5 Things to Think About When Buying Your First Place

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Real Estate Agent with eXp Realty 52564-090

5 Things to Think About When Buying Your First Place.........Contact Amber Castonguay today! 920.988.0048 AmberCastonguay.com

 
5 Things to Think About When Buying Your First Place
5 Things to Think About When Buying Your First Place

Tue, February 3, 2015
As a renter, you have the luxury of choosing a place that meets your needs at the moment.​ Buying a home is a much bigger commitment, both in terms of finances and the length of time you’ll likely live there. When seeking out your first place – whether a house or condominium or anything in between – it’s important to do your homework.
Here are 5 things to consider as you begin the process of purchasing your first place.
1. The growth possibilities. Shop for a place that meets your current spaces needs, but also consider one that can adjust to a changing household. A five-year plan may not pan out as you expect, so think about possible life changes that could impact your need for bedrooms, bathrooms and square footage.
2. What's under the hood. Your first place may not come with many frills or luxury features – but all the basics should be in good condition. Thoroughly inspect prospective properties. And before any purchase is made, hiring a professional inspector is a must. Your real estate agent can guide you through this key step.
3. Know that no home will be perfect. Your first home may likely not be the perfect place. But make it the right one. Finding the right home is often a matter of prioritizing. Make a list of “must haves,” along with “nice to haves” and “not necessary to haves.” A three-car garage is nice, but would you rather have a larger kitchen or live in a good neighborhood? Only you can measure the importance of the amenities you are looking for.
4. Consider ALL the costs of ownership. When you buy a home​, you take on recurring costs you don’t have to worry about as a renter. Look for a home that meets your budget in terms of full living costs – mortgage, utilities, trash pick-up, sewage fees, homeowner's association dues and other fees. Your lender doesn't take into account these costs when approving your

home loan. A good real estate agent can help you calculate estimated monthly costs to determine the most appropriate price range for you.
5. The lifespan of things. In addition to identifying cosmetic and structural flaws before you buy, know what to expect from the home's components. How long until you need to replace the roof, appliances, furnace or carpet? Everything may be in working order now, but all homes need these types of repairs at some point. Researching the expected remaining life on large-ticket items can help you plan for the future.
When you're ready to start the process of buying a home, contact Amber Castonguay to help!

Amber Castonguay

Direct: 920-988-0048
Text: 920-988-0048
Fax: 866-211-2826

RE/MAX Realty Center
357 W Wisconsin Ave
Oconomowoc, WI 53066
Office: 262-567-2455

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If you have Family, Friends or Neighbors that are struggling with their mortgage there are options! Contact Amber Castonguay, your local CDPE & SHORT SALE EXPERT to see what your options are!
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I would like to take some time to introduce myself. I am a Full-time Realtor and I work hard to keep my clients & customers satisfied by providing the highest level of services. This has proven to be a welcome quality in my business.

When dealing with future Sellers, Buyers & Investors, making them feel comfortable with their agent is the most important factor in securing them as not only a valuable clients but inviting them to remain loyal to me for any future dealings.

 

RE/MAX Realty Center has a great Sphere of contacts and can reach Buyers in ways other Real Estate companies do not. We have a very aggressive marketing plan as well as aggressive agents helping our Sellers, Buyers & Investors reach their goals. I have been a Realtor since 2002 and embrace the challenges of a changing market.

 

 

Best regards,

Amber Castonguay
Broker Associate/CDPE
RE/Max Realty Center
920.988.0048
www.AmbersHomeFinder.com
AmberCastonguay@gmail.com

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Topic:
Home Buying
Location:
Wisconsin Waukesha County Oconomowoc
Tags:
wisconsin first time home buyer
wi home buyer
wi first time home buyer

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Rainer
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Thomas F. Scanlon
Borgida & Company P. C., CPA's - Manchester, CT
CPA, CFP

Amber Castonguay -Well done. You nailed it, buying a home is a much bigger commitment.

 

Cheers!

Feb 04, 2015 10:02 AM #1
Ambassador
2,347,501
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

"Look under the hood" and "the Lifespan of things" are spot on, Amber.  We've seen some houses lately that have new paint, new granite countertops, new vanities... but the bones are bad, the big ticket items like the roof and the HVAC have exceeded their lifespans.

Feb 04, 2015 10:42 AM #2
Rainer
73,043
Devin Veith
Amp Realty - Louisville, KY

Great Blog, I especially love #3 since I work with a lot of foreclosures!

Feb 04, 2015 10:55 AM #3
Rainmaker
797,359
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Amber - You offer some great advice for first-time buyers. Many buyers don't realize all the expenses that come with home ownership, so I like #4.

Feb 04, 2015 11:40 AM #4
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Rainmaker
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Amber Castonguay

Servicing: Waukesha, Jefferson, Dodge County WI
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