Skip to main content

5 Things to Keep in Mind Buying Your First Home

When you’re ready to buy a home, it’s easy to get caught up in the beauty and excitement of the process. You may find yourself so thrilled or so stressed that you get overwhelmed and lose sight of some essential details.

It can be hard to slow down and give the purchase the attention it needs, but by realizing what you should consider before you start the process, you can keep these essential things at the front of your mind to make a smart purchase.

Know What You Can Afford

Another tip that comes before ever walking into a home is to know how much you can afford. Run the numbers and examine your budget. Get pre-approved for a mortgage before you go house hunting. This way, you stay on budget and you don’t look at dream homes you can’t realistically purchase.

If you haven’t already, you need to start saving money for the down payment. A good rule of thumb is to save 20% of the home’s total cost. Determine how many months or years it will take you to save that amount of money, and then create a plan to buy a home within that timeframe.

Choose the Right House for You

Before you ever step foot into a potential home, you need to do some homework first. Make a list of the things you want and the things you must have. When you walk into a home, if it doesn’t have all of your musts, cross it off the list. Be sure to consider the materials the home is made of and their energy efficiency, so you can keep your heating and cooling costs down.

With that said, it’s important to be realistic and work within your budget. By showing your real estate agent your list of wants and needs, they can help you determine if you’re being realistic and show you properties in your budget that meet those requirements.

Be Realistic About Projects

It may sound nice and look dreamy on TV to buy a fixer-upper and make it amazing, but is that realistic for you? Even if you don’t buy a total fixer-upper and instead buy a move-in-ready house and plan to make some renovations for personal preferences, you need to think about it.

The time, energy and money a renovation requires is often underestimated. Do you want to live in a construction site? Can you handle the stress of small renovations? Be honest, because this choice could make the difference between being happy and living in a nightmare.

Look to the Future

Unless you know that you’re just buying a starter home and will purchase a bigger house when you start a family, you need to keep your future in mind when looking at houses. If you want a family, does the home have enough bedrooms? Is it close to good schools? What amenities does it offer? What’s the crime rate?

Once you find a home you like, be sure to drive around the neighborhood in the morning, during the day and at night so you can see what it’s like all at times of the day. Talk to the neighbors and ask them what they enjoy about the neighborhood and if they have any concerns. Pay attention to the condition of other homes and businesses in the neighborhood — they can be an indication that the neighborhood is doing well or is facing a decline.

All of these things are important to consider in the present moment, as well as for the future. Look at how close the home is to your workplace, shopping centers and medical facilities. All these things should factor into your decision in choosing a neighborhood you want to live in.

Maintain Your Home

Remember that the work doesn’t stop as soon as you unpack the last box and put everything away. Now you have the challenge of maintaining your home and keeping everything in good condition. Know what to expect if you buy an older home or new construction. Factor in the landscaping and lot needs. Be realistic about what you’re capable of doing, and don’t take on something that needs more maintenance than you’re ready to provide.

These five tips will help you stay grounded when you’re looking for your first house so you don’t get caught up in the process and make a poor decision. Keep these tips at the center of your house search and you’ll be more likely to make a smart purchase and enjoy the home you choose for years to come.


Popular posts from this blog

Copycat Boston Pizza's Bandera Bread

Have you ever had a craving for something but then once you looked at it you realized, I can make that myself for next to nothing? That's how I felt last night I thought about ordering in some food but then realized I really don't want to spend any money. I really wanted pizza bread from Boston Pizza. So I recreated it and oh my goodness was it ever good. Try some of these great recipes too!  Pizza Bread Dough 1 cup warm water 1 tsp instant yeast 1 tsp sugar 2 cups flour  Seasoning 1 tbsp melted butter 1 tsp garlic powder 1 tsp onion salt 1 tsp parsley 1 tsp rosemary 1 tsp basil 1 tsp oregano 1/2 tsp sugar 1. Combine the water, yeast, and 1 tsp of sugar in the mixing bowl and let stand for 5 minutes. Add the flour and salt and mix until a ball of dough forms. Roll ball onto a floured counter top and knead for a couple minutes.  2. Put dough in an oiled bowl and let rise for 30 mins in a warm place with a clean cloth draped over top. While your doug

Affordable Ways To Make Your Home Look Luxurious

How do they do it? Professional designers seem to pull it off so effortlessly, but how will you make your home look more luxurious? You could just employ a professional or you can personally undertake the task of transforming your home into a place of luxury on a budget. In order to save money on your purchases, be creative and vigilant in your pursuit for the perfect style. Follow our budget-friendly ways for making your home a vision of luxury. Think it through, choose a style Luxury look isn’t enough to go on, so before you start shopping and wasting your money on furniture and decorations you might not even use in the end, first do some research. Go online and do some window shopping and find which style is more to your liking . An elegant Victorian style or something more modern and chic? Don’t get me wrong, you may want to mix and match, but before you commit by buying anything, consider what look you are going for. White is the color of elegance Choosing white as yo

DIY Table Revamp - Guest Post

Hi all! I'm Tiffany from This Motherhood is Brought to You by Xanax and I am so excited to be a part of the Guest Post Swap and to be Amanda's swap partner! I love love love her idea on how to make indoor snowballs with egg cartons. I am definitely going to have to try that with my kiddos since my smallest one has decided that it has to snow for Christmas. Poor baby doesn't know snow is hard to come by in Alabama :( For my guest post I wanted to share a little DIY with you guys that involves duct tape! A few months ago my daughter's little chair that goes with her table she sits at every day tore and she made it worse by pulling all of the stuffing out of the seat! What started out as a quick fix turned into a great idea. She loved her seat so much that she has now decided that her table has look cool too so being the smarty pants that she is, she tore her table!