A Story by Michele Kreinheder | Updated 01/30/2015 4:43am
The idea of buying a home on your own might seem intimidating at the beginning. Being single doesnât mean that you cannot handle the process. Sometimes you donât need another person to complete the dream to own a home. Let love knock on the door of your new house.
Admittedly, purchasing an estate is not an easy task. And you thought that house cleaning was tough. At the end, though, you will find it rewarding as you gain new confidence in your own abilities.
Balance Your Needs and Wants
This is a long term commitment and you need to approach it as such. Buying a home requires a serious investment. Plus, this will be your personal place, so you better enjoy it. Ask yourself what type of home do you need. You might fancy a huge house, with a big yard but will you make use of it?
Be honest about what you really need. Try to align expectations and functionality. Create a list with all the features of your ideal home. But be ready to drop some of the items in it. Stay flexible. The chances of finding an estate that satisfy all your requirements are minimal. Donât give up a great place, only because it lacks some detail. Now as you have a clear vision about your future home, you need to think about the budget.
Check Your Finances
This is the most challenging aspect of home buying. As a single, you will need to put additional effort to prove that you can afford the property. Itâs advisable to meet a mortgage broker before starting viewing homes with an estate agent. The expert will help you make the most of your one â person income. Ask your mortgage broker to go through the credit report and all the papers together, before going to the bank. Get an idea for what you actually qualify, based on your affordability. Lastly be sure you leave the brokerâs office with a pre â approval. This will give a competitive advantage on the estate market, even if you donât have a partner.
Online is one of the best starting points. You can also ask around your friends. When researching, pick an area that has low crime rate and is tranquil in general. This is vital for any single woman. You donât want to be afraid to get back home after the sun goes down. When you settle for a certain place, you should visit it both during the day and the night. Some neighbourhoods transform completely when the night falls.
Find a Good Estate Agent
Donât make compromises with the person who will be your best friend during the process. You can ask a relative for recommendation. If not, you should better turn to an estate company that has long experience on the market.
Donât skip this step. Get a first person impression. The place might call for a simple domestic cleaning or some serious repairs. You donât want to spend additional money on home improvements.
Big is Not Always Better
You might be tempted on getting a huge place only because of the great view or the idea of big house. Larger space requires more efforts. This means more house cleaning and larger utility expenses. Make your life easier and save money, by picking the smaller but cozier home.
I am Michele K and I am a real estate agent located in Long Beach California. Empowering women by helping them navigate a home purchase is my dream job come true. Call me today and let's get house hunting together!