Buying your first home may seem like an intimidating process. But, it does not have to be. By equipping yourself with knowledge, planning ahead, and choosing the right team to support you throughout the process, this milestone can be enjoyed from start to finish.
1. Remember to factor move-in and transition expenses into your budget.
So, you have determined what the budget for your purchase price must be. Did you also consider the cost of things like renting a moving van, freshening wall paint, updating furnishings and fixtures? If not, now is the time to do just this. Try (as best you can) to think through the entire home buying and move-in process, so that you and your budget are prepared.
2. While you focus on the now, don’t forget to keep your future in mind as well.
Is it possible that you might have a little on the way in the couple of years? Do you plan to adopt a pet soon? Will your commute pattern change at some point in the next few years? Think about what you and your family might need down-the-line and how your new home should accommodate these future needs.
Even if your home does not have your future needs at this time, consider whether it has the capacity to evolve into what you and your family might need as time goes on. To that end, consider how important this factor is in your decision.
3. Ask questions… all of them.
You are a first-timer! Don’t expect yourself to know all there is to know about purchasing a home. In fact, questions will arise even if you find yourself purchasing your second, third, or eleventh home. Asking for clarification is key, so that you are confident and informed throughout this process. Think of it this way—Once you are settled into your new address, you want to feel just as you should… that is, at home.
Buying your first home is exciting, but can no doubt feel intimidating. Our team can help you find and purchase your dream first home, so that you are equipped and, in turn, are able to enjoy this life milestone from start to finish.