Everyone’s idea of a dream home is different. You may be influenced by the home of your parents. Perhaps this is your idea of a very comfortable and cozy home. Maybe you enjoy shopping for homes during the Parade of Homes in February and in September. The builders’ model homes represent new trends and the most modern of building ideas. Perhaps you are more practical and have created a list of needs you have…a yard for the kids and dog, an office for your home-based business, a large family room for your fantasy football club, a large kitchen for your gourmet cooking.
When you begin to think about buying a home, three things are important to guide your shopping. First, find out what you can afford. Meet with a reputable mortgage broker and get preapproved for your mortgage. The mortgage consultant will tell you what the bank thinks you can afford. If it’s too much house payment for you, you can scale it back. This monthly payment will then be translated into an approximate house price which will help focus your shopping.
Second, decide where you want to live. Most Home Buyers consider several things when thinking about cities that fit their needs. They consider drive time to work, drive time to family and friends, school district quality, and shopping and recreational opportunities in the area.
Third, create a list of the things you require in your first home. Certainly, everyone wants an attractive home but with so many options available, finding an attractive home is not a problem. Finding a home that fits your unique life style is more of a challenge. If you keep these three things in mind, you should be able to find a home that meets your needs and your budget.
For more detailed information, come to our FREE NO OBLIGATION FIRST TIME HOMEBUYER class or wait for future blogs. “Simple answers to home ownership questions”.