Purchasing your own home is a great investment that provides specific financial advantages, including equity buildup, value appreciation potential, and tax benefits. It’s also a forced savings plan that you cannot get from renting!
There is never a wrong time to buy the right home. All you need to do in the short run is find a good buy and make sure you have the financial ability to hold it for the long run. The most important rule for keeping your stress to a minimum is that you don’t have to know everything – leave that to your real estate agent.
Have you been pre- approved for a mortgage? Great! So how do we begin your search? The best thing to do is consult with your agent to more accurately pinpoint the home you are looking for. This is likely the biggest investment you’ll ever make, and you’ll need to create a criteria for a home that meets all of your important needs, and as many of your additional wants as possible. Some questions you might want to ask yourself include:
- What do I want my home to be close to?
- How much space do I need and why?
- Which is more critical: location or size?
- Is neighborhood stability a priority?
- What features and amenities do you want? Which do you need?
Using these questions you will be able to refine and prioritize the properties you are looking at. Your agent will be able to expedite this process using their strong knowledge in home buying specifics
Have you decided to buy? Contact us Info@kevinbarmannteam.com.