First Time Home Buyer Tips

You will not find many things as emotional and exciting as the purchase of your first home. You may be looking for a condo near all the Downtown amenities, a new modern home in a family friendly suburb, or a vintage property in a historic area. Either way, if you follow the first time home buyer tips below, you could be well on your way to living the American Dream!
Buying your first home is an extremely exciting step, but it is also very risky. More experienced buyers who have bought and sold a number of houses throughout their lifetime may be able to spot a money pit the minute they walk in. However, those without this expertise may find themselves so blinded by the excitement of becoming a property owner that they fail to see the home's shortcomings.
When looking for your first home, it is very easy to fall in love with every home you can afford! You have to think, are you engaged or married or possibly planning on having kids soon? Then that one bedroom condo in the Downtown high-rise in the hip part of town may not be the best buy even if it fits your budget.
Below are several tips for first time home buyers that will assist you with keeping your head in the game throughout the process, making certain that you get the best deal and the right home!
FIRST STEPS
- Get pre-approved for a loan
- Hire the right agent to work for YOU
WHAT TO LOOK FOR IN A HOME?
- Certain number of bedrooms or bathrooms
- Overall square footage
- Open vs closed floor plan
- New home vs resale property
- Space for an office or bonus room
- One story or two
- Home vs condo/townhouse
- Garage, carport, or off-street parking
- Home style, type, or a specific builder
- Good school district
- Onsite or close-by amenities
- How much the house last sold for
- Homeowners Association details (if applicable)
- Area development plans
- Easement rules
- Property boundaries
- Your millage rate (used to calculate property taxes)
- City/county responsibilities (i.e. garbage, utilities, etc.)
- State tax
- Property tax
- Preview the community at different times of the day/night. Each visit will give you a better perspective on the noise level, congestion, and how quiet or busy the neighborhood is.
- If you have school age kids, visiting their prospective schools. You can also find out more details by visiting greatschools.org.
- The commute time to/from work, school, or other important amenities.
- Reviewing the state sex offender registry. If the area has a local sex offender site, make sure to check that too.
- Visit the local police station or check out SpotCrime to determine the crime level in your future neighborhood.
- Scan for distractions (i.e. is there a highway, public transportation service, entertainment venue, or processing plant nearby).
PREVIEW THE ENTIRE HOME
- Leaky gutters
- Cracks on outside walls
- A sloping yard that could imply ground subsidence
- Rotting woodwork or woodwork covered in holes that could be signs of a pest infestation
- Concrete breaks or gaps
- Fencing issues
- The roof to include missing pieces or patched area
- Outside air conditioning units
- Chimney (if applicable)
- Diseased vegetation or grass
- Potential drainage issues
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