Deciding to buy your forever home is a life-changing moment. There’s a lot of planning that goes into the matter, and it isn’t something that happens overnight. Purchasing your dream home takes time, effort, and usually costs a lot too.
Let’s explore some of the things you should consider when you decide to take this significant step in your life.
Make a List of What You Want
Before you embark on engaging with a real estate agent, make a list of everything that you are looking for in a home. It’s a good idea to make another list of what you won’t accept. That way, you can rule out visiting houses that don’t suit your needs.
Be specific when you’re writing things down. If having a large garden is a prerequisite, move that to the top of your list and make a note of how big you want the garden to be. It’s essential also to be specific about which area’s appeal to you and which don’t.
If you have young children in school and are planning to move them, check out schools in the zone before deciding on a particular area. Children are resilient and adapt to change quickly, but make sure that you’re happy with all the amenities a city has to offer first.
Enlist the Help of an Agent
Take time to find a reputable agent that has experience in your area. You don’t want to be rushed into making any hasty decisions either. Instead, take your time and let the realtor gather all of the information about you and your family’s needs.
An excellent realtor will take you to homes that fit your criteria and won’t be afraid to be honest with you. The focus should be on helping you to find your dream home, not on how much commission they can make if the sale goes through.
The Financial Side
It’s pointless looking at unaffordable houses. Before you start, make a list of your expenses and decide how much you can spend on mortgage repayments each month. Make sure to factor in initial costs that are payable when you make the purchase.
Diamond & Diamond Real Estate recommends using a special calculator that can help you to understand the closing costs payable.
If you can, try to put money aside each money in an emergency fund. Owning a house can be costly at times. While many big-ticket items are covered under insurance plans, unforeseen expenses have a way of popping up when you least expect them.
Finding a home that feels right is a magical experience. Remember to take your time with this decision; it’s one of the most important choices you’ll make in your lifetime.
Take the time to tick every box on your want list, get the help you need from a professional, and make sure you stick to your budget.