Ignite FB Tracking PixelReady to Buy Your First Home? - Donna Budoff
Ready to Buy Your First Home?

by Donna Budoff 03/31/2019

Everyone wants to own a home of their own at some point in their lives. There is only one first home, and you don't get a second chance. Well, you get a second or third if you want, but that first experience can have a significant effect on how you feel about homeownership. So, here a just a few common sense tips. Unfortunately, common sense isn't always common.

First, slow down. There is no rush to buy that home. When you hurry, you put pressure on yourself to get it done, and you overlook things that can cost you time and money down the line. Sometimes family puts pressure on you to buy your first home so that you can start having babies and they don't want their babies living in a little apartment. Again remember, you are the one who has to live there and the one that has to pay for it. So all those people putting pressure to buy really should not have that kind of influence unless they commit to the full responsibility of the homeownership.

Second, be realistic about the cost. You commonly hear that it is cheaper to own than to rent, and depending on the point of view that can be true. Most people are saying that based on just principle and interest. But have you ever driven through a nice neighborhood and some houses are really kept looking nice, and then there are those houses that the yard is a mess? The grass is not green, flowers and maybe even trees are dying — the actual physical house kind of looks a little run down. You think "this is your home, why are you not taking care of it?" Well, there is a thing that as renters you never have to deal with, and it is called upkeep. Also, utilities like water can get expensive.In a lot of cases, the homeowners bought as much as they could afford in payments without having anything extra. So now they do not have the money for the excess water to water the grass or buy new plants or clean the shutters or fix a window. Take time to understand what your budget is currently. Could you right now—outside of your rent—put an extra twenty to thirty percent of your income into a savings account and have it not affect your food budget? If you can START. RIGHT. NOW. Remember you do have to have a down payment too, so if you don't have it in hand, you have to start saving for it.

Third, look at homes. Do not engage a realtor yet! They have one job, and it is to sell you a house. Right now you are not to that point, so do not put that pressure on yourself. Start driving around neighborhoods and start observing different things about them. Start getting into the habit of seeing the little details of each home. Go online Friday night and find the OPEN HOUSES that are going to take place on Saturday and Sunday. Determine which ones you would like to see. Look at ones that are way out of your price range, ones in your price range, and then do not miss the ones that are way below your price range. Remember it is better to be way below your budget than at the very top end. As you go through each of these homes, do not just wander through. Take your time to look at the details. Not only the cool aspects but the little things that show that might be wrong, a link in a sink, marks in the walls and doors. These opens houses not only help you figure out what you do or do not want, but they also help you not to miss things when you are ready to buy and find the house that you would like to purchase. There is nothing worse than buying a home and after you moved in you start seeing things that are an issue that you do not remember being there before you purchased.

It is all about the details and since you have never purchased a home before you need practice paying attention to the details so you will be the best buyer you can be when you have your downpayment ready.

One last note, when you visit these open houses, the realtor usually wants a contact number for follow-up. If you are not ready for that pressure, let them know you're just in the preliminary stages of looking. A home could be the biggest purchase of your life, so go into it relaxed and prepared.

About the Author

Author
Donna Budoff

Hi, I'm Donna Budoff and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional like me by your side. I'd be honored to put my real estate experience to work for you.

Here's what some of my clients have said about me.

Thanks to Donna, the process of selling our home was, while sometimes stressful, seamless. Donna was very hands-on, professional, knowledgeable, and always available to answer any questions or concern. She was with us every step of the way, from providing a home stager and professional photographer at the beginning, to being there for the walk-thru and closing. We would definitely recommend Donna to anyone who is thinking of buying or selling in Rockland County. 

Lori and Robert MacLeod

  

Realtor Donna Budoff recently helped us sell our home in Suffern, N.Y. From our first interaction to our last with Donna she was the consummate professional. I can't imagine anyone working harder for a client. Donna always went above and beyond our expectations in order to sell our home. This included hiring a stager to optimize the look of the home, running multiple open houses for other realtors and potential buyers, and keeping in close touch with us in a very timely manner. Even when we didn't call her she called up to keep us informed. Donna is a kind, caring person who listens carefully and respectfully to her clients and answers every question knowledgeably and in a timely fashion. Once our house was sold the transaction went smoothly in great part because Donna followed through on all of the details, even the smallest one. She made what could have been quite a stressful situation a positive experience. It was indeed an absolute delight working with Donna Budoff to sell our home. I would highly recommend Donna to anyone who was interested in buying or selling a home. She is the best!