It can be really beneficial to take a step back and think about making good financial decisions when looking for a Johns Creek home. Purchasing a home is a big decision that can impact your life in many ways. It is a good idea not to rush into things and really consider a wide variety of aspects. A good place to start is doing some research to understand all of the different types of mortgages that are out there. Many young people sign on the dotted line for a mortgage with an adjustable rate (ARM). This can look enticing because it starts with a very low interest rate and most people think that they will be making far more money down the road, so why not get into a house now? This often turns out to be a mistake when the rate goes up and the person’s finances are no better off. Never bank on the fact that you will be making significantly more money later on. There are many other mortgage options and programs to help out first time buyers. Ask questions and learn as much as you can.
It is also a good idea to make sure that you can see yourself living in your Johns Creek home for many years in the future. Think about what your life might be like in five or ten years. If you are hoping to have a family by then, look for a home that you can grow into. If you start out by buying a house or condo that is way too small you could end up having to sell at a really bad time to buy something bigger and end up losing money. Another place where buyers get into trouble is buying more house than they can really afford. Just because a mortgage company approves a person for a certain amount does not mean that it is wise to go that high. Think about what your monthly mortgage will be. Compare that to what you are paying now and see how feasible that seems. If you are part of a two income household, think about how much you could pay if one person got laid off or decided to stay home with children. Don’t forget about possible HOA dues and home repairs as well.
Lastly, be sure to be wise about the location where you are buying your Johns Creek real estate. What is the commute time like? Even though you try to convince yourself that the house is so perfect that a long commute time won’t matter, that might not help while stuck in traffic. Take a look at the neighborhood at different times of day and think about needs such as schools, healthcare, and proximity to friends and relatives. It is expensive to move. Make sure to take the time to make the right decision.