Blog

4 Important Factors to Consider as You Purchase Your First Home

4 Important Factors to Consider as You Purchase Your First Home

When it comes to firsts, a home is one of the most significant milestones on the list.

When it comes to firsts, a home is one of the most significant milestones on the list. If you’ve found the perfect place you might be itching to get going, but before you start signing off on anything, there are a few things you must consider. Purchasing a home is a huge decision, and you’ll want to triple check that everything is in order. At Clagett Enterprises we know just how tricky home buying can be, that’s why we’ve put together our top four things to consider before buying.

Buy Within Your Budget

When you buy a home there are a variety of new expenses you will have to take into account each month, particularly if you plan to do any renovations. With that in mind, before you even start looking for the home of your dreams, you should take the time to set down with a financial advisor and a realtor to figure out what you can afford monthly. Along with your monthly payments consider, what you’ll be putting down as your deposit and how large of a loan you will want to take. Many banks will approve you for loans you cannot pay, and the risk of losing your first home due to missing payments becomes higher.

Always Do An Inspection    

Even if you expect to remodel, make sure to have the home thoroughly inspected before you move in. Some problems, like dangerously old or overloaded pipes, improper electrical work, or issues with the foundation may not be visible or might be hidden by less intense damage. If there are issues but the house is “the one” of your dreams, you may need to renegotiate the price to ensure you have enough for the repairs. Likewise, if there are no issues but it’s not cosmetically your style, make sure to budget for renovation costs.

Location

We all know the old saying, ‘location is everything,’ but there’s more to it than you might think. A prime spot on a city street means nothing if you’re hoping to enjoy your home in quiet. Spend some time getting to know the neighborhood; this means talking to the neighbors, checking out the schools, and figuring out what’s nearby. You may also want to look into if there are going to be any nearby developments happening. If the bucolic field opposite the neighborhood is about to be built up with a shopping plaza, you may want to know beforehand.   

Trust the Professionals at Clagett Enterprises for Your Realty Needs

If you’re looking for the perfect realtor for your property or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with selling your home and getting the best possible price, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook, Twitter, Pinterest, and Google+.

Tags: , ,

Comments are closed.