House buying

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My entire family got involved when I first considered buying a house , since I have the luck of being related to real estate agents, investors, and other experts that are more than happy to give advice about buying a property — even before I ask.

The first thing they asked me was exactly how long I expected to stay in the house. Though I didn’t know the exact amount of time, they wanted to make sure that I’d own the house for at least five years.

Why’s that? What’s the five year rule for buying a house? 

It definitely varies by geographic area — if not by specific neighborhood — but a lot of folks near me will buy a townhouse or condo as their starter home. After about three years, they’ll start looking for a bigger place to upgrade to , either a bigger townhouse or a single family home. This upgrade cycle will repeat itself a few times, as people work their way up to a house that they are happy with and that is big enough for their family.

The thought seems to be that if you’re making a little more money every year, you’ll be in a position to afford a bigger house in three years time. And everyone knows assumes that buying is more cost-effective than renting — as long as you’re paying down the principal on your mortgage, you’re going to come out ahead.

Buying a house 50 housebuying tips  MoneySavingExpert
Buying a house 50 housebuying tips MoneySavingExpert.
Property Buying selling amp renting
Property Buying selling amp renting.
The Five Year Rule for Buying a House  MoneyNing
The Five Year Rule for Buying a House MoneyNing.
Thinking of buying a house Heres where to start  Jun
Thinking of buying a house Heres where to start Jun.
Buying a home in 10 steps  May 29 2015
Buying a home in 10 steps May 29 2015.
Garment Buyers and Apparel Buyers List Garment Buying
Garment Buyers and Apparel Buyers List Garment Buying.
Economics on Buying vs Renting a House
Economics on Buying vs Renting a House.
Financial Fridays Its Financial Suicide To Own A House
Financial Fridays Its Financial Suicide To Own A House.
10 BestKept Secrets for Buying a Home  HGTV
10 BestKept Secrets for Buying a Home HGTV.

HOUSE TOUR!! | HOUSE HUNTING 5 - Тривалість: 22:42.

:Buying a house 50 housebuying tips MoneySavingExpert, Property Buying selling amp renting, The Five Year Rule for Buying a House MoneyNing, Thinking of buying a house Heres where to start Jun, Buying a home in 10 steps May 29 2015, Garment Buyers and Apparel Buyers List Garment Buying, Economics on Buying vs Renting a House, Financial Fridays Its Financial Suicide To Own A House, 10 BestKept Secrets for Buying a Home HGTV, Buying a new house and keeping your current home,

Statistically best to buy/sell in winter w/ John Snow - Tejas Gosai Team - Lehigh Valley - Тривалість: 0:49.