The Best Way for First-Time Homebuyers to Search for Their Dream Home

Here’s the best way for a first-time homebuyer to search for their dream home: with a priority list. Being a first-time homebuyer can be daunting, but a priority list can be the best way to help homebuyers with their search for their dream home.

To get started, homebuyers should narrow their choices by writing down everything they’d love to have in a new home. Once this list is finished, homebuyers should prioritize with a real estate agent so it is possible to start searching for a new home with these elements that fit the budget.

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A homebuyer’s list should include these four key elements: location, size, amenities and condition. Asking these important real estate questions will help future homeowners determine the specific home features their family wants and needs now and in the future.

For location, homebuyers should think about where they like to shop, where their children will go to school, where they work and where their friends and family live.

With size, homebuyers have to think about the number of bedrooms they want, how big of a backyard they’d like and what kind of storage space they will need. If your family plans on staying in the home for five or more years (and you should), you’ll need to plan for the future as well. Will you have children? Are your children moving out for college? Do you want to get a dog or start a business with an in-home office?

Amenities include all the great extras homebuyers would like to have, including a garage, swimming pool, fireplace and hardwood floors. This is the area where homebuyers may need to compromise the most for the sake of their budget. It is a good idea to be realistic and keep in mind that it is always possible to renovate a new home in the future, but homebuyers should not be afraid to dream big and be honest with a real estate agent about what they desire. After all, it could be out there.

For condition, homebuyers should consider whether they want a home that’s in move-in shape or is a fixer-upper? A new home could cost more but a fixer-upper could require a big time investment.

People looking for a new home have a lot to consider. Priority lists are a great first step toward better communication between families and real estate agents.

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About Ilyce Glink

Author of 13 books, including the bestselling 100 Questions Every First-Time Home Buyer Should Ask. Writer of the nationally syndicated column, “Real Estate Matters.” Top-rated radio host in Atlanta. Writer for CBS Managing editor of the Equifax Personal Finance Blog.
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© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating please contact us.

One Response to The Best Way for First-Time Homebuyers to Search for Their Dream Home

  1. Rita NIeto says:

    I have been renting for about 2 years and am interested in buying the home I currently live in. The landlord is willing to sale. What do I do next?

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