How to Buy a Home
What you need to know to be a successful Home Buyer
We know the best advice always comes from your family and friends, and buying a home is no different. Take all the advice you can get, and make the decision to buy when it’s right for you.
It’s very common to have questions when it comes to buying a home. We are happy to help you answer these questions and help you make a confident choice about your home buying decision.
Step 1: Consult a Financial Adviser
When shopping for a new house, it’s easy to get lost in the moment and out-of-touch with your financial reality. An informed, unbiased opinion of where you stand is a great place to start. A financial adviser can help you assess your financial situation and develop a realistic budget.
Step 2: Consider All Hidden Costs
It’s easy to get caught up in the moment and forget all the hidden costs associated with homeownership. You’ll likely need to purchase a lawnmower, washer, dryer, refrigerator, stove and furniture to outfit your new space. These items can sometimes be negotiated with the seller, but chances are, you’ll be making frequent purchases for some time.
Step 3: Assess Your Bills
As a homeowner, you will be responsible for everything – gas, electric, water, phone, cable, garbage and sewer. While these may not be large sums, when you combine them all, they can make a significant dent in your monthly budget.
Step 4: Avoid Home Improvement Projects
Many new homeowners want to dive in and start making cosmetic changes and renovations that aren’t truly necessary. Put off home improvement projects for at least six months, so you can get a better grasp on your budget. You can cut back on trips to restaurants and movies and save up for your remodeling plans. Use the time to visit the hardware store and start pricing your purchases.
