Are you in the market for a home? If it’s your first time purchasing a home, you may wnder what to expect during the buying process. Even if you’ve purchased a home before, the process has many variables and may not be the same every time. This week we will show you the steps to take when buying a home.
The first thing you should do is your homework. When you know what you want you will have an easier time finding it. For example, where do you want to live, what do you want in a home and what are your deal breakers.
When deciding where to live, drive around the neighborhoods and write down what inspires you about the homes that catch your attention. Next, list features of your ideal home, including the number of bedrooms, bathrooms, kitchen size and style. Then what are your deal breakers, meaning what features or characteristics do you want to avoid or would make you pass on a particular home. Another deal breaker may be the yard size, commute and proximity to schools as well as other amenities like restaurants for example.
Buying a home is a process of elimination, not a process of selection. You may have to prioritize the items on your list to find the right home for your needs. Consider how much you’d be willing to give up for each item on your list. Would you consider a home that has a smaller yard than you want if it’s closer to work and great schools? You may not find a home that is one hundred percent to your liking, so decide which features you are willing to negotiate on.
Another part of the buying process the decision of buying a new home versus a previously-owned home. The benefits of purchasing a new home vary. Since a new home is most likely to have everything in it that is brand new, you will avoid having to renovate or make repairs and it will be years before you have to update or repair major features or systems. In most cases you also will have the opportunity to customize the home and ensure it will have the style and features that you want. One thing you can definitely count on in a new home is the energy efficient features. Many homes include these features and appliances as part of the overall design. Also a new home in a new community can also provide new homeowners with amenities such as playgrounds, pools, clubhouses and walking trails.
Purchasing a previously-owned home also has it’s advantages. With these homes, you can usually get a better deal, meaning you may be able to get a better deal with the seller versus a developer, especially if they have to move within a set time frame. When you negotiate, with the seller, you may get a better overall value meaning the seller may agree to include a home warranty, appliances and other items with the deal. Finally, older homes have charm and character with unique architecture and features, as well as a certain”lived-in” charm.
So when starting the process of buying a new home there are a few things to consider, but whatever you decide, be sure to do your homework and reach out to me and I will be happy to help you! Call me today at (801) 628-1116 or email me at firstname.lastname@example.org.