Ignite FB Tracking PixelBuy Less Home Than You Can Afford - Charlie Gersey

Buy Less Home Than You Can Afford

by Charlie Gersey 12/10/2018

If you've been pre-approved for a mortgage, you can enter the housing market with a budget in hand. In fact, this mortgage will enable you to spend up to a certain amount on a house. But in many instances, it pays to buy less house than what you can actually afford.

Ultimately, there are many reasons to consider purchasing a house below your means, such as:

1. You might not have to worry about significant home maintenance.

A small house likely means less home maintenance than would be required in a large house. Therefore, you may be able to spend less time worrying about keeping your residence looking great if you acquire less home that what you can afford.

Of course, let's not forget about the money that you might save by purchasing an affordable residence. If you buy an inexpensive home, you may be able to use the money that you save to hire professional home cleaners, landscapers and others to help you enhance your residence's appearance.

2. You'll be better prepared than ever before for unexpected expenses.

There is no telling when a family emergency, natural disaster or other dangerous situations may arise. Fortunately, if you spend less on a house now, you may be better equipped than ever before to handle the expenses commonly associated with these unforeseen events.

Purchasing a cheap house may prove to be valuable if you encounter costly, time-intensive home repairs down the line too.

For example, your home's roof won't last forever, and you likely will need to fix or replace it at some point. But if you purchase a budget-friendly home, you may be able to save extra money that you can use to cover the costs associated with various home repairs.

3. You'll have more money that you can use to personalize your house.

The money that you save on a house today may be used to upgrade your home both now and in the future.

For instance, if you want to install a deluxe swimming pool or fire pit in your backyard, spending less on a house now may provide you with the financial resources that you need to fund these projects. And if you complete a broad range of home renovations, you may be able to increase your house's value as well.

Deciding how much to spend on a house can be a tough decision for any homebuyer, at any time. If you collaborate with a real estate agent, you can explore a vast array of residences that fall within your price range.

A real estate agent will learn about your homebuying goals and tailor your home search accordingly. He or she also will set up home showings, keep you informed about new residences that become available and ensure that you can discover a home that matches or exceeds your expectations.

Consider your budget closely as you prepare to kick off a home search. By doing so, you should have no trouble finding a terrific house at an affordable price.

About the Author

Author
Charlie Gersey

Honesty and Integrity are what my life and business were founded on. Open communication is an essential part of a positive experience and something I take great pride in.

I invite you to check with my past customers, many of whom have become lasting friends. I consider this not only a fringe benefit but a blessing. 

I will have your interests at heart through the entire transaction. If you have additional questions about a property or any Real Estate processes that you’re not sure of, do not hesitate to call. I look forward to working with you, and making a new friend. 

God Bless you, have an AWESOME DAY; 

                                                                                                          Charlie

Philippians 2:3-4

3-Let nothing be done through selfish ambition or conceit, but in lowliness of mind let each esteem others better than him.

4-Let each of you look out not only for his own interest, but also for the interest of others.