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Writer's pictureRaffucci

What to look for in a first home? The full check list

Updated: Nov 1, 2023


first time homeowners looking at their new home
Buying a first home is a big milestone. It's an exciting time, but it can also be overwhelming. There's so much to think about, from finding the right location to negotiating the best price. One of the most important things to do when buying a first home is to know what you're looking for.

| Here are some things to keep in mind:|
Location
Location is one of the most important factors to consider when buying a home. Think about your commute to work, your proximity to schools and parks, and the overall feel of the neighborhood. You may also want to consider factors such as crime rates and property values.
Size
How much space do you need? If you're planning on starting a family or have a lot of hobbies, you'll want to make sure you have enough room. But don't buy more house than you can afford.
Condition

How much work is the house going to need? If you're on a tight budget, you may want to look for a home that's in move-in ready condition. But if you're willing to put in some work, you can save money by buying a fixer-upper.
Features
What features are important to you? Do you need a certain number of bedrooms and bathrooms? Do you want a garage or a yard? Make a list of the features that are must-haves for you and your family.
Budget
Of course, budget is a major factor to consider when buying a home. Be realistic about how much you can afford to spend, including monthly mortgage payments, property taxes, and insurance.

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Additional tips

- Get pre-approved for a mortgage before you start shopping. This will give you an idea of how much you can borrow and will make you more competitive when you make an offer.
- Work with a real estate agent who specializes in first-time homebuyers. A good agent can help you find the right home for your needs and budget.
- Don't be afraid to negotiate. The seller may be willing to come down on the price, especially if you're willing to make some concessions.
- Get a home inspection before you close on the house. This will help you identify any potential problems with the property.

Here are some more things to consider when looking for your first home:
- Your lifestyle. Think about how you spend your time and what you enjoy doing. If you love to entertain, you'll want a home with a spacious layout and a big backyard. If you're an avid gardener, you'll want a home with a lot of outdoor space.
- Your future plans. Are you planning on starting a family? If so, you'll want to make sure you choose a home with enough bedrooms and bathrooms. Are you planning to retire in the near future? If so, you may want to choose a home that's in a community with amenities for seniors.
- Your resale value. If you think you may sell your home in the next few years, you'll want to choose a home that's in a desirable location and in good condition. You may also want to consider making some upgrades to the home to increase its value.

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Buying a first home is a big decision, but it doesn't have to be overwhelming. By knowing what you're looking for and doing your research, you can find the perfect home for you and your family.
Here are some additional tips for first-time homebuyers:
- Don't be afraid to ask for help. There are many people who are willing to help you through the homebuying process, including your real estate agent, mortgage lender, and friends and family who have been through it before.
- Don't rush into anything. Take your time and make sure you're comfortable with the home you choose. This is a big decision, so don't feel pressured to make an offer before you're ready.
- Enjoy the process. Buying a home is a big milestone, so enjoy the experience. Don't let the stress of the process get in the way of having fun.

Congratulations on taking this important step in your life!

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