It’s fun and exciting to buy your first house in Mishawaka. You will decide where to sleep, how many bathrooms you want, and how much you want to pay. But before you go out shopping at home, it’s important to do your research and make sure that you’re ready for the process. Here are six things you ought to know about buying your first Mishawaka home.
GET A REAL ESTATE AGENT
Buying your first house in Mishawaka is fun and exciting. You’re going to decide where to live, how many bathrooms you want and how much you’re going to pay. But it’s important to do your homework before you go shopping at home and make sure you’re ready for the process. Here are six things you should know about buying your first house.
Your real estate agent will help you find homes that meet your needs, schedule shows, and help you decide whether the seller’s demand for a fair price.
BUY FOR TOMORROW
While that tiny little starter home in a rural area may look great to a young couple, after a few years, a few kids and a job change may not look so good.
You can’t fully predict all the life changes that will occur, but if you’re planning to get married, have babies, or even just adopt a gaggle of pets, make sure that when you purchase your first home in Mishawaka you’re taking into account the needs of those plans.
LOOK BEYOND COSMETICS
It is possible to change color, flooring, and some smaller features about a house. But it is difficult for the home’s overall layout, its location, and many other factors.
Before deciding whether or not to make the jump, view the house as a whole and know that you can adjust the hideous shag carpet, but you won’t be able to quickly add a third bedroom.
BUY ONLY WHAT YOU CAN AFFORD
Hypothecary companies want you to take out a big mortgage, because they make more money when they give you more money. But if you’re going to struggle to pay the mortgage every month, you’re in a bad financial situation.
Think about how much you can actually afford to spend and just buy a house up to that side, not over.
ADD THE EXTRAS
Buying your first Mishawaka house is not just about the cost of your monthly mortgage payments. Taxes, HOA fees, utilities, insurance, repairs and more are still to be paid.
Seek to get a rough estimate of the average home ownership expense using public records and utility bills from current owners, and apply that number to the monthly mortgage payment. Make sure the sum is an amount that you pay comfortably every month.
It’s not just about the price listed on the sign when it comes to buying a home.
Most buyers are willing to negotiate items like appliances, swing sets, and even furniture to make the sale, particularly those desperate to sell. If it means you don’t have to turn right after closing to buy a new washer, dryer, and refrigerator, bartering for all the appliances in your purchase price may be worthwhile.
Additionally, if there is something you think needs to be repaired or replaced, such as a sketchy flooring or a slightly leaky window, do not hesitate to ask for the repair to be completed before closing or for a discount on the purchase price to compensate for the repair.