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It's a buyers' market right now, so it's tempting for many families and individuals that may not have been able to afford their own home before to go forward with the purchasing process today. But that doesn't mean you should go barreling into it without a second thought. Are you ready to buy a home yet? Consider a few of these things first. Many young families are tempted into brand new houses out in the boonies because they get more square footage for a jaw-dropping price, but when it comes to the time and gas money you will lose simply trying to get to the nearest grocery store--let alone commuting--it may not be worth it in the long run. Weigh these factors carefully if you are eyeing a residential community far from the rest of civilization. If you think a townhouse or condo is the way to go, be sure to do your research on resale values in the area. After all, the ideal is to be able to sell your home for at least what you paid for it, if not more, but if there is no one in the vicinity hoping to take your place, then you'll be out of luck. My spouse and I opted to pursue the townhome route largely because there is a market for it in our neighborhood and because utility and maintenance costs are much lower than those of a single family home. Sandy, Utah homes for sale attracted us with safe neighborhoods and spacious townhomes managed by an efficient Home Owners' Association. Be sure to budget carefully each month, and save carefully for unexpected expenses. Only you can determine the best road for your family to take in this housing market.
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