We get this question all the time. If you buy too soon, you may have to settle for the wrong house. If you wait too long, you'll spend more on rent than you should. The decision to stop renting and start buying is a big one - but it's not impossible. Read on to discover which option is best for you.
There are many benefits to buying a home, here are just a few:
Take part in the benefits of a neighborhood association
Your mortgage payments can help you build credit and equity
You can choose to decorate any way you like - no limits on style
Rent increases every year, mortgage payments don't change
Have pets, play the drums, and park in your own driveway
Property taxes and interest are deductible on your income taxes
Buyers must know what to prioritize, what to budget for and what to compromise on when it comes to finding the right home. Here are some tips to help you find the best home!
Why Choose Ruoff?
Buying a home is a big decision, and it shouldn't be taken lightly. You've started researching your options, but don't just dive into homeownership. Your patience will usually pay off.
When choosing the right time for you, consider your lifestyle, your finances, and your stability. If any big changes are taking place in the near future, you will want to wait on buying a home. One of our Loan Officers would be happy to review your current situation and help you decide when you can confidently begin the homeownership process.
Thank you Ruoff for helping my fiancé and I find and own our first ever home! So awesome to have such patient and understanding people help us through this process!
My husband and I finally bought our first house! A big thanks to my loan officer at Ruoff for helping our dream become reality! New home, new beginnings, new memories!
We just purchased our first home thanks to Ruoff!! We can’t wait to be all moved in!
Which is better for your personal financial stability: renting or buying? It is important to create a budget and weigh your options. Download our Home Budget worksheet to get all your numbers in one place. Practice paying homeownership costs now so you will be financially ready for a home in the future.