Purchasing a home is a serious, conflicted and detailed process.  It’s a big decision that actually ranks as one of life’s biggest stressors.  So when taking on one of life’s most daunting tasks, arm yourself with a solid team that supports you and represents your interests – that’s your team at the BCDC Group! Then put together a plan. We’re sharing our list of essential points to consider when setting out to purchase your Home Sweet Home.

Finances

Know your credit score. Having a lower credit score can impact your ability to get approved for a larger mortgage and may adversely affect the terms of that loan.  If possible, give yourself additional time to boost your score before starting the home-buying process.

Consider your savings. You’ll need money for incidentals and things like homeowner’s insurance, association fees, unexpected repairs, cosmetic changes, property taxes and more.

Make sure your home is an investment that will grow with you instead of a continuous expense. Know the neighborhood where you’re purchasing and understand the property values and the advantages and disadvantages of the community where you’re choosing to live. If you decide to sell in the future, you want to ensure that your property has appreciated in value.

 Location

Decide if you prefer a home in an urban, rural or suburban area. Specific laws in each area may influence your decision.  For example: Can you house your boat on your property? Are commercial developments allowed in close proximity to your home?

Go to the neighborhood during the day, at night and during rush hours. Determine if the area is high-traffic and noisy or quaint and quiet.

Your dream home may be perfect for you, but what about your family? Consider the length of the work commute for you and your partner/spouse. Also, consider the quality and reputation of public and private schools in the area.  Investigate local parks and community centers and proximity of supermarkets and those services your family relies on for a smooth and seamless lifestyle. Is public transportation readily available?

Personal Preferences

Visit the chosen property to test your cell phone coverage. If you plan to work from home or have a home-based business, your Internet speed could be of real importance.  And if you have children, Internet access will be critical!

If you live in or are moving to South Florida, energy bills are always a consideration.  Look to a property with lush vegetation (i.e. mature trees) to shield the home from the hot sun.

When purchasing a home, it’s important not only to appreciate the now, the moment, but to also visualize yourself in the home, neighborhood and community in the coming years.  Do you see it as a good fit for you and your family?

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