5 Steps to Purchasing Your First Home

Buying your first home is one of the most exciting, yet often terrifying things you could ever go through. No matter what your experience is in buying a home, it is better to be prepared and understand the basic steps.

Here are 5 steps to purchasing your first home.

Get the Pre-Approval

Potential home buyers must be pre-approved before starting their search for a home. This is also what sellers are looking for when it comes to negotiating the price of your purchase. Getting approved will show that you are financially qualified and ready to buy a home. This step will also determine whether or not you are able to afford the purchase.

 

Get A Realtor

Finding a realtor that will help you find the home you’ve been searching for. They will have the better understanding and knowledge of what to look for and find the home you want, where you want, and your budget.

 

Start the Big Search & Make the Offer

Once your realtor has narrowed down the list of your needs, they will provide options that will depend on what you want. Once you make a decision on the house, your realtor will analyze the property value to bid at.

Take the time to determine how much you will pay on the given value. Be sure to stay realistic on what you want and can afford. During this time, the seller will determine whether to take your offer, reject the offer entirely or counteroffer.

 

Get a Walk-Through Inspection

Once your offer has been approving, now’s the time to inspect the property to determine that value of the home. Your agent will handle this step and prepare the agreements that will allow you to follow a pre-closing check to find any major problems within the home. ZetaClear

 

Close the Deal and Move Into Your Home!

Once you’ve gone through all the steps, you can sign the mortgage and present the down payment for the home. Now is the time to prepare your move and enjoy your new home.

Follow these 5 steps to set your first home purchase on the right path.

4 Home Renovation Tips That Will Improve Your ROI

Planning on selling your home to move on to greater adventures? Whether you plan to move or simply increase the value of your investment, it is important to get the highest ROI as much as possible. This comes down to the factors of home value that includes the location of your home, market conditions, proximity to the location, and more. While you may not be able to change such details, you do have the power to control the home improvements.

While not all renovations are the same, it is important to understand what areas will give you the best return and the highest ROI. Check here 4 home renovation tips that will improve your ROI.

Upgrade the Floors

The floors are the most common renovation when it comes to upgrading your home. It is often the move necessary as just replacing carpet floors with hardwood floors will increase your return by 50 percent. While a full carpet area might feel comfortable, it is considered outdated and undesirable for the modern home. Consider hardwood or tiles for the upgrade.

Bathrooms

Bathrooms are always the first place potential buyers look into. It is no surprise that an updated bathroom will increase your investment by a minimum of 75 percent. As these spaces are used daily, it is the most desired place to renovate and create a relaxing space. Aim for neutral materials and colors that will appeal to the general public.

Kitchens

The kitchen is another important aspect on the list of buyers. While it will be costly to upgrade, you will gain 100% of your return investment. If you are on a budget and unable to renovate the entire kitchen, changing the outdated features such as the countertop and features will do wonders.

Adding Extra Space

The best way to increase the value of your home is to add more space. Whether you plan to add a two-story section or even an extra room, the value will increase.

Do you plan to renovate your home soon? What areas are you planning to improve? Comment below and tell us what you think!