Deciding on the right home is always a challenge, here are some things to look for when considering your next home…
The Size of the Home You Need
Your Loan Approval Numbers and Down Payment Options
Getting pre-approval for a loan isn’t an instant lock, but it does give you a very good idea of what sort of mortgage you can handle, making this an important step. Your mortgage approval numbers will also dictate how much you need to consider for a down payment… usually around 20 percent, but that varies for some government FHA loans and individual deals made with sellers.
What Home Inspections Uncover
Tips for buying a house should always include information on inspections. A home inspection isn’t just a formality, inspections frequently uncover serious issues with a house including foundation problems, rot, pest issues, roof damage, mold, improper insulation, out-of-date wiring and much more. You need to know about these issues before you make a final decision.
Proximity to Work and Schools
Check the routes to work and nearby schools as appropriate. Note any public transportation stops as well. Don’t just look at a map: Travel the routes yourself and see what they are like, how busy they are and how much time it will take.