Before you go hunting for your dream home, there are a few things you should do. You want to make sure you end up in a home that is going to make you happy for years to come, as moving too soon can be very expensive and you may struggle to recoup costs.
Make sure you do the following before you begin hunting for your dream home:
Get Pre Approved For A Loan
Getting pre approved for a loan isn’t compulsory before you begin home hunting, but it’s beneficial for a few reasons. Firstly, it’ll give you an accurate idea of your budget and what you can afford, which is imperative when buying a home. Secondly, it’s going to show any sellers that you’re serious, and give you an edge over buyers that don’t have a pre approved loan.
Know Exactly What You Want Out Of Your Home
Make a list of things that you want in your dream home. Make a couple of lists; one for the non negotiable things that you want, and one for the things that would be a nice bonus. You may also want to make a list of things that you absolutely will not have in your home to help you narrow down your choices.
Even when you think you’ve found your dream home, it’s important to have it surveyed so you can be sure that it’s safe to live in and that nothing is going to ruin your purchase. There are building surveys and homebuyer surveys, for instance, depending on what you want out of your survey. You can find what is a homebuyer survey online and compare the difference to the building survey to make sure it’s right for you.
A home inspection is also a good idea and usually carried out after your offer has been accepted. New issues can come to light here, so be prepared. You may need to renegotiate your offer in this case. If the problems that crop up are serious, you can usually retract your offer. If an offer crops up when you already own the property, there are a few things you can do. However, it could mean a lawsuit if the seller is unwilling to cover the cost.
Be Prepared To Negotiate
Be prepared to negotiate, but bear in mind that you don’t want to perturb any sellers by offering them a ridiculously low price. Think about your offers carefully and get advice if you need it.
What Do You Want Out Of A Location?
Don’t just think of what you want out of your property. Think of what you want out of your location, too. What do you want your neighborhood to be like? What amenities do you want close by? Are the schools good? Consider all of these things before making your final decision.
Ask plenty of questions so you can be sure any house you look at is right for you. Have a list so you don’t forget anything important!