Are You Buying a Home for the First Time?
Here are 6 Tips to Make It Easy:
Being a first-time homeowner can be very exciting and also a bit overwhelming. You may get unsolicited advice from family and friends. While some advice is useful, other tips may be completely unrelated to your situation. Here are six tried and true tips that you should follow when setting out to purchase your first home.
It's always a good idea to create a checklist of items that are non-negotiable. No home will have exactly what you want, however, if you lead with your non-negotiables you will be a step closer to finding the perfect home.
You will be looking at a large variety of homes and it could get overwhelming and confusing. It also can be difficult when the decor and furniture is not to your liking. However, it is best to try and overlook things such as paint color, undesirable flooring or decor. You must focus on the layout instead. Are the rooms in desirable locations? Picture yourself doing daily activities and moving throughout the home to determine if it's right for you.
Additional monthly payments
Keep in mind that the mortgage payment isn't the only monthly bill you will need to pay when owning a home. Bills such as electric, heating and other maintenance can add money to your monthly budget. You can always ask for copies of monthly service bills to get a good idea of how much you will be spending.
Even though you are purchasing a new home you also should consider a resale. Every home has the possibility of being resold and you don't want to get stuck where your resale value could be lowered.
Many first-time homebuyers' have their mindset on a specific location. However, that area may exceed your budget. If you expand your search sometimes even just a few miles outside of your target area home, prices may be more affordable.
There is no perfect home
Unless you are willing to have a custom home built that can meet every need and desire, then you will likely not find the perfect home. Use your checklist and focus on the layout of the home. Stick to the items that you want the most and look for a home that has most of these options. You will likely have to make a few concessions. However, with a little open-mindedness, you will get into a great home.
It can be frustrating as well as exciting as being a first time home buyer. Keeping an open mind and focusing on the layout will help you get into a home that is perfect for you and your family. For all of your real estate needs, contact the experts at Tampa Bay Realty and Investment Group.