Buying your first home is an exciting and serious experience. It takes money, responsibility and patience. Although homeownership has several advantages – it’s important to be truly ready before you purchase a home.
While you decide if buying a home is right for you, it may be beneficial to rent. Check out Ruhl Property Management, a division of Ruhl&Ruhl Realtors, to see residential homes to rent in the Quad Cities and surrounding areas acheter viagra l.
“Renting a property while you decide if you want to buy is a great step towards homeownership,” said Angie Fullmer, Leasing Agent for Ruhl Property Management. “We also have our guide on buying vs renting that a lot of undecided people find helpful.”
If you’re thinking about buying a home, consider the following:
Why do you want to own a home?
Many people think that purchasing a home is ‘the next step’ to adulthood. We’re here to tell you that you need to do what is right for you. It’s okay if you’re not ready for the responsibility of buying a home. You can always reevaluate your decision in a few years. In time, you may find that owning a home makes the most sense.
Do you truly understand the costs of homeownership?
The cost of a new home will extend far beyond your initial down payment. Don’t forget to also consider closing costs, homeowner’s insurance, and property taxes. Then there are utilities, renovations and the typical day-to-day maintenance costs that come with owning a home and replacing items as they age. Check out the average net worth of homeowners vs. renters.
Have you been pre-approved*?
Getting approved is more than a quick phone call or a mortgage calculator. This is an in-depth look at your finances that determines how much money you can afford to put towards a home purchase or a loan. Start the loan process by contacting one of our knowledgeable Ruhl Mortgage loan officers at 563-441-1862 or toll free 866-441-1862. Visit RuhlMortgage.com to start the pre-approval* process
How long to you plan on being in the home?
Do you know where you will be in five to ten years? If you cannot answer that question, you may not be ready for home ownership. It is important to be in a stable chapter of your life before you make any major investment.
The decision whether you should buy your first home or rent should be weighed carefully. You need to consider your short-term, as well as long-term needs.
If you are truly ready to buy a home, click here to be connected with one of our sales associates and start finding your dream home.
If renting is the right choice for you, contact Angie Fullmer at 563.441.5231 or AngieFullmer@RuhlHomes.com. Click here for a Rental Application.
*Pre-approval is conditional.
Information provided should not be considered as a commitment to lend. Offer subject to property and credit approval. Program and other restrictions may apply. Please contact your Loan Consultant for further details. 1701 52nd Avenue, Moline, IL 61265. Illinois Residential Mortgage License. ©2013 Ruhl Mortgage. NMLS#935629.