Blush and Copper Elegance Styled Shoot

Saturday, December 21, 2019

Remember These 5 Things Before Buying Your First Home

Either before or after your wedding you are going to probably consider buying a house!

Owning a home is one of the so-called Great American Dream and for good reasons. Renting an apartment, especially in big cities such as New York and Los Angeles can be quite a strain on your monthly finances. Plus, the fact that you're not the owner of the place you're renting out makes things uncertain since you can be evicted by the owner.

One avenue that you may consider to have the money for your planned purchase is to take out aloan for first-time homebuyersif you live somewhere in Corpus Christi or nearby areas. There are companies that offer a low credit loan, a general mortgage loan, and of course, a first-time homebuyer loan.

But, let's say you have the money saved up for the purchase or you have already taken out a loan, what are the things that you must consider before closing a deal?

Determine your budget

One of the most important things to consider is just how much you can afford to spend on your first home. Whether you're paying in cold cash or taking out a homebuyer's loan, it's crucial todetermine your top-dollar figurefor the home you're aiming to purchase. What's the highest amount that you're willing to pay for your dream house?

Once you have come up with a definite price range, you should be able to stick to it. It would be quite a daring move to go way over your set budget especially if you will end up sacrificing a lot of things for not sticking to your budget.

Consider the community

Is the listing located in a friendly community, or are the neighbors somehow shady? Are there malls, convenience stores, markets, and transportation services nearby? Can your kids go to nice schools and can you exercise in a community center or a gym close by?

In short, you have tofactor in the kind of communitythat the house you wish to buy is located at. If you have a family or if you're planning to have kids in the future, such a consideration can be a deal-breaker or a deal-maker.

Do your research, especially if you're taking out a loan

You should do due diligence bydoing some researchprior to taking out any loan. By doing so, you won't run the risks of hurting your credit score or getting the shorter end of the stick.

You should know that giving a 20% down payment is not mandatory or that an appraisal is actually optional. These things matter because being uninformed about the factors concerning your loan could hurt you financially and emotionally in the future.

Inspect the home thoroughly

You don't want to end up paying a huge amount of money for a home that has a lot of undesirables, right?

You see, no matter how gorgeous a house looks like from the outside, it may not be the same outside. For this reason, it's critical that you thoroughly inspect the home for signs of damages or for things that would need repairs. It's either the seller performs the repairs first or you work out some deals to cut the asking price commensurate to the amount that you'll be spending on the needed repair jobs.

Compare listings

By comparing homes that are close to your budget and taste, you'll have the chance to see which one is the best in terms of pricing and features. Hold your horses and don't jump on the first listing that gets your attention. You might regret it later when you see others that are far better than the one you just bought.

Just keep these things in mind and you should have a hassle-free experience buying your first home. You are sure to thank yourself in the future for doing so.

Photo Credit:

For help planning your perfect wedding contact or call 
Visit our website at and "LIKE" our Facebook page at or follow us
on Instagram at www.instagram/com/yourethebride

No comments: