Many people shy away from buying a home, simply because they believe it will take them a long time to first, find a suitable home, and second, to actually make the purchase. It is seen as a long, expensive, and arduous process—one that can be avoided easily by continuing to rent. This does not have to be the case, however. Here are a few tips and tricks to make the home buying experience faster and easier:
- Set your budget before you start shopping. Not only will this help your real estate agent show you only homes that you can actually afford (and not waste your time looking at houses that you would never be able to buy), it will help you meter your expectations and narrow your own search for houses. Start by taking a look at how much you make and how much you have saved. There are lots of mortgage calculators online that will show you how much home you can afford based on your income.
- Make a list of wants and needs. You might absolutely need three bedrooms or a finished basement. Your needs should be things that the home you eventually buy must have. These are things that you are not willing to compromise on. Your wants, on the other hand, are things that it would be nice for your home to have—but if a house is missing those things, it is not necessarily a deal breaker, as long it has other positive features and is the right price.
- Identify your priorities. Is your number one priority proximity to good schools? Commuting distance to the office? A large kitchen for family gatherings? An open floor plan? Which things on your wants and needs list are the most important? Which are your willing to compromise on and which will cause you to turn and run from a house if it does not have them.
- Use the internet. The internet is a great resource for shopping for homes for sale these days. You can make shopping for a home much faster by looking at pictures, taking virtual walkthroughs, and digitally exploring the neighborhood, even before you set foot on the street. You will already be primed and ready to take a very focused and productive tour of the home when you arrive.