Are You Ready For Home Ownership?
Owning a home may be your dream, but in order for the purchase to be the happy and satisfying experience it was meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities that come with it.
Some people have a notion that home ownership is like renting, but with the power to have pets and paint the walls whatever color you like. However, while these privileges are available to homeowners in most municipalities, they come with the responsibilities of a mortgage, taxes and home maintenance. Preparing for home ownership requires you to take critical stock of your finances and your expectations.
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Questions for Prospective Homeowners
Are you ready to buy?
Owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of home ownership with a realistic expectation of the rewards.
How much can you afford?
It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.
What do you want?
Once you figure out your price range, the next step is discovering what homes are available at those prices. Do you know how you live an a home and what spaces you believe are most important to you in order to have the lifestyle you want? Do you like making the home your own or do you want more of a finished product? We can help you think through all of these factors and more to help you come up with a type of home that will suit your needs for years to come and that you can afford.
We Can Help
The Moyer Team has helped many first time home buyers to learn about the process of home ownership with our Home Buyer Academy program. This highly educational program teaches you the ins and outs of the buying process from start to finish. We talk about the loan process, finding a home, and the process of taking a home from a contract to a closing. While we are teaching you about the process, we also get to know you and your needs so that we can help advise you specifically related to your situation and help guide you towards finding a home that is right for you.
Contact us to schedule your own personal session of the Home Buyer Academy at a time convenient to you.