Searching for your dream home is one of the most exciting times of your life. You have done what it takes to get preapproved and are ready to start your search. Like any other purchase you are excited to make it can be easy to get pulled in several different directions. If you are not careful you will end up looking at properties that you don’t really like. The best way to avoid this is to narrow your search before you start looking. Write down what you really want out of the purchase and some things you will avoid. The more focused you are the easier it is for your real estate agent to show you properties you really like. Here are a few tips to make your home buying search that much easier.
Know what you can afford. Everything starts with price. The reason why the preapproval process is done first is so that you know the price range of properties to look at. As important as your financing number is you also need to look at your real world budget. What you are approved for and what you can really afford may not be the same number. Before you look at your first home you should have a firm figure in mind as to what you want your payment to be every month. Let this number be your guide.
Location. There are several factors in determining a location. Obviously the physical area is an important part of home buying. However there are other items that need to be considered. Property taxes, schools, proximity to work, accessibility to highways and other amenities all play a part. You need to figure out which of these items are the most important to you.
Property features. Do you need a certain number of bedrooms? Are you looking to purchase a bigger house than you have now? Do you want a master bathroom attached to the bedroom? Almost anything in a house can be altered or changed to your liking. However these will come at a cost. If you do not have the funds, or the desire, to put any work in you need to be comfortable with the layout and features the property offers. A great house that is a bedroom short does not fit with what you really want.
Specifics. What is really important to you in your property? Does it have to have a fireplace, deck or pool? No two properties are exactly the same. It is difficult at times to find a property that checks off all the boxes you are looking for. Make a list of what is the most important to you. Is there something that you can’t live without? Is there a feature that you would like to have but isn’t a deal breaker? These touches are often what make a good property a dream home. Your real estate agent can find them for you if you know exactly what you want.
Having a clear picture of what you are looking for will make the home buying process as smooth as possible. Before you begin your search take some time to think about what you are really looking for.