Is a new home purchase in your near future? If you are considering purchasing a new home, but you are not sure if the time is right, we have some good news – now is the best time!
Owning your own home is still smarter than renting. In half of all US metro areas, buying is cheaper than renting if you stay in your home for at least two years. Atlanta consistently ranks as one of the best metro areas to purchase rather than rent a home. All the transaction costs of buying a home are offset by tax write-offs, appreciated home values, and other great benefits.
During the recent recession, the rate on a 30-year fixed-rate loan averaged 4.32 percent. Though we have emerged from the recession, rates still remain low! Time is not on your side for new home loans; if rates increase just by 1 percent, that translates into 11% less buying power for you! You should secure a home loan and lock in your interest rate now before the rates rise any more.
Lastly, home prices are still affordable. The end of the recession has signaled the nationwide rise of home prices, but home prices today are still 11 percent lower than their peak in 2007. Plus, homebuying is more affordable than ever! A recent Zillow analysis shows that homebuyers are now spending just 15.3 percent of their income on a mortgage, far less than the 22.1 percent they were spending prior to the collapse of the housing market.
If we have convinced you that now is the best time to purchase a new home, be sure to check out new communities by Richardson Housing Group (RHG)! RHG builds beautiful new homes in Gwinnett and Jackson Counties. RHG offers the latest home designs with innovative floor plans, tons of custom features, and incredible neighborhood amenities. Visit us one of our new home communities today!
Kelly Mill features new homes in Loganville from the $170s. This outstanding Gwinnett County location places parks, shopping, dining, entertainment, and acclaimed schools right outside your door. Enjoy new Craftsman-style homes with up to 4 bedrooms and 2.5 baths. For more information, call 678-794-0431.
Magnolia Creek offers new homes in Lawrenceville from the $200s. Magnolia Creek is conveniently located off of Lawrenceville Highway, with easy access to Sugarloaf Parkway and GA 316. Families will love access to the prestigious Brookwood School District. Homes include up to 5 bedrooms and 3 baths. For more information, call 404-216-1502.
Mulberry Springs features new homes in Dacula from the mid $200s. These homes are an incredible value, with up to 3,000 square feet of space, three-car garages, and covered back patios (per homesite)! Homes include up to 5 bedrooms and 4 baths. Only 18 homesites are available, so hurry in today! For more information, call 770-330-5978.
River Stone offers new homes in Lawrenceville from the $250s. The community boasts an impressive amenities package, including Junior Olympic-sized pool, lighted tennis courts, tot lot, and clubhouse. River Stone is located in the prestigious Brookwood School District. Homes feature up to 6 bedrooms and 4 baths. For more information, call 404-216-1502.
Whitfield Estates features new homes in Auburn from the $170s. Whitfield Estates is a nature lover’s paradise. This 59-home conservation community includes 11 acres of green space and is next door to the popular Mulberry Park. Homes include up to 5 bedrooms and 3 baths. For more information, call 770-330-5978.
Heritage at Jefferson is Jefferson’s premier new home community priced from the $170s. Home designs offer up to 2,600 square feet and 4 to 5 bedrooms on almost half-acre homesites. Families will love access to the award-winning City of Jefferson schools. For more information, call 770-330-5978.
Richardson Housing Group (RHG) builds new homes in Atlanta and surrounding areas. For more information on these fabulous RHG Homes, visit us online at www.RHGHomes.com. To keep up-to-date on the latest news and offerings by RHG Homes, check us out on Facebook at www.facebook.com/RHG.homes.
Source: “Why You Should Get Off the Fence About Buying a Home,” Zillow Blog