15 Apr Got New Homeowner Anxiety? Read This
If you feel like you’ve gotten in over your head and the new homeowner anxiety has set in, don’t panic.
Buying a home is a pretty big deal and if you think about it: a whole new stage of life. Knowing what steps to take makes it much easier to cut through the different layers muddying the waters and close on the deal without much of a headache.
Even compared to financially dense endeavors, buying a new home has more than a few hurdles that are hard to see coming. It’s tricky business unless you get help.
Never be afraid to consult with everyone you can. Take a realtor for example. If you check the Housing Market Index (HMI) and you’re open to different neighborhoods, you stand a much better chance than someone flying solo for getting a good deal and lower costs.
Clarifying market trends gives you an edge but so does making sure someone’s watching your back. One of the most common mistakes new homebuyers make is accepting a verbal agreement. Make sure you’ve got someone to look over all your documents and anything you sign. Everything should be in writing and you should be able to understand it.
The other big pitfall new buyers can’t seem to avoid is underestimating a sound financial strategy. If you’ve ever wanted to analyze your finances thoroughly, now’s the time. List everything going in and out of your bank account and even credit.
Speaking of credit, you shouldn’t fool yourself into not getting a loan. A history of playing fast and loose with payments and financial obligations is going to hold you back. Luckily, it isn’t set in stone. Review your credit score for errors. They’re surprisingly common and can be fixed before lenders have to take a look at your credit.
In terms of loans, it’s less about you and more about them. If you’re a seller would you be more comfortable selling to someone who thinks they can get you the money or someone who’s guaranteed to have it with a pre-approved loan?
Your home is more than a residence, it’s an investment. If you keep in mind that the resale value can be cashed in later then it’s important you take care of it and think of the whole experience as a carefully planned financial move.
Don’t skip out on the home inspection and follow as many tips as you can to make sure the home is in tip-top shape before you commit. Opting for homes with things like a large yard or extra rooms isn’t a mistake if you keep in mind that your circumstances can change at any time. Luckily, you can make sure that you’re sitting on something that’s worth a lot.
Buying a new home is only as colossal and daunting as you let it be. If you gather information, plan and amass support, new homeowner anxiety isn’t something you’ll have to get used to.
Finding the right home for your wants and needs can be very challenging, At Previn Court Homes, we recognize the peace of mind that a newly built home provides, and our friendly staff takes the time to introduce you to all of the features of our quality residences.
With over a thousand homes built over the last few decades, and plans to build thousands more, we know how to create houses that families call home, and we invite you to explore our models. Contact us to learn more about our homes, or register for priority updates and special offers, and let us help you find your dream home.