Shopping for a new house is an exciting time, but there are many considerations and it’s important to take your time and be smart. So what steps should you take? Mr. Handyman has some “handy” tips for happy house hunting.
Create a list of must haves and wants
Buying a home can be a very emotional process. By creating a detailed list of what you need in a home versus what you want, you can help control those emotions. Print copies of your checklist before going to view a home. Then during the visit cross things off of your list. At the end of the process, you should be able to identify more clearly the home that works best for you.
A house is the biggest investment most of us will ever make and money plays a huge part in the home you will buy. A few financial tips:
1. Limit large purchases 3 to 6 months before buying a new home. This may affect your credit score and your ability to get the best loan possible.
2. Know what your budget is by getting pre-approved for a loan prior to shopping for a home.
3. Focus on cost OTHER than the monthly payment. These cost would include potential repairs/upgrades, utilities, property taxes, and (if applicable) homeowner-association dues.
4. Look for grants and other sources of funding before buying. There are some options with generous income limits.
Learn about the neighborhood…and the home owner
Is the neighborhood comprised of mostly home owners or renters? The differences between the two can be drastic! Is the home located in a good school district? This could make a huge difference when it come to your kids’ education and selling the home in the future.
Lastly, getting to know the home owner is helpful when it comes to bidding and negotiations. Are they selling because the need cash? Is it important that the home is occupied by the buyer opposed to someone who will rent or re-sell the property? By establishing a connection and being friendly with the existing home owner you can get the answers to these questions. Using this information wisely can really help you seal the deal!
Find A Good Inspector – By hiring a good inspector, you can uncover any issues with the home. This can give you more leverage when negotiating the price of the home. Also, this can save you thousands in potential (and unexpected) repair costs.
Already have your home or thinking of buying/selling? Let us help you with all of your repair needs! Contact your local Mr. Handyman by calling 877-256-3376 or request service in your area.