Buying a home after getting married can be a lot to take on, so here are a few tips for newlyweds to make the process go off without a hitch.
Are you just married? Congratulations! If you and your spouse are thinking about buying a home, I want to talk about a few tips today that you should keep in mind to make the process go smoothly.
First, you must get your financial qualification figured out. Financing will drive everything in your purchase, so make sure you connect with a good lender and work off a budget that won’t stretch you too far. Figure out your down payment, your monthly payment, and what kind of inventory you can get within your specific price point in a neighborhood you will actually like.
Next, ‘right-size’ your life. That means if you plan on having five kids eventually, it probably doesn’t make sense to buy a 6-bedroom home now because that’s far more expensive than what fits your current lifestyle.
Also, stay proactive about safety when looking at neighborhoods. If you’re concerned about the safety of a certain neighborhood, you need to investigate it through the online resources that law enforcement offers. We always provide these tools to our clients.
Lastly, keep communication open with each other. Buying a new home after just getting married is a lot to take on, so keep the lines of dialogue open with each other so you make the right decision as a team and buy the right home for your collective lifestyle.
If you have any questions about this topic or know any other newlyweds who could benefit from having a conversation with us, please don’t hesitate to give me a call or send me an email. I’d be happy to help!