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homebuying process

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Buying a Home

Renting May Be a Roadblock to Your Dream Home

September 27, 2018
The Coral

As a homebuilder, we hear the “one-and-done” sentiment all the time. Many homebuyers want to “get it right” the first time they purchase a home so they can be settled for the long haul. Why not save and keep renting until you can afford exactly what you want? While a no-compromise stance sounds good in theory, it may actually be a roadblock to your dream home. You may find better results by viewing your first home as a stepping stone, not the end goal. Making…

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Buying a Home

Cost Comparison: Rent or Buy

August 30, 2018
Couple calculating finances

There are many benefits to being a homeowner. From a purely financial perspective, there are tools to help determine the cost of renting versus buying a home. Comparing the cost of renting to buying usually depends on key factors, such as budgeted monthly rent, target home price, the length of time you plan to live in the home and what your mortgage rate would be. Estimating these values can help determine if buying is financially advantageous. In addition to the actual buying costs, it is…

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Buying a Home

How to Buy a Home Off a Floor Plan

June 4, 2018

Purchasing a new home offers many opportunities over buying resale, including the chance to select a floor plan with features and structural options that complement your lifestyle. The result? A home with a floor plan that’s better personalized to meet your individual needs. However, since new homes offer so many possibilities, there may not be a home already built to your specifications when you go under contract. Don’t let this stop you from getting the home you really want. Follow these tips for successful floor…

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Buying a Home

Why Great Schools Matter (Even if You’re Not a Parent)

April 24, 2018

There are many factors to consider when purchasing a new home, and whether or not you have children, the quality of area schools is definitely one of them. Buying a home in a highly ranked school district might cost you more up front, but the potential benefits can be significant. The cost of good schools According to Redfin, buyers pay an average of $50 more per square foot for homes in top-ranked school zones. A 2016 Realtor.com study found that homes in school districts ranked…

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Buying a Home

7 Steps to Making a New Home Purchase

March 7, 2018
Streetscape at Inspirato

Whether you’re a first-time buyer, you’re new to new construction, or you simply haven’t bought a home in years, we’d like to demystify the process for you! Here are the first steps involved in making a new home purchase. Save for a down payment It may be the first step when buying any home, yet many people don’t know how much to save for a down payment. When Richmond American conducted a focus group study, we found that current renters were either under or overestimating…

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