Buying your first home is an important milestone in your life. It can help you build wealth and start developing permanent ties in your community. However, home buying can also be stressful. Fortunately, there are many things you can do to make it easier and more fun.
1. Know the Difference Between New Construction and Resale Homes
When you buy a newly constructed home, you have a lot more to consider than when you purchase a resale house. In addition to the differences in pricing, there are other factors that affect your decision-making process, including how much protection you want against major repairs and whether you can afford the upfront costs of a new-construction home.
2. Size is a Big Deal: Don’t Make Mistakes in Planning Your New Home
One of the most important tips for new-construction homeowners is to think long and hard about the size of your home. Ideally, you should aim for an affordable yet roomy place that is still roomy enough for future remodeling and expansion.
3. Be Sure to Get a Mortgage Preapproval Before You Begin Your Search
When shopping for a house, it’s important to work with a real estate agent who is knowledgeable about the local market and has experience in home building. A realtor can help you determine what you’re looking for and make a solid offer to secure your dream home.
4. Don’t Buy More Than You Can Afford
One common mistake first-time homebuyers make is to borrow too much money. This is especially true when they are taking out a first mortgage, but it can occur with any type of loan. To avoid this, you need to get a mortgage preapproval and stick to the 25% rule, which states that you should only borrow no more than 25% of your income or your home’s appraised value.
5. Look for Builders Who Have a Reputation for Customer Service and Satisfaction
When it comes to building a home, the quality of construction can mean the difference between a good buy and a bad one. To find the best general contractor in Boise, do some research and speak to real estate agents in your area about their experiences with the builders they’ve worked with. If your looking for a general contractor in Boise who could help you in your project visit https://www.cedarandsagehomebuilders.com/.
6. Ask For a Warranty
Most builders have warranties for specific structural, mechanical and electrical components that last at least a few years. This will protect you from unexpected expenses when a part of the home breaks down or becomes unusable.
7. Hire a Buyer’s Agent
You should always hire a buyer’s agent when you are purchasing a new home. Your real estate agent will be able to negotiate with the builder’s sales staff and ensure you are getting the best deal possible.
8. Check the Construction of Your Home
Before you sign any paperwork, have a licensed builder inspect your new home to make sure it’s in the condition that you signed on for. This will give you peace of mind and a chance to back out of the contract if there are any problems.