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Wednesday, April 12, 2017

How to Find the Right Home for You

The first step in finding the right home for you is knowing how much you can afford. This is a time to be realistic, no matter how much you may want that lavish home of your dreams. You should start with some simple arithmetic before officially beginning your search for affordable Charlotte real estate. Take 28% of your gross income and that should be the extent of your mortgage payment. Those payments could be below 28%, but try to not let it exceed that mark.

That mortgage payment is meant to include your property taxes and homeowner’s insurance as well. It’s a good idea to take some time to figure out that total in addition to the cost of regular upkeep and monthly. Then, it is time to talk to a realtor.

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The first thing a realtor will want to know is whether or not you have been pre-approved for a mortgage. Without that pre-approval, real estate agents are not assured you can actually afford that home. This is another essential step towards finding the right home for you.

Once you are pre-approved for a mortgage, the fun part can begin. That starts with deciding how many bedrooms and bathrooms you want, in addition to many other features. Some people prefer single homes with a large backyard yard while others opt for townhomes with much less outdoor maintenance. It is important to list your preferences as it will identify what you want and, more importantly, what you don’t want in a home.

Location is also a big factor in finding the right home for you. Before you narrow down your list of homes, do a little research on the area where you intend to live. Inquire about the school district, crime rate, median household income and local demographics. Finding the home of your dreams in a neighborhood you don’t particularly like could make for an unhappy future.

More than half of all homeowners cite location as the most important factor that goes into buying their home. That means that you should come up with a search area before you start looking at homes. The neighborhood is just as important as the number of bedrooms and bathrooms.

If you are now ready to find a home in Charlotte, North Carolina, visit purenc.com and begin your home search. You can also contact a Charlotte realtor for additional assistance.

PURE Real Estate is staffed with a team of experienced agents who are ready to find the right home for you. As you embark on this exciting process, take advantage of the services offered by PURE Real Estate as we can guide you along the way and help find a home that fits you best.