So you’re on your way to owning your first home? Congratulations! Here are some hints and tricks for making your hard-earned milestone the best, with no added stress.
- Be picky—but not unrealistic!
Choosing a home is an important decision, but no house is perfect. You can keep some things in mind to touch up later, but try not to stress too much about the little things that will have no effect on your day-to-day comfort.
- That said, be careful about the things that do matter.
Make sure to insist on a home inspection, and get a warranty from the seller to cover defects for up to a year. Do your homework; read up on homes, and decide what qualities are most important to you. Even if they’re small factors, you might regret not springing for them in the long run.
- Get your finances in order.
Make sure your finances are ready. How does your credit report check out? Can you afford to cover your down payment and closing costs? All good questions to ask yourself before you make a move that might hinder you later on.
- Think long–term.
What exactly are you looking for? Would you like to start small and move up to a bigger house once you can manage it, or are you looking for a forever home right now? Don’t blow all of your funds at once and make yourself house poor, and conversely, don’t waste your money on something you don’t plan on staying with if you can already afford what you truly desire.
- Don’t ask too many people for their opinions.
Circumstances change, and perceptions may differ based on past experiences. What worked for someone else might not necessarily work for you, and vice-versa. Consult only professionals or one or two trusted, close friends who know exactly what you’re looking for, what you need, and how to get it.
- Realtors vs. listing agents?
Using a realtor as a buying agent, as opposed to finding a listing agent, has a solid benefit. While a listing agent’s priority is helping the seller, a buying agent has your best interests in mind. They are generally more trustworthy and reliable for prospective buyers, and will help you in your first house purchase as much as you need it.
Hopefully our tips will help you out on your journey to buying a home for your very first time. We wish you the best of luck, and happy home-hunting!