So you’ve been renting for a while now, and you’re spending a decent chunk of your paycheck on monthly rent each month. Now is the time to start thinking about buying. But, where do you look? How do you know what’s available and how much will it cost?
There are many different factors to consider when looking into buying a home in any new area. Here are just a few things you need to think about before making that decision, especially if the majority of homes on the market are rentals:
The Cost Of Home Ownership
Buying a home in Breezy Acres homes for sale Conway is a big investment, so you must understand how much you can expect to pay in terms of monthly mortgage payments. While many different factors will determine the exact cost of your mortgage payment, some general rules can give you a ballpark estimate.
The Federal Housing Administration says that your housing payment should be no more than 28% of your gross monthly income. So, if you make $2,000 a month, you shouldn’t be spending more than $560 on your monthly mortgage payment.
Good Things About Breezy Acres
Convenient location – Breezy Acres is located right off the Highway 41 corridor and is near many major highways that can take you to tons of different locations.
Great public school system – The public school in this community is highly rated and comes with a great curriculum and great teachers who can provide your family with a quality education.
Great neighborhood amenities – You can enjoy many great amenities in this neighborhood, from a recreational pool to a playground for kids and a fitness center.
Low crime rate – There have only been a handful of crimes reported in this community over the last five years, so you and your family can feel safe and secure in this neighborhood.
Location, Location, Location!
One of the first things you should consider when looking into buying a home in any new area is its location. The location of your home will impact many different parts of your life, from your commute to work to the amount of sunlight each room gets in your home.
Ease Of Commuting
Where you live can greatly impact how long your commute will be to and from work each day. This is something you should consider when looking at homes in any new area, especially if you have a long commute to and from work.
Time of day – During rush hour, you can expect to see your commute time grow from around 20 minutes to as long as an hour.
Public transportation – While there is a bus system available in this area, you may not be able to rely on it to get you to and from work every day.
Conclusion
Buying a home is a major decision that can impact many different aspects of your life, from your financial situation to your social life. You must be prepared for these changes before buying a home in any new area. With this in mind, if you are looking for a new place to call home, then you should consider buying a home in Breezy Acres.
