There are few things in life as rewarding as buying your first home – all the hard work you’ve done thus far has led to this one moment, and you may feel a sense of accomplishment; you should! Being able to buy a house is a massive achievement, and a thousand thoughts may be flooding your mind right about now – this is entirely normal, the world is your oyster, and you now have to make the decision of where to plant your roots (at least for the next five years). Although buying a home is an adrenaline-filled and exciting experience, you also need to approach it from a very level-headed and informed direction as well. There are many factors that come into play when deciding on a home and a lot of self-reflection that should be taken into consideration to ensure you make a choice you won’t regret later. That said, here are some of the top questions you should ask yourself on the road to buying your first home.
What do I need?
It might sound logical, but when walking into a home and instantly falling in love with the way it looks, one can sometimes lose track of checking if it actually ticks all the boxes on your wish list. Before starting the house-hunting process, have a sit-down and really think hard about what you need from a house; how many bedrooms do you need? How large should the kitchen be? Should there be an office or study space for your work? Do you have pets that require a large yard? Are you an entertainer who needs space for family and friends when visiting? Getting the answers to all these types of questions may make finding the right home much easier because you’ll be walking into each house with a clear and non-negotiable idea of what exactly it is you need. And, if the house doesn’t meet those basic requirements, then on to the next one! You’re the one who is going to have to live there, so don’t settle for anything less than what you need.
What style of home do I like?
In addition to your wish list, you may need to think about the style of home you would like to live in – there are quite a few to choose from. To name a few, there are Cape-Dutch, Tuscan, French country, colonial, Victorian, farmhouse, and many more. The style will depend heavily on your personality, and after doing some research, you’ll quickly learn what type of home is more attractive to you. The farmhouse style, for instance, is popular under most tastes; with high ceilings and large rooms, you are bound to fall in love with most Farmhouses Homes For Sale. Also, think about the layout you prefer; do you like definite areas that are separated by walls, or do you like a more open-plan look and feel? Determining the style and layout will also allow you to quickly see whether the house you just walked into is a viable candidate or not.
What is your budget?
Your budget walks hand-in-hand with your needs, and you’ll need to find a comfortable place to meet in the middle with the two. When determining your budget, think about all the other costs that come into play when buying a house, such as a mortgage, a down payment, what the running costs will be when purchasing your home, as well as the deed’s registration fees. Also, if you’re thinking about buying a fixer-upper and putting your own stamp down on the house with some personalizing here and there, you need to do some research on what a home renovation will cost according to the size of the home you’re buying.
Some areas are more expensive to renovate than others, such as a kitchen and a bathroom, so be sure you have all the mathematical homework out of the way when starting your house-hunting process. This will also save you loads of trouble and heartache because there is nothing as demotivating as walking into a house and falling in love with it, only to realize that it doesn’t fit into your budget and isn’t a realistic option. Lastly, be sure to communicate your budget very clearly to your real estate agent, so they’ll only show you options that are a possibility.
Asking yourself the questions above may take a hefty weight off your shoulders when buying your first home. After all, you want this to be a memorable experience, so get the nitty-gritty side of things out of the way, and enjoy every moment of finding your perfect first home!