Payment affordability is determining how much of your monthly income must be put aside to pay for your home. The golden rule is your monthly home payment should not exceed 28% of your gross monthly income. The 28/36 rule can help you calculate this. Be realistic about your budget and be sure to factor in all your expenses, earnings, and savings to avoid payment shock.
Location you love
Do you love the city buzz, or do you enjoy the tranquil rural life? Consider all your preferences before you commit to a location. Living near a big city might impact the square footage of your home and living on the outskirts might sacrifice your commuting times. Choosing the right location takes time, be sure to explore all options!
What are your must-haves in your future home? Begin with the basics such as the number of bedrooms and bathrooms, whether you want to live in a gated area or need playgrounds or dog parks near your home. Do your research on school districts and hospitals near your area. Once you have the “must-haves” features down, you can then move on to the “would-be-nice-to-have” features such as upgraded appliances, island kitchens or tray ceilings!
Are you ready to find the home that is affordable, in a great location and that has all your “must-haves”? Roberts Communities has many homes available in prime locations. See the available to move in today here.