Have you ever fantasized about what your home would look like if you were a homeowner?
Maybe you dream of sipping your morning coffee while enjoying the view from your KB Home balcony, or watching your favorite movie in your very own media room. Choosing a home is an exciting process but there are several things to consider when searching for your perfect new home.
To start, you need to determine how much you can afford. Are your finances in place? Talk to a mortgage lender and explore your options. They will be able to help you determine your price range and obtain a copy of your pre-approval letter so you can have it handy throughout the process. Home Community Mortgage (NMLS #1038152) has an easy to use calculator to help determine what price range you can plan to finance. Once your finances are in place, the search for your new home can begin. You should also think about working with a realtor. An experienced real estate agent can help you narrow your priorities and make an informed decision about which home to choose. Here are a few things to consider in your search:
Lifestyle Think about what size and style is most suitable for you and your lifestyle. Consider your future plans as well, are you planning on growing your family? Perhaps a parent is going to move in with you? Are you more interested in a Ranch-style home or perhaps a two or three-story home? Are stairs going to be an issue or would you welcome the additional daily exercise? Make sure to consider your current or future pets and what a new home will mean for them. Does it have a yard? Are there any homeowner association rules to abide by? Making decisions on these types of questions will help to narrow down your selections and get you closer to finding “the one”.
Location Location is everything. How far are you willing to commute to work? Taking 20 minutes out of your day just to get to the freeway may not be the best option. Consider easy access to public transit and/or freeways to cut down on the commute. If you have kids, consider which school district you want your home to be in. If you like walking to restaurants/shopping then that might be of more importance then getting that larger house out in the suburbs. Perhaps you are all about the views? Do you want city, forest, water or mountain views? These questions will all help determine the type of location that is right for you.
Neighborhood: A home should be a place where you feel safe. Research the neighborhoods you are considering and look at whether the community is gated, the crime rate, neighborhood watch, etc. Can your kids play freely? Do you want to form friendships with your neighbors? Living in a good neighborhood is usually worth the extra money for the extra sense of security and camaraderie it provides. When going through the homebuying process, never lose sight of what’s most important to you. This will help you find the perfect home that you can live happily in for years to come.
What’s most important to you when searching for a new home?