{"id":20830,"date":"2022-11-02T11:11:00","date_gmt":"2022-11-02T18:11:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=20830"},"modified":"2022-11-02T09:36:31","modified_gmt":"2022-11-02T16:36:31","slug":"buying-a-home-that-firs-you-now-vs-forever-home","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/11\/buying-a-home-that-firs-you-now-vs-forever-home\/","title":{"rendered":"Buying A Home That Firs You Now vs. Forever Home"},"content":{"rendered":"<p style=\"text-align: justify;\">You might think buying you forever home and buying a home that fits you now are two ways of saying the same thing. After all, doesn\u2019t everyone want to buy a home that will be their perfect long-term abode? Unfortunately, it\u2019s not that simple. Thinking about buying your forever home means considering your future needs as well as your present circumstances. It\u2019s an important distinction because not everyone is in a position to buy a house that they can stay in for decades to come.<\/p>\n<p style=\"text-align: justify;\">When you consider buying a home that fits you now, on the other hand, it means identifying what you need right now and how much you can afford to spend on rent or a mortgage in the short term while you continue saving for a down payment on your forever home.<\/p>\n<p style=\"text-align: justify;\"><strong>What\u2019s the Difference?<\/strong><br \/>\nThe key difference between buying your forever home and buying a home that fits you now is the timeline. You\u2019re thinking about your future self and your future needs when you\u2019re buying your forever home. When buying a home that fits you now, you\u2019re thinking about your present circumstances. Forever home buyers often have a mortgage broker or real estate agent help them identify how much home they can afford to buy based on their current situation while keeping their future needs in mind. This might include looking at their income, expenses, debt and savings to see how much they can put towards a down payment and how much they can comfortably afford each month. If you\u2019re buying a home that fits you now, you\u2019re still thinking about your finances, but you\u2019re also thinking about how long you\u2019re likely to be in this home and how much mortgage you can afford while you save enough for a down payment on a home you can comfortably afford in the long term.<\/p>\n<p style=\"text-align: justify;\"><strong>When Buying Your Forever Home Makes Sense<\/strong><br \/>\nA few conditions must be met before buying a house that you plan to live in forever makes sense. Mostly, you need to be sure that buying a home is affordable in terms of the down payment and the monthly mortgage payments. You also need to be sure that the neighborhood you\u2019re planning to buy in is safe and stable. Beyond that, you need to be sure that you\u2019re ready to settle down and commit to one place for the long term. If you\u2019re not sure you\u2019re ready for that kind of commitment, buying a home that fits you now is better than buying you forever home.<\/p>\n<p style=\"text-align: justify;\"><strong>When Buying a Home That Fits You Now Makes More Sense<\/strong><br \/>\nThere are several scenarios when buying a home that fits you now makes more sense than buying you forever home. First, if you\u2019re not yet ready to settle down in one place, a home that fits you right now gives you flexibility. If you\u2019re hoping to move around in your profession or change cities or even countries, you might be better off in a home that fits you now that you can sell easily when you\u2019re ready to move on. If you don\u2019t yet have enough saved for a down payment on a forever home, you may be better off buying a smaller home that fits you now and allows you to wait until you\u2019re ready to buy yours forever home with a small down payment.<\/p>\n<p style=\"text-align: justify;\"><strong>How to Decide if You Should Buy Your Forever Home or a Home That Fits You Now<\/strong><br \/>\nThe good news is that there are no wrong answers here. It all comes down to what you\u2019re most comfortable with and what makes the most financial sense for you now. Start by asking yourself what you can afford and looking at homes for sale to see what your budget allows you to buy. If your forever home is still out of financial reach, buying a home that fits you now is better. You should also consider how firm your plans are. What if you have more or fewer kids than you\u2019re planning? What if you change careers or your employer moves their offices to another city? What other things might impact your future and how would those things impact your ability to continue to live in your forever home?<\/p>\n<p style=\"text-align: justify;\">The bottom line is that there\u2019s no wrong answer when deciding between buying you a forever home and buying a home that fits you now. You just need to understand the differences between the two and which one is right for you. These are both great ways of approaching the home-buying process and ensuring that you\u2019re prepared to commit to one place for the long term while still being financially responsible enough to make the most of your money.<\/p>\n<p><a href=\"http:\/\/blog.rismedia.com\/2022\/buying-your-forever-home-vs-buying-a-home-that-fits-you-now\/\" target=\"_blank\" rel=\"noopener\">Buying Your Forever Home vs. Buying a Home That Fits You Now<\/a> by Anica Oaks | RISMedia housecall<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You might think buying you forever home and buying a home that fits you now are two ways of saying the same thing. After all, doesn\u2019t everyone want to buy &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/11\/buying-a-home-that-firs-you-now-vs-forever-home\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-20830","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buying A Home That Firs You Now vs. Forever Home &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2022\/11\/buying-a-home-that-firs-you-now-vs-forever-home\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Buying A Home That Firs You Now vs. Forever Home &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"You might think buying you forever home and buying a home that fits you now are two ways of saying the same thing. After all, doesn\u2019t everyone want to buy &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/buying-a-home-that-firs-you-now-vs-forever-home\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/buying-a-home-that-firs-you-now-vs-forever-home\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Buying A Home That Firs You Now vs. Forever Home\",\"datePublished\":\"2022-11-02T18:11:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/buying-a-home-that-firs-you-now-vs-forever-home\\\/\"},\"wordCount\":837,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/buying-a-home-that-firs-you-now-vs-forever-home\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/buying-a-home-that-firs-you-now-vs-forever-home\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/buying-a-home-that-firs-you-now-vs-forever-home\\\/\",\"name\":\"Buying A Home That Firs You Now vs. Forever Home &#8226; 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