A daunting task, especially for first-time homebuyers, is buying a house. From the moment you decide to buy a home to closing, many steps and several legal complexities are involved. Although buying your first home should be an exciting adventure, it can often become stressful and overwhelming. Find out the best way to make it easier and more manageable. Here are the top three things to do when you buy your first Lawrenceville, Georgia home.
1. Keep Resale in Mind
You should start the process of purchasing your first Lawrenceville, Ga. home before the transaction is finalized. This is the stage when you are choosing the house to buy. It’s important to get it right, as most things, later on, will be easier.
This means that you must keep in mind the potential resale value of your home. You will need to consider certain features when buying a home, and you may be better off giving up some of the essential features to sell a more affordable home and easier home. Most first-time buyers will trade up in the future.
Here’s the advice of industry experts: “While you think about what you need and want in your home, consider what others would need and want in a home.” You should consider the potential resale values of any possible home if you plan to sell the house in the future.
“Resale value can be affected by many factors. Sometimes you may not be aware of a factor because it does not directly affect you. If you don’t have kids, it might not be important to consider the school district where a home is situated. Families who might move into your home may prefer to live within highly-rated and rated school boundaries. . . . To increase your resale price, it may be worthwhile to add these items to your wish list.
Contact Fresh Start Home Sales if you are unsure about the factors and features that will affect the resale value and potential. Call 678-337-1165 to learn more.
2. Insist on a Home Inspection
It would be smart if you insisted on a home inspection when you buy your first Atlanta home. This will provide you with more negotiation leverage and peace of mind, and it will also let you know the cost of future repairs.
A home inspection is an exhaustive examination of the condition and health of a house. It is usually performed during the sale, but not always. . . . A home inspection is a cost-effective way to determine the condition of your home. To avoid making a costly error by buying a property that needs significant repairs, it is crucial to have a home inspection.
An inspector is a professional who can help you to understand what you are about to buy. A home might appear in excellent condition and ready to move into, but there may still be problems. An inspector will inspect the house for plumbing, electrical wiring, roofing, insulation, and structural elements. They may also uncover hidden issues that might not be obvious to the buyer. A professional home inspector can inspect the property and provide insurance against any operating costs.
You can also leverage your negotiation power by having your inspection and not only relying on the sellers. If you are aware that major repairs are needed, you may be able to negotiate a lower price. You can also pull out of a deal if you are not satisfied with the results of a home inspection.
3. Plan on and Save for Closing Costs
- First-time buyers often neglect to factor in closing costs, and these costs should be considered when you buy your first Atlanta home.
- Closing costs average between 3% and 4% of the purchase price. Closing costs for buyers usually include the following: Inspection.
- Credit report
- Real estate attorney fees
- Insurance for homeowners
- For example, if you purchase a home worth $225,000 and closing costs are 4%, you will need to pay $9,000 at closing. This will not include the down payment, which could be as high as 20% or 45,000 in this instance. These costs should be kept in mind by first-time buyers, and they should save for them. Industry professionals often suggest that you put your retirement savings on hold temporarily to make sure that enough money is available to pay closing costs and the down payment.
- Also, make sure to work with an Fresh Start Home Sales.
- You may not have the experience to navigate this sometimes chaotic process when you buy your first home. Your local Atlanta agent can help, especially in these current market conditions when inventory is meager, and you might end up in a costly bidding battle. An experienced agent can help first-time buyers find the perfect home and negotiate the best deal. Contact us at 678-337-1165 if you are interested in buying your first Atlanta home.
And Be Sure to Work With Fresh Start Home Sales
You may not have the experience to navigate this sometimes chaotic process when you buy your first home. Fresh Start Home Sales can help, especially in these current market conditions when inventory is meager, and you might end up in a costly bidding battle. An experienced agent can help first-time buyers find the perfect home and negotiate the best deal. Contact us at 678-337-1165 if you are interested in buying your first Atlanta home