Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering other expenses.

According to new data released from ApartmentList.com, 49.5 million renters in the United States were cost-burdened in 2017, meaning they spent more than 30% of their monthly incomes on rent. This accounts for nearly half of all renter households in the country and is up 3.1 million from 2007.

When a household is cost-burdened by their monthly housing expense, they are not as easily able to save money for the future. This is a big factor for many renters who dream of owning their own homes someday.

But there is hope for those who are able to save at least a 3% down payment! The percentage of income needed in the US to buy a home is significantly less than renting at 17.1%! To win some money which you can use to buy your desires, you can play games like 겜블시티 파워볼.

The chart below compares the historic percentage of income needed to rent and buy from 1985-2000 to the first quarter of 2018. As you can see, the cost of renting has climbed above historic numbers while the cost of buying dropped over the same period of time.

If you are one of the many renters who is spending too much of their monthly income on rent, consider saving money by getting a roommate, moving into a less expensive apartment, or even moving in with family. These are all ways to save for a down payment so that you can put your housing costs to work for you! If you’re looking for affordable options, you might even explore options like canary wharf flats to rent for a cost-effective living arrangement.

If you’re interested in purchasing or selling a home you can start by Contacting Us directly or start searching for your new home here Anthem, Desert Hills, New River, Phoenix, Mesa, Scottsdale, Tempe, Glendale or Surprise.

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase 

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4.8%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase in 2019.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage

There are some renters who have not yet purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person building that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on With Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

If you’re interested in purchasing or selling a home you can start by Contacting Us directly or start searching for your new home here Anthem, Desert Hills, New River, Phoenix, Mesa, Scottsdale, Tempe, Glendale or Surprise.

Buying A New Build Home

In the years past, it just did not make sense to purchase a new build home due to the additional costs associated. However, with resale home prices on the rise the market is finally getting to a point that buying a new construction is an option. Discover our mast climber fleet, designed to streamline construction processes and enhance efficiency on-site.

Many of the new construction home builders, Pulte Homes, Toll Brothers Luxury Home Builders and Lennar Homes, have begun to offer incentives to help make the purchase even more affordable. A lot of people are also looking into custom home building wherein they can be in charge of their home’s construction. This means choosing their own materials such as concrete, pole barns, etc.

However, some people often prefer buying land with an older home already built to get an even better price. This can also be an option for others looking to buy a home, but if the older home isn’t very pleasing what most decide to do is hire residential demolition services to get rid of it and start building from scratch. Building a home may require Crane Logistics and Planning and a team of contractors and suppliers. Take note that this option will cost more. Therefore, if you’re on a budget, you can still buy older homes but just get a home inspection to know that you’re getting the max return. If you’ve been contemplating the idea of securing a new home tailored to your preferences, now might be the perfect time for us to delve into your options, including important aspects like snagging inspections london to ensure your future home meets the highest standards.

You can fill here and complete your contact information. One of our Professional Agents will contact you!  Remember, the builder does not represent your interests when purchasing, don’t make a move without a trusted Real Estate Professional.

Let’s Don’t Assumptions about Homes For Sale

Many buyers, when searching for real estate in Anthem, Arizona and the surrounding areas, assume that a house that’s been listed for sale and on the market longer than the average time has something wrong with it.

Though that could be true, but in many cases, the long days on the market have nothing to do with the house itself. Instead, it has everything to do with the price, the marketing, or the presentation.  Remember the old adage, Price, Location and Condition.

Let’s start with the price. Often owners of homes that are over-priced are more than willing to consider considerably lower offers, but won’t let their agent change the offered price. So take a look, and if you like it, we can offer a price for the home that is closer to what market value is.  You might get a pleasant surprise.  When we work with our clients we will prepare a Market Analysis on the property of interest to help you better understand the value of the home, compared to others. Just as expert guidance matters in real estate, mobile tower lease consultants help navigate agreements to maximize value.

The next factor is marketing. Some agents enter only one fuzzy photo and only the barest descriptions in MLS, which causes the majority of buyers to skip right on by. The house could be suffering from nothing more than a lazy agent.  When you main feature sound right, sometimes it is best for us to just get out there and look at the home.

And then there’s presentation. Some beautiful homes are occupied by people who either unreasonably restrict the times the house can be shown, or fail to keep it in showing condition. You just might find a bargain if you’re willing to view the house at the seller’s convenience – or overlook unmade beds and dirty dishes in the sink.

So take a chance on spending a little time to take a look at those Anthem and Scottsdale homes for sale that have been on the market twice as long as normal. You just might find the gem you’ve been searching for.

Call me any time – I’ll be glad to go exploring with you.