Feel like your first home is years out of reach? With affordability this tight, we get it. But the type of home you buy can change the timeline in a big way. On the typical path, saving up and reaching the break-even point where owning costs about the same as renting takes around 15 years. With a starter home, it's closer to 7. And both of those numbers assume a 20 percent down payment. Most first-time buyers put down far less, and some loans require as little as 3 percent or even zero down. Tired of waiting? Reach out to The Kombrink Team at One Source Realty and let's chat about getting you into your first home sooner.
Northern Illinois Real Estate Videos & Market Updates
Get straightforward real estate advice, housing market updates and local insights from The Kombrink Team. Our Northern Illinois real estate videos cover home buying, selling, home prices, mortgage rates, home equity and current market conditions throughout Geneva, St. Charles, Batavia, Aurora, Elgin, Naperville and communities across Kane and DuPage Counties.
Whether you're planning a move or simply keeping an eye on the market, browse the latest videos below or choose a topic to get started.
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Found 3 videos about "starter home"
Renting might feel cheaper now, but rent always goes up. Meanwhile, home values rise too, but as a homeowner, that works in your favor. When you buy: Lock in your monthly payment Build wealth through home equity Ditch rising rents for good! If you're ready to explore starter homes, The Kombrink Team at One Source Realty can help.
Your first home was never meant to be your forever home. If you’re ready for more space, today’s market may offer a unique advantage. Starter homes remain in high demand, which could help you get a strong price when you sell. Meanwhile, more move-up homes are hitting the market, giving you additional choices and potentially more negotiating power. Add in the equity you’ve built, and your next move may be closer than you think. Ready to explore your options? Contact The Kombrink Team today.
