Once upon a time, searching for the perfect Orange Beach Real Estate was a real hassle. Well, not anymore! With RE/MAX, you can quickly and easily search through a variety of real estate listings, sorting and filtering by a number of options.
However, before you begin your search for a new home, there are a number of things to consider. First, and most important, is how much home can you really afford? You see, the bank will tell you how much money they are willing to loan you, based on a number of factors, but that number does not necessarily match how much you can afford.
The easiest way to figure out how much you can afford is to create a detailed budget. For the next month or two, carefully track your income and expenses, making note of where your money is going. Determine what expenses are fixed, which are variable, and identify areas where you could cut spending. Next, set aside a portion of your income to savings, preferably 5-10% of your net income. Take your income, and subtract all non housing expenses, and whatever amount you have set aside for your savings. Whatever is left is the amount you can afford to spend on housing.
When you know how much home you can truly afford, it makes it so much easier to find the right home. You won't waste time looking at properties that are outside of your budget range, and it will help you to determine what is most important to you in a home.
With that in mind, it is time to start searching for you Orange Beach Real Estate. For more information, please Contact Us today!