First Time Home Buyers Hit Some Snags

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In a median price home, what are you looking for? Location, Location, Location is what I hear. Location Northeast Texas, 1 mile from elementary and highschool. Community less than 1,000. Quite neighborhood. Within 13 miles of 13,000 community with Super Wal-Mart; within 50 miles of two communities of 70,000. Describe type of home desired. Interested Seller

Interested Seller of TX 1:45AM May 20, 2009

I can remember the last two houses we looked at. I was in the military then and didn't know how much I would be home with my wife and daughter. With time and money I can make anyplace livable. I can fix most anything.

We found two houses in our price range and located nearly where we needed them to be. The cheaper had unfinished renovation and limited shop/storage space for $9.5 k less but newer, more floor space and better floor plan.

I chose the smaller, more expensive, renovated older house with the big workshop. I didn't have to do too much maintenance immediately and over the last 15 years I've been changing what I don't like and making upgrades.

Buy only what you can afford in time and money. Don't bite off more than you can chew!

R. Wiltse of NM 1:35AM May 20, 2009

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Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, is the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back. Send her your personal finance questions.


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