Are you ready to make the leap into home ownership? Are you still living at home? Renting a home to own? While everyone moves at their own pace now is the time to take advantage of the historically low interest rates. In addition to, local and federal programs available to first time home owners. Here are some a few signs to observe to determine if it is time to own your own home. Let’s take a look at some of the reasons you should consider to justify your home buying decision.
Are You Sticking Around?
If you plan on moving soon for a job transfer. Or, plan on moving in the future for other family reasons – it may be better to rent. However, if you are thinking about living in the same city, town or within the same county for years to come – it is time to put down roots! You will appreciate the stability that comes with home ownership. Home ownership can make you more prepared for a marriage and/or a family if that’s the lifestyle you prefer. The stability of home ownership will make you more attractive and considered a “good catch” if you are single and searching for a long-term relationship.
Do You Have a Steady Job?
Are you ready to make the leap into home ownership? Do you have a permanent job or position? Have knowledge that your employer is financially strong and offers a stable salary? This fact may help you decide on home ownership! To qualify for a mortgage you must have limited debts and appear capable to handle a mortgage and other costs associated with home ownership. You will build equity in your home and build wealth for the future when you want to retire. Your home can make a great rental property in the future. This added rental income can help you diversify your portfolio and keep you solvent for years to come.
Are you Ready to Make the Leap into Home Ownership? Are you Spending More Time Watching Television Shows Related to Home Ownership
Have you and your wife noticed that you have started watching housing related shows, e.g. HGTV, DIY Network, Property Brothers, Flip or Flop programs revolving around people or couples who are looking for homes. You may also be watching these programs to obtain knowledge on the home buying process. Or, tips on how you can upgrade your home! If you watch these shows frequently it may be a sign that you are ready to move out on your own and take on the exciting challenge of being a homeowner.
Are you ready to Make the Leap into Home Ownership? Are you ready to be a homeowner in the near future – feel that it’s time to make that leap. For more information on the home buying process give us a call today on 301-483-8073.
We are available to answer all your real estate questions or refer you to one of our experienced mortgage lenders!