The home buying process can be one of the most exciting times in your life. That being said it can also be an overwhelming, stress filled period if you let it. Regardless if you are looking for your first home or are an experienced homebuyer there are a few steps you should follow to ensure you are getting a home that you will be excited about for many years to come. The home buying process can be fun if you focus on the right things.
1. What is most important? Different buyers are attracted to different things. Before you look at any property you need to evaluate what is most important to you. This could be anything from size, price, amenities to location. Your dream house will offer a combination of a few of these attributes but in most cases you may need to prioritize one of two of them. Start your search by the single most important criteria and work from there. If you don’t you will get pulled all over the place and waste time and effort on properties you aren’t fully committed to.
2. Know your strengths. If you aren’t the handy type before you make an offer you probably won’t be after you move in. If you think you will turn your rehab property into the home of your dreams you probably aren’t being as realistic as you should be. There are certainly some great deals with rehab properties but if you have to pay to get the work done this may not be the best deal for you. Many homebuyers have grand visions of the work they will do after they move in but years later are still stuck with the same list from years ago. If you aren’t handy you should look for properties that are more move in ready. Before you make an offer you need to know what, if any, work you can and cannot do.
3.You’re the owner now. If you come from a rental one of the biggest changes is that you will be the one doing all the work. A great, big yard may be nice but unless you have the time, desire or means to take care of it this may not be best for you. Think about the upkeep and what it will cost you. A big house is great for hosting but you also need to furnish these rooms and pay for the mortgage. A great house is only great if you are comfortable in it.
4. Will you still love in five or ten years from now? Think about where you were five years ago and where you want to be five years from now. For most people there have been some significant changes in that time or planned for the future. You need to consider this when you make an offer. Most people really don’t like moving and want to buy a house they can live in for as long as possible. If you plan on having kids or if your kids plan on going off to college this should change the number of bedrooms you are looking at. Always look at what you are buying today but consider where you may be personally a few years down the road.
There is a lot that goes into buying a house but if you focus on these items you will make an offer that you are happy with not only today but for many years.