The Top 5 Things To Know Before Buying A New Home

Happy family with sold sign in front of new home
  1. Understand Your Budget

Determine how much you can afford to spend on a new home, factoring in your downpayment, mortgage payment, insurance, property taxes, and other costs. Get pre-approved for a loan so you know your price range when house hunting. Remember extra expenses like moving costs and furnishings.

 

  1. Define Your Must-Haves

Make a list of the features you absolutely want in your new home, like number of bedrooms/bathrooms, location, yard space, garage, office, etc. Distinguish these from nice-to-haves so you focus your search effectively.

  1. Research Neighborhoods

Look into details like school districts, average home values, crime rates, local amenities, and commute times to find the right area for your family. Drive around neighborhoods you’re considering at different times of day.

Happy family with sold sign in front of new home
  1. Find a Realtor You Trust

A knowledgeable real estate agent who understands your needs makes the home buying process smoother. Interview a few agents before selecting one. Make sure they have experience with new construction in your desired locations.

  1. Get Pre-Approved with a Lender

Work with a lender to get pre-approved for a mortgage in advance. This gives you a better bargaining position with sellers. Compare multiple lenders and loan options to find the best rate and terms.

Buying a home is a big step, but it should be an exciting journey! The experts at Newhomeknowitall.com are here to guide you each step of the way. Contact us today to start the process or get answers to any of your home buying questions.

Happy family with sold sign in front of new home
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