A common goal for many individuals as they enter into their adult life is to purchase a home, whether it be their first time or their dream house. Homebuying is an exciting process, but it can also bring many challenges as you try to find a property that checks off the boxes on your wishlist. With that being said, here are a few tips to take into consideration to ensure you’re prepared when it comes time to make the decision of which home you purchase.
Before beginning the home-buying process, take some time to determine what exactly you’re looking for in a house. If you’re currently growing your family, you may look to upsize to accommodate the size of your family. Or on the other hand, if your children have recently moved away to start their next chapter of life, it could be a good idea to downsize to eliminate the stress of the constant upkeep of a large square footage home. After knowing the size of the home that will best fit your lifestyle, it’s also important to determine what amenities you’re looking for. Some things to take into consideration could be homeowners associations, having a large outdoor space to allow for hosting get-togethers, and the location of the house; whether it be in a populated area or a more secluded area. After determining all of these factors, conducting thorough walk-throughs will ensure that your needs are being met regarding what you’re looking for in your new house.
Be sure to establish your budget prior to beginning your search for a new home. Oftentimes an individual will start browsing without a clear understanding of what they can afford, leading them to spend above their means or waste time looking at homes outside their price range. In order to avoid this situation, determine how much house you can afford or what an affordable mortgage payment looks like for you ahead of time. By taking this precautionary step of learning what you can afford in a monthly payment, in combination with your existing debts and bills, you’ll better understand your budget and avoid the risk of not being able to pay your current bills or even afford the new home you’ve recently purchased. It’s also a great tool to help you narrow down your home search to what’s within your budget, not allowing you to become overly attached to a home that you won’t be able to afford in the long run.
A great step to take when preparing yourself for the homebuying process is to familiarize yourself with the current market in the surrounding area. Many individuals often forget to talk to their realtor about market trends, but it can give you the upper hand when it comes to making this large purchase. Throughout the year, the housing market can fluctuate due to economic changes. By keeping a close eye on the market, you’ll be able to determine when is the appropriate time to purchase a home. With the housing market likely slowing down during 2023 due to low home inventory, it’s important to remain optimistic that you’ll find a home that meets your needs for a reasonable price.
Once you’ve purchased the home, don’t be afraid to ask for help while you enter the next stage of moving. This process can be physically taxing on your body, so hiring professional movers or asking for additional help from friends and family is a great option. Similar to the home-buying process, preparing ahead of time for moving will ensure a smooth transition for both you and your belongings. Once you’re settled with your belongings at the new house, a great way to build relationships with your neighbors is by asking for help, whether through asking to borrow tools you may not currently have or needing a few delivered packages to be picked up throughout the day. It’s not uncommon for existing neighbors to want to help make their new neighbors’ transition into the neighborhood easier, so don’t shy away from asking those around you for help.
Moving can be an overwhelming task, but by taking into consideration the four suggestions previously shared, you’ll be able to ensure you’re prepared for the upcoming processes. And once you’re completely moved in, you’ll have the exciting opportunity to host a housewarming party!