Not Getting Pre-Approval to Know Your Limits
Understanding the maximum mortgage amount that you can afford helps tremendously during your home search. It’ll save you from looking at homes (and potentially getting your hopes up) that aren’t within your means. And don’t forget, fixer-uppers are cool, too, if you’re into ! Click here for some must-know tips for DIY home improvements.
Forgetting to Ask About Utility Expenses
Get estimates for utility expenses from the real estate agents or current or former homeowners. It helps to know how much it’ll cost for water, waste management and other monthly and annual expenses before you move in. If cable, internet and good cellular service are paramount in your family, be sure to ask questions about those options, too. And remember, there are also ways to save on utility bills after you move in. Also, see how to easy it is boost your cell signal in your home or how to make your wifi signal stronger in five quick steps.
Not Planning on Future Development
When you have a specific house in mind, think about potential developments. For example: If the home is near a busy road, will there be expansion in the near future? If there is a lot of open space around the home, will more homes be built in the area soon? If there are several homes for sale in the neighborhood, are they selling quickly and who’s moving in? It may be difficult to find concrete information about future developments, but keeping some what-ifs in mind as you look can help you find your ideal home. Also, keep in mind the potential resale value of your future home because no one knows what the future holds and you may need to sell earlier than you imagined. Find out if your state has the hottest real estate market and what the housing market looks like in 2018.
Learn about some of the best and worst projects to improve resale value.