Published on April 21st, 2017 | by Balanced Family0
7 Tips for Buying a New Home without Losing Your Mind
Buying a new home can be a harrowing and stressful experience but there are things that you can do to make it easier. From knowing where to look for new homes for sale to having an idea of what neighborhoods are like and what amenities you will need can make the process go a lot smoother. Here are some other tips to make your home buying experience less painful.
- Start with your budget. Run your credit report. Take time and go through how much money you have coming and what your expenses are. You need to be able to find a home that you can afford and that starts by looking at how much you can realistically spend every month. Whether or not you go with a real estate agent, the amount you can spend can determine what homes for sale you should look at and what you do not need to spend time on.
- Do not make any big purchases right before you buy a home. When banks look at your credit to determine what kind of mortgage you will qualify for, they also look into how much debt you have and how much credit you have available. This means, that it makes it better for you if you do not go out and buy something like a new car right before you go to qualify for a mortgage.
- Spend time in the neighborhood. A neighborhood that looks great on Tuesday at noon can look super sketchy on Saturday night after dark. After you have done your research on the neighborhoods and picked out a few to check out, take some time to go over and see what they are like at different times of the day and different days of the week. Take a drive from work to the neighborhoods, as well. If you commute via public transportation, see what that is like before you buy. These are all things you need to do when you are looking at homes for sale.
- Try to get a pre-approved mortgage. Talk to the bank where you are already a customer. If they say no, talk to your local credit unions. They are often much more likely to say “yes” even when bigger banks have said ‘no.” There are a few reasons for this. In the first place, it saves you from looking at homes for sale that are out of your price range. It can also let you look around and get the best deal on your new home loan.
- Bring a surveyor in. There are several reasons to do this. In the first place, your tax load will be based, at least in part, on the amount of property that you have. That means that you are going to want to have the most accurate map drawn of your property. In the second place, it prevents future fights with your neighbors about where your property starts and theirs ends.
- Have the house you want to buy inspected. This is really important. You may love the way a house looks. Truth be told, when people go to sell their home, real estate experts recommend making the repairs and renovations that make it look better. That means, they are going to repaint the home before they redo the plumbing. You need to know that the plumbing is good and that there are not serious structural problems with the house. Having a professional come in and take a look is critically important to the process.
- Do not go on size alone. When people are looking at homes for sale, many think that the biggest house is the way they should go. This is not always the case. If you have the largest home in the area, you may have a harder time when or if you want to sell it. Find a home that you like and can see yourself living in. Do not automatically go got the biggest house you can find in your area.
There are a lot of parts of buying a home that are tedious and border on painful. Looking at homes for sale should not be one of them.