First Time Home Buyers: 3 Questions To Ask Yourself
How to Purchase a Home?
If you’re planning to buy your first home soon, there are 3 major questions you should ask yourself! Take a few notes and see how quickly your answers narrow down the deluge of housing options out there.
What Do You Want In A Home?
When you picture your new home, what are some of the aspects that are essential? Take a look at this list and see which elements you can’t live without.
- Utility Room
- A Certain Number Of Bedrooms/Bathrooms
- An Office Space
- Outdoor Living Area
- Carpet Or Hardwood Floors
- Open Floor Plan
- Dining Area
How Much Can You Afford?
Your budget doesn’t have to be seen as a hindrance in your search for the perfect home. In fact, knowing how much you can realistically spend on a home can free you from worry! Be sure to factor in the interest rate, yearly property tax, and property insurance. Seek out a realtor or find a budget calculator online to make this process even easier! Mortgage rates are always in flux – they can change multiple times each day – so seek out a loan officer who can help you find the right time to take the next step.
What Will A Home Inspection Cover?
A home can look perfect on the outside and have all the features you want and still have serious (and costly) issues. A good home inspection will include a conscientious examination of the home from roof to foundation. The air conditioning system, plumbing, and electrical system should also be checked for any problems. A thorough home inspection will also take into consideration any porches, walkways, decks, or stairs. The drainage systems also need to be examined to make sure water doesn’t damage the outside walls.
After The Purchase…
Once you buy a home, you’ll have to do maintenance on certain items each year! Read the Inspect It 1st whitepaper Home Maintenance Tips For First Time Home Buyers for an easy guide to keeping your home in fine form.