Now is the time to purchase a new home. Not only is it a buyer?s market, but rent prices are increasing steadily and interest rates are expected to increase sometime in the 2016. Read below or click to go to site which will tell you how you should prepare to purchase your new home in the New Year. What you truly want and what you can afford may be two different things. As long as you can find a great community, you should be able to find a place that you’ll fall in love with. See how much of a home loan you qualify for before you even start looking at new homes. This will help you know how much you can afford and from there you will be able to narrow down the particular communities and homes of interest. Preferably, you should get a fixed-rate loan instead of a flex loan. A flex loan is just that, flexible. The outstanding balance of your loan most likely will change as market interest rates change. Avoid making any big purchases or taking out large personal loans. This will affect your credit score and how much you qualify for. Once you know how much you can afford start looking at homes. Don?t settle for the first home you see. Take your time to be able to compare the homes that are available that meet your family?s needs and lifestyle. Next, have enough money put aside for a down payment. This is usually 20 percent but in a competitive market you may want to put down more than the standard. Enlisting the help of a real estate broker is also a good idea. Brokers are experts in the area and will have insight on comps and information on the area like shopping, dining, entertainment, school districts, and walkability scores. They come in handy when you are searching for new homes, as they will be able to help you choose the right home for you and your family, ensuring that the property is perfect for you and will make you feel comfortable and at home. If you are currently in? the market for a new home in the Washington County MN? area, Derrick Custom Homes offers new homes in Woodbury MN in the planned community of Woodhaven!? This beautiful community has only 21 homesites each ranging in size from one-third acre to one and half acres and with the convenience of city water and city sewer. Each home is designed to have either a lookout or walkout basement. Homes start from the $850?s and up. Please contact Tim White at or 612-834-3040 for additional details about our new homes in Woodbury MN.