TOP TIPS FOR HOME BUYERS FROM A PRO

PURCHASING A HOME CAN BE OVERWHELMING

By Ashley Chorpenning

tips for buying a home and insurancePurchasing a home can be overwhelming. There’s always the possibility of obstacles or unexpected expenses throughout the process. Whether you’re buying your first or fifth home, our experts have a few tips for homeowners:

  1. ESTABLISH A BUDGET FOR YOUR MORTGAGE
    Your mortgage is a large portion of your monthly expenses. You want to be sure it’s factored into your current budget so you don’t break the bank.
  2. UNDERSTAND THE HIDDEN COSTS OF BUYING A HOME
    Above the purchase price of the house, you have to pay additional fees including title insurance, mortgage insurance, legal fees, and more. Have your real estate agent estimate all of the additional costs before purchasing your home. This will give you a better idea of what to expect and what you can truly afford.
  3. WORK WITH A REALTOR YOU TRUST
    Real estate agents help you search for homes, help you negotiate the final contract, and provide professional guidance for selecting a suitable home. Working with a real estate agent you trust can save you time and money.
  4. ALWAYS DO A HOME INSPECTION
    Whether you’re purchasing a fixer-upper or a brand-new home, you need to be aware of any hidden problems. You can make your contract contingent upon passing the home inspection to provide yourself with some protection. Additionally, you may want to ask the seller to fix any problems that are discovered.
  5. TAKE A WALK IN YOUR NEW NEIGHBORHOOD
    The best way to get to know your new neighborhood is to take a walk around the community. This will give you a feel for the noise, traffic, and neighbors you’ll encounter while living in your new home.
  6. THINK ABOUT THE RESALE VALUE OF YOUR HOME
    Your home is an investment, you need to treat it like one. Make sure that other buyers will find it appealing in the future. In addition to ensuring the home’s systems are in good shape, you may also want to consider up-and-coming neighborhoods, good school districts, and family-friendly floor plans.
  7. WHEN PURCHASING A BRAND-NEW HOME, DO YOUR HOMEWORK
    When builders are mass producing homes, they may cut corners. Make sure your builder is using quality materials so your home is built to last.
  8. UPDATE YOUR HOMEOWNERS INSURANCE
    While finalizing the details of your new home, make sure you contact your insurance agent to update your homeowners insurance policy. This will help ensure your new home, and your possessions inside, are covered.

Purchasing a home doesn’t have to be a huge challenge, but you need to do your homework when making such a large investment. Do your research and work with the right people to ensure you find a home that’s suitable for your needs.

More Resources Request a Quote Locate an Agent

Related Articles

myths about renters insurance

Common Myths about Renter's Insurance

Do you know the myths and facts about renter's insurance? Understanding your coverage can help you make the best decision for your insurance needs.

Read Article
8 security tips

SECURITY TIPS FOR WHEN YOU’RE AWAY

Have peace of mind while you’re traveling by following these home security tips that can help decrease the possibility of a burglar targeting your house.

Read Article
should you hire a contractor or DIY

IS CONTRACTOR OR DIY BEST FOR YOU?

Owning a home can be expensive, especially when it comes to unexpected repairs. But how do you decide if it’s something you can do yourself, or if you need to hire a pro?

Read Article