Adam Roche's Blog
Purchasing a home may prove to be a long, arduous process, particularly for individuals who fail to prepare for potential house buying hurdles. Thankfully, there are several things that you can do to put yourself in position to enjoy a successful homebuying journey, such as:
1. Establish Realistic Expectations
Much in the same way that Rome was not built in a day, you should not expect to find and acquire your dream house right away. If you establish realistic expectations from day one of the homebuying journey, you can identify and resolve potential problems before they escalate.
Think about why you want to buy a home, where you want to reside and other homebuying factors. Then, you can make a list of homebuying goals and criteria. And once you have this list in hand, you can map out your quest to achieve your desired house buying results.
2. Get Your Home Financing in Order
If you find a home you want to buy but cannot quickly obtain financing for this residence, you may lose the house to a rival buyer. On the other hand, if you start a home search with a mortgage in hand, you could seamlessly navigate the homebuying journey.
To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions employ mortgage specialists who can teach you about all of your home financing options. Next, you can select a mortgage that enables you to acquire your dream residence without spending beyond your means.
3. Hire a Real Estate Agent
Oftentimes, it helps to hire a real estate agent prior to launching a home search. Because if you work with an expert real estate agent, you can gain comprehensive homebuying insights that you may struggle to obtain elsewhere.
A real estate agent understands what it takes to purchase a house in any housing market, at any time. First, he or she will learn about you and your homebuying expectations. A real estate agent then will craft a plan designed to help you identify your ideal residence. This housing market professional next will put this plan into action and ensure you can check out a broad array of quality residences. Finally, when you discover your dream house, a real estate agent will help you submit a competitive offer to acquire this home.
Let's not forget about the assistance that a real estate agent provides after a seller accepts your offer to purchase his or her home, too. At this point, a real estate agent will help you schedule a home inspection and finalize your house purchase. And if you ever have concerns or questions before you complete your home purchase, a real estate agent is happy to respond to them.
There is no telling what challenges you may encounter when you try to buy a house. With the aforementioned tips, you can minimize risk during the homebuying journey. Perhaps best of all, these tips could help you speed up your quest to find and purchase your dream home.
Purchasing a house on a budget can be difficult for even the most diligent property buyer. Lucky for you, we're here to help you create an effective homebuying budget and reduce the temptation to spend beyond your means to acquire your ideal residence.
Now, let's take a look at three tips to help you craft a property buying budget.
1. Examine Your Finances Closely
Your income, everyday expenses and other financial factors may impact your ability to buy a house. Therefore, you should analyze your finances closely to determine how much you can spend on a residence.
Once you evaluate your finances, you can establish a price range for your home search. Next, you can kick off a house search and move one step closer to acquiring your dream house.
2. Get Your Credit Score
Your credit score is a three-digit number based on your outstanding debt, length of credit history and other factors. It may have a major impact on your ability to secure home financing and establish a successful homebuying budget. As such, you should review your credit score and work to improve it before you enter the housing market.
To obtain your credit score, you can request a copy of your credit report from each of the three reporting bureaus (Equifax, Experian and TransUnion). You are eligible to receive a free copy of your credit report annually from each credit reporting bureau. Thus, you should take advantage of this complimentary perk and obtain your credit report as soon as you can.
If you identify outstanding debt on your credit report, you should work to pay this off. Or, if you find errors on your credit report, you should contact the bureau that provided the report to fix these mistakes.
3. Meet with Lenders
Banks and credit unions are happy to meet with you to discuss various home financing options. If you consult with these lenders, you may be better equipped than ever before to create a successful homebuying budget before you launch a house search.
Ultimately, lenders can help you get pre-approved for a mortgage. If you get a mortgage prior to searching for a house, you'll know exactly how much you can spend on a residence. Then, you can speed up your home search and discover your dream house faster than ever before.
As you get ready to begin your quest for your ideal residence, you may want to hire a real estate agent too. This housing market professional can put you in touch with top lenders in your area and help you secure home financing. Furthermore, a real estate agent can tailor a home search to your property buying budget. Perhaps best of all, a real estate agent will help you negotiate with a seller's agent to ensure you can get the best price on any home, at any time.
Create an effective homebuying budget – use the aforementioned tips, and you can establish a property buying budget and use it to streamline your home search.
If you’re in the market to buy a home, one of the easiest ways to do it is to look for homes that are move-in ready. Out of all the options that exist for buying real estate, buying a house that’s ready for you is a no-brainer.
The problem for many real estate agents who are helping buyers find homes is that buyers aren’t sure what “move-in ready means. It means something different for everyone. Below, we’ll discuss some misconceptions and truths about move-in ready homes.
Move-In Ready Doesn’t Have To Be New
New construction homes are indeed move-in ready, but there are a few roadblocks to buying new construction homes. First, these homes take some time to get. Many times, buyers are purchasing them and waiting months to move in. There’s also less of a selection of locations. Most new construction homes can be found in the same area because that’s where the land is. New construction is certainly an option for people who have the time to wait to move into a new home.
There are plenty of existing homes that may not need much work and have been constructed in recent years. You may not have been able to pick the colors on the walls or the types of countertops you have, but the house certainly isn’t falling apart.
Move-In Ready Could Mean There’s A Little Work
Buying a fixer-upper is worlds different from purchasing a home that’s ready for you to live. Some move-in ready homes could use some work. The work involved is only cosmetic. The walls may need some painting or the house may need some cleaning up, but everything that needs to be done will be minimal. These are the types of projects that will be involved in buying a home that’s move-in ready.
The Benefits Of A Move-In Ready Home
You can enjoy the home right away
Things like appliances and other features in the house will be newer
The home will be in a sought after location
Sellers and builders will be motivated
It's easy to enjoy the home and find newer features in a move-in ready home. New constructions homes will have the latest in everything from appliances to security. The owner will have upgraded homes that are ready to move to. More modern homes also tend to be in desirable locations. All of this not only equates to better living conditions for you an your family but better value when you sell the home at a later date.
When you have kids, the dynamics of your home change. You often go from refined to durable. If we looked at flooring from a simply practical standpoint, we’d end up with uncomfortable flooring's like ceramic, laminate, or engineered wood. That’s why carpets come in handy.
For one, children spend a lot of time playing on the floor. When you put down a carpet and there are children around, you fully expect that there will be spills, blood, and much roughing around done right on the surface. So, you’ll need to choose your fibers carefully when picking a carpet out.
Know that polyester, nylon, and triexta are among the most durable types of fibers. Stay away from wool carpets, as they are really not the best choice for homes with children. Polyester (also known as PET), is a budget friendly, and environmentally friendly type of carpet that provides stain resistance and a long life. Nylon is known for durability and softness. This is another material that’s great if you want a carpet with a long life. Triexta is a unique fiber that provides the highest amount of stain resistance and really will be soil-free.
There is another option when it comes to carpeting and that is modular carpeting. This type of carpeting can be laid out in the form of tiles. If a piece is soiled, stained, or ripped, you’ll be able to just switch out that piece of the carpeting puzzle if it can’t be cleaned. This is an option for homes with children, however, it’s not a popular choice in residential settings. Generally, modular carpeting is used in commercial settings like office buildings, and indoor public places like shopping malls. This can be a good option for you depending on the size of your home and your needs. If you have a room that’s completely dedicated to children, like a playroom, for example, you could use a modular carpet.
Treating The Carpets
There is an option to have your carpets pre-treated with a Scotchgard like chemical. This is also available for your furniture. It helps to prevent your furniture and carpets from stains and soiling, surrounding each fiber for a total protection. Once a fiber is treated, it will never wash or wear off. It’s a good option to treat your home with this especially when you have children.
Whether you decide to do wall-to-wall carpeting or simply place some area rugs around in order to make the floors of your home more durable and comfortable for children, you have some options to take the curse off of the inevitable mess that children will make.
Decorating your home as an adult can be a taxing task. Transitioning from a college student to a professional can take some time. Once you buy your first home, you may find that your tastes for decorating need an upgrade. Those old posters and funny magnets have got to go along with your more sophisticated lifestyle. The decor in your home should make you feel comfortable in your surroundings. You should express your own personal interests through the artwork that’s displayed in your home.
Pieces of artwork shouldn’t just be run-of-the-mill. You need something that will let your personality shine through. You can collect unique pieces in your travels, use personal photographs that you have taken, or simply find things that have meaning for you.
It can be sort of intimidating to dive into a more mature way of decorating but, it can be very rewarding. You’ll also learn a lot about your own style and yourself. Through this self-discovery, you’ll find artwork that you can continue to grow with in your home. Below, you’ll find some tips for choosing the right artwork for your home.
Set A Budget
Buying artwork can be an investment. If you’re a new homeowner, you may need to hold back on getting expensive art for a few years. Set a limit for how much art you want to buy and what you can afford. There are plenty of ways to get decorating pieces for your home for less money. Many stores offer artwork that can add some character to your walls. Even if these aren’t Picasso originals, they can certainly add some flair to the emptiness of a new house. Everything that adds personality to your home isn’t hanging on a wall either. Your decor includes the small figures on your tables, statues, plants, and more.
Have Goals In Mind
If you begin hanging artwork without some reason, your decorating scheme could end up being a disaster. Map out a plan for each room. Think of themes, colors palettes, and the vision for the space. You don’t want to make a serious investment in artwork only to find out that it doesn’t fit with your wall color or furniture. When choosing artwork, it’s important to consider each room as a whole.
Know That Tastes Change Over Time
If you do invest in an expensive piece of artwork, know that it may not suit your needs forever. That’s OK! You can always sell artwork and find replacement pieces over time. It’s not expected that whatever you hang in your home when you move in will stay there for the next 20 years! Artwork very much flows with our lives, so go with the flow.