By Geoff Williams and Annalisa Burgos, FrontDoor.com | Published: 10/07/2009
THE NEIGHBORHOODS AND AREAS FOR YOU
Depending on your situation, trading up can mean moving from a small condo to a 2,000-square-foot, single-family home or leaving the 3,000-square-foot, single-family home in the suburbs for a luxury penthouse loft in the downtown area.
Learn how to buy a condo or loft >>
Perhaps it means buying a luxury home in the most elite neighborhood in the city or custom building a home. Or it could mean owning waterfront property.
Learn how to buy luxury property >>
Learn how to custom build a luxury home >>
Learn how to buy waterfront property >>
No matter what your budget, be careful that you don't overpay for a place just because you can afford it. Look at the comparables and determine the home's market value. Research the neighborhood and school districts.
Interest rates have crept up, but refinancing may make sense for you.
Purchase price, interest rate, taxes and PMI determine your monthly payment.
Find out if owning a home will save you money.