During the home buying process, once you have all your financial papers in order, you've been pre-approved for a mortgage and know how much you want to spend, then the fun can really begin! Searching for your new home! Maybe you already know exactly what your dream home will look like...or perhaps you are open to anything. This is the time to start thinking about what is important to you in a home. Knowing what you want and the things you need in a home will make the search easier for you and for your realtor to narrow down the properties you look at. If you know you won't compromise on having at least three bedrooms then there is no reason to waste your time looking at any two bedroom homes. Filling out a worksheet like the one below can help prioritize what is important to you. Then you can take it along with you when you view homes to keep organized.
Other things to consider when home shopping...
Buy with selling in mind
While it is important to stay in your home for several years in order to maximize your investment advantages and build equity, you also want to consider the idea that first homes are often used as launch pads for future real estate purchases. Be sure to consider the resale value of the home you are interested in.
Know your abilities
Thanks to HGTV, many of us think that remodels are something we can more or less tackle on our own. Before you jump into a dilapidated “charmer” renovation, be honest about your abilities, experience, and level of commitment when it comes to the brass tacks of renovation work.
Ask Questions & Bring a Measuring Tape
Be sure to ask your agent what appliances & fixtures are included in the sale of a home. Finding out that you have to buy a new stove, fridge, washer & dryer could very well affect your decision. You will also want to measure important spaces such as the bedrooms & living room to make sure that you don’t have to purchase all new furniture after trying to squeeze a sectional couch through a sliding door.
Good questions to ask...
Looking at homes can be overwhelming, but this is the part that is supposed to be fun! Knowing what you are looking for can ease this process. However, also remember to stay open to possibilities, looking at homes that aren't exactly what you had in mind. You just never know when or where your dream home will find you.
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