In a recent blog post, we provided a few tips on what to consider when you're buying a home. Here are a few more to help you on your homebuying journey!
1. Determine whether the home will meet your current and future needs
Are you planning to have children in the foreseeable future? What about adding a furry member to your family? What is the work commute like from the house? These are the types of questions you should ask yourself to ensure there will be enough living spaces, bedrooms, and storage areas, and that the location will not pose any issues. There is nothing worse than moving into a house that is too small or has a dreadful commute.
Related Reading: Buying a Home in the Right School District.
2. Consider maintenance costs
Think about the cost of maintenance and the amount of effort it will take to keep the property in top condition—both indoors and outdoors. Unlike living in an apartment and having on-call maintenance staff available, when you own a home, the responsibility to repair broken household appliances, handle plumbing issues, or upkeep the yard will now fall squarely on your shoulders. You should also consider if the neighborhood has a Homeowner's Association (HOA), what their annual dues will cost you, and the maintenance and upkeep requirements.
3. Consider the location of the home
The location of a home and whether it’s ideal for your lifestyle is a very important factor in the homebuying process. Is the home near parks, shopping, transportation, or other places that interest you? For many homebuyers, the location of a home can make or break the sale. It is always a good idea to factor in the length of a drive and average fuel costs, as those factors may have an impact on your ultimate decision.
4. Ask questions
Your REALTOR® and loan officer are there to help you with the homebuying process, so take advantage of their knowledge, experience, and expertise. No matter how simple or complex your questions, it’s important to get the answers you need in order to make an informed decision. Make a list of questions prior to meeting with your real estate agent and loan officer so that you won't forget to address the important points when you are together.
The homebuying process may seem overwhelming at first, but if you keep these helpful tips in mind, you will be able to find the home that is the best for you and your family.
Always consult a REALTOR® for real estate related question.