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- First Home Buyers' Dilemma: Mortgage, Baby, or Both?- Friday 26th July
First Home Buyers' Dilemma: Mortgage, Baby, or Both?- Friday 26th July
First Home Buyers' Dilemma: Mortgage, Baby, or Both?
Your Weekly Sacramento Newsletter
From The Best Sac Home Group
Today’s Trivia Question❓
Linking Sacramento and West Sacramento is what 738-foot-long landmark with the same name as a far more famous structure in London, England?
Answer at the bottom of the newsletter
First Home Buyers' Dilemma: Mortgage, Baby, or Both?
Today we take you on a journey along California's iconic Highway 1.
Discover the breathtaking coastal views, charming towns, and must-see stops along your essential road trip itinerary.
From Big Sur's rugged beauty to the historic charm of Monterey, we'll guide you through an unforgettable scenic adventure.
Next, we tackle the common dilemma faced by first home buyers: should you focus on securing a mortgage, starting a family, or trying to balance both?
We'll provide insights and tips to help you make the best decision based on your personal circumstances and financial goals.
If you have any questions on any aspect about real estate always happy to have a chat!
Talk Soon,
Suneet AgarwalCEO of the Best Sac Homes Group and Big Block Realty North
Featured Listing
Seller Offering A 1% Credit!
8901 Maple Hill Lane Orangevale, CA 95662
SELLER offering 1% CREDIT. Welcome to this brand new single story home in a private subdivision of only 7 homes that will be gated. Perfectly located in Orangevale close to I-80 & HWY 50, and great schools.
Get to Folsom, Roseville, Sacramento or any of the surrounding areas quickly. This property features top quality materials & craftsmanship, unlike most new built homes in the area.
Very functional open floor plan with a great room concept & a huge kitchen and walk-in pantry. This home has it all & is priced to sell quick.
Exploring California's Scenic Highway 1: Your Essential Road Trip Itinerary
California's Highway 1, famously known for its stunning coastal views and picturesque landscapes, offers one of the most iconic road trip experiences in the world.
Whether you're a local looking to explore your backyard or a visitor seeking adventure, here’s your essential guide to making the most of this unforgettable journey.
Start: San Francisco
Begin your journey in the vibrant city of San Francisco, where you can soak in the sights of the Golden Gate Bridge and explore its eclectic neighborhoods. Fuel up on local delicacies and pack your essentials for the road ahead.
Day 1: San Francisco to Santa Cruz
As you depart San Francisco, head south towards Half Moon Bay, known for its rugged coastline and charming small-town vibes. Continue along Highway 1, stopping at Pigeon Point Lighthouse and Ano Nuevo State Park for breathtaking ocean views and possible glimpses of wildlife. Arrive in Santa Cruz in time to explore the boardwalk or unwind on its beautiful beaches.
Day 2: Santa Cruz to Big Sur
From Santa Cruz, venture further south towards Monterey, where you can visit the renowned Monterey Bay Aquarium or take a scenic drive along 17-Mile Drive. Continue your journey through Pebble Beach and Carmel-by-the-Sea, each offering unique coastal charm and artistic communities. As you enter Big Sur, prepare for jaw-dropping vistas of cliffs meeting the Pacific Ocean.
Day 3: Exploring Big Sur
Spend a full day exploring Big Sur’s natural wonders. Hike through Julia Pfeiffer Burns State Park to see McWay Falls, a picturesque waterfall cascading onto a secluded beach. Marvel at the Bixby Creek Bridge, an architectural marvel that spans the rugged coastline. Don’t miss dining at Nepenthe, offering panoramic views of the coastline and delicious local cuisine.
Day 4: Big Sur to San Simeon
Continue your journey south, passing through the historic Hearst Castle in San Simeon, a lavish mansion with sweeping views of the Pacific Ocean. Take a guided tour to learn about its storied past and opulent architecture. Nearby, visit Elephant Seal Rookery to observe these magnificent creatures in their natural habitat.
Day 5: San Simeon to Santa Barbara
As you head towards Santa Barbara, make a stop in charming Morro Bay, home to Morro Rock and a bustling harbor. Enjoy fresh seafood and explore local shops before continuing your drive through San Luis Obispo, known for its Spanish mission and vibrant downtown. Arrive in Santa Barbara, where Spanish colonial architecture meets pristine beaches and a lively cultural scene.
Day 6: Santa Barbara to Malibu
Depart Santa Barbara and journey towards Malibu, passing through Ventura and its scenic coastline. Explore Malibu’s famous beaches, such as Zuma Beach or El Matador State Beach, known for their dramatic cliffs and pristine sands. Enjoy a sunset dinner overlooking the Pacific Ocean before retiring for the night.
End: Los Angeles
Conclude your Highway 1 adventure in Los Angeles, where you can explore iconic landmarks like the Santa Monica Pier, Venice Beach, and Griffith Observatory. Reflect on your journey along California’s coast, filled with unforgettable vistas, culinary delights, and a deep appreciation for nature’s beauty.
Tips for the Road:
Timing: Consider traveling during spring or fall for milder weather and fewer crowds.
Accommodations: Book accommodations in advance, especially during peak travel seasons.
Pack Essentials: Sunscreen, comfortable clothing, camera, and a sense of adventure!
Whether you seek serenity, adventure, or simply the joy of the open road, Highway 1 promises an unforgettable journey. Safe travels!
First Home Buyers' Dilemma: Mortgage, Baby, or Both?
Buying your first home is a major milestone and a significant financial commitment.
For many couples and individuals, this decision often coincides with another life-changing event: starting a family. Balancing the goals of purchasing a home and planning for a baby can be challenging.
Understanding the Financial Impact
Before making any decisions, it’s crucial to understand the financial implications of buying a home and having a baby. Both are substantial financial commitments that require careful planning and budgeting.
Mortgage Costs
Down Payment: Typically, a down payment ranges from 3% to 20% of the home's purchase price. A larger down payment reduces monthly mortgage payments and can eliminate the need for private mortgage insurance (PMI).
Monthly Payments: This includes principal, interest, property taxes, and homeowners insurance. It’s important to ensure that monthly payments fit within your budget.
Baby Costs
Prenatal and Delivery Expenses: Healthcare costs associated with prenatal care, delivery, and postpartum care can be significant, even with insurance coverage.
Baby Essentials: This includes nursery furniture, clothing, diapers, and feeding supplies. The costs add up quickly, especially during the first year.
Weighing the Priorities
Deciding whether to prioritize buying a home, starting a family, or doing both requires careful consideration of your personal and financial goals.
Prioritizing a Mortgage
Stability: Owning a home provides stability and a sense of permanence. If you plan to start a family soon, having a stable living environment can be beneficial.
Investment: Real estate can be a good investment, potentially appreciating in value over time and building equity.
Prioritizing a Baby
Timing: Biological factors and personal preferences often influence the decision to start a family sooner rather than later.
Focus: Having a baby requires significant time, energy, and financial resources. Prioritizing this can allow you to focus fully on your growing family without the added stress of homeownership responsibilities.
Read ALL the details in our latest blog!
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Want learn more? Reach Out!
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Agent Spotlight: Kate Monier
Kate was born and raised in the Sacramento region. She has a passion for Real Estate and has worked in and around the business for many years.
After having two children, her family moved to the foothills which expanded her knowledge of the area and the beauty the region has to offer.
Her love of this business is part of who she is and she puts all her passion into the work she does for her clients.
She is always happy to help anyone who is looking to buy or sell Real Estate and she is always available for your needs. Reach out to her anytime!
💡 Answer to Trivia Question:
Tower Bridge
There you have it, From planning a summer road trip along the costal California Highway to weighing up your family and mortgage options as a first home buyer. Enjoy the Summer Vibes. Keep Positive. Keep it Sactown Strong until next time!
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