Purchasing a home is one of the biggest financial decisions that many Americans will make in their lifetime.   Before purchasing a home, you need to determine whether the home you have decided on is the right home for you.  Here are just a few items to consider beforehand:

How Long are you Planning on Living in the Home?
In order to cover your selling costs and recover the cost of your home, you should plan on staying in your new home for an average of 3 to 4 years.  Depending on economic factors, this time can either be lengthened or shortened.

How Long will the Home Meet Your Needs? 
Make sure that your home will meet your space requirements both now and in the future, depending on how long you plan to live there.  Can the den be converted to a bedroom? Will the spare room be appropriate for a dining room? Renovating your home may accommodate your expanding or shrinking family.

Is the House the Right Price?
Determine whether the home is a good fit for your financial situation.  Many financial institutions will pre-qualify you for a mortgage even before you begin your home search.  This will help to determine what price range you can afford.  In addition, try the Mortgage Calculator available on our website to help you determine the right price.

What is the Physical Condition of the House?
Always keep in mind that your house will require repairs.  If these costs are of concern, make sure to choose a home that will reflect your renovation budget.  As well, home inspections are very important in order to help reduce such unexpected costs.

If you need help answering any of these questions or have any more questions in the Clarksville Real Estate area, call or email us for assistance.

Regards,

Tim and Pam Cash
Crye-Leike Realtors
www.cashsofclarksville.com
thecashteam@cashsofclarksville.com
931-338-1375 or 931-436-7617

The Cash Team - making dreams come true one home at a time.

Servicing the Clarksville and Fort Campbell Real Estate Market