It's Moving Season -Are you Ready?Submitted by Bellwether Wealth on May 19th, 2017
With summer comes an increase in home sales and rentals, and that means an increase in leasers and homeowners on the move. Are you planning to be one of these movers? Are you ready to make that plunge into home ownership? Have you correctly drafted a plan to ensure the move goes smoothly financially? I recommend creating a detailed strategy before making that big move.
I advise you to answer these three questions completely when deciding if you’re ready for the move and investment:
- Can I afford it?
- There are many things you need to keep in mind when purchasing a home. Are there HOA dues? Do you have a savings account with a cushion for needed repairs and ongoing maintenance? What are the property taxes on this new home and what payment timeline makes sense for you?
- What do I need to keep?
- What important documents do you need to keep or can you safely shred? What do you do with your junk--do you donate it, have a garage sale, or purchase a storage unit?
- What is my budget for a mortgage payment?
- It's important to realistically look at your finances and understand where you can increase spending, and if you need to decrease spending in other areas in order to make it work for you and your family.
Buying a home is one of, if not the greatest, investment you’ll make in your lifetime. It’s imperative you make the right decisions for you, your budget and your family in order to enjoy your new home.
Our team of certified financial planners can help you assess where you’re at and develop a plan in order to get you where you need to be to invest in your perfect home. We’re happy to discuss what you can do to prepare for your future. Contact our office at 402-476-8844 or email firstname.lastname@example.org