Moving Up In Life: Five Things You Need to Do Before You Buy Your Dream Home
You’ve found your dream home and you’re looking forward to making the big move. The final offer has been accepted, and you’re moving into the next stage. You may be looking forward to locking in your interest rate, but you might want to slow down just a little. Before you sign papers and make this deal official, there’s a few more things you should do.
Can you Afford the House?
Once the financing is approved, you know what your payment will be, but can you really afford the new note? Consider meeting with a financial adviser to ensure that this move is in your best interests financially. If you’re going to be house-rich and cash-poor, then you might want to just stay put for a few more years.
Pay for the Inspection
Have the house inspected before you move in. You can get a list of home inspectors from the realtor, but you may be better served by hiring one that’s not recommended by the local realtor. Look for a certified, experienced inspector. If possible, see if you can get a recommendation on an inspector from a friend. The inspector will look for serious structural or safety issues that need to be corrected.
Check for Pests and Other Problems
The basic home inspection looks at the structure, but you should also pay for inspections that will look for evidence of pest or other problems. These inspections for radon, mold, termites and other pests will cost a little more, but the peace of mind they provide is invaluable.
Insist on Professional Repairs Ahead of Time
Almost any house you look at is going to have some kind of problem. It could be a loose railing that needs tightening or a leaking bathroom sink. Insists on having the repairs handled by professionals before you move in. A Seaford plumbing contractor can correct plumbing issues, and professionals electricians should be called in if there are issues with the home’s power. When you have repairs fixed by the professionals, you won’t have to worry that problems have been hidden under a coat of paint or improperly addressed.
Start A House Savings Account
Establish a savings account just for repairs, improvements and renovations. You’re going to want to make changes to the home, and something will eventually break and need to be fixed. The best part of your household savings account is that you don’t have to wait until you buy a dream home to start one. You can start putting money in the account today so the funds will be available when you do move into your forever home.
Buying your dream home is exciting, and you’re probably looking forward to making the move. You want to avoid making a costly mistake, and these tips will help ensure that you’re prepared for the transition. If you’re started looking for your dream home, follow these tips to ensure that the process is a pleasure instead of a nightmare.
April Labarron is a native of Southern California. She has her BA in English/Literature from MSJC in Menifee, Ca. She views her freelance writing, not only as a career, but as her passion. Other areas of interest include; movies, food, singing, soccer, traveling, shopping and a continuous desire for learning. She lives on her own and is accompanied by her Pomeranian named, Elvis. She currently resides in Temecula, CA.
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Category: Family Finances, Housing
