Getting the right home can mean either finding one on the market that you really like, or having one built to your exact specifications. No matter which way you go about getting your new house, these five tips should help point you in the right direction in order to get into the home of your dreams.
Make a List of Needs and Wants
Requirements in a home usually revolve around a minimum number of bedrooms and bathrooms or the size of the yard. When it comes to seeking a new home it is a really good idea to make a list of things you absolutely need and want for your house. Your “wants” list might include something like a two car garage or a minimum square footage and some of your “needs” might include at least two bedrooms and a great HVAC system. Overall, in the end your new home should have all of your needs and at least some of your wants.
Set a Fixed Price Range
A good price range usually has a variable minimum and a hard maximum. You may not be interested in extremely low priced fixer-uppers, likewise, you will probably have a maximum amount of money your bank will loan you as well for the top end of the range. It is a good idea to set limits for yourself right away so that you make sure that you aren’t spending more money than you want. Make sure that you find a great house that fits within your budget.
Use the Right Builders
If you are planning on building your dream home it is essential for you to find the best possible builders. With the right team of builders you can make sure that your home gets completed on budget and on time. One of the best ways to do this is to use a construction administration team. There are many benefits of construction administration such as up-to-date progress reports and a payment requisition overview. It is definitely important that you take your time and do your research so that you can find the best possible builders for you.
Anticipate Future Needs
The right home for you now may not be the right home for you in five years. If you plan on having kids, or having kids move out of the house, your minimum requirements in a home are probably going to change considerably while you are still living there. In real estate, you almost always want to have too much room as opposed to not enough room, since downsizing comes easier for most buyers. That is why it is essential for you to buy a house with your future in mind. It can really help save you a lot of money down the road.
Get Pre-approved For a Loan
A loan pre-approval will show sellers that you are serious about purchasing a home, giving you a better chance of having an offer accepted. Quick offer acceptance is essential if you want to find a home that fits you perfectly, mostly because if you love the house, chances are someone else loves it as well and may put in an offer with no financing contingencies.
Overall, following these tips should help increase your chances of getting a house that fits all of your needs and many of your desires. Whether you build or buy, if you have patience, you can find the home that is right for you.
July 27, 2016