For just about anyone, buying a home is a huge deal. After all, home ownership is a serious undertaking. It allows you to put a permanent roof over your family’s heads and, at the same time, to make an investment which could be worth a lot more in the future.
Buying Homes Is A Growing Trend Across America
Buying homes is actually a growing trend at the moment. In fact, in 2015 alone, more than 5.2 million existing homes were successfully sold throughout the U.S. There are many reasons why people want to go ahead and buy a new home. For some, it’s the chance to upgrade their lifestyle to a higher level, to be able to move out of their rental space and finally move into something they actually own.
For others, moving into a new home simplifies their lives especially if they have an existing health condition. For instance, someone who has problems walking around too much may prefer to sell their two story property and get a bungalow instead. On the other hand, some people believe it’s time to get a new home because their family is growing and they could use a lot more space.
Whatever the reasons for being in the real estate market, buying a new home can be quite stressful especially when you don’t have a game plan. To help you with that, here are some steps you can follow on how to assess homes for sale in order to find a perfect piece of real estate.
Decide On The Area First
The first thing you should decide on is the type of residential area you want. Do you want to be closer to malls, hospitals, supermarkets, and other shops? Better yet, do you want to live close to where your office is located for easier commute everyday? These are important factors which you need to consider at the very beginning so you can narrow down the areas to visit while house hunting.
If you happen to have school age kids, you may want to choose a home near some of the best schools in the area. That way, your child will have an easy access to high quality education right away saving you the trouble of switching schools later on. Not to mention, there’s a chance that other school-age kids will be living in the same neighborhood, so your children can find friends nearby.
Compute What You Can Afford
When buying a home, you want to make sure to keep your monthly expenses as manageable as possible. As a general guide, financial experts say that your monthly mortgage payment plus your real estate taxes, principal, interest and homeowners insurance should never exceed 28 percent of your gross monthly income. This way, you can be certain you can easily afford to pay for your new home along with other expenses.
Put Together A Dream House List
Take some time to really think about everything you want your new home to have. How many bedrooms do you need? How many bathrooms would be best? Do you want a big kitchen? Would you like a large living room? Do you want a front porch? Do you want a two-car garage? You need to jot down all of the features which you prefer so you can further narrow down the list of homes you are planning to look at.
Get An Inspection Done
The moment you have narrowed down your choices, it’s time to get a home inspector and conduct a full inspection of the house. These professionals check a property’s foundation, plumbing, walls, roof, energy efficiency and more. That way, you can be sure the home you are interested in would not need any immediate repairs which can pile up in a hurry. An exclusive buyer’s agent can help you find some of the best local home inspectors.
Follow these steps to make searching for a perfect home for you and your family a lot easier. Remember to take your time and look closely at all the homes you are considering before making a final decision. It will help to tell your exclusive buyer agent about your preferences and budget so they only show you homes which fit your needs. Communicating openly with an agent who works only for you makes the home buying process much easier leaving you excited about becoming a homeowner.
Call Buyer’s Corner Realty for more information on any of these tips and to discuss our exclusive buyer agent services. Call us today at 937-433-6838.