If you are ready to purchase your first home, you have a lot to learn! Homeownership can be a wonderful thing when you buy the right property and understand what you are signing up for. Here are four things to remember when you are shopping for your very first home:
Before you start the home search, you should sit down with a loan officer who can walk you through the financial aspect of homeownership. A simple mortgage calculator might not prepare you for all the fees associated with owning a home. Things like taxes, private mortgage insurance, and HOA fees can drastically alter your budget. Getting approved for a mortgage is a great place to start. This can help you ensure you are only looking at properties that fit your budget. Use a financial professional to help you figure out that target range.
If you have children or plan to have kids, you're going to want to pay attention to school district boundaries in your area. School districts can hurt home values or increase them significantly depending on their ranking in communities. Even if you don't plan to have kids, if it has the potential to affect your property values, so it's something you want to consider. Homes in good school districts will almost always retain value better and have less crime.
Looking at homes with large yards and intricate landscaping might be tempting, but you need to be sure you're ready to handle it! If you don't like the idea of spending your free time maintaining a large yard, you might want to avoid homes like that. If you want to become a master gardener, you should make sure you have the budget to spend on all the necessary tools and equipment you will need.
Living in a neighborhood with an HOA can be a great way to help preserve your property values. Some HOA communities have wonderful amenities like parks, walking paths, and pools that your family can enjoy. Make sure you understand the monthly fees and what those fees pay for!
You're probably not going to get everything on your wish list for your first home. Rank the items on your list in an order that makes sense for your living situation and your budget to keep things realistic. Do your research and use these tips before you begin your search so you feel informed and good about whatever home you end up purchasing!
For more information about single-family homes for sale, contact a local real estate office.
Once you sign the sale contract with your listing agent, there's a good chance that things will start moving quickly. Your agent will want you to stage your home for the listing photos, open houses, and showings. If you've never experienced the staging process, you may not know exactly what to do or where to start. The information on this site will help you to not only understand what's expected of staging but also offer tips for you to maximize your efforts without investing a lot of time. I hope the information here makes your home sale process a little bit less confusing and a little easier to manage.