The trend these days is to get “a deal” and buy the cheapest house when you buy, but is that the right mind set? How about stretching your finances to buy an expensive home? What do you need to think about before you decide how much to spend?
What are some reasons to buy a more expensive home?
Why might I be a good idea to stretch your finances and not buy the cheapest home?
In the end a mix is probably the best bet. No matter what house you buy, it will be a big expense, so make sure that the house you choose is something you can afford over the years, not just the day you buy it – meaning, take into consideration repairs, maintenance and utilities over time. Sometimes, the cheapest house will end up being the most expensive in the long run!
Have you noticed that new homes being built are getting smaller and so are the lot sizes? The days of the McMansion are over and people are getting a bit more sensible. Smaller homes make sense for so many reasons. Take a look at the infographic below for some interesting information. Double click to enlarge the graphic.
If you are on the fence about selling your home, contact me for a no obligation discussion. Your home may be worth more than you think and I can help you decide if now is the right time for you to sell your home or not!
Just listed 9497 Hames Avenue South in Cottage Grove! This is a well maintained, move in ready home with three bedrooms, two full baths, a three car garage all on a nice flat .29 acre lot! I will be holding an open house on Sunday, July 14th from 3-4:30pm. Stop by to see this home – it won’t be on the market long! Click here for more information.