Do you think that it is finally time to buy a home? Before you take the leap into home ownership, there are a few things that you should do to prepare:
What is Your Budget?
Talk with a mortgage lender to understand more about the loan amount that you will be approved for. Instead of looking for a home that is at the top end of what you can afford, you might consider looking for something a little cheaper to free up the cash flow and pay for other home maintenance requirements. Homeowner expenses can add up over time and you need to make sure that you are prepared.
Choose the Neighborhood
It is important to consider your lifestyle and find a neighborhood to match. Look at the schools in the area, nearby shopping and restaurants, and the other types of homes that are within a few miles. Some people prefer to live right in the central area for easy access to everything. Other people prefer something that is on the outskirts of a city, in order to enjoy a slower, quieter lifestyle.
Be Ready to Negotiate
Just because a home is listed at a certain price, doesn’t mean that you will need to pay that much for the property. There are several strategies that can be used to negotiate on the price, helping you to get a better deal for the property that you would like to buy. Don’t stress about handling the negotiations on your home, because an experienced Atlanta real estate agent can help with this process.
Consider a Home Warranty
Whether you are buying a new home or an older home, it is a good idea to pay for a home warranty. These warranties are different from homeowners’ insurance, because they cover things such as the appliances, water heater, air conditioner, heater, and more. If something breaks down within the warranty period, then that item will be repaired or replaced through the home warranty policy.
Plan for Misc Expenses
Even if you know your budget for the home price, it is also important to consider other items that you will need to spend money on. Many people need to buy furniture for their new property, as well as other necessary tools such as a lawn mower and home décor. Have a separate savings account set aside for these unexpected costs that will pop up along the way.
As you can see, there are a few simple steps that you should take if you are thinking about buying a home. For more information and help finding the right home for your family, it is important that you are working with an experienced real estate agent in Atlanta. At Duffy Realty of Atlanta, we are familiar with the real estate industry and we can help you with the necessary plans to buy a home. Call our office right away for help with your home purchase: (678) 318-1700