Blog – RESCO

24 Jun 2026

The Hidden Costs of Buying a Home That Needs Updating

Home Buying TipsHome Buying Tips, Homeownership, Real Estate Agent

Many buyers are attracted to homes that need a little work. A property that requires updates may come with a lower purchase price, less competition, and the opportunity to personalize the space. While these benefits can be appealing, buyers should also understand the hidden costs that often accompany renovation projects before making a purchase. Renovation Budgets Often GrowOne of the most common surprises for homeowners is that renovation projects frequently cost more than expected. Materials, labor, permits, and unexpected repairs can quickly increase the overall budget. What starts as a simple project may reveal additional issues once work begins. Delays…

The Home Features Buyers Love Today and Regret Tomorrow

Home Buying TipsHome Buying Tips, Homeownership, House Hunting

Certain home features can create an immediate emotional reaction during a showing. Buyers often imagine how exciting it would be to own a property with unique amenities or impressive design elements. While some features continue to provide value for years, others can become unexpected sources of expense, maintenance, or frustration after move-in. Large Yards Require Ongoing CareA spacious backyard is a dream for many buyers. However, maintaining a large property requires time, effort, and often additional expense. Lawn care, irrigation systems, landscaping, and seasonal upkeep can quickly become more demanding than buyers initially expect. Specialty Rooms May Have Limited UseHome…

What’s Ahead For Mortgage Rates This Week – June 22nd, 2026

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

The week was relatively light following the release of the prior inflation data and the FOMC rate decision. The Federal Reserve decided to keep its overnight borrowing rate unchanged and has indicated no plans to make changes in the near term. Many members of the Federal Reserve Board continue to watch economic conditions closely, as inflation remains elevated across many sectors and could warrant further policy action if price pressures persist. FOMC Rate DecisionThe Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there…