Follow these 10 tips to make the home-buying process a happy one.
The arrival of spring means it’s time to start fresh. Along with pulling out your warm-weather wardrobe and tackling spring cleaning, you may have a bigger project on your to-do list: buying a new home.
Before you start on your home-shopping journey, check out these 10 home buying tips to save you both time and money.
Find the right agent
Real estate expert Joe Manausa says the key to happy spring home buying is finding the most qualified agent to guide you through the process.
With reviews available at your fingertips, finding a real estate agent you trust can be easy — provided you take the time to do some research.
Check for agents with the best reviews, and give them a call. They’ll relieve some of the pressures of home buying, and walk you through all the necessary steps.
Sure, the three things that matter most in real estate are “location, location, and location.” Nonetheless, some buyers end up purchasing a home in a location that’s not right for them, simply because they make their choice for all the wrong reasons.
“They’re looking at a house in the wrong area or the wrong school district, but they buy it because they like the kitchen,” Manausa says.
Use the new open house
The internet has completely changed the home-buying process, making it easier to choose which homes to go see in person.
With 3-D tours available on the web, buyers can tour a home from their mobile device or a computer. Eighty-seven percent of home buyers use online resources during their home search, according to the Zillow Group Report on Consumer Housing Trends.
Buy a home, not a project
Buyers who purchase a fixer-upper can end up spending the same (if not more) than they would on a new home.
“When buying a home, pay close attention to the ‘bones’ … and avoid getting caught up in the cosmetic features,” advises Dan Schaeffer, owner of Five Star Painting of Austin.
If the kitchen cabinets are in good shape, but you want the space to be brighter, adding a fresh coat of paint is easier and less expensive than replacing all the cabinets.
Ka-ching! Be a cash buyer
Sellers are more likely to choose the buyer who already has money in hand over an offer that’s contingent on a mortgage loan.
But if you can’t pay cash, getting pre-qualified for a loan can help the seller feel more confident that you’ll be able to secure financing.
Avoid disaster — get a warranty
The last thing you want after buying a home is for something to go wrong. You protect your car, so why not your home? Manausa recommends purchasing a home warranty: “[They’re] very affordable, and cover all the things that go wrong.” Your wallet will thank you.
Make inspection time count
Small problems eventually turn into big problems. The wood could rot, drains could leak, or the electrical panel may not be up to code. “Hire experts, and always get your home inspected,” adds Nathanael Toms, owner of Mr. Electric of Southwest Missouri.
If the inspection reveals issues, be sure to deal with them effectively. For example, “it’s very important that a licensed electrician makes sure all circuits work properly,” say Dana Philpot, owner of Mr. Electric of Central Kentucky.
Put safety first
No matter the neighborhood or the home, your family’s safety should always be the number one priority after purchasing a home.
“Even if the previous owner promised to return the copy of every key, it’s always a good idea to change the locks throughout the exterior of the home,” says J.B. Sassano, president of Mr. Handyman. “If the house has an alarm system, remember to change the code — and don’t forget the garage door.”
Fix common repairs
Repairs may come in the form of patching up small nail holes or weatherproofing electrical outlets. Whatever the need, Schaeffer recommends fixing the repairs before moving in your belongings. “An empty house is easier to maneuver and clean,” he says.
For bigger jobs, find a professional to complete the repairs. Sites such as Neighborly can help you find home services providers.
Add the finishing touches
The best part about buying a new house is making it a home. Change the color of the walls, update the lighting, or add a more personal touch with a photo gallery wall.
“It’s important to find the right gallery layout by measuring the wall space, which determines the size of photos you can use,” Sassano says. “Lightweight frames are the safest option, especially when hanging on drywall.”
Ready to start home shopping? Check out our Home Buyers Guide for advice and tools.