How To Choose The Right Home

How To Choose The Right Home

Realtor.com:

How to Choose the Right Home


  • ·         Look for a different home type within the community, such as a smaller single family home, a town home or condominium. Decide if you can live with one less bedroom or other features on your list.

  • ·         Consult with a lender or a financial planner to discuss your options for increasing your budget. While no one should overspend on a home, you should recognize that going $10,000 above your price range when you’re financing your purchase with a 30-year fixed-rate loan will actually add only about $30 to your monthly payment.

  • ·         Lower your expectations about the condition of the home. While everyone prefers a move-in ready home, you can often get a better deal on a home that needs some cosmetic repairs. Be careful, though, to have a home inspection and to evaluate the structure of the home to see that it meets your needs. Moving walls and adding a bathroom are costly renovations, while painting and replacing appliances are more reasonable.

If you have your heart set on a specific home style or a home with a larger yard for your children or to garden, your compromise is more likely to be in the location. If you’re willing to commute farther or perhaps choose a home in a community next to the ‘hot’ neighborhood, you can often find a more affordable home that fulfills your wish list.

An experienced Realtor can help you determine when and how to compromise and should take the time to show you a variety of alternatives so you can make an informed decision about when to make an offer.


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Think you might be ready to buy?  Visit our newest addition, Doorsteps, to explore the home buying process at your own pace. On your own terms.

Step 1: Are You Ready to Become a Homeowner?

Step 2: Get a REALTOR®

Step 3: Get a Mortgage Pre-approval

Step 4: Look at Homes

Step 5: Choose a Home

Step 6: Get Funding

Step 7:  Make an Offer

Step 8: Get Insurance

Step 9: Closing

Step 10: What’s Next?

 


Diane Velez Headshot
Author:
Phone: 214-704-4618
Dated: August 13th 2015
Views: 581
About Diane: You want me as your realtor! I am an honest, dedicated, and patient person that loves working with ...

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6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448


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