3 Signs A Starter Home Is Right For You

Dated: February 15 2019

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A starter home is a small, economical house or condo that meets the requirements of people buying their first home.

Are you ready to buy your own home for the first time? Have you also considered getting a starter home? Do you think this is the right home for you? Read on to see if you're ready.

You have a next plan in mind

You wanted to ease your homeownership journey by purchasing your own home but this is not the final plan you have in mind.

Do you see yourself staying put in your first home for the long haul? Is the home's location perfect for the present and future you? Does it fit your current and your future lifestyle?

If not, a starter home may be right for you especially when you haven't experienced most of those big moments in life.

You can sell or rent your starter home as soon as you can afford your dream forever home.

You are just learning home maintenance

If you are fresh from renting or your parent's house where you never have to deal with the home maintenance because somebody else has to deal with it, up keeping your home may become a bit over whelming.

This is one of the big changes most people find difficult when moving on their own home. If you think you will be one of them, a starter home may be a good fit for you. You will have to deal with home maintenance but it will be minimal and it can give you time to learn and adjust little by little compared to getting a full big house.

Your budget is tight

This is one of the most important considerations. Starter homes may come with a smaller price tags than the bigger ones. If you have a tight budget but you're really eager to get your home you call your own, limiting your search to starter homes can be a good start.

Do consider the down payment, monthly mortgage and interest rates before deciding on anything. Buying a home needs some preparation and research before making any decision.

Talk to a lender or a realtor to see your options given your financial considerations.

If you need help finding a home around Alaska, call or text (907) 570-6757 or 907-720-4663, we can help. 

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Vanna & Co. Real Estate

Vanna has called Alaska home for the past 15 years. As a mother, real estate investor and previous business owner, Vanna brings many different perspectives when working for her clients. She has been a....

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