Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




2 Tips for First Time Homebuyers

Reply to topic
Money Talk > Real Estate

Author Thread
SmartTips
New Member


Cash: $ 1.90

Posts: 9
Joined: 04 Dec 2009
Location: Philadelphia, PA, USA
2 Tips for First Time Homebuyers  Reply with quote  

As a precurser I bought my first house a couple of months ago! Best goal I ever accomplished, best investment I ever made, and not to mention I own something!! I did extensive research for over a year and half and have just gone through the process so I offer these 2 tips:

House Buying Tips: #1

Always remember when buying a home youíre also buying the neighborhood surrounding it. The neighborhood is not only important because youíll have to live in it but because the neighborhoodís quality will have a huge impact on the appreciation value of your home.

Think about these neighborhood characteristics when deciding:

- What type of people live there? What is the age and occupations of most?

- Commuting distance to jobs. Are there offices and mass transit nearby?

- Presence of young families. Do children play freely in the neighborhood? This is a no brainer. If you donít see kids running around then parents donít feel like it is safe.

- Does the area have a strong diverse economy? Is there white collar and blue collar?

- Is there a good school system? ***This alone can make a huge difference in the value of homes and land. Even if you donít have children or plan to have them this is a very important consideration.

- Is there low crime rates?

- And last but not least what services and amenities does the area have to offer?

Answering these simple questions make all the difference when making a good investment.

House Buying Tips: #2

When visiting a house you need to keep a couple things in mind. The following tips will allow you to get the most out of a house visit.

Request the seller not be present.

Try not to be influenced by the furniture because it wonít be there the next time you see it!

Note any upgrades that might save you money later.

Observe the neighbors. Do they take care of the lawn? Is there broken down cars in their driveway?

Try to visualize the house in all seasons and weather.

Inquire about the infrastructure, including plumbing, electric, gas, heat, and air conditioning by asking for the seller's disclosure statement.

Make sure the floor plan provides enough space for everything you and/or your family will be bringing.

MAKE sure you take notes so you can keep track of the houses you visited. The average family tours over 15 homes. You will start to get confused if you donít try to distinguish what you liked and disliked about certain properties.

Good Luck!!!
Post Sat Feb 20, 2010 2:48 am
 View user's profile Send private message
Gamble
New Member


Cash: $ 0.60

Posts: 3
Joined: 23 Feb 2010
Location: UK
 Reply with quote  

Thanks for a nice tips, can you also post a "flat buying tips" ?

Cheers.
Post Tue Feb 23, 2010 4:48 am
 View user's profile Send private message Visit poster's website
zairaong
New Member


Cash: $ 0.60

Posts: 3
Joined: 01 Mar 2010

 Reply with quote  

great tips..
thanks for sharing.. Very Happy
Post Mon Mar 01, 2010 8:38 am
 View user's profile Send private message
namratasnv
Preferred Member


Cash: $ 25.25

Posts: 126
Joined: 24 Jul 2009

 Reply with quote  

Hello !!

The tips provided are really of great help to the new home buyers and one should always keep in mind the precautions mentioned before buying the home.

One more thing is that if you are having loan on your having loan on your new home so the policies should be such that would be best to suits you.

Thanks

http://www.connecticutwebuyhouses.com/
Post Sat Mar 06, 2010 7:43 am
 View user's profile Send private message
maxxypane
Member


Cash: $ 2.20

Posts: 10
Joined: 05 Nov 2011

 Reply with quote  

Really nice post. You have provided such a nice tips for buying home. Rather than all these you also should be one preview for the home furniture because furniture is plays an important role in home looks. You should check it out whether all the furniture arrangement is okay or not.
Post Sat Nov 05, 2011 5:06 am
 View user's profile Send private message
MelKel1
Member


Cash: $ 2.60

Posts: 13
Joined: 21 Dec 2011

 Reply with quote  

Thanks for the tips, I just started looking for my own house and want to make sure I don't make any little but impotant mistakes! Wish me luck!
Post Wed Dec 28, 2011 6:55 pm
 View user's profile Send private message
JohnBroderick
New Member


Cash: $ 1.00

Posts: 5
Joined: 15 Jun 2012
Location: united states
 Reply with quote  

A home buyer should not spend more than 30% of their current earnings on a house payment without putting themselves at risk of a foreclosure.
Post Fri Jun 15, 2012 7:32 am
 View user's profile Send private message Visit poster's website
UFundMyCo11ege
New Member


Cash: $ 0.60

Posts: 3
Joined: 17 Jun 2012
Location: Los Angeles, CA
 Reply with quote  

Thanks for the helpful tips!

My fiancee and I are looking to purchase a house (we are both first time buyers). It sounds like a fun, exciting, and long process. Haha.
Post Sun Jun 17, 2012 6:54 pm
 View user's profile Send private message
nicolette
New Member


Cash: $ 1.00

Posts: 5
Joined: 09 Jul 2012

 Reply with quote  

Buying a home is not a easy task. You should decide the budget first and check all the details about the home such as
Location
Surrounding area
Affordable price
and
Market value.
You should check all the legal documents of the home very well.
Post Mon Jul 09, 2012 9:29 am
 View user's profile Send private message Visit poster's website
Iona99
Member


Cash: $ 4.40

Posts: 20
Joined: 10 Jul 2012

2 Tips for First Time Homebuyers  Reply with quote  

You have much see the condition of those things which you want really buy. And get more info, that what have other general benefit.
Post Sat Jul 14, 2012 9:09 pm
 View user's profile Send private message
devindennis
Member


Cash: $ 4.80

Posts: 24
Joined: 09 May 2012
Location: pakistan
 Reply with quote  

Thank you so much for give us an important tips. its really help full too all of us ...........
Post Tue Jul 17, 2012 9:56 am
 View user's profile Send private message Visit poster's website
BibiDimi
New Member


Cash: $ 0.60

Posts: 3
Joined: 17 Jul 2012
Location: London
 Reply with quote  

Coll tips, I would add another:
Consider buying a house with a tenants space separated. That way you'll get to rent our a part of your house and make an additional income to cover a part or your whole mortgage rate, and not to disturb your family life at all.
I hope you'll find this useful as well...
Post Tue Jul 17, 2012 10:19 am
 View user's profile Send private message

Goto page 1, 2, 3  Next
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2016