3 Things First-Time Home Buyers Should Do While Home Shopping

Real estate can be unpredictable. Learn tips and tricks you can use to keep your finances in check throughout the buying or selling process.

3 Things First-Time Home Buyers Should Do While Home Shopping

29 March 2017
 Categories: Real Estate, Blog

Are you currently shopping for a house to buy? Will this be the first home that you've owned? Buying a home for the first time can seem difficult and confusing since there are many things that you need to remember in order to be able to find the house that is perfect for your needs. During your search, there are a few things that you can do that will make the final decision-making process a little easier. Some of these things include:

Compromise is good, but not too much: If you haven't already, make a list of things that you absolutely must have in a home. Make sure to note whether these are things that you are flexible about, such as if the home already has a pool, and things that you absolutely must have, such as 3 bedrooms. When looking at house listings, it can be extremely easy to forget about an otherwise must-have feature when you're faced with an extremely attractive looking house. While most houses can be repainted or otherwise renovated slightly to be more eye-catching, it's much more difficult to add an extra bedroom and it would obviously be impossible to make a house's yard larger.

Have a notebook handy: When looking at different house listings, use a notebook to keep track of any relevant features. Right now, you may love that the listing says that the listing says that the home has been recently remodeled or that it's near a certain landmark. After looking at a dozen different similar houses, it can be easy to forget exactly what attracted you to a certain house or why you decided to remove a house from your short list. While you're touring a home, write down distinguishing features that you like and also things that could be an issue later, such as a potential issue with mildew or dry rot. 

Get professional opinions: So you've found a house or two that you really like. Their house listings were great and seeing them in person was even better. While you can certainly put in an offer on your favorite house, you should also have it checked out by a construction professional. Although a housing inspection is a standard part of any house-buying process, these inspectors are not always aware of or even looking for all possible issues with the home. For example, they may be able to spot obvious signs of termite infestation but they may not knowledgeable enough to spot all potential issues with a home's wiring. Paying to have an actual contractor check out the house can be more expensive right now but an also save you time and money down the road.

About Me
Talking About Real Estate Finances

Welcome to my website about real estate finances. My name is Reina. I would like to talk to you all about the financial aspect of buying, selling and renting real estate. I will share tips and tricks you can use to keep your finances in check, even when the market feels unstable or you have to dip into your savings for yet another repair. I will also discuss the pros and cons of hiring a property management company to assist you in the renting process. I hope you will follow along and learn all you can about managing your real estate finances. Thanks for visiting.