When Should You Become a Homebuyer?

To rent or buy? The decision to become a homeowner is one of the most significant financial decisions you will make, so it’s important to know when the time is right. Although there are several factors involved in buying a home, below are three major signs you should take the leap:

You’ve worked out the finances. Buying a home is a big investment, so working out the numbers is the first step you want to take. Knowing how much money you bring home monthly, figuring out a budget for your down payment, and understanding mortgage will bring you one step closer to being ready. It also helps to learn the difference between how much you will pay a month for rent vs. for a new home and which best suits your financial needs. For example, did you know that U.S. renters pay 30 percent more of their monthly income on rent than homeowners pay on mortgages? Once you figure out what you can pay for, you can take the next step.

You’ve found “the one”. After you’ve figured out the finances, you can start searching for your new home. Upon looking for a home, you might stumble upon “the one”, which encompasses everything you wish for. You know you’ve found the home for you when it becomes all you think about. If this is the case, then you might want to consider making the investment.

You’re looking to settle down. Settling down is a big sign that you should become a homeowner. Whether that means you plan on living in one location for a couple of years or you plan on starting a family sometime soon, it will probably benefit you to invest in real estate. Wanting to settle down also means you are ready to take care of a home, which comes along with the excitement of decorating and changing it to meet your needs. 

Are you thinking about making the big move from renting to buying? If so, why not check out Copper Square? We are located in a growing community in the heart of Connecticut!  Come see our luxurious townhomes and duplexes and take a peek inside our amenities! Our Models, Design Studio & Sales Center are now open. Call today at (203)778-4800 or visit our website for more information. 

10 Copper Square Drive, Bethel, CT 06801
(Off RT. 6, Stony Hill Road.)
For GPS location use 48 Stony Hill Road