What You Should Consider When Buying a Home


The journey of buying a home is both thrilling and daunting. It’s a path filled with important decisions that shape the future of your living experience. Whether you’re coming to JudyMac as a first-time buyer or a seasoned homeowner, knowing what you should consider when buying a home is crucial to making the best decision.

Understanding Your Budget

Buying a home is a significant purchase, and determining your budget is as important as finding the right property. You don’t want to sell yourself short and make unnecessary compromises, and you certainly don’t want to become “house-poor” by overspending!

When deciding your spending limit for buying a home, you might be surprised to find out that you should consider more than just the listing price and your monthly mortgage payments. The cost of maintenance, taxes, closing costs, home insurance (and any additional policies necessary for the property, like earthquake insurance or termite insurance, if applicable), and renovation expenses are all costs that must be investigated to keep you from going over budget now or later.

Bonus Tip: Getting a pre-approved mortgage is a must in today’s market and will give you a realistic idea of what you can afford while demonstrating to sellers that you are a serious and prepared buyer. 

Neighborhood Vibes

Buying a home is more than just buying the house; it’s also about selecting the right neighborhood and community to support your lifestyle. 

What do you see when you picture yourself walking through your ideal neighborhood? Are there bustling streets lined with cozy cafes and quirky shops or sprawling yards with trees whispering in the breeze? Choosing the right neighborhood is like picking the backdrop of your life’s next chapter. Each setting offers unique charm and conveniences, so think carefully and realistically about your needs and wants!

Let’s talk yards and green spaces. If you dream of lazy Sundays in a hammock or epic backyard BBQs, you’ll want a place with outdoor legroom. If the thought of mowing lawns makes you cringe, then a smaller, low-maintenance outdoor space might be more your style. And for the little ones, check for local parks, playgrounds, and attractions. These are the places where you can make memories that will last a lifetime.

If you want to make sure the neighborhood you select is well kept and maintained, you might want to consider a community with a Home Owner’s Association (HOA). HOAs are like the neighborhood’s backstage crew. They make sure everything looks top-notch and runs smoothly. From manicured lawns to community pools where applicable, they’ve got it covered. But remember, these great perks sometimes come with rules and fees, so weigh the pros and cons. An HOA can be a dream for some and a deal-breaker for others. Read the fine print carefully; not all HOAs are the same!

One last thing about location—think about the hum of life around you. Proximity to restaurants and bars means easy takeout and airports and train stations mean easy getaways, but it can also mean noise. If you’re a light sleeper, you might not want to risk buying a home with the potential for loud neighbors!

Size & Layout Of The Home

Imagine stepping into your future home. What does it feel like? Is it cozy and intimate, or spacious and airy? Maybe you are planning for a growing family or dreaming of a home office with a view. Or perhaps you’re looking for a snug nest that’s the right size for just you. It’s all about finding that sweet spot where space meets comfort. You don’t want a house so large that your cleaning takes much longer than you’d like, and you don’t want a space so small you feel cramped!

The layout is equally crucial. If you like hosting dinner parties, you’ll probably want an open-plan kitchen. Or, if you’re more introverted, finding a secluded reading nook might be at the top of the wishlist. A thoughtful layout can enhance your daily routine, perfectly balancing shared spaces and private corners. 

The Property’s Condition

As you look at properties to buy a home, you’ll encounter charming older homes, renovated homes, and new builds of all styles. Each property has its own story and creates different feelings and atmospheres. Older homes often boast unique character and time-tested craftsmanship but may hide secrets in their walls. On the other hand, new constructions offer modern comforts and fewer immediate repairs, yet the building crew might not have had your best interests at heart. A thorough home inspection is crucial, regardless of the home’s age. Even new builds might have problems! 

For older homes, pay special attention to the foundation, roof condition, and any signs of wear that could turn into costly repairs. Focus on the quality of construction and finishes, too. Were corners cut, or is every detail meticulously crafted?

Choosing The Right Location

The location of your new home plays a pivotal role in your daily life. When scouting, consider factors like proximity to your workplace, quality of local schools, and access to amenities such as shopping centers, parks, and hospitals. Having your favorite local amenities nearby, such as the FedEx Forum, Mike Rose Soccer Complex, Shelby Farms Park, or even a nearby grocery store and pharmacy, can save you time and impact your quality of life.

Potential Resale Value & Future Planning

Speaking of resale value, don't forget other future considerations.

When you’re buying a home, you’re also investing in your future. It’s like planting a tree—you want it to grow strong and become more valuable over time. Though predicting the value of your home in the future with 100% certainty is impossible, you should still consider the possibilities. Resale value is influenced by many factors, from the evolving dynamics of the neighborhood to future developments in the area. Buying a home is a big investment, and you want to minimize the risk as much as possible.

You must also think about how your needs might change in the years to come. Will your family grow, or will you eventually need a home office? Maybe you’ll crave a quieter environment as you retire. 

JudyMac Is An Expert And Can Make Home Buying Simple

In your journey to find the perfect home, remember that JudyMac is here to guide you every step of the way. From understanding budgets to choosing the right neighborhood, we've got you covered. Ready to start this exciting adventure? Contact Judy today on her cell at 901-277-5839 or email her at [email protected] to get started. Let us turn your dream home into a reality!


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