The Economic Policy Institute released some interesting data on the cost of living by US County via a Family Budget Calculator. Anne Arundel County came in at an annual salary need of $99,570. This included (for a family of four) a housing allowance of just $1,692 per month, well below the county average, which I would estimate at $2,000 per month. So, in reality a true adjusted housing cost would be about $5,000 more per year topping the $100k mark on an annual salary needed to make the county affordable.
So many families are renting and using hard-earned income to pay someone else's mortgage. This leaves those families without one of the very best income protections, a mortgage interest deduction. If you've been on the fence about buying a home, let's talk. We have programs with little or no down-payment, county and city grants and are expert at negotiating your closing costs into your home purchase so you could own with little to no money out of pocket.
Why invest in a home? Well, even if you can't afford to buy your dream home now, getting a starter home gives you the tax advantages and you'll be building equity towards a future purchase or retirement savings.
Ready to move up? We can help you sell or rent your existing home for top dollar so that you can use that equity to buy a home that fits your lifestyle right now.
The Roskelly Team wants to invest with you in your dream of home ownership. Let's get started today with a search of all homes for sale in Anne Arundel County! Or, give us a call at (410) 721-6694