Buy Your First Home in 2017

It’s your first time buying a home. You’re excited and a little nervous. A good idea is to sit down and make up a list of New Year’s Resolutions for buying your first home. So what should be on your radar?

Resolutions for Home Buyers

Build your own or buy existing?
There are advantages to both. If you are looking to get into a home soon, then an already existing home may be your best bet. Having a custom home built could take six months or better. With an existing home, you may have to make concessions, so decide what is important to you.

Figure out your budget and stick to it.
You know that there are monthly obligations that you must meet, bills you must pay. If you haven’t already, then start keeping track of what goes out each week and month. Even those little things that you don’t normally consider when making up a budget. Do you usually go out for a morning coffee before work? What about your online video streaming service? Little things can have a way of piling up. Once you have a good idea of how much income and outgo you have, find an online mortgage calculator to help you get a rough estimate of how much you can afford to spend on a house.

Buy now with an eye toward the future.
When buying a house you have a lot to consider. The housing market, school districts, neighborhoods, the list goes on. Make sure that you think about what direction you want your life to take in the future. Are you planning a family? Is convenience important to you?

Home ownership is within your reach. Simply sit down and decide what you want and what you will be able to get. Contact the team at TPG, we’ll┬ábe happy to help!