Verrado Homes For Sale | You Can Save for a Down Payment Faster Than You Think!

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Real Estate Agent with Realty ONE Group BR568924000

Verrado Homes For Sale | You Can Save for a Down Payment Faster Than You Think!

 

Located at the foot of the White Tank Mountains, surrounded by high palm trees and over 21 miles of walking trails…Verrado is one of the most beautiful planned communities in the surrounding Phoenix area.       

The developers of Verrado put a lot of focus to paved walking trails meandering through common spaces and the creation of over 70 neighborhood parks framed and surrounded by mountain views and incredible natural views.     

There are many communities that are planned around specific locations to fit budgets and work force…but Verrado is one of the few places where its natural beauty took precedence on the development of an environmentally friendly area for the enjoyment of all the lucky residents      

Homes in Verrado are relatively new, it is one of the largest suburban communities in the Phoenix Metropolitan area. There are many types of homes available, from open floor plans, rustic ranch haciendas to relaxing front-porch models with modern amenities and luxurious finishes. This includes traditional two-story homes, European-style bungalows, single-family desert oases, and trendy lofts.       

Today, I would like to bring your attention to the following: You Can Save for a Down Payment Faster Than You Think!

 

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. 

Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense. 

By determining the percentage of income spent renting in each state, and the amount needed for a 10% down payment, we were able to establish how long (in years) it would take for an average resident to save enough money to buy a home of their own.

According to the data, residents in Ohio can save for a down payment the quickest in just under 3 years (2.44). Below is a map that was created using the data for each state:

 

 

 

READ MORE: http://www.lovingphoenixrealty.com/blog/verrado-homes-sale-you-can-save-down-payment-faster-you-think/


???Thinking of selling your home? Let Cheryl take over the marketing of your property
www.lovingphoenixrealty.com/ - Call or text 623.206.9936 for more information.

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Topic:
Home Buying
Location:
Arizona Maricopa County Buckeye Verrado
Tags:
homes for sale
first time home buyers
verrado
for buyers
down payments
listing homes for sale verrado

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Cheryl Benjamin

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