Thinking About Buying Your Very First Home?

Buying your first home at the Lake of the Ozarks is exciting but we also understand that it can be a little nerve-racking. Typically when you do something for the first time, you'll have some questions and you may not understand the process fully - buying your first home is no different. That's why today, our real estate team at the Lake of the Ozarks has some advice for the first-time home buyer!

Get Prequalified or Preapproved ASAP

Most of us can't buy a house without getting a mortgage loan. The loan approval process is a winding journey all on its own; depending on your progress on that particular journey, you can either aid or hinder your home buying efforts. Before you begin seriously shopping for homes, we strongly recommend you talk to a lender and get prequalified or preapproved. This will be very helpful going forward!

Choose Location First

You can change a lot of things about your new home after you buy it. You can repaint, remodel, and renovate anything you want, but there is one thing you will never be able to change: location. Before you even begin shopping for homes, you should choose where you want to live. There's no point in getting your heart set on a property that's in the wrong place.

Always Think Resale Value

It doesn't matter if you plan to live in your new home for five years or thirty-five years - when you're buying a house, you should always think about how much you will be able to get for it if/when you decide to sell in the future. Resale value can be affected by many different factors, such as the local school district, nearby construction, the view, and quality of the home. Ideally, you should make sure you're buying a home that you'll be able to sell easily (and for a profit).

Factor In The Cost Of Home Improvements

Honestly, the odds that you will find a home you absolutely love and don't want to change anything about are pretty slim. Almost every buyer wants to change things about their new home after they move in, whether it's as simple as repainting the extra bedroom or as drastic as remodeling the kitchen. Regardless of what your plans are, be sure to consider the cost of your desired home improvements and make sure you set aside enough money to cover them.

Use a Real Estate Agent 

It's important to use a real estate agent at the Lake of the Ozarks to help you navigate through the real estate process. They will be able to guide you through the processes of buying a home and help you find the home you are looking for. If you don't have a real estate agent yet, Fran Campbell Team is here to help! our team would love to help you find your very first home!

Contact the Fran Campbell Team to get your home SOLD!


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