6 Tips for Finding Your Dream Home
Ready to move out of your too-small apartment? Or maybe you have a baby on the way and you’re looking to move to a nice suburban neighborhood? Whatever your reasons for considering fresh real estate, you’re probably already aware of the difficulties involved in finding and purchasing a new home. The good news is that these six tips can help streamline the process.
1: Understand The Market
As soon as you know you’ll be buying a house, start following real estate companies, subscribing to their newsletters and keeping an eye on industry blogs. For example, you might become a regular on Yahoo! Homes or the websites of real estate experts like Dean Graziosi. The goal is to know exactly what you’re getting into when it’s time to go browsing.
2: Think Long-Term
The difference between buying your dream home and just a starter home is that the former might become a place you live for the rest of your life. Once you find the perfect property, why move ever again? Make sure you consider all real estate opportunities with a mind towards building a family, starting your own home-based business, et cetera. You want a living space that can grow with your ambitions.
3: Consider The Neighborhood
Will your children be able to play here? Is the cul-de-sac going to cause noise problems? What about crime? Most major cities have street-by-street crime maps, so do a little digging to find out if any violence has been committed in the neighborhood. They should also have economic stats and indexes so you can double check that you aren’t buying into a dying community.
4: Watch The Prices
Conventional wisdom says you should determine your prince range and stick to it, but when it comes to real estate, many budgets go right out the window when someone sees a house they really like. So instead of forcing yourself into a guilt-pleasure cycle that does no one any favors, simply keep an eye on the prices and calculate things like rent, deposits and down payments as you go.
5: Anticipate Renovations
Even perfect homes can become boring after a few decades, so leave yourself room to remodel if you ever feel the urge. If your yard is too small to allow extensions or your copper pipes will present a problem for new plumbing, you’ll regret not thinking about these things when you first signed on the dotted line. Consider, too, alterations based on potential or expected lifestyle changes. For example, don’t buy a colonial home with complicated electrical wiring if you plan on going solar within the next few years.
6: Make A Schedule
You’ll save yourself a lot of headaches if you draft a working timeline for your big move. For example, if you get your home loan in the beginning of the year, you might set yourself a goal of finding someplace by summer. That allows you to move in the fall and be cozy and settled by Christmas.
There are endless factors to consider when buying a new home, but these are some of the most important. Whether you’re a first-time buyer or an experienced traveler just looking for somewhere to hang his hat, keep these tips in mind to find yourself the house of your dreams.