Today let’s look at what is important to you as a home buyer.
Next, it’s important to consider your priorities. If you can’t get a home at your price with all the features you want, then what features are most important? For instance, would you trade fewer bedrooms for a larger kitchen? A longer commute for a bigger lot and lower cost?
Lastly, consider your needs in several years. If you’ll need a larger home, maybe now is the time to buy a bigger house rather than moving or expanding in the future. If you expect your income to increase, perhaps you should consider a more expensive home financed with a loan program where monthly payments increase in the future.
Where should you look?
All neighborhoods and communities have a special nature that gives them identity and value. One community may be well known for historic homes while another offers both suburban living as well as easy access to downtown office areas.
Regardless of your choice, it’s important to target your search. By using basic measures such as general location and affordability, you can refine your search and focus on homes that offer the most desirable features. As a guide, you should maintain a file with information on each of the homes you like. You can print out listing pages from internet sites and then make notes for each one — what you like, questions, REALTOR® contact data, etc.
Once you’ve settled on a couple of neighborhoods for your search, it’s time to pick out a few homes to view. Your wish list can remind you which features are absolute requirements and which amenities you’d like to have if possible. When narrowing down your home search, consider the type of home you want.
Check back tomorrow for our continued home buying blog!