The decision to purchase a home or investment property is a highly personal one, based on both tangible and intangible factors.

Beyond your personal situation, local market conditions, financing costs,   future expectations must also be evaluated.

The following list of quetions can help you decide if you are ready to move forward with a property purchase.  It will be my pleasure to assist you sort through these issues and prove essential local market perspectives.

 

PURCHASING CONSIDERATIONS

  • If you purchase a home or investment property, how long do you expect to live there or own there
  • What can you afford to pay each month for housing related ?

What are the total costs of home ownership?  These may include:

  • Mortgage payments (based on various interest rate and term assumptions)
  • Property taxes
  • Homeowner's insurance
  • Utilities
  • Maintenance costs
  • Any other special fees

Do you expect these housing related expenses to increase or decrease? (changes in interest rates may be a bigger factor than others)

What additional expenses are required to complete a purchase? (closing costs, moving expenses, etc)

How much will your home ownership costs decline after adjusting for interest expense deductions and property taxes (if applicable)?

Do you qualify for any special purchasing assistance programs?

What are your long term personal and financial goals with regard to housing and or investments?