If you’re thinking about checking out new homes for sale and making your first ever purchase, you might want to pump the brakes a little bit. Before you make any big financial decisions, you’re going to need to have enough money in the bank for the down payment, monthly mortgage payments, closing costs, and all of the other necessities that come with buying a house. This is especially true when purchasing a home for the first time, as the size of your down payment will affect your negotiating position, your mortgage rates, and your financial future.
Roughly 32% of people looking to buy new homes are doing so for the very first time. But just because they are first time homebuyers doesn’t mean they don’t know what they want in a real estate deal. These buyers are extremely well-educated, opinionated, and sure of exactly what they want.
From luxury homes with cell phone charging stations to pet-friendly showers, here are some of the most important features homebuyers are looking for in a new property.
Aside from great neighborhoods, great schools, and great locations (the perennial must-have features for most homeowners), many people don’t know what else to look for as they browse through various houses for sale. Often, square footage and price are given such high priority that house hunters overlook other important features.
If you are searching for Philadelphia homes for sale, then here are four popular features that buyers should be on the lookout for.
Of all the people who are looking to buy new properties this year, 32% are first-time home buyers, per National Association of REALTORS data. When it comes to buying a home, there are some lessons you really don’t want to learn the hard way.
Here are a few mistakes to avoid if it’s your first time going through the home buying process.
If you’re looking for new houses for sale, you are probably focused intently on price, the home’s interior, and its actual location. Those, and others, and very important aspects of the home buying process. But if you’re serious about making an offer on one of the new houses you’re looking at, make sure you take a step back and look at another essential aspect of buying a home.
Walkability isn’t just something that homebuyers should hope for when looking for a new place to live, it should be a must. Whether you’re buying a small startup home or are considering luxury houses, the neighborhood’s walkability should be very high on your list.
When looking for new homes, most homebuyers have their hearts set on the luxury houses in high-end neighborhoods. And why not? They’re typically in a great location with an excellent school district and are usually more up to date than other houses. However, when you’re new to the house hunting game, you’ll soon learn that actually acquiring one of these luxury homes can be difficult.
Fortunately, real estate agents can help you find the right home for you in the right neighborhood. If you’re having trouble finding a house you love, then hiring a real estate agent to assist you in your search may be a great option.
Why should I hire a real estate agent?
Settling is a big problem for many people. Whether it’s settling on a career that you don’t really enjoy, settling on a major decision, or even settling on a spouse who might not treat you as well as you deserve; people have always settled, but they don’t have to. Especially when it comes to homeownership — settling can ruin someone’s appreciation for their own property.
History has partially waited for this significant moment: when millennials begin to buy property. It’s finally here and it’s an exciting time for everyone. According to Realtor.com, roughly 61% of homebuyers over the course of 2017 will be under the age of 35 years old.
These younger homebuyers, however, don’t necessary care too much about having big yards with obligatory white picket fences, having quiet living spaces, or areas with a lot of historical significance. Millennial homebuyers, rather, have a lot of contrasting options on what they consider makes a house a great place to live.
Here are a few aspects of real estate that this younger generation is looking for:
Buying a new home will be one of the most important decisions that you make in your life. It’s important to consider every single detail of each prospective property in order to ensure a happy life in your new home. If you act too quickly, or impulsively buy a questionable home, you might end up being forced to stay in a house that you hate for decades.