Perhaps it's the first time you're looking to buy a home, or maybe it's an essential upgrade you've decided to invest in since your family is getting bigger. Either way, choosing the perfect home is a huge decision and is one of the most important financial steps you're ever going to take.
The arduous process of finding the perfect home can be a headache for any house hunter. Therefore, it seems normal to look for all the essential details.
We have put together expert tips to help you; read on for professional advice from Tim Stout and his associates at Fayette and Coweta Homes that explains how to find the right house.
What Makes the Perfect Home?
A house is a significant investment; therefore, you want to be 100 percent sure that you're making a flawless decision. How will you know that you've found the right property? Well, this can vary by person; some people have gut instincts; others may require more convincing data before making up their minds. You can utilize a series of metrics and parameters to reveal whether you've found the right property or not.
The Right Home Suits Your Budget
Your budget is finite; consequently, you are limited in your choices. Thus, before beginning to look for homes, you should sit down with a professional or a mortgage broker and check your financial situation to evaluate the down payment you can afford or how much debt you're comfortable being in and can realistically afford to pay back.
Maybe the most crucial factor to keep in mind is that you should never put yourself in a challenging position where you might struggle to make ends meet each month. Your home should be a place of comfort, not something that fills you with dread every time you see the mortgage bill. If the price of your perfect home lets you breathe a sigh of relief, then that's a good indicator you've made the right decision.
Your Must-Have List Is There
Considering your budget, you'll probably realize that some prioritizing is necessary. After all, you might not be able to afford a big house with four bathrooms, five bedrooms, and an enormous garden. With that in mind, you should determine what your "must-have" elements are and what your "nice-to-have" items might be.
The ideal home will be the option that checks off all other deal-breakers on your list and simultaneously covers a few of the nice-to-have ones.
This list can vary from different people's perspectives, of course. Nonetheless, there are some vital things the customers should consider, including the location of the property; is it close to work? Does it have sufficient bedrooms for the whole family? Is the kitchen large enough to entertain in? Does it have an extra bathroom or a theatre room?
You Lose Interest in Seeing Other Options
When it comes to answering the question of how to find the perfect home, one of the signs implying you are on the right track is that you no longer care about trying other properties.
When you begin to search for the perfect home, with a little luck, you will discover that there are a lot of options out there that meet your budget. As soon as you find the right place, though, you are no longer interested in exploring other options. In the blink of an eye, all the excitement of property hunting goes out the window.
Even if you decide to see the other homes in your local area, the perfect one will be on your mind throughout the whole viewing process. You might even find yourself comparing other properties to the house you adore, telling yourself that the other kitchen was more equipped.
A Great Neighborhood
It's great to praise a house for its built or fall in love with it for the number of spacious bedrooms it has; it's also essential to remember that you're not purchasing a property in a vacuum. In other words, when you invest your budget to buy a house, you're also investing in the neighborhood. Don't forget to check the surrounding area and make sure you are satisfied with it before considering making an offer somewhere.
Try to answer these questions: Is there a right school nearby for the kids? Is public transportation accessible in case you don't want to use your car? What about the neighbors? You can knock on several doors and check if you're going to get along with the people living next to you.
Try to explore the area carefully. You should be on the lookout for essential amenities such as banks or grocery stores. Fun hot-spots like parks, gyms, cafes, and restaurants are also of great importance when it comes to the evaluation of a neighborhood.
Last but not least, examine the nitty-gritty details such as the crime rate in the area and whether it's noisy in the evenings when you would rather be relaxing in peace.
What Else Is There to Consider?
So, now that we’ve gone over how to find the perfect home, the next consideration is, how realistic is this home for you and your family? Answering this question can be one of the most critical challenges of your life. After all, you might spend the rest of your life there. If you find your dream home, there are still more essential points to consider before you purchase it.
Have a Long-Term Strategy
A vital factor to remember when you're buying a property is you're not just purchasing the house for a short-term stay. In other words, you'll need to make sure that any home you're thinking of buying is good enough for the life you envision having.
For instance, there should be a spare room for the kids in case you're planning to have children. If you're thinking of launching your own business or spending more time working from home, you should have the option to convert the basement or one of the bedrooms into an office.
Consider the Fundamentals
Make sure you have a clear understanding of the essential elements as well as superficial aspects. For example, you can always change the color scheme of your home, but there is nothing you can do about the square footage.
See the Trade-Offs
It is unlikely to find a property with all the details you wish to have, so you will have to make trade-offs. Consider them as opportunities, for instance:
- Many people don't like to live near a school because of the noise, but if you are always out during school hours, it won't matter.
- You may pay a higher premium for off-street parking, which decreases car insurance expenses, but do you really need it?
- If you don't have a big budget and like to live in a central location, living in an apartment above a shop could be a perfect choice.
- People often spend too much on a garden, but if you aren't into gardening, it won't be money well spent.
Find the Right Real Estate Agent
Most real estate agents are honest and friendly, but you should still confirm and verify your agent's credentials. Take time to search and find the best agent. Qualified and competent professionals can save home buyers' time and money.
Transactions can also be tricky; the right real estate agent can navigate you through a challenging real estate transaction and do the heavy lifting for you.
The Bottom Line
Since properties are substantial investments, discovering the perfect home can be a burdensome task. Thinking of a game plan around the features you want to have in your new home is the key to success. It's worth making sure that your house meets all your expectations and satisfies you well into the future.
Even though you should always be ready to compromise when it comes to finding the perfect home, remember that a property that doesn't meet your programmatic needs is not worth buying.
As soon as you've found the right home, and after considering all the details and document verification process, you should act quickly. Good properties are like ripe and tasty apples; they will be gone in no time.
If you still require additional tips on finding your perfect home or looking for a reliable source for real estate market information and updates, Tim Stout's team is always there to show you how to find your perfect home.