If you are Thinking about Buying a home, there are many considerations. Here are a few..
How long do you plan to be in the home? Are you going to grow out of it quickly, get transferred, change jobs or take on family members? The average homeowner today stays in their current home for about 9 years. Usually enough time to Realize appreciation and write-offs to be considered a sound decision. You should commit to staying 5 years. If you do, in most markets you should realize a profit. So be ready to put down some roots.
What can you afford? Most people can qualify for more than they are comfortable spending. There are many online mortgage calculators available. Work out that payment before you do anything else. Don’t forget to add in insurance and taxes. Nobody wants to stay up nights worrying about their payment.
Continue reading to learn more about buying a home.
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