Tips from a first time homebuyer
Jun19

Tips from a first time homebuyer

Buying a home for the very first time is meant to be an exciting and life-changing venture. However with all the finances to sort, papers to sign and contractors to call, this part of life can become stressful and overwhelming. My husband, Dusty, and I recently took the step of becoming first time homebuyers and have lived in our dream home for one month now. Keep reading for our tips on how to make a smooth transition from tenant to owner. How to know you’re ready Everyone knows buying a home is a big decision and requires plenty of preparation, but looks different for each person. We knew we were ready to buy when it made sense with our finances and our lifestyle. Renting a 900 sq. ft. house worked out perfectly for us for two years but eventually we started to out grow the space and became eager to invest in a home of our own. Where to start If you haven’t already, take a look at those finances. Spending a Friday evening creating a budgeting spreadsheet may not sound like the most exhilarating project in the world, but believe me this step is so important. Here are some good questions to ask yourself when creating a budget: What are my expenses? How much do I spend on meals and entertainment? How much can I comfortably save? This article from LFW’s first time homebuyers series is a great resource that simplifies financial preparation before buying a home. Once you have an understanding of where you stand financially, it is time to take it to the bank. There are lots of options for mortgage lenders so it may be beneficial to do a little research before you choose. We went with Star Financial and were perfectly happy with the whole process. They even let us do everything online and we never even met with our lender until closing. Your lender will talk you through the pre-approval process and help you decide how much house you can afford. Remember, this number is different for everyone so refer back to the budget you made to help guide you. After you are pre-approved comes the fun part… HOUSE HUNTING! There is no shortage of real estate agents in northeast Indiana, in fact if you have already browsed Zillow or Realtor.com it is likely some agents have reached out to you at this point. Check out this article on finding the perfect home with a realtor. Our agent, Neal Stangland with Orizon, went completely above and beyond to help us find our dream home. Neal answered all of our questions without making us...

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