With the burst of the real estate bubble, many people have dismissed the idea of homeownership right now. However, because of the uncertainty in the market and even job stability, leasing is still the answer for many people.
But with home values making it more affordable and many options out there for the home shopper this might be the right time to buy. For the right property, the right buyer in the right situation, affordability has almost never been better.
So maybe it is logical to give some more thought to buying a home and taking advantage of this market. If you could become a homeowner and pay less for your mortgage each month then you pay for rent, would you? This blog talks about new construction in Marysville, WA.
Homebuilding construction company, Encore Homes is building homes in a development called The Meadows. The Marysville Meadows development offers great value for the cost. This community is almost 300 new construction homes and priced priced in low $160,000′s. Because of where these homes are located in northern Marysville, homebuyers would be able to apply for a USDA loan, which means no money down and no private mortgage insurance (or PMI)!
That makes these homes even more affordable!!!
So, with new construction, some fun amenities like soccer field, basketball court. etc. affordable pricing and the low mortgage rates right now, your entire payment for one these new construction houses most likely will not be as high as renting.
Paying Rent
As a renter, where does your monthly mortgage payment go to?
Well, its all going to your landlord. And what does your landlord do with it? They are paying THEIR mortgage and probably pocketing some in their own accounts.
So you are truly already making payments on a mortgage, you just might not be getting some of the other benefits of it that your landlord is getting.
With new built houses like the Marysville Meadows, maybe you should give some more thought to buying a home right now.
Filed under: Uncategorized Tagged: | maryville, meadows, new construction
