Even though it’s about 13 years ago, I remember being stressed at times when planning our wedding. Just like we heard at the top of the show, as soon as you announce your engagement it can feel like you’re being swarmed with questions about the big day. But as much as your loved ones mean […]
buy a house
Today we’re going to see how you can prepare your finances so you can buy a house without going broke!
Things are about to get hectic around here.
We just heard from our neighbor that the developer is going to start building the townhouses across the street from us starting next week.
Buying a House – Always a Smart Move?
Here in Raleigh if there’s a sliver of land, they’ll develop it.
It’s a hot market right now and homes are going up at a rapid pace.
Our property value has been rising since we bought our house three years ago.
We’ve received mail from realtors and have seen upticks with estimates from real estate sites like Realto, Zillow, and Redfin.
Here’s a summary from Zillow:
We take these estimates with a grain of salt, but they are a reflection of the home value growing.
Seeing this growth you might think we’re firmly in the camp of every one needs to buy a house.
But we’re not.
And here’s the kicker – not every couple benefits from becoming a home owner.
In this episode we get into:
- how to know if buying a home is right for you
- real and total costs of home ownership
- how to figure out how much you can afford so you can buy a house and still pursue financial independence
Hope you enjoy!
Resources on Buying a House
If you’re looking to buy, here are some resources to help you find an affordable place you love!
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Grow Your Stash Faster: High Yield Savings with CiT Bank
- Automatic Saving:
- Jumpstart Your Marriage and Your Money
- My friend was about to buy a million-dollar house with no research
- The Fallacy of Homeownership
- What You Need to Know About Mortgages
- 9 Questions to Ask Before Buying a House
- Is It Better to Rent or Own a Home?
- Buy vs Rent Calculator
- Calculate how much house you can afford
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Looking to get closer to early retirement? Learn how you can save big before you buy your next house. Make sure it’s the right house for you!
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Finding the Right House House
We’re doing the ten days to financial independence and something that has been repeated to me from those who have retired early is the importance of being savvy about three major expenses: housing, transportation, and food.
We’ll go over the last two later this week, but today I want to go over housing, specifically how and why we bought our current house.
Even though I thought we did pretty well with buying our first place, we’ve learned quite a bit in the time since.
Buying a House Show Notes
- How carefully we choose location
- Creating a house budget
- Narrowing down contenders based on size and layout
Selected Links from the Episode:
- How to Buy the Right House for You
- Buying a House? Run the Numbers First!
- Why Home Inspections Matter
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Know Your Numbers with Personal Capital
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Buying a house soon? Jon White, financial coach and author of A Tale of Two Houses, shares tips on how you can find the right house for you and your budget!
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What You Need to Know About Buying a House
Buying a house is usually one of the biggest purchases couples make. Add the financial paperwork of getting a mortgage and it can get complicated quickly.
So it’s really important to make sure you’re ready for this leap before you sign the papers.
When we were hunting for our house we did some legwork, but it was worth it. We bought a house a couple of months ago and we’re really happy with it.
Are you thinking about buying house soon? Then please save episode!
How to Buy a House
Jon White is on the show to share his stories about buying two homes.
In this episode we’ll get into:
- the real estate and financial myths that influenced him to by his place
- his biggest mistake when he bought his first house
- how they found a house that is a blessing and not a burden
I hope this episode helps you by a house
Jon White’s Tale of Two Houses
He’s documented the process for both in his new book, A Tale of Two Houses. Jon goes into detail about the mistakes he made when he purchased his condo in 2006 and what he and his wfe did right with their current home.
Podcast listeners who pick up his book can get some bonus material including ways you can start and build up your down payment and audio recording of him and his wife about their journey. You can get it all here.
Resources to Help You Buy a House
If you’re looking for tips and stories from others who have bought a house, here are some podcast shows and articles to check out: