a Home

Remember the days when you wished you paid more attention to your grade point average in high school when it came time to apply to colleges? Well, post-graduation, you may experience the same anxiety about your credit score if you haven’t taken steps to optimize it prior to applying for a mortgage loan. The good news? It is relatively easy to improve your score if you take some simple steps.

Here’s some more good news: Montchanin Builders has partnered with one of the most highly-respected mortgage lenders in the country, Supreme Lending, to provide custom financing for our amazing collection of new construction homes and award-winning communities in Delaware. Regardless of what your credit score is, we invite you to contact Montchanin Builders to learn about our special financing options, which let you take advantage of some of the industry’s lowest rates and closing costs.

Why Worry About Your Credit?

“A good credit score makes life more affordable,” says Bruce McClary, vice president of communications for the National Foundation for Credit Counseling. “Even when you don’t need a good score in the moment, you should be doing things to help you build toward the best credit you can have.”

The mortgage professionals Montchanin Builders has partnered with know a good credit score goes beyond the ability to get a housing loan at the best terms — it can also save you substantial dollars on necessities like utilities or a cell phone plan. If you are considering one of the new homes in Delaware, read on for sage advice.

How Your Credit Score Works

Your credit score is determined using several types of data, including your payment history, how much credit you have and length of credit history.

Here are five steps the pros suggest to help improve your score and get back on the bright side of borrowing.

  1. Know thyself.

Many people don’t realize you can check your credit report for free once a year from each of the three main credit reporting agencies, TransUnion, Equifax and Experian. However, your score won’t be included on these free reports — you’ll usually have to pay a fee to see it.

Third-party websites like 3freescores.com and creditkarma.com can provide a simulated score at no cost. While it’s not exactly the same number that lenders see, it should give you a pretty good idea of where you stand.

  1. Pay. Your. Bills. NOW.

Your payment history is the single biggest factor in determining your credit score. Lenders are reluctant to give money to someone who has a history of missed payments.

Paying a bill more than 30 days late can drag down your score. “One single missed payment can drop your score anywhere from 100 to 300 points,” said McClary.

If you experienced a time where money was tight and you were late with some payments, here’s your opportunity to turn things around. Set a strict budget and start a habit of paying your bills on time. If you had extenuating circumstances, such as a medical illness and bills have gone to collections, take the opportunity to reach out to the bureaus to explain the situation.

It may not help – but it can’t hurt.

  1. Take charge of your debt.

Keeping your balances low will help raise your credit score. The goal? Keep your debt utilization (the amount of available credit you actually use) as low as possible.

A good rule of thumb is to never let the balance be more than 30% of the credit limit — of any one card or in total. If you are carrying a balance on any revolving accounts, make a plan to get them paid off as soon as possible.

  1. No credit? Get some.

While it’s not necessary to have a vault of credit cards, having one or two that you use responsibly will boost your score.

If you don’t have a credit card, we recommend opening an account and making a small purchase each month and paying it off. One option for the credit-challenged are “secured cards,” in which you pay a deposit up front which you then charge against to build a history.

  1. Patience is a virtue.

Remember: good credit scores don’t just appear magically – they take work. What’s more, the positive effects of your efforts could take a few months to show in your score.

Custom Financing For New Construction Homes in Wilmington, DE

We are proud to partner with Supreme Lending. Ranked #33 in the Top 100 Mortgage Companies in America, Supreme Lending is known for its time-honored philosophy of “building customers for life.” Their “old school” way of doing business is testament to why the majority of Supreme’s clients come from referrals from satisfied customers and real estate professionals who know a Supreme Lending sale is as good as done.

We invite you to go on a tour of our move-in ready homes in Wilmington, DE and meet with our mortgage lender to see how you can make your dream a reality.

More Resources:

  1. Time, “7 Ways to Improve Your Credit,” http://time.com/money/collection-post/2791082/7-ways-to-improve-your-credit/
  2. Washington Post, “How to Improve Your Credit Score,” https://www.washingtonpost.com/news/get-there/wp/2018/06/07/how-to-improve-your-credit-score/
money for house

How to Save Up to Buy Your First Home

Saving up for your first home may seem daunting. But with the great financing options available from Montchanin Builders in Delaware, credit-qualified buyers can secure a mortgage on a new move-in ready home by putting down as little as 3.5%. No matter what your down payment goals are, there are plenty of effective strategies you can use to help you reach that number without neglecting your other long-term savings goals along the way, like your retirement funds.

Figure out how much you’ll need to save

Lenders prefer to structure mortgage payments so that one payment (including private mortgage insurance and property taxes) won’t be higher than 28% of your monthly income before taxes are taken out. If your income fluctuates from month to month, then this percentage should be closer to 20%. Based on your anticipated monthly payments, you can calculate about how much house you can afford.

Develop a savings plan

Now that you know about how much of a down payment you need to save, you can figure out how much you’ll need to save each month, based on your self-imposed savings deadline. You can work toward your goal by taking a two-pronged approach: Reduce your existing expenses and bring in more income.

Bring in more income

Side hustles are totally doable, even if you have a demanding full-time job. If your day job has set, predictable hours, consider picking up a part-time W2 position. Freelancing is also a viable option. If you have a teacher’s license, for instance, you could start tutoring students online. There are plenty of online tutoring hubs where you can hang up your digital shingle. Alternatively, think back to your high school days. Did you walk dogs or babysit kids? Consider signing up to being a Rover dog walker or a Care.com sitter.

Reduce your bills

Get the most bang for your buck by comparison shopping for everything. Visit your independent insurance agent to ask whether you could save a few bucks on car and renter’s insurance by switching to another company. Cancel your cable service and instead opt for a much cheaper online TV and movie streaming service. Switch your unlimited phone plan to a cheaper version—just make sure you don’t go over your texting, talking, or data limits. Next, take a hard look at any subscriptions you have. Perhaps you subscribe to paper versions of magazines or your local paper. Would a digital subscription save money?

Reduce your living expenses

Your daily living expenses include things like groceries, clothing, to-go coffee, and haircuts. Keep track of every cent you spend for a week or two. Then, review your list of expenses and consider how much you could save each week if you reduced these expenses. Perhaps you could go to a less expensive salon for haircuts (and skip the manicure). Use an insulated travel mug and bring your coffee to work. Experiment with big batch cooking, which can save both time and money.

Lifestyle adjustments can be difficult at first, but once you see your savings account grow, you’ll be even more motivated to stick with it.

Tour new construction homes in Wilmington!

Montchanin Builders invites aspiring homeowners to tour our beautiful, new communities of Darley Green, The Overlook at Rockford Falls, and The Town of Whitehall. Our move-in ready homes in Wilmington, DE offer both elegance and modern convenience for all home buyers. You can schedule a tour today by calling 302.472.7212. Be sure to ask us about our special financing deals, including up to $15,000 toward your new home purchase!

Additional resources for purchasing new homes in Delaware

  1. The Motley Fool, Here’s How 44 Million Americans Are Getting Richer, https://www.fool.com/retirement/2017/07/16/heres-how-44-million-americans-are-getting-richer.aspx
  2. Forbes, Nine Smart Tips To Save Up For A Down Payment On A Home, https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/01/nine-smart-tips-to-save-up-for-a-down-payment-on-a-home/#2b8ef864498f