5 Things Guaranteed to Improve Confidence When Buying a New Home
Making the decision to purchase a home for the first time is a big first step in every person’s life. It might seem a little bit intimidating at first, but with the right advice and an understanding of how the process works, it’s a lot easier — and more rewarding — than you might think.
If you’re worried about buying a new construction home, take these five tips with you as you start your new home search. You’ll be surprised at how just a little bit of confidence makes the entire experience that much more fun.
Planning Your Budget Before You BeginStart a spreadsheet or just get out some paper and break down your current income and obligations. Then, think about how much you’d like to or will be able to pay per month and measure it against an online estimate (this affordability calculator from Zillow is a great place to start).
By outlining your entire financial situation and painting a realistic picture of where it’s going, you can better judge where to start looking.
Prioritizing What You Want from Your New Home and Your NeighborhoodIf you’ve chosen to build your new home, it’s important to remember that you can work with your builder to get as close to or exactly the home design you have in mind. But getting all of your must-haves in your home is only half of what you should be looking for.
Spend some time thinking about everything you want from your new home but don’t overlook the qualities of your ideal neighborhood. Do you want a big backyard? Are in-community amenities important? Do you need to live closer to work, or is being away from the hustle and bustle more important to you?
Once you decide on which community features are absolutely necessary and which ones are open to compromise, you can then narrow down your search to a specific area and communities of interest. You’ll find that things get far easier in your new home search when you’ve pinpointed the things you need from the place you’ll call home.
Keeping an Eye Out for Special Builder IncentivesIf you’re starting your home search in or right before spring, you’re in luck! Many homebuilders get especially generous with special incentives and offers this time of year.
Shop around and ask your potential builder whether or not they have any special sales or promotions going on. You might end up saving thousands on free upgrades or closing costs just because you’re shopping at the right time!
Some builders even provide a little extra help for first-time homebuyers like you. For example, Lennar, one of the nation’s most respected builders and also one of the builders you’ll find at BeechTree, currently provides special financial assistance for people who are carrying student loan debt.
Consider Working with a RealtorThere’s nothing wrong with going it alone and diving into your new home search headfirst. But if you’re feeling especially apprehensive about the whole thing, consider partnering with a licensed Realtor® who can help you navigate the entire process.
You’ll be able to leverage the knowledge, experience and connections of a Realtor® to help you make a smarter, more confident decision. Best of all, working with one of these vetted real estate agents costs you nothing!
Scheduling Tours and Visiting Potential CommunitiesIf the community you’re interested in has a model home available, plan to make a tour at some point in the near future. In doing so, you’ll be able to experience what your new home will look like firsthand. It’s also a great opportunity to stroll around the community to see what life is really like there.
Ready to get your new home search started in Prince George’s County? Be sure to check out the single-family homes and townhomes at BeechTree, located in Upper Marlboro, MD.