A 4-Step Guide for Buying Your Dream Home
Many people jump right into the buying process without giving it a whole lot of thought. If you are like most, you simply expect that you will start looking and eventually your dream home will drop in your lap somewhere along the way. You expect to find the exact features you are looking for only you are not too sure what to even do with the home when you do find it. This guide will help keep you focused and moving forward through the process.
- List of Priorities – It is easy to get sidetracked while house shopping. You fall in love with a great view, cathedral ceilings and that built-in wine cellar you never thought you needed until you saw it, but you lose focus of the features you actually need. Create a list of needs and then add your wants to the end. Focus on satisfying the top half of this list – the “needs” – and if any of the features near the bottom half – the “wants” – are present, consider them to be additional bonuses.
- Thrill of the Hunt – You can search for homes by simply driving around in your target area. You may only be able to see the exterior, but at least you know if it is one you want to look into more seriously. There are also real estate sites and classified listings, as well.
- Do Your Homework – Your first bit of homework involves figuring out how much home you can afford. There are online calculators on many realtor and lender sites that give you an idea of what will fit comfortably into your budget while making sure there is money left for expenses like interest, tax and insurance. Another task in this step is pulling your credit report. You should know exactly what is on it. You do not want to learn about discrepancies while in your lender’s office trying to secure financing.
- Have Fun – Although buying a home can be stressful, it can also be a lot of fun, especially while you are in the shopping process. Attend open houses and look at as many homes as you can. Take the time to really look through every home to make sure you select the best possible option for you.
Shopping for a dream home should be viewed as a positive experience. To help ensure that it actually plays out this way, give yourself plenty of homes to choose from and put a great deal of thought into make your decision. Remember to balance your dream home with “needs” first then “wants” and you will be on your way.