6 Homebuyer Checkpoints You Can't Overthink

Posted on: in [ General, Mortgage ]

If you're new to the home-buying process, you may have very definite ideas about what you want in a home, but you may be overlooking some important features. Here are six considerations homebuyers are most likely to think about after the fact.

  1. TOO BIG? TOO SMALL? JUST RIGHT?
    Think about the future when you're creating a wish list for your new home. If you're planning on a population increase in your family - babies, in-laws, perpetual house guests - make sure you buy a house that can accommodate additional bodies or that has potential for expansion. If you are soon to be an empty nester, consider how much house you'll need when your headcount goes down.
  2. THE NEIGHBORLY THING TO DO
    Check out the neighborhood. Do your potential neighbors take good care of their property? How are the schools? What's parking like? Are you near shopping, restaurants, an airport? Do you need to worry about flooding?
  3. THE GRASS IS ALWAYS GREENER
    How much yard is right for you? A big yard means room for pets and kids to run around, but it also means more time mowing and tendinig to landscaping and gardening. Maybe you love working outdoors. But then again, maybe you don't.
  4. IS THE PRICE RIGHT?
    Check online to see how the price of your potential new home stacks up against others in the neighborhood. The price you pay should be based on a logical decision, not a rationalization driven by a twitterpated heart. Talk with a lender to see what you can afford before you get started.
  5. A PLACE FOR EVERYTHING AND EVERYTHING IN ITS PLACE
    Don't sell yourself short on space. Starting with the kitchen, is there cabinet, pantry and counter space for your dishes, gadgets and groceries? Will there be space in your bedroom closet to house your copious shoe collection? Will both cars, a lawn mower and a snowblower fit in the garage? Is there room to make more room?
  6. HOMEBUYER EDUCATION
    Stop in to visit with one of State Bank's experts to get educated on the homebuying process.  You can also check out MGIC's Beginner's Guide to Homeownership here. It has great tools and resources - like a Homebuyer's Checklist, a Spending Planner and calculators. It can make the home-buying experience a better one for you and make you a better homebuyer.

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