Thursday, June 20th, 2019

Most people dream of owning a home and making a financial investment with a property where they can settle down. When it comes to buying your first home, there are many different features to consider to ensure that you make the right selection. Here are a few things to look for in your first property to ensure that it accommodates your lifestyle and is within your price range.

Within Your Budget

Many buyers make the mistake of shopping around for a house that’s out of their price range and falling in love with a property that they can’t afford. Make it a point to look for homes that are within your specific budget to ensure that you don’t regret making the purchase. As InCharge explains, you’ll also need to consider the cost of utilities, HOA fees, homeowner’s insurance, and property taxes to ensure that you can afford all of the expenses that are associated with owning the home. Being aware of any hidden fees, or at least preparing for them in advance can save a lot of complications in the future.

Don’t Worry About Size

It can be easy to make the size of the home too much of a priority when shopping around. You should be more concerned about the number of bedrooms that it has instead of the size to ensure that it accommodates your family, especially if you plan to have more children in the future. If there’s a lack of space in the house, then you can always purchase a storage shed for the backyard and save thousands of dollars. Financial Samurai recommends that it’s generally better to have less space than to have too much since you will be paying for every square foot of unused space. They recommend that for a small family, the ideal house size is therefore between 1,816 and 3,027 square feet. You can certainly go smaller, but there are some considerations that may crimp your lifestyle.

The Right Amount of Space

Many people are often too concerned about the amount of storage space that’s available inside of the residence, which can increase their cost of owning the home. Instead, you can save a significant amount of money by purging items that you no longer use. Finding storage solutions around or outside the house can save you money instead of having to purchase a larger house. According to All Storage Online, packing away heavier or not commonly used items can save you a lot of room and frustration in the future. Making proper usage of your space and getting rid of or putting away unnecessary items will ultimately help you out more than having a couple of extra square feet per room.

Ignore Bad Wallpaper

Understand that certain changes to the home can be made, which includes bad wallpaper or paint colors. Look at the bones of the building and avoid becoming distracted by minor features that are easy to change. Ignore ugly wallpaper or defects that are easy fixes. According to KW San Antonio, funky patterns, textures, and colors can certainly change your perception of a room or even an entire house. However, wallpaper is another easy fix and shouldn’t dissuade buyers from an otherwise delightful home. Use your imagination to envision the wall of your choice! Changing it isn’t that difficult as compared to other situations like poor foundations and other complications.

Knowing what to look for in your first home can allow you to make a purchase that you’re satisfied with in the long term. By following the right tips, you can enjoy living in your new house and getting the most use out of it.

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