What to Consider Before Buying a Home

This week I sat down again with Ariel Ward, CFP to talk about
things to think about before buying a home.


Ariel Ward, CFP joined Workable Wealth in 2018 as a Financial
Planner and in March of this year, made the move to Abacus
Wealth Partners with me as a Financial Planner. She and I
work closely together on our clients. She has 11 years of
experience in the field of personal financial services and in
helping clients develop financial clarity. She is passionate
about helping professionals understand their financial lives
and make better decisions with their money. Ariel is married
to a pilot and spends as much time as possible exploring the
US with her husband and 2 children. She enjoys working with
clients in the aviation industry to make the most of their
employee benefits and map out a plan for personal financial
strength. She is a member of NAPFA, the XY Planning Network
and the Financial Planners Association.


Ariel works virtually out of Charlotte, NC. She enjoys North
Carolina’s mountains, beaches and everything in between. In
her free time you can catch her walking to one of Charlotte’s
excellent breweries, playing Scrabble or building Lego houses
with her kids.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


A big decisions we’ve been helping multiple clients with
this year

Financial considerations to make before buying a home

The reason people many feel the need to purchase a home

Homeownership costs that might not always increase the
value of the home

Where the commission fees play into your financial well
being for short term homeownership

How long to plan on staying in a home before selling it

The dangers of buying a home for the maximum amount a
lender approved you for

Why you should consider future life milestones when
deciding on how much house to buy

Where retirement savings plays into plans for buying
house

Some realities of homeownership that aren’t always talked
about

Tips for saving for a home down payment

The types of accounts to stash money away into for your
initial down payment

A good way to prepare financially if you are considering
upsizing your home

The down payment percentage you should be striving for

The way Private Mortgage Insurance can affect your cash
flow

How to prioritize big savings goals alongside buying a
home

Rule of thumb for establishing an emergency fund



LINKS WE MENTIONED ON THE SHOW:


How to Plan (and Save) for a Home Down Payment blog

Is Home Buying Still a Good Idea? blog

Should My Partner and I Buy a Home Before we Marry? blog

How Much Home Can Your Lifestyle Afford? blog

Planning to Buy? blog

8 Hidden Costs When You Buy a Home blog



GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD
ABOUT HER HERE


Workable Wealth Website

Ariel’s e-mail