If you’re ready to join the new generation of buyers saving for their first homes in Smiths AL, we have some tips to help you get started. A new home is within your reach if you follow these simple steps:
- Know how much home you can afford. A general rule of thumb is that your mortgage payment should be no more than ¼ to 1/3 of your monthly income. With a target price range in mind, plan to save at least a 20% down payment to avoid PMI (Private Mortgage Insurance).
- Get your finances in order. Before you start saving for the down payment, make sure you have an emergency fund of 3-6 months of household expenses. Pay off debts or pay them down so they represent only a small fraction of your income. Then put everything you can into that down payment.
- Create a budget. Decide how much you need to set aside each month to reach your goals by the target date. Be willing to cut back on extra expenses like vacations and dinners out in order to make your home buying dream come true.
- Consider ways to bring in extra money. Sell unused belongings, take on an extra job or start a side hustle. If you receive large cash gifts or tax refunds, put them right into your house fund.
Erickson Realty has brand new homes in Smiths AL in the Rocky Ridge community of new homes. You’ll love the private and serene setting where you can choose a home site with a lake view. Rocky Ridge is located in the Lee County School District and offers easy access to 280 and 431. Auburn AL and Columbus GA are less than 45 minutes away.
We have affordable new homes listed now in Rocky Ridge. The two-story traditional-style home at 533 Lee Road is a great example of what this community has to offer. The spacious 4-bedroom home is set back on a grassy lot backed by trees. At 2,900 square feet, the home features an open concept kitchen, electric fireplace in the family room, a carpeted den and flex room, rear deck, media room and a spacious master bedroom with sitting area.
Call Rose Anne Erickson Realty today at 706-257-1776 to tour our listings of new homes in Smiths AL.Tags: homes in smith station al, new homes in smith station alabama
This post was written by Rose Anne Erickson