403,211 millionaires live in homes valued at $1 million or more.
1,138,070 millionaires live in homes values at $300,000 or less! 90% of millionaires live in homes valued at $1 million or less. Did you read The Millionaire Next Door , a book about how the average family next-door is often a millionaire who has managed their money well and not spent it all on consumables.
As I advise my clients - don't buy the top dollar you can be approved for. When buying a home, it's a good idea to save something for other things in your life like home maintenance, vacations, education and unexpected circumstances. You'll feel less pressure when you have something left over at the end of the month or if your financial situation changes.
When you decide on what size home you want, keep in mind that a larger home requires a higher utility bills and higher costs in maintenance, home improvement and product replacement because of the extra size.
Happy house hunting and if you are in the Austin area, I'd love to help you find a home. Give me a call.
Austin, Texas. Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. Amelia Bullock Realtors. 512.589.7988.
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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
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