Eazy Tips: A Guide For First Time Home Buyers
- July 22, 2021
Whether it’s climbing a mountain, skydiving, moving to another city, or buying a new home, the challenge of doing something for the first time can be just as scary as it is exciting. The success of your home buying experience is largely dependent on how prepared you are for the daunting experience. To ensure you triumph as a first-time home buyer, here’s what you need to know and do for the journey ahead.
There are a few things that you need to do, and questions you have to ask in other to be prepared for your journey as a first-time homebuyer.
Start saving early. Buying a home for the first time comes with some costs. As a first-time homebuyer, you need to save for your down payment, closing cost, and move-in expenses.
What type of home can you afford?
Homebuyers are advised to strike a balance between what they want and what they can afford. Your budget should be flexible enough to satisfy your requirements for a new home, but also friendly on your finances because something most first-time homeowners fail to realize is that the journey doesn’t end with buying the house.
What type of home do you need?
Homebuyers are often enthusiastic about becoming a homeowner. A zeal they channel into the homes they purchase, failing to factor certain things like their status and finances which would ultimately help them in choosing what they need, house wise. A good example would be a buyer who’s single and travels a lot due to work acquiring an enormous property with a large number of rooms. Not only is this choice heavy on the buyers’ finances but also gives room for the unoccupied rooms and unutilized facilities to fall to ruin.
Get a good real estate agent
A good real estate agent is basically a home buyer’s guardian angel. Their expertise helps first-time home buyers ensure there are no setbacks or challenges in your journey to becoming a homeowner, and should they occur, they are easily handled. A good real estate agent is your compass to locate houses that meet your needs and are within your price range. They accompany you to see these homes and once you’ve made your choice, they handle the negotiation, purchase process, and paperwork.
It is time to back up your research with actionable steps to actualize your goal of becoming a homeowner. The home buying process can take anywhere between a week and a few years. It can be difficult to navigate, especially for first-time buyers. Thankfully, with the help of the steps taken to prepare which were listed above, it should be considerably easy from thereon. You can now search for listings and craft your first offer. A good place to start–and end would be Eazy Homes. The company serves as a one-stop-shop for all your property needs with a team of real estate professionals who are active in every major market in Nigeria. Beyond a property, Eazy Homes offers you a promise of memories and milestones in a home that suits your goals and personality. After your home inspection, preferably if it doesn’t reveal any significant problems, you should then close the deal. Although the home buying process can be intimidating, it is not impossible. With the right prep, you will have an amazing experience as a first-time homebuyer.
Congratulations on your new home! You’ve moved into your new home and it truly feels like one. At this stage, you want to ensure that you properly utilize your new home while living a fun and secure life as a new homeowner. Hence you need to;
Keep saving. Homeownership comes with additional responsibilities and unexpected expenses. It’s important to never be caught off guard when these costs arise.
Improve. It is your home and the limitations that come with a rented property do not apply to you. You have free reign to do and undo whatever you like in your home. Improve and modify your home to your taste and satisfaction.
Pay taxes. Paying appropriate taxes associated with your new home is essential for a homeowner as it ensures you enjoy certain services like uninterrupted power supply, security, private water supply, and other benefits like access to a gym and swimming pool which is common in high-brow areas/estates.
Perform Regular Maintenance. Never forget that you spent quite a lot of money on acquiring your home. Hence, it is important you take care of it via regular maintenance as time goes by. It helps reduce repair costs by allowing problems to be fixed when they are small and manageable.
Enjoy Your Home. Your dream of becoming a homeowner has been finally achieved. We implore you to not hold back. Enjoy your home as you please, experiment with creative designs, invite your loved ones over, make memories, simply enjoy your home to the fullest. You earned it.