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Buying a Home

Buying a home is one of the most important things that any individual or couple will ever do in life. Not only buy a home one of the greatest things you can do for yourself or your family, it is one of the greatest investments that you will ever make. The value of your home will continue to rise as time goes on, making your home a valuable way to grow your money. Buying a home may seem like a scary thing to do at first, but with the right information and planning, your home purchase can be a very exciting and empowering event.

The first thing that you will want to look into is the area that you will be purchasing your home in. When you are buying a home, you must make sure that the area it is in has a close proximity to your work, schools, stores, and more. You want to make sure that the area you are in has a good track record for low crime, safety, and other key features. There may be geographic things on your wishlist as well, such as living close to the ocean, or living high up in the mountains.

When you are buying a home, you need to make sure that you are spending withing your budget. There are many mortgage calculators available on most real estate websites. These mortgage calculators will give you a good representation of how much a certain home will cost each month. A good rule of thumb is to make sure that your monthly mortgage payments is anywhere from 25%-35% of your monthly income. This gives you a lot of room to continue to save and pay for other necessary things in your life.

When you are buying a home, you will want to make sure that you have a home inspection. This is especially pertinent when it comes to buying an old home. Having a professional home inspector come to your home will give you the ability to truly see if this is a good home to get into. Without you being able to see, there may be different reasons why this house is structurally unsound. As well, there may be electrical or plumbing issues that will cost you thousands of dollars to fix. You will always want to make sure that there are no cracks on the foundation, or that the roof does not need to be replaced.

When purchasing a home you need to team up with a real estate agent that you trust. If at all possible, try teaming up with an agent that you have used before. If you are looking for a new agent, it is a good idea to find someone who belongs to the national board of Realtors. This will give you the peace of mind knowing that they have been held to a higher standard of ethics and morals. Having the right agent in your court can truly make a transaction be a beautiful process.


Joe Canestraro NMLS # 219951,OH #LO.001509.000; FL #LO24523, Branch Phone 330 865 9600 Ph. Ext. 1
Home Loans and Refinancing for the States of Ohio and Florida.
The Money Connection, a DBA of Polaris Home Funding Corp. NMLS #38072, Phone (616) 667-9000.
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