Looking for your First Home? Here’s Some Advice from the Experts!
Are you a first-time homebuyer? If you’re considering buying a home at the Lake of the Ozarks, smart choice! You’re investing in a great area of the Midwest with bountiful opportunities for business and recreation alike. As a first-time homebuyer, you’ll likely have many questions regarding the process, and rightfully so! As your premier real estate team at the Lake of the Ozarks, we’d like to provide you with some of our expert insights to help your home buying process go smoothly.
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.
Likely the most important tip on this list, use a real estate professional at the Lake of the Ozarks to help you tactfully navigate the market and lead you to a great new home and smooth closing. They have experience with the area, invaluable negotiation skills, and the ability to find your dream home at a great price. If you don’t already have a real estate agent yet, we encourage you to utilize the expertise and award-winning service of the Fran Campbell Team to help you buy your first home at the Lake of the Ozarks.
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