How many times do we watch movies or a TV series where the lead actor retires to some remote cabin (usually somewhere cold and begins with them chopping wood)? While the views are picturesque and the thought of being alone appealing at times, most of us choose a different type of lifestyle.
It is a fact that people buy homes for “who they want to be”. This is why we see new parents moving to the suburbs with big backyards, pet owners looking for fenced properties and those that like to entertain looking for homes with a large kitchen and the perfect dining area for sharing food and good times.
Whether you are looking for your first home or your 10th home, here are 6 questions you should ask yourself before making this big purchase.
1. What are the 3-5 things that are most important to me? This can include distance to work, schools, or family, safety concerns, or location of amenities. List only those that are important to you.
2. What are the 3-5 things that I would like to have in a home, but which I would be willing to forego if needed?
3. How long do I anticipate living in this home? A “forever home” can change over time, but having an idea of how long this home might work for you or your family can be helpful in the selection process.
4. Am I willing to purchase a home that needs updating or some repairs to make it work for my family? While this can be a great way to save a little on the purchase, big updates can take time (which is a valuable resource for most families.)
5. How much can I afford to buy without stressing my finances and still allowing enough money for the fun things I enjoy? You may “qualify” for a higher mortgage loan but have some expensive hobbies. Keep the hobbies in mind as they will add to the overall enjoyment.
6. When do I want to close on my purchase? Keep in mind most Florida purchase contracts close within 30-60 days.
It is always my pleasure to help with your Real Estate needs whether you are looking for a condo on the beach, a house in the suburbs or that cabin in the woods.