Leave a Message

Thank you for your message. We will be in touch with you shortly.

Some Helpful Insight for First-Time Home Buyers

home buyer rismedia March 30, 2024

Some Helpful Insights for First-Time Home Buyers

Owning a home is probably on everybody’s “success” checklist. Yet, it is a box that often goes unchecked for many years for those first starting in the workforce. We all know it takes more than just the desire to buy a home in this day and age—if you have not been working toward it for some years, it’s time to put your thoughts into action. Keep these insights in mind when working toward owning a home.

First and foremost are your finances. If you don’t have enough money saved up for a down payment or a steady income to pay your mortgage bill, then homeownership is still out of your reach. Of course, even with our finances in check, there is more to consider, such as appraisal fees, home inspections, closing costs, homeowners insurance, private mortgage insurance (PMI) if your down payment is below 20%, any repairs a home may need or furnishings, to name a few. Make sure you are prepared for additional spending.

The ideal home-buying scenario is when you’re not in a rush. You don’t want to rush through open houses to later realize that you’ve overlooked some important features of the home or neighborhood. You also don’t want to rush into buying a home if you’re not sure that you will be staying in the same area for at least five years. Do you anticipate a big job move? Are you applying to out-of-state positions? Then it might be in your best interest to wait until you are ready to settle down.

Becoming a homeowner isn’t an impossible feat. You just need to be aware of what your step-by-step goals should be. Short on down payment funds? Save up. Feeling pressed for time? Extend that rent contract one more year while you settle your affairs. Taking a big leap at the workplace? Do it now.

Homeownership is on people’s success checklist because it is a good investment, and it gives you a sense of pride and security. Reorganizing a few things in your daily routine will make you a homeowner in no time. Just take it one step at a time, and remember to breathe.


Recent Blog Posts

Stay up to date on the latest real estate trends.

Room

Decorating Tips for Each Room of the Home

Do you ever wish someone would come in and tell you exactly what to do in every room of your house? Consider this guide your blueprint to doing just that. Read on for … Read more

bedroom decor

How and When to Refresh a Child's Bedroom

As your child grows and enters a new stage, you’ll need to make adjustments throughout your home to keep them safe, comfortable and happy. One of the most significant … Read more

zone

What to Consider When Creating a Homework Zone

With the beginning of the school year on the horizon, the to-do list is long. Back-to-school shopping for clothes, shoes and supplies, fresh haircuts, meeting the teac… Read more

Design

Creative Design Solutions to Cool Down Your Home

When the temperatures heat up, staying cool is top-of-mind. Cooling down your home can be possible with a few strategic interior design choices. From light-colored fab… Read more

Smart Home

Smart Home Technology to Cool Down at Home

During the dog days of summer, beating the heat can feel all-encompassing. With the help of home technology, you can cool your home down quickly and efficiently. Incor… Read more

pool

Pros and Cons of Installing an In-Ground Pool

A backyard, in-ground pool can make any day feel like a vacation. It’s the perfect spot to squeeze in some morning laps, cool down mid-week after work and lounge pools… Read more

Selling

How to Showcase Your Property When Selling During the Summer

No matter where you live, the summer selling market is hot. Sellers are trying to take advantage of an increased number of buyers, higher asking prices driven by the d… Read more

Vacation Home

Important Vacation Home Criteria to Consider

If you’re ready to invest in a vacation home, there are likely many locations to consider. Finding an area to focus on can be difficult if you don’t have a set locatio… Read more

Inspiration

How to Create a Light, Airy, and Summer-Inspired Space

Summer is both a season and a feeling. It’s a time that feels easier, more relaxed and all-around lightened up. Bringing that summer-inspired feeling into your home ca… Read more

Work With Us