Three Things Many First-Time Home Buyers Don’t Think About

Published On: December 27, 2017|Categories: Blog, Evansville, Ferdinand, Home Buyers, Jasper, Jasper IN Homes for Sale, Jasper IN Real Estate, Newburgh, Santa Claus|Tags: First Time Home Buyers|

If you are in the market for a new home, consider these three helpful tips. First-time home buyers often don’t consider these things without a housing counseling course. Still, they are very important things to keep in mind.

EXAMINE ALL EXPENSES, NOT JUST THE HOUSE PAYMENT

When you are considering a home, don’t just consider the house payment. Don’t only look at the mortgage, taxes and insurance. See, the cost of utilities matters. The cost of your daily commute matters. You can even call the utility company serving the neighborhood and get an estimate. Figure out how far your potential new home is from your work. Budget for gas money. Also budget for trash services, homeowners association costs, and necessary upgrades.

EXAMINE THE HOMEOWNERS ASSOCIATION CONTRACT

Just because you love a community of homes doesn’t mean you will be happy with the rules. If your potential new home requires that you join a homeowners association, read the full contract. What if you want a garden but they don’t allow it? What if your association won’t accept your dog? What if you planned to put up a screened in porch, but that’s not allowed? Maybe you have a boat and planned to keep it parked in the driveway. What if that is against association rules? Know the rules of the association to be sure that it is the right fit for you.

MAKE A LIST OF MUST-HAVES

Before you check out a new home, make sure you know what you absolutely must have in a home. Make a list. See, sometimes when shopping for a first home, buyers can get so excited, they don’t consider everything they need in a home. A list of essentials will be helpful. It’s also helpful to your realtor. Could you be swayed into a longer commute only to regret the decision once you’re finally in your home? Maybe radiant heat is important to you. Would you fail to remember this if you love other aspects of a home?

Welsh Realty Corp. has many trained real estate experts available to help you find a home that is perfect for you. Contact us today!