The FHA new single home family limits for 2021
"The Federal Housing Administration (FHA) calculates forward mortgage limits based on median house prices in accordance with the National Housing Act. Single forward mortgage limits are set by the Metropolitan Statistical Area (MSA) and county and are published periodically." For further information click on the link for "Press Release" dated December 2, 2020 or go directly to HUD.GOV.
The Facts of Life
If 2020 taught us anything, it's a fact, people learned just how valuable it is to own your own spacious home that accommodates all your needs. In the past, apartments were and for some still are a good alternative for people who spend more time at the office, traveling, or on the road than at home. But with lockdowns and working at home, some apartments and residential properties are just too small for 24-hours per day to work, go to school, live, sleep, eat, and entertain a small group of family or friends.
Depending on number of occupants, small spaces puts people's backs against the wall when it comes to work stations for business, school and/or business education. What many people discovered is walls and open spaces within a home or an apartment are not soundproof. And let's not forget, pets are family too. To work efficiently, ergonomically correct office furniture and chairs improves the body and the mind. Just like in the story about the "Goldilocks and the Three Bears," people of all sizes and ages are discovering:
- This chair is too small
- This chair is too big
- This chair is too hard
- This chair is too soft
When it comes to eyesight, lighting has to be just right too! Working morning, noon, and night requires adequate natural light or lamps and ceiling fans. Humans need air circulation, sunlight, and darkness. Previously, it took a lot of money for organizations to figure out room construction to accommodate employees needs. Where you live now, might have been perfect before the pandemic but how is it working for you now? Do you have the sun blinding you while you work because of the direction of the sun? Are you shopping on line for room darkners to cover your windows? Shades? Blinds?
Everyone has to eat. The convenience of eating out in Fast Food places or Restaurants has changed too. Many business owners have gone out of business. Some have curbside only. Others are a hit or miss and depending on where you live and what your Governor dictates, will depend on whether or not it's worth it to hunt for what's open or just stay home and prepare meals in your own kitchen. Is your kitchen large enough? What about the pantry? Do you have enough storage? Closets? Cabinets? Sizes for appliances? Can you even squeeze a kitchen table in your kitchen?
What about exercise? How is that working out for you? Sleeping quarters? Living Room? Location? Do you have access to amenities in your HOA or Subdivision or is everything locked down too? Because of Social Distancing, do you need more or less space? And what about elderly parents and adult children who can't go to schools or buy a home? If they knock, will you let them in to live with you or will you say no?
Now is the time to plan for 2021. If you live and work in the DFW area in Texas, I can help customize a plan for you to buy or sell that meets your needs.
Perhaps it's time to get out of your shell and find a new home ---Patricia Feager
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