Townhomes are very highly sought-after right now, especially among young and first time home buyers on a budget. Along with being more affordable, most townhomes also offer the comfort and convenience of being maintenance-free, further boosting their appeal to those in the market for a new place to live. And if you're looking for a townhouse in Raleigh but only have a budget of around $300,000, we have a few great places in mind that may be the perfect place to begin your search.
One great place to search is ...
If you’re thinking about buying a home in 2019, you'll probably want to consider buying sooner rather than later.
Why, you ask? We explain below...
HIGHER MORTGAGE RATES
To start, mortgage rates are rising. While still low for now, the 30-year, fixed rate mortgage is expected to reach 5.8-percent by the end of 2019. That’s something we haven’t seen in about a decade, and a good reason to buy early.
RENT PRICES ARE STILL RISING
Nationwide, rent prices are also expected to rise. Thanks to a good economy, rental prices should be on the upswing, again making now a good time to buy.
If you're planning to buy on a budget in 2019, we have a few places in mind that may be the perfect place to start your Durham home search.
Southland Park is a great place to begin your search for a new home. With several affordable options in homes for 2019, the area offers three- to four-bedroom homes, priced in the low to mid $200,000s.
Another great community to search is Dunbarton. With a number of different home designs and mature landscaping, it’s possible to find up to a four-bedroom home here for under...