Stephanie Payab - Encino, CA Real Estate, Tarzana, CA Real Estate, Sherman Oaks, CA Real Estate


Buying a home through a cost savings program like the Veteran's Administration, a community financial services firm's initiative or similar program is a great way to save money on the overall cost of owning a home. Participating in these types of programs can also reduce your monthly mortgage payments.

Mortgage savings through an established program

Yet, everyone may not qualify to participate in a mortgage cost savings plan. For example, some organizations only offer mortgage discounts to people who work at their organizations and make a low salary.

To take advantage of other mortgage cost savings programs, you might need to be a member of an association or you might need to be a long standing customer at a bank. Unions also offer mortgage cost saving programs.

Fortunately, not qualifying to participate in a mortgage reduction program at work or through a lender or association doesn't exempt you from saving money when you buy a house. There are ways that you can save money on your mortgage independently.

Don't wait to start saving money as a homeowner

In fact, if you're serious about homeowner savings, you'll be creative and keep looking for ways to save money. You won't accept that owning a house is expensive and simply keep spending unnecessary funds on your house.

Below are homeowners' savings actions that you could start reaping benefits from now. Specifically, you could:

  • Unplug electrical appliances while you are at work and away from home on vacation
  • Close refrigerator and freezer doors as soon as you get what you want out of the appliances
  • Make sure that your washer is full before you wash laundry
  • Hang laundry outside on the clothesline or in your basement instead of using a clothes dryer
  • Limit your use of your dishwasher to occasions when you have a lot of guests over your house
  • Pay utilities and other household bills on time to avoid incurring late fees, fines and penalties
  • Buy healthy foods like leafy greens and fresh fruit to cook with instead of eating out at restaurants
  • Bundle homeowner's, auto and life insurance plans
  • Bundle cable, Internet and phone services if doing so will reduce these payments
  • Regularly price compare costs on utilities, insurance and household expenses
  • Ask service providers if they have a loyalty price reduction plan that you can participate in through your employer or after you've been their customer for a certain number of years

Cut out these costs and you could stay financially on track as a homeowner

Your mortgage payments are the same from month to month if you have a fixed mortgage. What fluctuates are expenses like your utilities, home repairs and home maintenance costs. It's these costs fluctuations that can sink your budget. It's these costs that can tempt you to send in a mortgage payment late.

Avoiding getting in over  your financial head as a homeowner is fairly simple. Honesty and awareness are key. As soon as you start to struggle to pay your mortgage, home repairs and for house maintenance work, look over the last two to three months of your bills.

Reduce or eliminate usage of products or services that you really don't need. Also, focus on growing your savings. Put money away for unexpected repairs. Give yourself enough financial cushion to enjoy living at your house stress free. After all, you didn't buy a house just so you could worry endlessly, pacing the floor and staring at the ceiling late at night wondering how you are going to afford to stay in the house you love.


The real estate market is filled with many high-quality residences, and after a comprehensive search, you've found a residence that fits your personal needs and budget perfectly. However, you may need to think twice before you submit an offer on this residence. There are many factors that homebuyers should consider before they make an offer on a house, including: 1. Neighborhood Ideally, you'll want to find a home in a community filled with friendly neighbors. But in many cases, homebuyers may focus exclusively on a residence and ignore the neighborhood entirely. Taking a walk around a neighborhood often allows you to get a better feel about what it is like to live in a neighborhood and may give you a chance to meet some of the neighbors as well. Also, a simple walk around the block will provide you with a better idea about whether a house's value may rise or fall in the foreseeable future. For instance, a neighborhood filled with houses with well-maintained front lawns, nearby parks and schools and other local amenities may prosper for years to come, and home values may rise in this neighborhood over the next few years. 2. Crime No one wants to live in an unsafe area, and you can learn about crime near a prospective home before you submit an offer on a residence. Contacting a local police station usually is a great idea for homebuyers who want to find out about crime statistics in a particular area. Furthermore, your real estate agent can provide insights into crime in a specific area and help you determine whether a particular house is the best option. 3. Traffic Although your dream home features all of the amenities you want, it might fail to provide you with quick, easy access to your office day after day. For example, traffic can be a problem if your house is located in or near a major city. And if you need to travel to work every day, it is important to understand how traffic could affect your daily commute. To better understand traffic patterns in a particular area, try driving to a residence at different times during the day. By doing so, you can learn about traffic patterns near a house and be better equipped to make a more informed decision about whether to submit an offer on a residence. 4. Taxes You've been pre-approved for a mortgage and have established a monthly budget for a new home, but taxes may vary depending on where you move. Thus, you'll want to learn as much as possible about potential taxes that you could face at a new residence before you submit an offer. Taxes may add up quickly, but homebuyers who budget accordingly can minimize the risk that they'll fall behind on tax bills. And with support from your real estate agent, you can learn about taxes that you may encounter if you purchase a particular residence. If you're fully satisfied with a residence after you consider the aforementioned factors, you'll be ready to submit an offer and move one step closer to moving into your dream house.

Welcome to this Tarzana oasis! Behind the charming gate, this picturesque private property has everything you could possibly need to feel comfortably at home. This 5 bedroom/5 bathroom house with additional bonus room+bathroom (totaling 6 bathrooms) in a separate unit above the garage, has gorgeous wood floors with ample space & storage. The recently updated kitchen shows off it's features, including oversized refrigerator and stainless steel double ovens, and has a lot of counter space. Great for entertaining, it boasts a formal dining room, living room, large family room, and what could be a library/playroom/office. Off of the kitchen, there are maid's quarters which are currently being used as an office w/built-ins. There is also a downstairs powder room that is easily accessible for guests. The kitchen leads to a beautiful patio area overlooking the tranquil backyard with built-in BBQ. The spacious master suite has a fireplace, walk-in closets and bathroom. 3 additional upstairs bedrooms are nice-sized, with one en-suite. The huge bonus room above the garage has a drop down movie screen that is perfect for a screening room, office or playroom. Additional features include: upstairs laundry rooms and downstairs "mud" room, synthetic grass, 3 car garage, locking front gate, electric gate to the huge driveway and so much more!

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18305 Tarzana Drive, Tarzana, CA 91356  

$8,500
Price
6
Bedrooms
6/1
Full/Half Baths
Welcome to this Tarzana oasis! Behind the charming gate, this picturesque private property has everything you could possibly need to feel comfortably at home. This 5 bedroom/5 bathroom house with additional bonus room bathroom (totaling 6 bathrooms) in a separate unit above the garage, has gorgeous wood floors with ample space & storage. The recently updated kitchen shows off it's features, including oversized refrigerator and stainless steel double ovens, and has a lot of counter space. Great for entertaining, it boasts a formal dining room, living room, large family room, and what could be a library/playroom/office. Off of the kitchen, there are maid's quarters which are currently being used as an office w/built-ins. There is also a downstairs powder room that is easily accessible for guests. The kitchen leads to a beautiful patio area overlooking the tranquil backyard with built-in BBQ. The spacious master suite has a fireplace, walk-in closets and bathroom. 3 additional upstairs bedrooms are nice-sized, with one en-suite. The huge bonus room above the garage has a drop down movie screen that is perfect for a screening room, office or playroom. Additional features include: upstairs laundry rooms and downstairs "mud" room, synthetic grass, 3 car garage, locking front gate, electric gate to the huge driveway and so much more!



This listing recently sold for $770,000.

5955 Vanalden Avenue, Tarzana, CA 91356  

$785,000
Price
$770,000
Sale Price
3
Bedrooms
3
Baths
Once you see this charming house on it's tranquil, tree-lined street, you won't want to leave! This 3BD/3BA Tarzana home has an open floor plan filled with updates including a spacious remodeled kitchen with stainless steel appliances, granite counters and large island. The kitchen overlooks an eating area, family room and dining area. Crown molding, french doors, speakers, and a fireplace adorn the great room. Two bedrooms are en-suite and all 3 bathrooms are updated. Ample storage space throughout the home. The backyard has a large sparkling gated pool with heater and a nice-sized patio perfect for entertaining. Water conserving features include solar panels, tankless water heater and imitation grass. You won't want to miss seeing this gem!




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