5 Questions to Ask Yourself Before Buying a New Home

Buying a home at the Lake of the Ozarks is a big commitment. A commitment to stay in one place for an extended period of time, a commitment to pay off your new mortgage loan, and a commitment to build a safe home for yourself and your family. Before you take the plunge and sign your name on the dotted line, you'll want to be certain that the home you're purchasing is right for you and your family. Asking yourself these key questions before buying your new home will help you do just that.

Question #1: Will The New Home Meet My Family's Basic Needs?
It's okay to be swept away by the vaulted ceilings and the granite countertops, but only after you have taken the time to ensure that the home meets all of your family's basic requirements. Are there enough bedrooms? How many bathrooms are there? The bonus amenities any home are great, but you'll be more focused on the basic features once move in.

Question #2: How Much Is This Home Actually Going To Cost Me?
The asking price of the home is only part of the puzzle. You also have to factor in the costs of the home appraisal, the home inspection, title insurance, and standard closing costs. After the official sale of the home, you will be responsible for making payments on your mortgage loan for fifteen, twenty, or thirty years. It's critical that carefully consider all costs of the home to make sure you can afford it.

Question #3: Will My New Home Hold Its Resale Value?
Even if you plan on living in your new home for the rest of your life, it's important to think resale value. You may not sell it in your lifetime, but it's likely that your family will at some point in time. When you're buying property, then, it's important to consider the future resale value. Will you be able to increase the home's worth through home improvement projects? Are the surroundings appealing - and if so, are they likely to stay that way?

Question #4: Do I Like My New Neighborhood?
You could have the most beautiful home on the block - but if the rest of the block is dingy and unkempt, will you enjoy living there? You're going to live in your new house, but you're going to live your new neighborhood, too. Don't forget to take a good look at your would-be new surroundings first!

Question #5: Am I Okay With My New Commute?
Work commutes are shown to have a strong correlation with overall job and life satisfaction. With most of us working at least forty hours per week, your new commute will likely be a drive you make almost every day. Test out the new drive before you purchase so you can get a feel for the roads, the traffic, and the amount of time your new drive will take you. Are you comfortable making the drive every day?

Contact the Fran Campbell Team To Get Started!
If you're satisfied with your answers to all of these questions, then congratulations! It looks like you've found your new dream home at the Lake of the Ozarks! Fran Campbell Team is ready to help you turn that dream into a reality. Contact our friendly Lake of the Ozarks real estate agents to get started!


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