4 Signs You're Ready for Homeownership in 2020

​Shifting from renting to owning is a significant life event for any individual. Not only does it imply that you’re financially stable but it also means you’re ready to settle down. However, like any other big decision, there are still a lot of things to consider. If you’re planning to take the leap towards homeownership, here are concrete signs that it’s time to buy your own home this 2020.

1. You’re tired of wasting money on rent.
   Probably the biggest disadvantage of renting a home is that you’re actually throwing away hard-earned money each month. If you’re sick of bulking up your landlord’s wallet, then homeownership is the best decision for you. Unlike paying rent, your monthly mortgage gears towards closer to getting your own home.
   
   
2. You have saved enough money for a downpayment.
   You’ve saved money for a few years and finally, have enough money for a down payment. Depending on the lender, you need to provide 5 to 20 percent of the home’s purchase price as an up-front payment. If you have enough money, congratulations! You’re already one step nearer towards buying a home.
   
   
3. You’re ready to take care of a home.
   Getting a home may not be as simple as you think. In fact, it’s a labor of love. If you’re used to your landlord having everything fixed, owning a house means you have to deal with all parts of a home’s upkeep. If you think you’re ready for the emotional, financial and moral challenge, then, you’re most likely ready for homeownership.
   
   
4. You’re ready to settle in one place.
   Owning a home provides a sense of security that renting does not. If you’re tired of moving from one place to another because of landlords raising rents suddenly or terminating contracts abruptly, buying a home is your best option. Through that, you will be able to stay in the area as long as you like, see your family grow, focus on important tasks at hand, and know the community around you much deeper.

Conclusion
If you are seeing all those signs, then you’re officially ready for homeownership this 2020. When you purchase one, don’t forget to keep home insurance. Not only will it provide protection to your home, but it will also keep you and your family from any financial mishaps that may arise.

At Cornerstone Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 661-8831 or Click Here to request a free quote.