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Are You Ready To Buy Your First Austin Home?

Most people like the idea of owning a home. They want a place to call their own where they feel comfortable. They want the freedoms that come with home ownership. They want a house that they can decorate as they wish, where children and pets are safe and welcome. While it has many freedoms, it also has many responsibilities. Home ownership isn’t for everyone, but many people prefer it to renting.

When trying to decide whether you’re ready to buy a home, here are a few things to consider before taking the plunge.

Size
You may be cramped where you are now and are ready to spread out a little bit. Add room to grow with at least one additional room, in case your family dynamic or home life changes in the next few years.

Location
Buying your first Austin home will probably mean moving to a different neighborhood. You might be ready for a change. Consider school districts, office commute, where your relatives live and if you need to be near any particular areas for any other reason.

Upkeep
Although some people might consider yard work and property upkeep a disadvantage, many homeowners enjoy gardening and relish the idea of having a lawn to mow. Before you buy, squirrel away some money for emergencies and repairs. Without a landlord, the homeowner is responsible for fixing things that break, such as appliances and leaky faucets.

Mortgage
Many people pay more for rent every month than they would for a mortgage on an Austin home. While some of the utilities and other costs may be higher for a bigger place, the tax breaks and other advantages often balance things out, making home ownership a plus. Take the time to crunch some numbers and use our mortgage calculator to see how much home you can afford. You might be surprised.

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