A rural lifestyle is appealing for many reasons. There are also a few draw backs. As with everything in life, you must determine the good and the bad for YOUR rural lifestyle. When you think about where you want to live with your family, there are some important details to take into consideration. Generally, you have the option to live in or near a large city where the population tends to be quite high. There is also rural living. There are usually fewer people living in one specific area, you have more land as part of your property, and it’s much quieter. There are pros and cons for both of these options. It really comes down to what works best for your family and your budget. Why a Rural Lifestyle Be Better: The City Is StressfulThe city can be a very stressful place to live in. There tend to be many housing locations in a very small area, there are a lot of people to navigate around, it’s loud, and it’s not necessarily the most convenient place to raise a family. Many people end up moving out of a major city once they start expanding their family. It may be easy to live in a busy city when you’re young and single, but this situation becomes more difficult when you have a family of your own. Not to mention, city living can be more expensive of a lifestyle to maintain. This can add even more stress to your plate. Rural Life Health HazardsBelieving that rural life is always a healthier option is a popular misconception. In fact, there are health hazards that apply to both city living and rural life. In the city, you often deal with pollution. While pollution is usually far less in a rural location, there can be other dangers that lurk on your property. If you have a lot of equipment that you need in order to maintain your land, there are dangers to watch out for including emissions. There are even health hazards associated with tractors. Benefit of a Rural Lifestyle: Peace and QuietYou may want to think a bit about the kind of person that you are. Some people absolutely hate when things are too quiet. They love the hustle and bustle of a noisy city around them. For others, this can become a nuisance very quickly. Rural living provides you with the sound of the rain, wind, birds, and animals. If the quiet is what you crave, then rural living is the obvious choice. Not all cities are created equally, so you may also want to do some research on different cities that you could relocate to. Some will be a bit quieter than the others. You may also be able to find a certain street or block to live on that is known for being a great area for families that are looking for more peace and quiet. Rural Lifestyle: Space to RoamIf you have children, it’s likely that you want to provide them with plenty of room to play. Even with a large home, there’s something so nice about your children having a large yard or property to play on. You will have the room to install a playset, a pool, a basketball hoop, and much more. City living can really limit you. A small green space, a community playground nearby, or your patio might be all you get. Lack of Emergency CareSome rural communities are situated very close to a thruway entrance that provides access to things like hospitals and fire stations. If you’re in the middle of nowhere, though, you might not be able to get help in the case of an emergency. It could take quite a while for help to get to you if you don’t even have a town fire department. That doesn’t mean you have to sacrifice rural living. It’s simply important that you research where you’re going to be living and what resources are easily accessible to you. Teaching IndependenceIf you have chosen to raise your family on a property where you have to do a lot of things for yourself, this can be a very educational experience. Teaching independence is something that your children will benefit from for a lifetime. They can learn how to take care of a home, animals, and land, as well as become self-sufficient. Without restaurants or grocery stores right around the corner, there is a need for preparedness and knowledge. Mental and Physical Health BenefitsPeople who live in a rural community tend to be very healthy both physically and mentally. These physical benefits come from being more active outside. This could be from the open space, which allows them to perform more strenuous activities such as exercise or playing sports, or just the upkeep of the property. The mental health benefits that come from spending more time in nature include enjoying the simple things in life like a spring rainstorm or a clear star-filled sky. If you are contemplating a life in a city versus life in a rural setting, there is a lot to consider. These are both very different lifestyles. Because you’ll be investing a good deal of your money and life in this final decision, it’s good to look at the good and the bad of each option. In the end, it’s likely you feel a pull in a certain direction. Some people were just meant to live in a more rural environment. Some people will function far better in the city. This isn’t a decision that should be taken lightly. There is a lot to consider that will impact your future and your children’s futures as well. Thinking about moving? Click here to learn about our free home value estimation service! Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
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Having a low credit score can be an issue in purchasing a home. One thing to understand, credit is a game, it has rules. Once you understand the rules, you can play the game to win. Fixxing credit is not that hard. I used to own a mortgage company and have decent depth on this issue. Call if you need help. Owning a home is part of the American dream. If you’re tired of throwing away money on rent, then you should consider making a purchase. Even if your credit score isn’t the best, there are still many options available to turn your dreams into a reality. Bad credit loans and mortgages for those with low credit scores do exist. Get a Home Loan When You Have Low Credit: FHA LoanFHA is one of the best programs around for those with a low FICO. They also have a very nice down payment plan that helps those with little cash. If your credit score is at least 500, then you will be required to put down 10%. However, to get the low 3.5% down payment plan, then your credit score must be at least 580. According to City Creek Mortgage, because FHA loans are government-backed, they allow lenders to take greater risks. However, you should keep in mind that private lenders issue these loans, and each lender will have different requirements and terms for you to be approved. Even if your credit score is approved, the home must also pass the inspection requirements. These loans are eligible for first-time buyers or those who haven’t had a home loan in three years. Additionally, the house must be your primary residence. Get a Home Loan When You Have Low Credit: VA LoansVA loans are excellent options for veterans, service members, and select spouses. Many people turn to the VA for help on loans because this program is more lenient on credit and income requirements. Since there is no PMI nor down payment required, it’s one of the best options around. According to VA Loan Captain, like the FHA loan, these loans are backed by the government and funded by private lenders. Most lenders want to see a credit score of around 620, and you must have served in a branch of the military for at least 180 days. USDA 503 Loan ProgramIf you live in a rural area, then there is another option for low credit loans that is often overlooked. The United States Department of Agriculture gives loans to people who otherwise might not be able to obtain them. These loans are for borrowers with a credit score of at least 630. The goal of this program is to help families with low-to-moderate income levels who live in rural areas. Keep in mind, many areas the USDA classifies as rural aren’t as off the beaten path as you would think. Their website has an address checker to identify potential areas near you. Finally, having a credit score below 700 isn’t the end of the world. You can still fulfill your dream of owning a home. FHA offers the best programs around, but there are a few more that can get you out of a rental and into a place to call your own. Now that you’ve gotten the loan, you’re ready to search for a house. Check out our listings to find your new home. If you’re thinking of selling your home, contact us so we can help! Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
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