Can You Afford an Upscale Home???

CAN YOU AFFORD AN UPSCALE HOME???

 

 

First things first... consider your income, then your current debt. The dream is always there but sometimes our economic status provides goals more than they provide us with a reality.  You simply cannot make spaghetti without tomato sauce. So take a good hard look at your current income as well as current debt. Never base your goals on "maybes" or coulds", for example:  "Maybe I will get a raise in six months" or "I could borrow the down payment from family".  The hardcore facts of your financial status must be verifiable and concrete. 

 

Now that you know how much money you have at your disposal, you're ready to begin comparing individual home prices that match your budget.

While you may be able to afford a $500,000 if you maintain a strict budget, don't forget to take into consideration the upkeep and maintenance costs of a luxury home. This is something most homebuyers forget to consider before they purchase a home.

Lawn maintenance, electricity ( landscape lighting, security lighting, extensive square footage electrical coverage), pool maintenance, and if it is in a gated community or country club- homeowner's fees and/or club fees. 

 

So before you step into a huge mortgage that will put a strong grip on your wallet, consider the big picture and what actually is in your wallet.

Consult with a mortgage lender to determine what would be the appropriate comfort zone price for you to reach for and begin the process of making your dreams a reality.

Below is a virtual tour of one of our affordable premier properties that is now available for purchase. 

#Homes for Sale in Denham Springs

#Houses for Sale in Livingston Parish

#Houses for Sale in Baton Rouge

#Homes for Sale in Ascension Parish

 

 Real Estate Industry PR Consultant- Sonia Percle