Cross Creek Ranch - Are You Ready To Buy Your First Home?

For many buying a home is the single most expensive investment you’ll ever make!

If the thought of buying your first home gives you little butterfly flickers, you might be ready to start along the path to homeownership. And with historically low interest rates, there’s never been a better time.

So how do you know you’re ready? Here are a few indications.

You’re Financially Healthy

First and foremost, you want to have enough money saved for a down payment and closing costs without completely draining your savings. Why? Because if you’re buying an older home, you’ll likely be faced with unexpected repairs sooner than later. Buying a newer home alleviates that worry, so that extra cash can go toward retirement savings or a rainy day fund.

You want to make sure your income is steady. With today’s low interest rates, you’ll find home prices aren’t necessarily that much more than apartment rents, but either way, you want to make sure you can afford the monthly payments.

You also want to make sure your debt-to-income ratio is low. The less you owe, the higher your credit score. The higher your credit score, the lower your interest rate.

You’ll Be Around For A While

Generally, buying a home is recommended only if you’re going to stay for five or more years. With today’s rising home values and low interest rates, that number could drop to two or three years, but typically, it takes several years to recoup closing costs and for your home to appreciate so that when you sell, you can sell for a higher price than what you bought at.

You Want More ______

What do you want? More space to have overnight guests or a home office? More storage? A garage or a bigger garage where you might be able to set up a workshop? Do you want a backyard where you can simply let out the dog or build a pool to have your own staycay destination? More privacy and less noise from overhead neighbors? More leeway to decorate how you like? Or perhaps, you just want your money going toward an investment rather than a landlord’s bank account. Owning your own home can give you all of that.

Your Path to Homeownership Leads to Cross Creek Ranch

You’ll find plenty of options in Cross Creek Ranch, which offers a variety of homes that allow you to move up or down in size as your needs in a home change. First-time home buyers might be interested in townhome designs by Chesmar Homes that start in the $220,000s. For those who want a single-family home, Chesmar and Perry Homes offer designs up to 2,800 square feet that start in the $280,000s. David Weekley Homes’ pricing also begins below $300,000, with designs ranging from 1,500 to 3,100 square feet. Newmark Homes has introduced a new line of floor plans in Cross Creek Ranch selling from the $300,000s and Tri Pointe Homes will be selling in the same neighborhood.

Take the first step toward homeownership by seeing what’s available now in Cross Creek Ranch. Tour our model homes in person or online between now and March 31 and you might win a $500 Great Outdoors Package.

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