First Time Home Buyers
Buying your first home can be an exciting experience. Choosing neighborhoods, selecting where you want to start a life and family, and actually getting to own real bona-fide property is awesome! But at the same time, it can also be scary. Especially when looking at prices with a lot of zeros at the end...it's probably more money than you've ever spent in your entire life, and that can be intimidating. Here are 3 simple steps to help you get started on your journey towards home ownership. It's not always easy, but it's definitely worth it. My hope is that this advice will help bring you closer to your first dream home!
Step 1: Financing
Okay, so you see a house listed for $150k and wonder how in the world you're going to afford it, right? That's what mortgages are for. While $150k might seem intimidating, your mortgage payment will probably be less than $1,000 per month, and your down payment could be as low as $6,000. To get started, talk to a lender to find out how much you're qualified for and what type of loan best suits your needs. You can also use a mortgage calculator to estimate your monthly payments!
Step 2: Lifestyle Selection
So this is a loaded question. What kind of lifestyle do you want to live? Obviously you'd prefer a beautiful mansion on the beach, but let's try to be realistic. After all, you're buying your first home. Here are 3 qualifiers you should decide upon before beginning your home search. On lifestyle selection, try to focus more on the type of life you'd like to live, versus the actual house you're going to buy. At the end of the day, lifestyle is what matters, and the house is one of many vehicles to make your lifestyle dreams a reality.
- Urban or Suburban - do you like to be close to all the action, or would you prefer a quiet neighborhood?
- Condo or Home - do you like maintenance-free living, or do you enjoy mowing, gardening, and the benefits of a large backyard?
- Quality or Quantity - would you rather have a big house or a really nice house?
Step 3: Home Search
Ok, now for the fun part. Once you've decided on how much you can afford, and what type of lifestyle you want to live, you can begin looking for homes! By this point, I'm sure you've already spent hours scrolling through the Zillow app on your iPhone, but now I'm talking about physically going to look at homes in person. This is when you need to hire a Realtor to provide you with access to homes for sale. Any Realtor will do, however, I'd personally recommend myself (for obvious reasons). To schedule a showing, you can contact me at (614) 395-1776 or firstname.lastname@example.org. You can also schedule showings directly online through the Calendly app by clicking here!
The multiple listing information is provided by the Columbus and Central Ohio Regional MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 Columbus and Central Ohio Regional MLS. All Rights Reserved.
The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.