How do you find new homes that are budget-friendly?


Quick Answer

Find new homes that are budget-friendly on Zillow or Realtor.com. Use the mortgage calculator on Zillow to determine your monthly payments, or factor your estimated income, monthly debts and interest to find whether a home is affordable, illustrates Realtor.com. If you are considering a mortgage, getting a preapproval lets you determine the value of the home you can afford based on the down payment, monthly mortgage payments, insurance and taxes, according to Zillow.

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Full Answer

Search for a property on Zillow by address, neighborhood or ZIP, and check the New Construction category under the Listing Type tab. Specify the maximum price to focus on homes that fit your budget. Sort listed homes by number of bedrooms, total bathrooms, square footage and age of a listing. Filter home listings based on estimated property values of homes using the Zestimate feature on Zillow.

Use the filters on Realtor.com to find new single- and multi-family homes and communities by lot size, price range and home size. View photos of featured homes, and preview affordable homes to find a property you prefer. If you are considering a rental home, compare the rental rates of similar homes to ensure the property you select has a fair price, according to MoneyCrashers.com. Factor your fixed and variable expenses in the choice of a rental, and identify the adjustments in your personal finances you can make to fit your budget to a specific rental.

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