Things to think about when buying a new home

by | Sep 16, 2013 | Real Estate

There is little doubt that buying a home is exciting and an adventure, this holds true whether the home is for you and your family to live in or a house to add to your investment portfolio. When you are dealing with new home builders in Raleigh NC there are a number of things to take into account which can make the process even more enjoyable and stress-free. Regardless if this home is destined to be part of you for life or whether it’s going to be flipped for a quick profit, there are some rules to consider.

Rule number 1; can you afford it? A home can quickly make you “house poor” and this is something that you do not want. If the only thing in your life becomes paying for the house, then it’s probably wrong. You must make an honest assessment of your financial situation; how much down payment can you afford, what mortgage terms must you have and how secure does your future look? Only you can answer the future element but you can talk to bankers and lenders about the mortgage and the way your down payment affects it.

Consider the area you want. New home builders Raleigh NC area can build a home anywhere but only you can decide where you want to be. Eliminate everything that the real estate agent offers except those homes that are located where you want. The choice usually takes into account the proximity to schools, your place of employment, shops and entertainment facilities. Then decide what the house is to contain; how big, how many bedrooms, baths, etc? Decide on how large you want the yard to be and do you want a garage or not?

Arrange to see as many homes as possible that meet your criteria. Seasoned investors do not get overly emotional about a house but many first time buyers get all excited and end up buying the first thing they see. Don’t do this; you will only be disappointed over time. Don’t look at what is currently in the house, it is not yours. Ask yourself what your furniture will look like, can you see yourself living in and enjoying this home?

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