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Health & Fitness

Real Estate Question of the week- Dec. 2. 2013

Q: I’m a first time homebuyer and not sure what I should be taking into consideration. Is there any guidance on major factors I should be considering?

A: Absolutely! Purchasing a home is a huge step and should be approached as the investment that it is – consult professionals (Real Estate, Mortgage, Home Inspector, etc) with expertise so you can feel confident that your journey into homeownership is paved with the knowledge needed to make an informed decision and a smooth road to closing! Before embarking on your new home search, there are several important things to consider:

1)  Affordability – Aside from the regular maintenance you’ll need to perform on your home, there will inevitably be things that go out or stop working effectively at some point (i.e.: furnace, water heater, etc). If the thought of tackling this without a call to maintenance causes your blood pressure to rise, it may be worth reconsidering. Even a condo or a townhome are not exempt from this and while in most cases you are not responsible for exterior maintenance, everything in the home including mechanicals is your responsibility. For any homeowner, especially a new homeowner, a budget to save for these “unexpected” expenses is recommended.

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2)   What's Your long term plan – While size and location to suit your needs today is important, you are making a commitment to your future with purchasing a home and therefore should also consider future needs. Do you plan on having a family or adding to your current family situation? Do you need to consider school districts, commuting distance or proximity to other amenities? Map out your needs today along with what you anticipate your needs will be 5 years down the road and search for a home that will accommodate both.

This is not an all-inclusive list however with the help of professionals, will help guide you successfully through this exciting journey!

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Feel Free to call or contact me for any future Real Estate questions or needs and I will be happy to be a resource for you!

Larry Eberhard  651-702-4000      larry@larryeberhard.com

Keller Williams Realty









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