And as your Canton real estate experts, we want to make sure you’re well-prepared to enjoy a successful outcome as a home buyer – especially if this is your first time purchasing a home.
Thus, today, we’re going to share with you our top 7 tips for navigating the market as a home buyer. Enjoy!
What Every First-Time Home Buyer Should Do in Canton
Think about the re-sale. It might seem weird to think about selling a home you haven’t even purchased yet but trust us, you’ll thank us later on this one. Think about who your target audience will be and if it has the kind of features that most home buyers are looking for. This will inform your decision about whether the home is worth the investment.
Make a list of indispensable home features. Every home buyer should make a list of those features that they simply must have in their first home. Some people really need a garden tub in the master bedroom while others really need a two-car garage. Whatever your needs are, make sure you take note of them so you can quickly skip over homes that don’t have those features.
Consider all expenses when budgeting for a home. In addition to factoring in the mortgage, you should also consider any applicable homeowner’s association bills, taxes and insurance bills, utilities bills and even the cost of commuting. Make sure that you can still afford the home after factoring in these other costs.
Review the homeowners association contract before you make a decision. It’s important to note the policies of the neighborhood HOA in order to see if you can agree with them. Otherwise, you mind end up with an unpleasant residential experience.
Read the contract before you sign it. This may seem like a no brainer but you’d be surprised how many people think it’s sufficient just to glance over a contract. Make sure you read over all of the terms and conditions before you sign on the dotted line. After all, this is probably going to be the biggest purchase you’ll ever make.
Make sure you like the view. Sometimes people are so caught up in the interior features that they forget to consider the surrounding location. But this can be just as important – if not more important – than the house itself. So make sure you like the amenities that surround your home and that you have a great view when you look out the window. Not only will it make life better for you, but it will help when you sell the home down the road.
Follow all the classic advice you’ve heard about buying your first home. Some great examples include having an emergency fund, saving for a down payment of 20 percent, getting your credit in better shape and not buying more than you can afford.
We’re Here to Guide You Throughout the Canton Home Buying Process!
We would love to assist you by answering any questions you might have, providing you with valuable resources and more!
Till next time,
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