Buying a home is a huge commitment, so you'll need to take a hard look at your budget. Consider how much you're currently paying in rent and if you could affford any more. In some cases, you might be able to find a home with monthly mortgage payments comparable to what you pay in rent. You'll also need to think about how much of a down payment you can afford and budget for things like closing costs, moving expenses, new furniture, etc. To save yourself some heartache and unneccessary work, get preapproved with a lender before you fall in love with a home you can't afford. contact HomeServices Lending to get started.
Most people stay in their first home for 5-10 years, so you'll want to make the right decision when choosing a location. Think about commute time, school district, neighborhood, and entertainment options.
3. Future plans
Whether you plan to stay in your first home for 5 years or 15 years will make a huge difference in what kind of home you choose. Think about things that might change in the future, like your family size or job.
Buying your first home is a huge decision, but it doesn't have to be stressful. A Berkshire Hathaway HomeServices First Realty agent can guide you through the process and keep you on track. Our experience, professional agents will be with you every step of the way. Contadt an agent today.