The First-Time Homebuyer: How to Choose the Right Home at the Right Time (Ep.19)
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There are too many different societal and economic pressures that come up when you think about home ownership. You could see it as a necessary life investment, you may be trying to start a family, or you could have reached the point in life where you are ready to put roots down in one location to be closer to the homes of friends and family.
Are you thinking about buying your first home? In this episode, host Abbey Henderson, CFP® , CEO Wealth Advisor & Coach, dives into the emotional and financial intricacies of purchasing your first home, as well as how to avoid making quick decisions that are tied to emotions.
Abbey also discusses the importance of aligning your purchasing decisions with your personal values and long-term financial goals, making a point to unpack and discuss the hidden costs of homeownership like property taxes and maintenance.
This episode is a must-listen for first-time homebuyers and anyone curious about the deeper financial implications of owning a home.
Key discussions:
- Understanding the emotional and financial complexities of buying your first home and determining if buying is the right move at the current time
- Learning about the hidden costs beyond the mortgage payment, such as taxes and maintenance
- Discovering why it’s essential to align your home-buying decision with your personal values and long-term life goals such as starting a family or leaving money for your children
- Tips on managing your finances effectively when considering homeownership, including the significance of having a substantial emergency fund
- And more!
Connect with Abbey Henderson:
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