Buying a house is the ultimate American Dream, but if you make the purchase when you are far from ready—then such move can result into a huge financial nightmare. Here’s my advice as an industry veteran and local market expert in Warner Robins GA real estate.

Reasons why you should NOT buy a house

Before we look into the reasons why homeownership is a worthy investment, let us consider what lies on the other side of the coin as you can be facing these tempting situations right now. These are just a few reasons why you should not spend on getting your own place yet.

1. Pressure from people

Family and friends may pressure you into “settling down” and buying your own home. Put in mind that making such a big investment is based on your financial capacity, not on people’s expectations. If anyone else should have a say in it, then it’s your spouse who is the only person other person who knows the ins and outs of your finances.

2. Short-term moves

Let’s take this example. If your job requires you to move to Warner Robins for less than five years, don’t you think that renting a house is the more practical decision? Think about it carefully, because purchasing entails commitment. What if you get fired? Will your savings be enough to cover your mortgage while you rebuild your career?

3. Mortgage qualification

Even if creditors say that you’re qualified for a mortgage loan doesn’t always mean that you’re ready for home ownership. Buying a house comes with a lot of other extra expenses. After paying the down payment, you need to spend more for renovation and to save up for future maintenance.

Reasons why you should buy a house

Now that you already have a picture of what “unprepared” looks like, let’s see if you are ready to invest in Warner Robins real estate:

1. Emotionally and financially ready

Homeownership is a serious commitment that requires you to be more than just financially secure. You also need to be emotionally stable to keep up with the many responsibilities that come with having a home. The reality is, purchasing your own place is not always fun and exciting like an interior makeover show. It gets stressful and frustrating. If you can’t manage your emotions, then you’re certainly not ready to manage a home.

2. Job security

If you have been working with same employer for quite a while, you’ll eventually reach a point where you can confidently say you’re secure. By this time, you already have a steady flow of income that can support monthly mortgage payments.

3. Overall stability

Eventually, all of us reach a point where we feel ready to really “settle down” in our lives. It’s that moment when you start searching for some place to call home, and I’m not just referring to the physical structure here—but a neighborhood, a community that you and your family can thrive in.

Benefits of investing in Warner Robins real estate

• - Your mortgage payments go to buying your own house, not into filling your landlord’s fat pockets.
• - After completing the mortgage term, you can live in your own home and be completely rent-free!
• - Home values increase over time, allowing you to make some profit.
• - You make your own rules, without any landlord to answer to.
• - You are free from eviction, simply because the homeowner wants to sell their property.
• - In some cases, buying a home for sale in Warner Robins GA is more affordable than paying for rent. (Take note, every location has different market conditions. Here’s a great tool that will help you determine the best choice between buying and renting.)

Do you feel ready to purchase a house? First thing you must do is get yourself pre-approved. For us real estate professionals, this signals that you are serious with your decision. If you are still searching for a reliable lender, call me at (478) 960-8055 for a list of financial institutions or companies in Warner Robins GA.