Financial Preparation and Practicality
Budget often dictates what’s possible. It’s essential to determine how much house you can afford while keeping your financial goals in mind. Contacting a lender early in the process can help you secure pre-approval and clarify your price range. When evaluating homes, remember: • A home that needs major repairs may not be a bargain, even if the price is reduced. For example, saving $7,000 on a home with a roof that needs replacing could cost you $10,000 or more down the road. • Some desires, like a pool or custom upgrades, can be added later when your budget allows. Think of your dream home as a balance between reality and imagination. While compromises are inevitable, they can often be addressed over time.
A Note About Pets
If you’re a pet owner, don’t forget to include their needs in your home-buying process. A survey found that 33% of millennial homebuyers cited a better yard or space for their dog as a major motivation for purchasing a home—ranking higher than marriage or starting a family. Consider these factors: • Neighborhood Rules: Ensure the community has no restrictions on pets or specific breeds. • Yard Size and Fencing: A fenced yard might be a necessity for some pets. • Flooring and Layout: Hard flooring may be preferable to reduce potential damage or odors. • Nearby Services: Access to veterinary clinics, grooming,
14
Powered by FlippingBook