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You might be thinking about upscaling to a larger property in the surrounding Phoenix area. Today, we’ll cover the four things you should consider when you’re looking to buy a bigger home.
- Get the right mortgage. Think about your ideal timeline. Ask yourself how long you plan to live in that new home. Is it your final destination? What’s better for you: a 15-year fixed or 30-year fixed loan?
- Know the plan for your current home. What are you going to do with it? You can lease it out and turn into an investment property, or of course, sell it.
- Research the qualification process. Ensure you are approved for the home you’re set on.
- Think about increased costs. A bigger home entails larger expenses. For instance, this might be a bigger utility bill every month. Is that something you’re prepared for?
If you’re thinking about buying or selling, or have any real estate questions, reach out to us and let us know! Contact our office by phone or email today.
