Ready to start searching listings and hitting open houses? Before you visit another open house, sit down and make a list of your needs and wants — and yes, those are two different things. You may want a pool, but you probably could live without it. (Plus, it’s worth considering that having a pool could raise your home insurance costs.)
Learn what you can afford.
Determining your budget and how much financial wiggle room you have can help put your must-haves on your house hunting checklist more clearly into view. How much do you have saved for a down payment? What about hidden costs like future repairs? Are you willing to do extra renovations or do you want a turnkey property? Begin with talking to a lender to really determine the dollar amount you can afford. Check out this blog post here for more insight on why you should talk with your bank before looking at homes. We work with many reputable lenders and can help provide you with a few to check out!
Consider your current lifestyle, but don’t forget to plan for the future.
Begin by considering where you live now.
Answer the following questions to help guide you through the process of determining must haves in a home:
What are your favorite things about your home, and what do you need to change?
Do you need space for a future nursery or a home office?
Is wheelchair access or limited stairs important to you?
Do you need a space for a car or is street parking sufficient?
Is walkability important to you?
Choosing a location.
You can change your paint colors to refresh the feel of your home, or add an extension to increase your square footage, but you can’t alter where your home is located. Whether you’re house hunting in person or browsing listings online it’s easy to get caught up in a home’s features, but you should also consider your surroundings.
Do you want easy access to highways or public transportation? Can you sleep easily with traffic noise? Do the property taxes and/or HOA fees fit your budget? Also, make sure to consider schools in the surrounding area if you have children or hope to have children in the future.
If you have any questions, we’re happy to help! You can reach any member of our team at 574-360-2569 or email at email@example.com and we will get right back to you.