Buying a new home is most likely one of the biggest investments a person will make in their entire lives. Obviously, with so much capital on the line, this isn’t a decision that you can change your mind on later down the road. To make sure you are satisfied with your purchase, it is important to do your due diligence before making a decision. When you know what kind of home you want, The Mortgage House will be here with home loans in Buckhead. In the meantime, here are some tips for finding the perfect home.
First thing’s first; before you can start looking for a home, you have to know how much you can feasibly spend. Once you have determined the maximum amount you can spend a month, it is important to discuss with your lender what your options are. It may be tempting to start looking at homes at the upper end of your budget, but remember that there are a lot of unexpected costs included with owning a home. You’ve got the principle of the home, interest, taxes, insurance, maintenance, repairs, and probably much more. You will almost certainly need a sizable down payment for the home as well, with most people putting down 5-20 percent or more. A high credit score is a great way to lower some of these costs, so working on improving it while setting your budget can be a productive strategy.
Once you have all of your financial affairs in order, it is time to start doing due diligence on your home and financing options. First, you will need to find a responsible lender who will take care of your needs. Here at the Mortgage House, we have years of experience helping new homeowners find and finance their dream property. If you are looking for home loans in Buckhead or the surrounding areas, we are the people to call. When you hire us, we will help you get pre qualified for a mortgage so that you can start your home search.
Once all of the financial prepping, organization, and research is out of the way, it is time to start the house hunt! There is a lot to consider when choosing the features of your home. Often, it is best to start with the biggest, most sought after features you want, and list down to the minute features. That way, you can easily focus on the big things at the top of your list, but still have a comprehensive total of the features you want. For instance, start with the locations you want to move to, then the size of the house you want, then the big features, then little features.
There are also many tips that home buyers should be aware of. For instance, while many people gravitate to the biggest home in a neighborhood, this can actually be a bad investment decision. This is because the house will appreciate less value than the homes around it, and will likely be much harder to sell should you decide to leave. Another mistake new home buyers often make is not getting a survey done on their property. This can lead to border disputes, which can turn into costly legal battles. Along with a home survey, a home inspection is another must have service you should perform. The layman is usually unable to spot serious structural issues in a home, so it is best to leave that up to a professional. You don’t want to invest in a home, only to find out that it needs tens of thousands of dollars in repairs. In the end, remember that you are purchasing a home, not dating one. Don’t make a decision based off of emotions or cool features, just try to get some distance, and try to think through your options thoroughly.
Looking for home loans in Buckhead? The Mortgage House can help! For more information on our residential loan services, and how they apply to you, please do not hesitate to give us a call at your earliest convenience. One of our friendly and knowledgeable representatives will be happy to answer any questions that you may have. We look forward to hearing from you!