If you’re an apartment renter ready to take the plunge into home ownership, there are a lot of reasons to be excited! Owning your own home does bring with it additional work and responsibilities, but the feeling of pride that accompanies it makes it all worthwhile!
Once you get used to the idea that “the buck stops here” and that there’s no landlord to handle repairs and maintenance any more, it won’t take long to get into the rhythm of being an established property owner. Here are a few tips to help ensure that your first experience with home ownership is a satisfying one.
- Get a good real estate agent. A real estate professional can provide you with valuable guidance, advice, and information about houses you’re considering in your desired neighborhoods and price ranges. A buyers’ agent can help you avoid many of the potential pitfalls of buying your first home and help you stay within budget. They’ll assist you in clarifying your priorities and work on your behalf to find homes that meet your requirements. A service-oriented agent will not only point out the positive aspects of houses you’re considering, but they’ll also discuss ideas for adapting the home to your specific needs and lifestyle.
- Hire an experienced property inspector. A seasoned home inspector can take a close look at the condition of the house and property you’re considering and help make sure there are no major structural defects, safety issues, or operational problems with the home’s systems and components. Although every property inspector approaches their job a little differently, their inspection service should include everything from the roof and foundation to the plumbing, electrical, and HVAC systems. They may also report to you on the condition of the home’s insulation, its exterior, and any existing or potential drainage problems on the property. Certain aspects of the house may be excluded from the inspection if it’s difficult or unsafe to gain access to them. A top-notch home inspector can also provide useful insights into repairs that need to be made on the house. As a side note, professional property inspectors are often members of The American Society of Home Inspectors and follow the organization’s Standards of Practice.
- Visit a lot of different houses for sale before making a final decision. It also pays to have a checklist with you to keep track of how each house stacks up to your requirements and expectations.
While your emotions will invariably play a role in your final choice, many other factors should also be taken into account, including the character of the neighborhood, proximity to conveniences and shopping, and the quality of the school district. Your real estate agent and/or the U.S. Department of Housing and Urban Development can provide you with a handy checklist for evaluating and comparing homes for sale.