Lifestyle - Choosing the right community is essential. Do you prefer a suburban neighborhood with a big play area for children? Or are you more interested in a small yard that?s easy to maintain? Inquire about amenities and ask local residents about the neighborhood. If you?re planning on having a family, be sure that the home you choose is spacious and that it can be expanded if necessary.
Homeownership costs ? When deciding how much you can afford, remember to account for more than just the monthly mortgage payment. Utilities, property taxes, homeowner association fees, repairs, and lawn maintenance are some of the fees that can add up quickly. Having an estimate of costs beforehand can help you narrow down your home choices.
New vs. Existing ? While many of the existing homes on the market may be cheaper, a new custom-built home could end up saving you money in the long run. Our homes have energy saving features that lower utility costs. Plus, an older home typically requires more maintenance, and repairs can be costly to fix.
Location ? Another thing to be wary of is a neighborhood on the decline. If pricing seems too good to be true, it may be due to falling home values. Check out the area you?re interested in and inquire with local residents about recent developments. Don?t get stuck in an unfinished community with few completed homes.
Evaluate builders ? While you?re investigating communities, be sure and do your homework on the builders as well. Choosing a reputable company will save you time, money and headaches. Talk to other homeowners about their experiences with a builder.
Mortgage ? Before you sign anything, read all the fine print. Even in today?s market, low interest rates may be tied to? unfavorable terms. PMI (private mortgage insurance), points and closing costs can drive your total mortgage cost up. If you aren?t comfortable with the terms presented to you, don?t be afraid to shop around for the best loan.
Documents ? The homebuying process can be a whirlwind of unfamiliar terminology and documents. One of the best ways to protect yourself is to get every part of the sale in writing. Study up on real estate terminology before house hunting, so you understand what?s going on before making a commitment, and don?t be afraid to ask questions.
When you decide to purchase a new home, it?s important to have a builder you can trust. If you?re searching for homes in Augusta, Ga., or Aiken, S.C., consider Keystone Homes. We?ll work with you to make your experience as stress-free and enjoyable as possible. Partnering with Keystone means working with someone who has the knowledge and insight to make your new home dreams a reality. Visit the Keystone Homes website today to get started and find the perfect place to call home.
Source: http://www.atlantarealestateforum.com/seven-tips-for-new-homebuyers-from-keystone-homes-58874/
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