Call (253) 999-2371 Paul Chunyk is a Realtor in Tacoma, WA. See our new homes for sale in Tacoma, Washington, and all of Pierce County. Search the Tacoma Real Estate Market - condos, mansions, luxury homes, and more

Are You Ready to Move from Renting to Owning a Home?

Move from Renting to Owning a HomeMove from Renting to Owning a HomeDeciding whether or not to buy a home is one of the most difficult decisions adults have to make. There is no scientific or mathematical equation that will determine if you are ready to make the transition financially or emotionally. There are questions that you can ask yourself to help you decide if now is the time for you to stop renting and purchase a home. Once you have answered these questions for yourself, the last remaining question is whether or not buying a home is what you really desire?

Do you plan on living in the same area for the next couple years? Buying a home is an investment that is rarely worth it if you plan on only staying in the area for a short period of time. The costs of the home, a real estate agent to help you buy and sell the home, the insurance, property taxes, and the closing costs will be more than the monthly payments to rent a home. However, if you plan on staying four or five years in an area, the money you would have spent on rent during those years is invested in a home and will eventually save you money.

What can you afford? Home ownership involves taking ownership, being responsible. You have to know whether or not you can afford a home. It is not only about the one-time purchase of a home, but also includes maintaining the home. In 2013, the average cost of a home in Del Mar was $1,845,432. Homes in Encinitas cost approximately $1,050,889. Carmel Valley’s average price for a home is approximately $1,176,492.

Do you have the organizational skills necessary to buy a home? This has several components to it. First, you have to be self-motivated to put the time and work into finding the right realtor, mortgage lender, and home inspector to help you in the home buying process. Second, you have to be keeping yourself informed and organized with the paperwork and documentation necessary in buying and maintaining a home.

Contact Paul Chunyk

Reach out to me, I would love to give you more details and get you headed in the right direction to accomplish your goals.

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