Buying your first home is exciting but don’t ignore the financial
aspects of your purchase. Using a real estate professional can guide you through the process. First and most important, don’t wait to get pre-approved for your loan. While you are “just browsing”, the perfect home may show up and you want to be ready. The inventory is low so the competition is high.
While negotiating your purchase, don’t forget about closing costs.
The seller may not be willing to help with your closing costs so that will be an expense in addition to your down payment.
Also, after you close on your home, you will have monthly costs in your payment such as taxes and insurance and, in some cases, homeowner’s association fees. And don’t forget about water and
Now that you have the keys to your dream home, day to day life happens. So prior to moving in, think about these things.
Cleaning a home is much more challenging especially if you are coming from an apartment. So don’t forget about a broom, dust pan, mop and vacuum cleaner for all the extra rooms you have.
And now you are responsible for any repairs to your home – no landlord to help you! Start your tool collection with the basics
such as hammer, nails, screwdriver, etc.
The fun part of a new home is that you can do what you want with the interior. Small accent pieces such as vases, photo frames or drapes can start your design with a splash of color.
Now that you are a homeowner, everyone wants to come see your home. So be prepared for entertaining with serving platters, wine and cocktail glasses, dishes and cutlery. A trip to the dollar store can help with that.
Congratulations on your first new home. Nancy Nelson, JP & Associates Realtors, at 803-331-0635.