5 Quick Things To Remember Before You Buy A House
One of your biggest investments you will ever make will be your home. Buying a house is not only exciting, it can be challenging as well. There are a lot of things that need to be clear and a lot of questions that are to be answered before you can seal the deal. So make sure you have these five essential things to do before you buy a house. First get yourself a checklist to start off on the right foot.
- Checklist-Always set up a checklist before you start. This way all your ducks are lined up and there will not be many, if any, surprises. A good checklist goes a long way when it comes to being ready to buy a house.
- Do your research-This is something you should do, it doesn’t matter what you are going to buy. However, in case of buying property the responsibility is even more because the amount involved is generally very high. There are a lot of houses on the market at any given time including Daybreak homes for sale. When you visit different houses with different features; it can be overwhelming. It is quite a daunting task to overcome but as long as you research first you will be on the right track. So let your fingers do the walking for you with your research.
- Check your credit score-Always check your credit score to make sure there are no old bad credit marks on it and to fix it if there are any. The recommendations are getting your credit score above 580 in order to get better interest rates. The recommended score is usually around 640 to 660. Of course the higher your score the lower your interest rate will be.
- Get a pre-approval for your mortgage-This is so there are no worries when you walk through the door of a house you are interested in. How else will you know if you can afford it or not? So take the worry out of house shopping by getting pre-approved. There are several things you will need in order to get this done.
- Do not forget loan fees-Once you buy your home there are closing fees. People tend to forget about this with all the excitement of a new house. Sometimes you can get the seller to cover this cost, and sometimes they will not. It is usually between 10 to 20% depending on where you live.
Also don’t forget to meet the neighbors around the house you are thinking of buying. The neighbors have a wealth of information that you can ask them. They live there so they know everything from vandalism to theft. It is best to check out the neighborhood after work when the average person is home. This will give you a good idea on how much noise and traffic is on the street and to get to talk to more neighbors than during the day.
The one thing some people forget about after they buy a house is to consider what type of security they will need to protect it. This is something very important and must be taken care of because if you do not protect the property well, it might get damaged and lose its vale.
In closing, always have a checklist so hopefully nothing will be missed. With this, you will be more secure in what you are doing and with a peace of mind that you have all your bases covered. So now is the time for you to get out there and start seeing how well your checklist is after all.
Guest post by John Miller.