Saving up for a down payment is by far the hardest part of buying your first home. You’ll need at least 5 percent for that down payment, so for most homes you’re looking at anywhere between $10,000 to $25,000. If you want or need to put down more than 5 percent, you’ll need even more money. It can seem almost impossible to come up with that much money when you’re already paying rent, student or car loans, and all of your other daily living expenses.
No matter how eager you are to move into a brand-new home and start living the life you’ve always dreamed about, it’s important to choose the right builder for your needs.
The new construction process is certainly longer than the traditional home buying process. While the entire building process can take between nine months to a year, buyers have the chance to make decisions about the design of the home, making it truly their own.
If you’ve been thinking about buying a home, you’ve probably been told that a 20 percent down payment is the gold standard for getting a mortgage. While it’s true that there are a lot of advantages to having this much money - and those who are purchasing a home with a $1 million+ price tag have to have at least 20 percent - you don’t need to have this much money to buy a home. In fact, there are some times when paying this much money is a disadvantage.
With its sleek, modern look and plenty of space for your family to spread out, Broadview’s latest quick possession home at 221 Petryk Terrace in Grande Pointe Meadows is an absolute gem. It has three bedrooms on the second floor and an expansive open-concept layout on the first floor that is great for entertaining.
We are excited to be a part of Grande Pointe Meadows' Grand Opening Event and would love to see all of you this Saturday, September 14, from 1-5 PM, for an afternoon of family-friendly fun!
Knowing that you don't have to deal with making major upgrades and repairs just after moving is probably one of the best reasons to choose a brand-new home. With that being said, there’s always work involved with owning a home. New homeowners are often surprised by all of the things that can crop up.
