Are you ready to buy a new home? If it’s your first home or your last home, there are some things you should do to help you find the right home for you and your family. As with everything we do, preparation is the key. When looking to buy a home, here are some things that should be considered before the hunt begins.
How much can you spend? Create a budget and determine what you want your payment to be. This is different than what you can afford. Give yourself a little cushion for emergencies and being able to enjoy your life. You don’t want to stretch your budget to the point where the house payments are preventing you from living your life to the fullest. Take into consideration the cost of insurance and taxes, and get yourself pre-approved for a loan. The bank may say you can afford much more than you are comfortable with, to determine what you want to spend and look at homes that are within your means.
What do you need in a house? What are the important aspects of a new home that is important to you? Before you start looking for a home, make a list and copy it several times. As you look at homes, it is easy to let your emotions get in the way, and you may start looking at homes that don’t match your list of what is important. For each home you look at, check off the things on the list that it has or does not have. Try not to make excuses for the home. For example, if two bathrooms were on your initial list, and you see a nice home that is great but it only has one bathroom, consider it carefully. If you are just starting your family, you may end up sharing that bathroom with two teenaged boys someday.
Where do you want to live? Think about the places you go to. Where you work, where your extended family is, where your kids will go to school all should be considered when buying a home. If you are unsure if an area is right for you, take a drive and look at the area. Check out the schools, parks, businesses and see if they fit your needs.
Ask for professional assistance. A good realtor that is experienced in the geographical area that you are looking at can be a great asset. A realtor will help you stay on track, and will steer you towards homes that are in your price range and have the amenities you are looking for. A realtor will help you ask the questions you need to ask, and will have recommendations for reputable inspectors. All of these things can help you save time and money.
We have experienced real estate professionals that can help you with your new home search. Please contact us if you would like some assistance.