If you’re like many of us, buying a home isn’t something you just woke up one day and decided to do. Buying a home is often the culmination of many years of hard work and saving, and taking
4 Things You Need To Do Now If You Want To Buy A Home In The Next Year
If you’re like many of us, buying a home isn’t something you just woke up one day and decided to do. Buying a home is often the culmination of many years of hard work and saving, and taking taking the time to really decide to be a homeowner. If homeownership is in your near future, here is what you need to do to get prepared.
1. Find the neighborhood you would like to move to
If you aren’t already, start getting familiar with potential neighborhoods and narrowing down your search to one or two neighborhoods. Spend a lot of time in each potential ‘hood – walk around at night, check out any restaurants, and talk to neighbors to really a feel for things. This will make your search much more efficient if you aren’t spreading yourself thin and spending time looking all over the city.
2. Decide what kind of home you’re looking for
Start to think about what you want to do in your future home. Is hosting dinner parties important? Do you need a spacious guest room? Make a list of “must haves” and “wish list” items. Check out open houses in your neighborhood to help you decide what kind of layout you like.
3. Check your credit score
If your credit needs some work, don’t worry! It can be repaired, but it can take 6-12 months to get it to where it needs to be. If you don’t have credit, consider working on building it – find out how to do so here
4. Speak with a lender
A lender will be able to tell you how much you can afford based off of your salary and savings in just a few minutes. This will help you get a feel for what you can afford (and maybe help you in your choice of neighborhood) and help you set goals of how to much to save before taking the leap.
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