How to Guide for First Time Home Buyers
As you prepare to purchase your first house, there is a lot to learn. Often, people spend more time deciding what LCD television to buy than they will on their new home. Sure, they may look at many houses before making a buying decision, but how much studying did they do about that particular house before they bought that real estate?
When purchasing a television, you do your homework, read reviews, visit discussion forums and compare models.
Then you narrow it down and pick the model with the attributes you need at the price you want to pay.
With houses, the comparison is not so simple. There are no comparisons that you can download from the Internet preloaded with data to aid you compare two different houses side-by-side. Even if they were out there, it may give basics – taxes, lot size, etc., but you would still need to do your own analysis to make sure the information is accurate AND to review dozens of features inside the home.
First, educate yourself on the home buying process. Visit www.HomeBuyersGuide.com and download the free guide that talks about the home buying process. Read through the guide – a 100 page PDF – a wonderful guide for purchasing a house.
Next, decide on your area. If you’re purchasing Commack real estate, for example, be ready to compare different homes. Don’t just walk through, look around and then try to remember the details days and weeks later. Prepare checklists (examples are included in the guide you can download) that you should take to every house you visit. Take notes of the number of bedrooms, the size of the rooms, the layout of the kitchen, appliances and more. Look at the landscape. Is it appealing?
Does it have to be redone? These are questions that you not only need to ask, but also need to track.
You may set up a spreadsheet using Excel-were you simply set-up a chart on a piece of paper with a ruler. On the left side, create a list of all of the attributes that you may find in the house. If you want a master bedroom plus 4 more, list those.
Drop columns going down the page, one for each house.
Taking notes in the corresponding box for each home so you may sit back after looking at many homes and make a good comparison.
One of the ways that house purchase get themselves in trouble – particularly first-time home buyers – is that they fall in love with the house and oversight the problems.
These issues start cropping up on the week that you move-in and, at that time, it’s generally too late to deal with them.
How do you avoid these problems? Well, with new construction you will have less problems. Why? Because the house is new. What generally runs better, a brand-new car or a 10-year-old car? The answer is obvious. All issues can of course happen with a new car, they’re far more likely with the used. The same thing applies to houses. The older the house is, the more likely that you can have problems. New houses, while priced marginally higher, can usually have far fewer issues.
For example, with Manorwood Estates in Commack New York, a small development with energy Star certified houses, all houses are newly built. You can examine during construction to make sure that things are going as expected. Once completed, these houses – built to energy Star specifications – can have few problems if any. If they do, you’re still in contact with the builder who is given a warranty on the home. As issues appear, contact the builder who will promptly correct them for you.
Don’t underestimate the worth of the warranties, including warranties on the appliances. If you move into a older house with a 20-year-old refrigerator and that refrigerator quickly dies, your only remedy is to go purchase a new refrigerator. If your home has a new refrigerator with a warranty, it should be fixed at no expense to you.
As you go forward, educate yourself. Read the guide. Create checklists of questions and features and bring them with you to each home you look at. Write down everything. In the end, it will aid you objectively identify the ideal home for you and your family.