Whether you’re a first-time homebuyer or you currently own and are looking for a new home, the ideas below will help you better navigate that all-important first step: Finding a property that is both appealing and affordable.
The search for a new home always starts out with a lot of excitement. But if you haven’t prepared, frustration can soon set in, especially in a competitive real estate market. The biggest mistake is jumping into a search unfocused, just hoping to “see what’s available.” Instead, we recommend you first take some time to work through the four steps below.
Step 1: Talk to your agent
Even if you’re just thinking about buying or selling a house, start by consulting your real estate agent. An agent can give you an up-to-the-minute summary of the current real estate market, as well as mortgage industry trends. They can also put you in touch with all the best resources and educate you about the next steps, plus much more. If you are interested in finding an experienced agent in your area, we can connect you here.
Step 2: Decide how much home you can afford
It may sound like a drag to start your home search with a boring financial review, but when all is said and done, you’ll be glad you did. With so many people competing to buy what is available, it’s far more efficient to focus your search on the properties you can afford. A meeting or two with a reputable mortgage agent should tell you everything you need to know.
Step 3: Envision your future
Typically, it takes at least five years for a home purchase to start paying off financially—which means—the better your new home suits you, the longer you’ll most likely remain living there.
Thinking of your near future, what life events do you anticipate in the next five or six years? If you’re planning to add to the family or change careers, or even rent out a portion of your home to others, share this information with your real estate agent. They will be able to help you evaluate your current and future needs to help find the best home that you can grow into.
Step 4: Visualize your ideal home
When it comes to this step, be realistic. It’s easy to get carried away dreaming about all the home features you want. Try listing everything on a piece of paper, then choose the five “must-haves,” and the five “really-wants.”
For more tips, as well as advice geared specifically to your situation, connect with an experienced Windermere Real Estate agent by clicking here.
Great opportunity at 5845 Venus Ave in Fort Collins for a first-time homebuyer or investor! Beautifully updated kitchen, complete with Frigidaire Gallery stainless steel appliances, new cabinets, backsplash and granite countertops. The main level boasts hand-scraped oak hardwood floors and 3 bedrooms (or 2 bedrooms + an office). The basement has 2 additional bedrooms, a large storage room & laundry room. Both bathrooms are tastefully updated. Large fenced in yard with a patio, deck, shed & separate fenced off garden area with garden boxes. Contact Kailee Harvey at (970) 331-2868 for your private showing for more information or click the link below for more details.
Great opportunity for a first-time homebuyer or investor. 1789 Twin Lakes Circle in Loveland is move-in ready with brand new carpet and paint throughout. Open floor plan with vaulted ceilings and a cozy fireplace in the living room. Enjoy a separate dining room, updated countertops in the kitchen and an unfinished basement ready for your touches. Master bedroom boasts a large walk-in closet and private 5-piece bathroom. Enjoy the spacious fenced-in backyard from the large deck. This one won’t last long! Contact Kailee Harvey at (970) 331-2868 for your private showing for more information or click the link below for more details.
Friendly, quiet Windsor neighborhood. 1115 Nantucket Street in Windsor is a great opportunity for first time home buyers or investors. Enjoy the large, fully fenced backyard from the upper deck or from the walk out basement. All appliances stay and 1-year home warranty is included. Contact Maria Dellota at (970) 215-1013 for your private showing for more information or click the link below for more details.