Are you dreaming about buying a house? A new house is a large investment you’ll be committed to for at least a few years, if not much longer. It’s a smart idea to have a list of your needs, wants and like-to-haves before you start looking, so here are three things you need to consider that will help you fill out your list before you start the buying process.
3 Considerations When Buying A House
Location is everything –it determines the school district, amenities, recreation, entertainment, services, the local economy, public transportation, commute times and so much more. Consider your travel limits in relation to where your dream house is located. Do you prefer to be in the middle of the city where everything is within walking distance from your front door? Or, do appreciate the privacy offered by more rural setting, but requires you to drive from your home to the nearest stores and entertainment? These questions will help you narrow down an area to buy a house.
The condition of the house you want to buy is another vital area you need consider carefully. Think about the level of work you want to put into your new home to make it perfect for you. Buying a house that needs any amount of updating requires time, money and patience to complete, but the return on your investment from increased equity while adding your personal style can be worth the effort. On the other hand, buying a new or move-in ready home offers the luxury of being able to move right in without the hassle of remodeling.
Before you start the process of buying a house, you must take into account your price range. A pre-approval on a mortgage is the perfect place to start! This will show you the maximum amount you can get a loan for so you don’t begin shopping way outside of your budget. Once you get a pre-approval offer, you can then decide if this is a realistic amount you can afford – after you include your current entertainment and lifestyle expenses – or if you would prefer to stay below that limit.
Buying a house is a wonderful investment you’ll see every day. Use the three categories above – location, condition and price – to start creating a list of requirements for your dream home and contact me to find out how I can help!
Karin Zeigler brings a wealth of knowledge and expertise in buying and selling residential real estate in the South Puget Sound area including Thurston, Mason, Lewis and Pierce counties. Whether you’re looking for a first house, downsizing, or have special circumstances such as military loans, Karin can help you find your dream home. Contact her today, or call 360-870-6249, to start your home buying or selling process.