Are you on the hunt for your first-ever dream home? If yes, then it’s crucial that you do keep in mind that looking for a home is a very emotional process. This is why you need to be familiar with some of the essential house hunting tips so you can be more prepared for the journey of finding it. Doing this can keep track of your finances and build the selection process straightforward.
It’s pretty obvious that looking for your dream place is a difficult task, that’s why we’re here to help you and guide you! Whether you’re an expert already or it’s only your first time, these house hunting tips will benefit you.
1. Get to know first if you qualified for a mortgage
When looking for a house, you must get pre-approved for a mortgage first. Don’t get too excited. Although it’s normal to feel that way, it can also be disappointing if you are not aware of your budget or the kind of financing you’re qualified for.
It’s better to begin your house hunting by getting pre-approved for a mortgage first. In this way, you’ll know what a bank is pleased to loan you and let sellers be informed that you are prepared to commit. Just remember that when you get approved by a lender for a specific amount, it doesn’t mean that you need to spend that type of amount on your house. You must really determine and be honest on how much home you can afford.
2. Determine all of your housing needs
When it comes to general concerns, you must know the answers to some practical questions relating to the number of rooms, square footage, architectural style, and the like. These pieces of information are important for your real estate agent and for yourself as well.
Identifying your housing needs includes understanding the difference between your wants from needs. The former is worthwhile but not required while the latter must be a priority. With that, you can make a list of requirements that contains only the things that are impossible to change like the plot, location, size, and etc.
3. Evaluate the must-haves of your dream house
Prior to the start of the search, come up with a list of the specific amenities and features you want for your home. This may include the yard size, number of rooms, number of stories, the age of the building, and other general conditions. There are owners who are willing to equip a fixer-upper, particularly for a more affordable price point, meanwhile, some people prefer something move-in ready.
You may want to think about which features you like to have but you can live without, or you may add yourself. Perhaps you’ve been dreaming about having a wrap-around porch, but it’s not really an immediate need. Or maybe your partner wishes to have a pool but is also willing to use it for a two-car garage.
4. Decide where you want to live
The location of your dream house will determine the time of your commute, the distance of travelling to a grocery store, where your children need to attend, and most likely where you’ll socialize; it’s where you’ll be living your life. Think about the kind of neighbourhood you prefer. Is it a huge gated community, an ideal place for your everyday job, or a lavish acreage with no neighbours? Consider the lifestyle you want to have. Would you like to be near the city, malls, or surrounded by nature? Will there be bike lanes? Is there enough street lighting?
It would be better if you know someone who lives in the neighbourhood or a friend you can get some insights from. Some neighbourhoods and homes have everything including the community, schools, ideal location, environment, and price. However, you must start weighing the pros and cons in order to have more time and realize what’s more important to you and to your home’s location.
5. You must know what the right things to say
When viewing a house, there are things that you should not say. Why? Your behaviour during the hunting process can have an impact on the seller’s decision to accept or decline your offer. If you want to give a good impression, here are some things you must not say:
- Don’t tell the massive renovation plans you will do.
- Don’t give any negative commentary on the current interior decoration.
- Don’t admit that you’ve already found the perfect residence.
- Never ask the existing owners for the reasons for the sale. It’s recommended that you ask the seller’s realtor in private.
- When commenting on the asking price, don’t do it loudly or keep it to yourself instead.