How To End Up With The Home Of Your Dreams
When buying a house, there are a million and one considerations to make, all of which can have a huge impact on your happiness in the new home. While it's easy to be swept away with your emotions upon seeing the most gorgeous spiral staircase or a splendid in ground pool, it ultimately pays to keep your wits about you and keep a long-term perspective.
Start With Great People On Your Team
Whether you decide to hire a realtor or not, there will be plenty of people to deal without throughout the process of finding the home of your dreams. While opting for an experienced and reputable real estate professional is usually the most productive choice, you will also be working with lenders and building inspectors, along with a number of other people. Look for high-energy, individuals and companies who are well qualified to serve on your team and will be there when you need them.
Know What You Need In A New House
Make a list of the number of rooms, square footage, acreage and so forth that you and your family needs. Include the neighborhood effects as well as what you need from the local school system. Use this list as the holy grail as you search for a home without deviating from it. While you may find a bonus feature here and there, never compromise the basics of your list for anything.
Have A Clear Financial Picture
Knowing where you stand in terms of mortgage accessibility will help prevent a lot of disappointment and wasted time. Get your family preapproved and stay within that budget when searching for your ideal home. Make sure the seller is well aware that you are not being deceptive about the absolute amount you are willing to spend, to avoid unnecessary haggling in negotiations.
Investigate The Property Thoroughly
Once you've got your eye on something, go through it with a fine tooth comb. Don't wait until you have your heart set on it to discover that the septic system is oozing goo or that the basement has a stinky history of being flooded. If feasible, have an inspector at the ready to investigate the structure and all systems. Follow this process for every prospect: Suitability, price range, inspection results. Doing so methodically will help you keep your emotions (and checkbook) under wraps.
Give Yourself Time To Think It Over
Even if a home seems to be perfect for you and your family in every possible way, it's still wise to give yourself a few days thinking time. Discuss the pros and cons with your spouse and kids, and really sleep on the idea of owning this building, property and all the responsibilities and potential headaches that come with it. It should be a sound, logical decision that is fueled by a passionate anticipation. If all of the elements are not in this new home, you will feel it and most likely change your mind by the time you've finished thinking it over.
Buying a new house is an exhaustive and emotional experience. Try to enjoy it, because it can be a lot of fun too, however; make sure you're always thinking on your feet and acting in your best long-term interest. The house you buy should be suitable, affordable and stand the test of time for many years to come.
