How to Tell if You Are Ready to Buy a Home
Home ownership is one of the most common goals that many people have to build their financial wealth over time. Investing in real estate can allow you to build equity with a property that you buy. If you want to determine if you’re financially ready to buy a new home, there are a few steps you’ll need to take.
Assess All of Your Debt
Assessing your debt is necessary to determine if you can afford to buy a home. Lenders will evaluate your debt-to-income ratio, which should be less than 43 percent of your income to ensure that you can continue to make your mortgage payments each month.
Improve Your Credit Score
Your credit score is one of the main factors that lenders evaluate when determining if you’re qualified for a home loan. Your credit score is a reflection of how well you manage your personal finances and if you’ll make your mortgage payment on time each month. Lenders require a credit score of at least 640. Those who have a credit score above 700 will be eligible for the lowest interest rates that are available.
You can improve your credit score by paying off remaining balances on your accounts and avoiding late payments. Paying more than the minimum amount required can also allow you to boost your score quickly. Avoid closing any of your accounts, which can have a negative impact on your score because it can shorten the amount of time you’ve had the credit history.
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If you’re on the look-out for real estate in Texas, you know that it’s not going to be a buyer’s market for much longer. While the prices may be low at the moment, they’ve been lower.
And they’re only going to rise the more people realize what kind of large houses and wide-open spaces they can get for a steal in the Lone Star State.
What’s So Great About Mansfield, Anyway?
That’s what we’re here to find out. Between their excellent school reviews, expansive parks, accolades, and the excellent home growth values, it’s not hard to see why you should take a good, long look at the Mansfield TX homes.
Continue reading “Why Mansfield is the Final Stop on Your Texas Home-Buying Hunt”
When it comes to buying a new home, a huge factor for homebuyers is whether to tackle the project of a fixer-upper or to buy a move-in ready home.
There are many keys to consider when deciding which route is best for you, and we are here to assist in that tough decision-making process.
Is it best to splurge the move-in ready home and potentially sacrifice the charm or location of an older home? Do you pick the renovation-ready home and risk losing the brand-new kitchen you have been dreaming of? Impression homes is here to help you make the best choice.
Continue reading “Move-in Ready Homes or Fixer-Uppers – What Is Your Best Option?”
It’s that time of year again and Impression Homes understands the amount of time and energy it takes to find your perfect home. We know this process may seem overwhelming, and you might not know where to begin your search, but we are here to help! Impression Homes knows your home provides the backdrop for many special moments in your life. It’s not just a structure, it’s a place where memories are created. Impression Homes will exceed your expectations in your new home buying experience. We have an online sales specialist, Sara, who is here to guide you through a process that may deem daunting at first glance. She will help you locate the perfect community for you and your family, give you current availability, pricing and promotions. Once she has helped you narrow down your search, she will set up an appointment for you to meet with one of our knowledgeable sales consultants. With communities all throughout the DFW area, you are sure to find that perfect home with little stress and valuable knowledge. To get started on the road to a new home, click here for more information!
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A brand new, move-in ready home is a great choice for anyone who is interested in not only living in a brand new home without all the repair issues of an older home, but also for anyone who doesn’t have time for things like updating their home. Some people love working on their homes, and some just aren’t into that sort of thing. If that’s you, you’re in the right place!
First, where do you want to be?
If you’re looking for a move-in ready home in the DFW area, the first thing you’ll want to decide is where you’d like to live. DFW is a huge area spanning two large cities and multiple suburbs. Do some research to decide which of those areas you’d like to be in or near. Remember to take into account school ratings, proximity to your employer (the commute in DFW can get long), and community reviews on sites like Livability, Niche, and AreaVibes.
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Impression Homes is pleased to add Stone River Estates to our growing community list! This gorgeous community is situated in Royse City, Texas.
About Royse City
Welcome to Royse City, “A Friendly Touch of Texas.” Located east of Rockwall, Royse City is a growing city that has a small town feel. Fewer than 3000 people called Royse City home in 2000. By 2014 that number had grown to 10,757 with new home sales continuing to rise. Equally easy access to metropolitan amenities of Dallas/Fort Worth and natural escapes to state parks, friendly people, over a dozen churches and a growing school district explain the phenomenal growth.
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For first-time homebuyers, the prospect of building a home can seem like an unattainable dream. In reality, however, a new construction home is the perfect option for first-timers. By working with professional home builders, you can achieve a home that’s customized to your needs — and your budget.
When your custom-built home is finished, you can move right in — no remodeling or repainting required. In addition to convenience and comfort, a turn-key home can help you control costs. Although the base price of a fixer-upper is often lower, material and labor costs can add up quickly, exceeding your budget. With a new build, you can rest assured that each component and system is in top working order – no need for fixes or updates.
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Having received such awards as the Community Spotlight Award from the Greater Fort Worth Builder’s Association and Tree City USA from the Arbor Day Foundation, Kennedale has become known not only as one of the most well-managed communities in Texas, but also one of its most innovative. From its beginnings when Native Americans hunted along Village Creek to its present-day transition to a thriving suburban area, Kennedale has proven itself to be a great place for anyone to call home. With a population of just under 10,000 residents, it’s small enough to let you know your neighbors yet large enough to have numerous suburban amenities. Because of this, Impression Homes is constructing many new homes in Kennedale, in The Glen of Village Creek community.
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Check out our Grand Prairie Townhomes for Sale!
Town homes are an awesome choice for a new home. Brand new town homes have open, modern floor plans with great-sized rooms. They have all the updates and perks of detached homes, and are available in some awesome communities across the DFW area. At Impression Homes, our town home communities have amazing amenities, are located in convenient areas and vibrant cities, and are move-in ready!
Continue reading “A Guide to Luxury Townhomes in the DFW Area”
There are several different life changes the average family will go through in a lifetime that might call for moving to a home that’s a different size. Kids leaving for college might call for a downsize, whereas having kids might mean your starter home is no longer large enough for your family (and all the stuff that comes with having babies). Or, a change in employment status or salary might affect the amount of home that you can afford. Even if you’re not raising children, moving up in salary might mean it’s time to purchase a nicer home.
Continue reading “Starter home too small? Tips on Upsizing”