1. New Home? No worries!

    Are you in the market to buy a new home? Congratulations, you are preparing for an exciting adventure! Finding a new home can be scary, especially if you are a first time buyer.

    We’ve put together a list of tips to keep in mind when looking for a new home.

     Price Shop

    Just as you would if buying a new car, you should compare prices in the area. Websites such as Trulia or Zillow can give you a general idea of what you can expect to pay. Once you determine what your budget is, you can narrow in on options.

    Set Your Budget

    In order to set your budget, you might consider speaking with a mortgage company. Or, using a mortgage calculator, you can determine what your payments would be if you put a certain amount down.  Fannie Mae recommends buyers not spend more than 28% of their income on housing costs.

    Consider Additional Costs

    Once you have an idea of your budget,  do your homework and determine what additional taxes, insurance, and other expenses are necessary. Be sure to include this in your costs so you don’t go over budget.

    Distinguish Your Wants From Your Needs

    We all want a big house with a large kitchen, walk-in closets, granite countertops, a huge pool in the backyard, and plenty of space. Determining what features and amenities you need from your next home and community is important. Otherwise, you might end up paying too much for features you didn’t necessarily need.

    Clean Up Your Credit Score

    Even if you are in the very early stages of looking for homes, start building your credit score now. Run a free report to find out what your score is and how you can begin to improve it.

    Home is where your story begins. Follow these tips to find your dream home.