First Time Home Buyer's Guide, Part 1 - 5 Things To Consider Before Deciding To Look For A Home

Are you Ready to Buy a Home?house is a really great deal and that maybe someday
It's important to determine what you really want in ayou'll be able to make more off of selling it. Now, whoa,
home before you even step outside to look at one.if you wanted a house with 1500 sq ft, are you going
Having an idea of what you want will help you narrowto be happy in a house that is 1000 sq ft bigger? If you
your home search to homes that will fit your needsbuy a larger house, make sure you can live with higher
and wants. Simple decisions such as how much youutilities, taxes, and even expenses such as furniture to
want to spend and how big of a home you want can"fill" the home. Be sure that if you are going to buy a
also save you time and ensure that you aren't lookingsmaller house than you originally wanted that your
at homes that aren't really what you want or need.family isn't going to outgrow it soon.
It's is easy to get carried away with the home buyingRepairs
process and it can become more about comparingMany first time buyers, used to renting, forget about
kitchen sizes and determining what landscapingcommon maintenance work that must be done to
changes you would make to the yard, than anmaintain homes. Homes in good repair still require
important financial decision. People get wrapped up inregular heating and cooling, roof, and yard maintenance,
what they like about a home and envision themselvesamong other things. Keep this in mind when you set
living in it and walking through its hallways. They beginguidelines concerning what kinds of repairs you are
to forget or brush aside facts like the roof that leakedwilling to deal with yourself. If you are on a tight budget
last year, a new furnace is going to be needed, andit's a good idea to stay away from homes that will
the yard is much smaller than they originally wanted.potentially cost you more in repairs than you can
When home buying it's important to not get attachedafford. If a house is a great deal but you have no
like this and to be able to step back and determineextra cash to finish or fix it up, it may turn into a home
whether the house really is great or if you are strayingbuying nightmare. Also, if you are considering a
far away from the qualities you originally thought werefixer-upper, consider whether or not you really are the
important in a home.type. Do you like doing home repairs? Do you even
Priceknow how to do home repairs? Often times it is not
Price is one of the most common factors that peopleas cheap as people think to have a contractor come
tend to push to the limits. They look at how muchin and fix a home. Remember, once you buy a home,
more home or how much nicer of a home they canyou get everything that comes with it, including repairs.
have if they spend a little more money. Lenders oftenPracticality
assist in this process by offering large loans that reallyIf you ignore how practical a house is for your family
stretch their clients' checkbooks. Before you stretchyou may end up with constant annoyances or
and stray from your original plans in this area makeproblems on a daily basis. For example, if you have
sure that you can really live with higher payments andyoung children and decide that you want a single level
a bigger loan.house, don't stray from your plans and buy a house
Locationwith an elaborate staircase that can't be blocked off
Location is very important. If you decide you want aand is a safety hazard. If you don't like to swim or if
home in the city, be wary of looking at homes out ofyou have young children, is the pool in the backyard
the city that will increase your commute time, run upreally a bonus? Don't let realtor's or sellers convince
more vehicle expenses, and create annoyances suchyou that these "extras" are really what you need. In
as not being able to order take out or not being able tofact, if they can be labeled extras or bonuses and
make quick stops at home during the workday. If youthey weren't in your original plan that's all they really
don't like to live in the city then by all means don't placeare, extra things to deal with.
yourself in a city lot or apartment where you are goingYou may stray from your original plans and
to feel crowded or annoyed by common cityexpectations with the purchase of your home, which is
occurrences. You know where you will be mostfine as long as you keep a realistic outlook on the
comfortable so don't let realtor's or sellers try tohome purchase. You may find that the square footage
convince you that the location of a home is great foryou planned to buy would be way too small for your
you if it's not really what you had in mind.family or that the repairs you thought to be too tedious
Sizeare really more common than anything. It's simply
You might have only wanted a 1500 sq ft house butimportant to buy a home that compliments your
yet your Realtor takes you to a 2500 sq ft house andfinancial situation and personal lifestyle, rather than one
tells you that it's a good deal because its only $50 a sqthat merely complicates them.
ft. Soon you become hinged on the fact that this