Jan 20, 2014

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Posted In : News

Photo from Flickr user: Jay Thompson

For most people, buying a house is the biggest purchase they will ever make in their lives. Thus, buying a house should probably not be a quick or impulsive decision. Rather, this decision should require careful consideration and planning in order for homeowners to ensure that they are doing the right thing. If you are deciding whether or not you are ready for the commitment of buying a house, consider the following tips:

You’re probably ready to build a home if…

1. You’re settled. Once you’re comfortable and committed to the place you live, this is a good time to buy a house. If you’re young and still looking at job opportunities in other places, don’t try and buy a house yet. Wait until you feel at least semi-permanent in one location to consider buying a home. It doesn’t have to be a lifelong commitment, but it should be more than a few months’ commitment.

2. You have a steady income. Buying a home requires that you have a steady income to pay monthly mortgage bills. If your income is not yet steady, wait until it is to buy a home. Homeowners frequently destroy their credit reports by purchasing homes they can’t afford and falling behind on mortgage payments. Don’t let this happen to you.

3. You’re ready for long-term commitment. If you have a history of frequently changing your mind, or backing away from commitments, wait until you can trust yourself to stick to something before buying a home. Because purchasing a home is such a large expense, you need to make sure you’re committed to the location, the design, and the permanence of owning property. Don’t purchase your first home on a whim. Make sure you’re committed!

If you are looking at new homes in the St. George, Utah area contact S&S Homes for further
help on deciding if you are ready to buy your first home!

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