How t o K now When You Ar e Ready a House
t o Buy
Owni ng your own home i s one of t he pr i me goal s of mos t adul t s i n Amer i ca. However , t he ev ent s of t he r ecent mor t gage cr i si s al so t aught buy er s t o av oi d j umpi ng i nt o a home pur c has e t oo qui c kl y .
Owni ng a house has many benef i t s , but i t al so c omes wi t h many r es ponsi bi l i t i es . Pot ent i al homebuy er s s houl d t ak e a c l os e l ook at a number of f act or s bef or e maki ng t he mov e i nt o home owner s hi p.
These f act or s can hel p you deci de whet her t o l ook at si ngl e- f ami l y homes or downt own Phoeni x condos t o sui t your needs.
Fi nanci al Readi ness
Bef or e consi der i ng pur chasi ng a home, you shoul d do a car ef ul r evi ew of your f i nanci al condi t i on.
You shoul d have a st eady i ncome wi t h a mi ni mum amount of per sonal debt .
I f you have out s t andi ng debt , s uch as st udent l oans, car l oans or ot her i ndebt edness, t r y t o pay i t of f bef or e maki ng y our home pur chas e.
Chec k your cr edi t s cor e t o ensur e t her e ar e no unpai d bi l l s on your r ec or d. Your c r edi t s cor e shoul d r ef l ec t y our abi l i t y t o pay bi l l s r el i abl y s o t hat l ender s wi l l of f er a good i nt er est r at e.
Consi der How Long You Expect To St ay
I f you pl an ar ea f or at year s, home pr ovi des bet i ncent i ves t
t o st ay i n t he l east f i ve owner shi p t er f i nanci al han r ent i ng.
However , t he cost s of f i nanci ng, movi ng t o, f ur ni shi ng and decor at i ng a new home can add up qui ckl y.
I t wi l l t ake at l east f i ve year s i n a new home t o make up f or t hese expenses.
I f you pl an on s t ar ea l ess t han f i be mor e f i nanci al c ont i nue t o r ent dur at i on.
ayi ng i n t he ve year s, i t may l y savvy t o f or t he
Wi l l i ngness To Take on Mai nt enance
Home owner shi al ong wi t h i t r egul ar mai nt ext er i or f eat
p al so br i ngs t he need f or enance of ur es.
The t hought of const ant home mai nt enance chor es can det er i ndi vi dual s f r om maki ng t hi s i nvest ment .
They may not want t o spend t i me and money on l awn car e, r oof mai nt enance and ot her i ssues.
Af t er - Tax Cost of Owner shi p
Pot ent i al homebuyer s shoul d al so l ook at addi t i onal expenses t hat af f ect t he cost of home owner shi p.
Tax es and i ns ur ance pr emi expens i v e i n s ome ar eas. t o s t ay wi t hi n a budget , expens es , as wel l as t ax acc r ue f r om home owner shi
ums can be I f y ou ar e t r y i ng c ons i der t hes e benef i t s t hat wi l l p.
Li f est yl e Fact or s
I ndi vi dual s who own a home gener al l y spend a gr eat deal of t i me at home.
They may enj oy bei ng away f r om cr owded ur ban ar eas and want a l ar ge home f or ent er t ai ni ng and houseguest s.
However , ot her peopl e enj oy t he hust l e and bust l e of t he ur ban s cene, and t end t o spend t hei r l ei sur e t i me away f r om home at t he t heat er and i n r es t aur ant s.
These i ndi vi dual s t hat a Scot t sdal e Phoeni x condo bet t t hei r soci al and l t ast es.
may f i nd condo or er sui t s ei sur e
Real Est at e Mar ket Condi t i ons
Anot her f act or t hat can i nf l uence your abi l i t y and t i mi ng i n pur chasi ng a home i s t he l ocal r eal est at e mar ket .
Pr i ces can var y gr eat l y wi t hi n one ar ea or even one ci t y. Di f f er ent t ypes of housi ng can al so var y i n pr i ce.
The val ue of condomi ni ums i n many ur ban ar eas can of t en be much mor e st abl e t han housi ng i n out l yi ng ar eas.
Thi s t r ends makes Phoeni x condos or Scot t sdal e condos wor t h consi der i ng f or many homebuyer s.
I f you ar e l ook i ng f or a condo t o buy i n Phoeni x or Scot t sdal e, We Know Ur ban Real t y wi l l hel p you f i nd t he per f ect pl ace.
Thei r r eal t or s ar e exper t s when i t comes t o ur ban l i vi ng.
Vi si t t he si t e t o see what ' s avai l abl e r i ght now:
www. weknowur ban. com
Wi l l Dal y, Br oker We Know Ur ban Real t y, LLC 834 E Cl ar emont St r eet , No 3 Phoeni x, AZ 85014 ( 480) 510- 8755 Emai l : Wi l l @WeKnowUr ban. com