Four Things You Need to Know Before Buying a Home

As exciting as it is to buy a home, the process can be overwhelming, particularly for first-time buyers. In hopes your home buying process goes smoothly, we’ve compiled a list of the top three things you need to know before buying a home.

  1. Should you buy or rent?

Though the popularity of renting has grown in recent history, home ownership is still an integral tool to building long-term wealth and stability. With rent prices increasing rapidly, buying a home is even less expensive in most cases.

  1. Is a fixer-upper for you?

While a fixer-upper may seem more affordable, it could backfire quickly. Not only are renovations like an updated kitchen or master bedroom costly, but old homes may have structural issues, roof damage, and other serious problems that may be extremely expensive and need immediate attention. Some unforeseen issues can even render the home unlivable, forcing you to find a new place to stay while your homes under construction.

Though a home inspection should give you a good idea of exactly what you’re getting into before purchasing a fixer-upper, buying a new construction townhome will allow you to have the home of your dreams the moment you move in, with less headaches and fewer expenses.

  1. What are your deal breakers?

As you look for a home, you should determine what you absolutely need and what you could live without. Do you need three bedrooms and an open kitchen? Could you live without granite countertops and a walk in closet?

When shopping for a home, you may have to sacrifice what you want for what you can afford. Fortunately, with a townhome at Colony Reserve, you don’t need to choose between a spacious floorplan, the finest finishes, and staying within budget.

Now that you know what you need to determine before buying a home, it’s time to see if Colony Reserve is right for you. Contact us for more information.