What you need to know about buying a home.
Buying a home is all about you! Your finances, your needs, and your dreams. It is one of the biggest and most important purchases you'll make in your lifetime. It's also one of the most exciting! From picking out paint colors to deciding on the perfect layout, buying a home is an exciting process—and one that can be full of surprises. Here are some tips to consider when buying a home.
Choose the right location.
The global pandemic we are now living in has had a significant impact on our travel habits. As a result, in addition to considering proximity to work, schools and shopping as decision-making factors on where you would like to live next, you may find it beneficial to seek out communities close to areas where you can spend your downtime, such as local parks and recreation centers. Or perhaps you prefer to have easy access to bike trails, a lake for paddle boarding, ball parks, or tennis and basketball courts? Considering areas you’d enjoying being whether working or playing will help you find the right location to call home.
Create your Top 5 “Must-haves!”
There are a lot of factors to consider throughout your home-buying process, so it will help you immensely by starting with a list of the top 5 most important things for you to have in your new home.
Start by making a list of everything you’d like to see in your next home.
Make a time frame, when are you aiming to move in?
Consider where you want to be. Are you raising a family?
Is a finished basement important to you?
How many bedrooms and bathrooms?
Where do you want your life to be?
Do you work remotely?
Do you need a garage?
Do you want a pool?
What type of home do you want ?
Earth loft or condo?
Townhome or single-family?
Shade or open floorplan? etc.
If you are unsure about these things, talk to your friends and family! Oftentimes, reaching out to people you're close with will help you pare down your vision.
From the entire list you’ve created, highlight the top 5 that are most important to you. Make sure you tackle the big issues at the beginning of the process so you can eliminate the chances of last minute issues and headaches. While the process itself is exciting, choosing the right home isn’t without its challenges!
Explore your budget.
Budgeting is arguably the most important part of the process, so make sure you’ve got yours ironed out.
How much money do you really want to spend?
How old are you? Looking for your first house or your dream home?
Do you have goals you want to accomplish with your home? (starting a family or saving for a new business venture?)
Your budget is contingent on these, and more. However, this isn’t something you need to do alone. Your realtor should be by your side, helping guide your decision to be the best financial decision for you.
Final Thoughts.
Buying a home is a long process that can be both stressful and fun at the same time. You get to decide where you’ll spend the next chapter of your life, so it's important to be sure of your decision. These tips are meant to guide you; however, for advice tailored to fit your specific needs, be sure to consult a local Licensed Real Estate Salesperson.
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