04/18/2023
Buying at the top of your budget is something I advise against. Here are a few reasons why👇🏼
1️⃣ It’s a big risk.
With inflation on the rise and life being unpredictable the last thing you want to do is max out your budget. What happens if the car breaks down? What happens if the AC needs to be fixed? I want you to be prepared when “life” happens. That means giving yourself a financial cushion.
2️⃣ It’ll change your lifestyle.
Have you heard the term house poor? This happens when people buy homes outside of their means. They end up spending all their income on their home and are unable to do the things they love. Imagine having no extra money for date nights, vacations, and concerts. Imagine putting less money towards your big dreams and goals like investing, paying off debt, or starting your own business! As a realtor, it’s my job to help you find a home that not only fits your budget but also fits your lifestyle.
3️⃣ It’s more than just a higher mortgage payment.
Yes, buying a home that’s more expensive means your monthly mortgage will be higher. But it’s more than that! Buying a home in an expensive neighborhood? More money spent on property taxes. Buying a larger home? More money spent on utilities like gas and electric. Not to mention your home insurance and private mortgage insurance go up depending on your home price.
4️⃣ It’ll eat into your renovation budget.
Now if you’re buying a move-in-ready home that you aren’t going to renovate, this doesn’t apply. But, for all my buyers who are looking for a project or who just can’t help but put their personal touch on things, this is for you. Every penny spent on the home will take away from your project budget. Keep this in mind when looking for a flip house!
Unsure of what your home budget should be? Stay tuned for advice from experts ⭐️
Marcy Green — Realtor
📲616-638-2290
✉️[email protected]
HomeRealty
1307 S Beacon Blvd. Grand Haven, MI 49417
