Despite the understandable anxiety of making one of life’s most important purchases - buying a home - it may be time make a move. Why? The opportunities have never been better! This is especially true when communities such as Morningstar DFW, located just west of Fort Worth in Aledo are considered in the decision.
Morningstar has taken the attributes of a master-planned community to the next level! Its location is perfect for families who want the small-town lifestyle, but also want easy access to the employment centers and entertainment of Fort Worth and surrounding cities. The huge list of amenities includes acres of open green spaces filled with native wildflowers, manmade lakes and streams that run throughout the community and surround a sprawling community center. Plus, the amenity center and clubhouse are complete with resort-style pools for kids and adults, cabanas, play yards, splash pad, soccer field, and lakeside entertainment lawns. Residents will enjoy miles of hike and bike trails that wind along creeks lined with large mature trees and natural landscape.
Even the economic forces seem to FINALLY be cooperating with home buyers.
According to Homebuyer.com, “The first reason why 2023 is an excellent time to buy a house is that mortgage rates are falling back into the 6s and are likely to hold. According to Freddie Mac, 30-year fixed-rate mortgage rates averaged 6.57 percent to open the month and dropped 0.375 percentage points when Congress reached a budget deal. When mortgage rates drop, it’s easier to buy your first home and stay within budget.
“Plus, the Federal Reserve is expected to pause its streak of Fed Funds Rate hikes after ten consecutive increases dating to last year. Raising the Fed Funds Rate combats inflation. The central banker’s pause would suggest inflation is near its end. Although the Federal Reserve does not control mortgage rates a pause would lead rates down. For first-time buyers, interest rates go even lower.”
There are a few tactics that any home buyer, whether they are first-time buyers or someone who has been a homeowner for many years, should consider when beginning the search for a new residence.
Proximity to employment, shopping, entertainment and (for those with school-age children) great schools should be at the top of a home buyer's checklist. Scoping out these location factors will help keep everyone in the family happy, or at least, less stressed.
Having a safe place to relax, take a walk, take a swim or gaze at the stars in the backyard has become an important criterion for families who are looking for a place to call home. If the neighborhood is arranged in a way that encourages interaction with other families, the quality of life is improved immeasurably. Never underestimate the power of a backyard entertainment space and a phenomenal year-round lifestyle program.
The trend toward multiple generations living in one home is increasing. Plus, when kids graduate from college, they may need to live at their old home until that first job comes along. Accommodating these space demands should be anticipated before buying a home and they are affected by the amount of space a homebuyer can afford for mortgage payments.
Nothing “feels” better than a newly constructed home. Even the smell is different. The experts at Nerdwallet note, “An existing home generally costs less than buying a new construction home. But if local inventory is low and you have the means, a brand-new home offers enticing options to customize. “Fixer-uppers” or single-family homes in need of updates or repairs, usually sell for less per square foot than move-in-ready homes. However, you may need to budget extra for repairs and remodeling.”
With 3D home tours, it’s possible to buy a house, sight unseen, “but it’s always best to visit in person,” according to Nerdwallet. “Open your senses when walking through a home. Listen for noise, pay attention to any odors, and look at the overall condition of the home inside and out. Ask about the type and age of the electrical and plumbing systems and the roof.
For better quality of life, Morningstar checks all the boxes for a great new home. At the very least, it’s worth adding this master-planned community to your “must see” list. The time is right to make that move. Click here and come see why.
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