Buying your first place can be an exciting but often overwhelming experience. From finding "the one" to figuring out how you'll pay for it, you'll face many choices along the road to home ownership.Before you box up your belongings and prepare to put your new welcome mat in place, you'll have to do some serious soul searching. Let's explore the most common decisions first-time homebuyers face.
When it comes to real estate, the first thought that flashes through most minds is the old "Location, location, location!" But if you want a home in a coveted spot, you may have to make certain sacrifices in order to afford it.For example, if you're seeking waterfront property, a swanky pad in the city, or a colonial in a top school district, you'll quickly realize that you'll get a lot less room than you would in an area that's off the beaten path. It's a tough decision to make, so put together a list of priorities and choose accordingly.
Buying a place that needs a little TLC can save you a bundle — if you're handy and capable of working a little DIY magic, that is. Taking care of renovations yourself also gives you a chance to redecorate to your own specifications and taste.On the flip side, if you select a home that's in turn-key condition, all you have to do is put your feet up and enjoy. Of course, you'll probably pay more for that, but you can entertain right away rather than waiting for the paint to dry and the new carpeting to arrive. Both sides have their pros and cons.
Having a nest egg saved for a down payment is a blessing, but figuring out how to divvy it up can feel like a curse. While putting 20 percent down typically saves you from springing for mortgage insurance, it can feel like a heavy hit. Throwing as much toward a mortgage as possible also means you'll pay less interest over the life of your loan, but it leaves you with less in your pockets to put toward any emergencies that may pop up. Still, deciding how to spend your money is never a bad problem to have.
Moving typically ranks high up there among the most stressful life changes a person can experience, so it makes sense that someone might not want to do it more than once.Choosing between a starter home and forever home can be a real conundrum. If you're hoping to live out the rest of your days in the same space, chances are you may have to save up a little (or a lot) longer to afford it, delaying your purchase by a few months or years. Once you've got that down payment ready, you'll probably put a lot more time into your search. Starter homes can offer an affordable way to stop paying rent, just be sure to choose one you won't outgrow too soon.
If you love the idea of owning a home but dread the thought of doing all the not-so-little things that go with it, such as landscaping, snow removal, and other routine headaches, er, maintenance, you may be better off in a condo or townhome where, for a fee, those issues are handled for you.Of course, there are times when you may see -— and hear — your neighbors more than you'd wish, making you feel like you're back in your college dorm.Also, if you want to make significant changes to your place, you'll probably have to run everything past a condo board first.
Do you treasure your privacy or would you rather play the role of landlord to defray the cost of your mortgage? This is a tough choice. Rents go up over time while your mortgage stays the same, making the thought of buying a duplex an attractive one.But remember, if you live right next door and anything goes wrong, your tenant knows exactly where to find you the split second there's an issue. But, there is good news for owner-occupants in that they often have more options when it comes to mortgage loans.
If you love easy access to mass transit, cultural happenings, and a bustling world just beyond your doorstep, city living may be for you. If you prefer a quiet, residential area where you can hear crickets as opposed to blaring horns, you might want to put down roots in a suburb.Consider how you feel about your commute and what you value most. The cost in living in a city is typically higher than it would be in a suburb because of additional amenities and a superior infrastructure. So you'll have less space, but if you find that you're rather be out and about exploring, that may suit you. If you're more of a homebody who cherishes peace and quiet, a suburb could be the right move.
Author:Stephanie Gonzalez Phone: 214-454-4646 Dated: October 9th 2017 Views: 461 About Stephanie: About Halo
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“We really did enjoy working with the two of you and we will recommend you every opportunity we get.
As first-time homebuyers, my wife and I were a bit nervous about buying our first house. A friend recommended Diane and Joe to us once we started to look for a home. Diane and Joe were very responsive, meeting us on short notice that same night to give us a tour of a house we liked.
Throughout the entire process, Diane and Joe were very flexible with our irregular work schedules and became familiar with our tastes, likes and dislikes. They were both extremely helpful, knowledgeable, and always put our best interests first. This led to a very pleasant and stress-free home buying experience. We will highly recommend them when we have friends needing realtors!
Thanks Again (and the house is working out great)”
Ben and Janine L.
“I went to Ben and Janine’s new home this week and wanted to thank you guys for helping them out. They are very happy with the home!
If I can convince Danette we may rent our home out and buy another.
Anyway, great house! They love it!”
“Thank you so much for all of your help in getting us a great house! We are so excited and truly appreciate everything!
Tim and Leslie N.
"After having tried to sell our home in McKinney several different times and having dealt with several different realtors, all of which were less than desirable experiences, we finally did sell and moved to Plano to lease for a year. During the lease period, we decided to build a new home.
This time, we had the perfect realtor, Diane Tackett. What a difference having the right realtor made! We had gone through so many bad experiences with realtors. Diane was always quick to return calls and answer emails, no matter how busy she was. She was there to reassure us and was always very professional in everything she did. Unlike past experiences, I didn’t have to do the footwork for the agent. Diane was very accommodating and insisted on doing what she said was her job.
Diane went with us to every meeting we had, stepped in when needed and got things straightened out. She even got us some very nice concessions. She never deserted us, was always checking with the builder, the mortgage banker and us to make sure everything was on track. If we needed ANYTHING, she was there. Our home was completed on time as promised – but it took a LOT of pushing from Diane to get it done.
If I ever buy another home, she will definitely be the only realtor I use. And I wholeheartedly recommend both her and Joe, because I know they work well together as a team. I know you will get the same dedicated service that Harry and I got.
We love our new home and we thank Diane for helping us get there!“
Laura and Harry M.
"Diane and Joe are not only great Realtors but very good people. My wife and I were really looking to take advantage of the market and upgrade to a newer home, the only problem is we had to sell ours in the same market! And we did it! They both really worked hard to make it happen and we could not be happier with our home or our experience.
I highly recommended them both."
Heth and Danette P.
"Thank you so much for helping Jason and I find our home. We really enjoyed the process and have been busy at work painting Savannah’s room and moving all of our stuff.
You two were so much fun to work with and we just want to let you know how much we appreciate it!"
Krista and Jason H.
"We met Joe Kupke through our son John. Joe had helped him and his fiancé find and purchase a home. We were desperately looking for a house for ourselves. John was so complimentary of Joe that we thought perhaps he could help us find a home.
We engaged Joe to do just that. Since we are very picky we put him to the test. Joe was persistent in finding us something we would be happy with, and he did just that. Thanks to Joe we have a beautiful home that we are very satisfied with!"
John and Mary K.
"Diane is a delight to work with; I would definitely recommend her to others!
My boyfriend and I had spent several weeks searching with minimal success and we turned to her for help. She found the newest and best listings for us, and was very professional and thorough when showing. When complications arose, she didn't hesitate to step in and clear things up. She checked in continually and made sure everything was running smoothly and that we were satisfied. We are extremely happy in our new place, it is perfect for us! Thank you so much!"
"I first met Joe in 1984 when I was retained by Joe and his partners at Micrografx. During the past 25 years, I have interacted with Joe dozens of times and the experience has always been positive.
About a month ago, I found myself with a very difficult real estate situation. I needed to find someone who could help me and get the job done. Of the hundreds and hundreds of people I know, Joe is the one who got the call. I explained my situation and, with his great help and assistance, here we are 30 days later and my situation has been successfully resolved.
Joe is the one who made it happen. He is the man."
"After spending weeks looking through listings and seeing nothing we really liked, Diane was able to find the perfect place for us in a day - right after it went on the market! She made sure that we understood every step of the process and all the options available to us. When we had a minor issue with the move-in date, she stepped in and took care of everything needed to sort the issue out.
I highly recommend her services to anyone looking for a new home!"
"I worked with Joe when he was a CFO and I am now working with him as my Realtor. Joe is extremely professional and I have really enjoyed the process of buying a new house with Joe as my agent. He's extremely detail oriented and explains everything so there's full understanding of the process. This is my first experience buying a home and I have been very, very pleased with Joe.
I would and have already recommended him to others.
Top qualities: Personable, Expert, High Integrity"