Buying a home in California is a dream increasingly out of reach for many residents. Only about half of the state’s residents currently own their own homes.
When you buy something, be it a household appliance, electronic equipment or a car, you know that you’re protected against manufacturing defects by the manufacturer warranty. But what about when you buy a newly constructed home?
It’s time! The decision has been made. You won’t be a tenant anymore; you will be the owner of your home. But before becoming an owner, you need to be able to finance the purchase of a home, whether it’s a house or a condominium.
Financing the construction of a new home differs from that of buying an existing home, and can be a more rigorous process for the home-building client.
Regular running costs of a house can add up over time and if you’re not paying attention, they can start to take a significant bite out of your monthly income.