Summer is quickly approaching, and it's a good time to buy a home and move your household. In preparation for buying a home, you will need to get your finances prepared and look at your loan qualifications, then start on your home search wishlist. As you start your home-buying search, here are some tips you can use to help you search for the right home for your specific needs.
Review Your Budget
One of the most essential parts of buying a home is the financial side of the transaction. Without the funds to buy a home, whether it is from a mortgage loan or from your savings, you won't get very far. Start out by meeting with a mortgage broker to see your loan qualifications based on your credit score and your income.
Your mortgage broker can provide you with a loan maximum, and you can start to calculate how much your potential mortgage payment will be. Ask your agent about the cost of property taxes and insurance, which will be added with your mortgage payment so you can make sure it fits within your personal budget. You don't want to overextend yourself on your home payments, so be sure you can afford all the new expense responsibilities.
Look With Attention to Detail
As you walk through a home, this is your opportunity to look at the home's features and amenities and also its fine details. It can be beneficial if you look for the smallest details in a home to help you in getting a good idea of what the home has to offer.
For example, look at the kitchen counter closely. Is it real marble, or is it a laminate that looks like stone? Also, what condition are the kitchen cabinets in? Have they been painted? You can also open up closets and cupboards in all rooms of the home so you know exactly where each door leads to and how much storage comes with the home. You also want to check under sink cabinets to make sure there are no signs of water leaks, which can happen in existing homes.
While you are standing inside the home, take notice of how much noise you hear from outside. If the home is near a freeway or other busy road, you will want to find out how much of the outside noise makes it into the home, which can affect your relaxation.
It can be helpful to bring someone with you on your home tour who is good at looking at smaller details and noticing things you might not. And talk to your agent about visiting the home a second time, which will provide you an opportunity to notice details that you did not on the first visit.
Contact a real estate agent to begin looking at single-family homes for sale.