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Finding the Right House for You

House hunting can be exciting and overwhelming at the same time. It can be so easy to lose sight of your budget when looking at all of the possibilities available to you. How can you stay within your means and still purchase a home that is perfect for you? Focus on creating your personalized new home checklist.

What Are Must-Haves?

Everyone has at least one feature that is their make-or-break item. Determine what this is for you. For some it is an eat-in kitchen, for others it may be a two car garage. Limit this to no more than three items that are deal-breakers.

What Are Nice-To-Haves?

Features that would be nice-to-have may include granite countertops or hardwood floors. This list tends to grow as you look at more homes, and the temptation to splurge can become appealing. Separating these nice features from your must-haves is crucial to not overspending.

What Is the Budget?

Be sure that you have considered your complete financial picture before you determine your price point. Once you have a number that is comfortable, do not compromise.

Which House Is “The One”?

With this checklist in hand, finding your perfect fit will be much easier. Choose the house that is within your budget and has all of your must-haves. By focusing on these two lists, and not allowing your nice-to-have list to drive your decision, you will make a great choice.

The Critical Tips All First-Time Home Buyers Should Keep in Mind

For many first-time homebuyers, the home purchasing process can seem long and complex. If you’re hoping to buy your first home soon, there are a few critical keeps you should keep in mind as you start your home search.

Calculate Your Home-Buying Budget Carefully and Account for Multiple Expenses

The first step in your homebuying process should be setting a detailed budget and planning for upcoming expenses. Purchasing a home may involve more costs than you think, so knowing what to expect can help you start saving. Be sure to put away enough money to cover:

  • The down payment
  • The closing costs
  • Private mortgage insurance
  • Homeowners’ insurance costs
  • Homeowner association fees
  • Moving expenses

Shop All Your Options With the Help of a Realtor

Rather than making an offer on the first home you visit, take some time to shop all your options with the assistance of a qualified realtor. You may want to:

  • Find a buyer’s agent who knows the area and can recommend neighborhoods and homes to you
  • Explore multiple options, including existing homes, land to build your own home on and fixer-uppers
  • Avoid rushing into making offers until you feel comfortable with the process

Before rushing into a home purchase, all first-time homebuyers should make sure they understand a few key aspects of the process. This simple guide can help you prepare for your first home purchase.