Posts from February 10th, 2020
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February
10
10
What To Look For In A Starter Home
A starter home is your entry into homeownership. Often starter homes are pictured as smaller properties that are more manageable for a young family to own and maintain, and something, you'll eventually grow out of and sell. The truth is that a starter home is what you make it. The exact home is the one that suits you, but there are some tips to make first time ownership easier.
Our REALTORS® know first-time buyer concerns and have some tips to get you started.
- Estimate Maintenance Costs
One of the benefits of renting is that you have a maintenance person who fixes things when they break and a landlord who replaces appliances that don't work. When you own a home, that support comes at a cost. The cost is definitely worth it because you are investing in your own property and equity. When you're in charge, you can choose and customize as much as you like, including that smart refrigerator with built-in grocery inventory. But if you aren't super handy or on a limited budget, you may want to start with a smaller and more simple property to avoid larger maintenance concerns. The smaller size will help keep things manageable so you can focus on enjoying the home at your budget now. - Don't Skip Inspections
Always get a quality inspection even on new builds. Newer isn't always better, so make sure you are looking for quality construction and materials. Many older starter homes have enormous potential. It's important to identify potential problems and understand the needed repairs before getting started.