Is Home Ownership Right for You?

With the New Year around the corner, many renters are deciding that 2013 will be the year they purchase a home.  After all, the joys of family and friends in your own home is a wonderous experience over the holidays.

So, you’ve finally decided to fulfill a lifelong dream and buy your own home… how exciting! But, are you ready to fulfill your dream of having a place to call your own?

Buying a home is one of the biggest emotional and financial decisions you'll ever make. Prepare by learning about the process of homebuying and the responsibilities of homeownership. The differences between renting and buying a home are vast, and there's a long list of pros and cons for both options. And, remember — there is no one best decision for everyone. Before moving forward, though, here are some questions to consider.

• Do you have the necessary financial management skills?
• How financially stable are you?  Find out how to improve your credit score HERE
• Are you ready to take on the responsibility of all the costs involved in homeownership, including mortgage payments, repairs, and maintenance?
• Are you able to devote the time required for home maintenance?

There are pros and cons for both renting and buying. Everyone must make his or her own best decision. Buying a home is not for everyone. Take a moment to think through the advantages and disadvantages of both owning and renting.

If homeownership is for you, you must be both financially and emotionally ready. Buying a home isn't only about money. You should listen to your heart… and take an honest look at your lifestyle.

Contact me today for a free Home Buyer's Toolkit or to chat about real estate.