Are you ready to make the leap from living at home or renting – to owning a home of your own? When it comes to moving into the ever-so-adult-territory of home ownership, everyone moves at their own pace. Some young adults feel the pull of a mortgage payment the moment they collect their first paycheck, while others are comfortable leaving the maintenance and responsibility to a landlord as they enjoy the carefree roof over their head!
What about you? Have you taken a moment to consider taking the leap? Let’s take a look at some of the reasons you can use to justify your decision.
Are You Sticking Around?
If you plan on moving soon for a job or think that you won’t be in town much longer, it may be better to rent. However, if you are thinking about living in the same town or within the same county for years to come, it is time to put down roots (honestly, after 3 weeks of sub-zero weather why would you want to leave?). Home ownership can bring stability to your life (if that’s what you desire), and there’s something to be said for knowing you’ll be making a mortgage payment that contributes to a firm financial future, rather than your payment doing the same for someone else (your landlord).
Do You Have a Steady Job?
Those who have a steady job and know that they have a stable salary may want to make the move to home ownership. As long as there aren’t any other major debts eating into your income, you can probably handle a mortgage and other costs associated with home ownership. The equity that you build in your home can help you build wealth for the future, and set you up to climb the ladder of properties.
Do you spend your Sunday’s watching home renovation and home buying television shows?
I don’t know about you. but that beach property I see every weekend looks pretty darn good right about now (despite the recent thaw)! How about the beautiful renovation condensed into a clean half hour of production? The skeptic in me wants to tell the novice home buyer that the rules of reno aren’t accurately portrayed on the tube. As much as I want you to be enthusiastic about buying a home and building equity – you need to know that the road to completion is rocky. That said, the finished product can make the journey worthwhile – you can channel your inner-Bob Vila and create something beautiful and functional that increases the homes value and appeal.
Are you ready to make the leap?
There are more questions you need to ask (or be asked), buying your first home is a HUGE step – and you want to be ready to take it. My suggestion – find a good real estate agent (I know a GREAT guy) that loves working with first time home buyers. You’ll get the tough questions – and the right answers – and be ready for the keys!
Contact me today at (651) 251-4898 or email@example.com if you’re interested in taking the first steps to home ownership in 2018!