Colorado Luxury Houses Magazine Colorado Luxury Houses Fall 2017 | Page 6

TAKE ADVANTAGE OF I Why You Should Buy That Home Now! f you plan to buy a new home in the next two years, you should buy now. Buying now will save you more than the cost of owning the home for the next two years with small increases in home values and interest rates. You basically get the first two years for free. The reason is that these relatively small increases will cost you BIG in the long run. Over 12 years, a 10 percent price increase and 1 percent higher interest rates make a HUGE difference: People buy new homes for a variety of reasons. Most are timed to life events such as getting married, starting a family or retirement. You may want to upgrade from a starter home or need more space for a growing family. Maybe you want to be in a specific area for schools or work. Perhaps you plan to buy a vacation home, rental property, or a future retirement home. However, few people ever think about buying a home in advance of their life event. Buying now never crosses their mind. They simply