In the past, we have given some points and things to look at when it comes to purchasing a house. But since the market is so hot right now we want to make sure you are reminded of a few factors to be sure you look at when it comes to purchasing a new home. Everyone has their own personal ideas and criteria when it comes to what they are looking for in a new home. You may be so hyper-focused on one criteria that you forget about something else that may be important.
To begin with, while this may seem very elementary and obvious, do not forget how important it is to have your budget planned when looking at new homes to purchase! It is very important you know what price range you are able to look at. It would be quite devastating if you find the home of your dreams only to realize it is too expensive for you. So it is important to get pre-qualified for a mortgage before you start house hunting! Since the current housing market is so competitive, you may want to include some “wiggle room” when it comes to the final price tag. It may be wise for you to be prepared to negotiate and pay more than asked if it goes into a price war with someone else.
First off, this may seem obvious as well, but make sure you take into consideration the location of the homes you are looking at. Take into consideration all of the facets of the location. For example, how long will your work commute be at this house? What do the neighbors seem like? Will it take you a long time to go to the grocery store? If you have a newborn baby, are the streets nearby full of traffic and full of noise? If this is your first home you are purchasing, you may not think of how important it is to look at everything pertaining to the location of the home…but it is so important!
Next week we will continue with our list and give you other ideas as it pertains to decision making when purchasing a new home. Is there anything else you think needs to be added to the list?