14 Jun Tips for First Time Homebuyers
The thought of buying your first home might be a bit overwhelming. But this process doesn’t have to be stressful! It can be every bit as fun and exciting as you hope it will be. However, there are some key things to keep in mind when going through the home-buying journey. Opportunities for mistakes will be prevalent, but you can protect your transactions from potential issues by educating yourself and learning from the experiences of others. We’ve compiled some tips to help you buy the house you’ve always wanted with as little anxiety as possible.
Don’t Forget the Neighborhood
The best house in the world won’t make you content if it’s not in the right location. Always research the neighborhood when looking at a home to be sure it offers all the amenities you desire. Do you require public transportation? Would you like to shop and dine close to home? Is there a gym or park nearby? Keeping your lifestyle in mind, assess the area honestly to make sure you would be happy living there.
How Does This Home Fit Into Your Goals?
Don’t buy a house just to own one! This mentality can cause you to land in a regretful situation. Make sure the home you choose suits your long and short-term goals. Think about your life plans. Will you need to stay in the house for only a couple of years, or are you looking to raise a family there? Are you moving to be closer to relatives or to a job? No two houses are created equal, and by sitting down and truly analyzing your goals you will be able to purchase a house that will help you accomplish them.
Buying a Home is More than Just a Mortgage Payment
Many people assume that as long as they can afford a mortgage payment, they can afford a house. Right? Wrong. Very, very wrong.
Home ownership is more than just a mortgage payment. There are a huge number of expenses that first-time buyers may not take into consideration. Things like homeowners insurance, property taxes, utilities, maintenance, and repairs are all vying for your wallet. Be sure to include these factors when calculating how much house you can comfortably afford. (link here to How Much House Can I Afford blog post)
Get Started Today
At Sunrise, we have an elite group of preferred lenders to help you finance your new home. Our lenders are committed to helping you own the perfect home for your family and your budget, and they make the process of securing a mortgage simple. We also offer a wide range of homes to suit most budgets and lifestyles. Contact us today to get started.