You’re at the point in your life where you’re seriously considering purchasing your first home. You’re sick of paying high rental costs when you know that you’ll never own that property and it simply makes sense to start investing in your own future.
Buying a home is an exciting adventure, and whether this is your first home or your second, it’s important that you take your time when evaluating potential properties so that you end up with a property that truly reflects your style, your preferences, your lifestyle and of course, the size of your family.
Driving by a property isn’t enough, and even if you love the layout, structure and design of a home, there are outside factors that should influence your decision to buy.
Some of these things may include:
- Choosing a neighborhood reflective of your own lifestyle.
- Considering the layout of a home (open concept, 3 story, etc)
- Considering the size of the property and whether there is room to expand.
- Choosing a property with adequate privacy.
- Choosing a property with a backyard, trees or fencing.
- Choosing a property that offers features most important to you.
- Whether the property needs improvements (and costs associated)
- Evaluating the different real estate companies available to you.
- Understanding zoning regulations, the housing market, additional costs.
There are other factors to consider outside of the property itself as well, so that you can purchase a home with limited risks involved, including:
- Hiring a home inspection company.
- Financing opportunities, mortgages, and loans.
- How to put in your first offer.
- Setting a closing date that works for you and the seller.
- Understanding contracts, hiring a real estate attorney.
- Moving expenses, hiring a moving company
Closing the deal and moving in!