Home Buyers

Home Buyers:

Whether you are looking for Homes for sale or a Maryland Realtor to assist in finding that special dream home, that you been looking for, you are at the right place, we work with all types of home buyers, from first time home buyers to experienced home buyer and even real estate investors. We will spend that extra time to make sure you find that ideal home to fit your criteria.

Rent vs. Buy?

When looking for a new home, one of the first question you should ask yourself will help you to decide the rest of your decision-making. Should you rent or buy? Buying may seem appealing because you will put an end to escalating rent and Cloistered living normally found in rental apartment building, buying a house can help to build equity. The reality of routine home maintenance and repairs can quickly drain a bank account, and that is why when buying a house, the buyer should have Home Improvement Contractor or an Home Inspector to review the house to highlight any possible damage, near future repairs and safety issues.

In general, whether renting or buying is better for you largely depends on your specific circumstances.

Here are some basic questions to consider when thinking about buying a home:

  • How long do you plan to stay there? If you expect to relocate in just a couple of years, renting is likely a better option.
  • How much home can you afford? If you can’t afford a home large enough to fit your family in a few years, it may be worth it to rent while you save a bit more.
  • What’s on the market? If you can’t find a home you like, it’s likely not worth tying yourself to something you’re unhappy with.

Another consideration: Stretching your budget for that dream home may actually make you miserable, as you go over broad with your spending.

Still can’t decide if buying is for you? Check out the difference in expenses. Rent is most cases are more expensive that buying. If both your lifestyle point toward buying, the next step is to determine how much home you can afford.

How Much House Can I Afford?

To determine how much you want or can afford to spend on a home, you should first take a close look at your monthly budget. Review your monthly spending habits for at least, for the last three months, to figure out how much you are spending each month. This way you will be aware of your actual monthly spending, and where your money is going, which will give you a change to evaluate your spending to see if some thing are not really important. Once you have a better picture of your spending habits, determine how much you want to allocate toward a monthly home payment. This figure includes your principal, interest, tax and insurance payment, which add up to your monthly mortgage sum.