3 Essential Tips When Shopping for Your First Home In Las Vegas or Henderson NV
Shopping for your first home, on the face of it, can appear an easy task. What does it take to dive into a pile of glossy brochures or leaf through a couple of websites? But buying a home is like few other purchases you’ll make. It is a costly affair, and it is something you will do once and, hopefully, won’t have to do again for many years to come.
Seeing the size and importance of the investment, it is wise to be cautious when buying your first home. You can use the following point as beacons on your journey to finding the right house.
If you’re just starting in your career, you might not be in a position to afford your dream home just yet. Since you will probably need a mortgage to finance the purchase, consider if you will be able to comfortably make the monthly payments for the kind of house you want to buy. Thankfully, most lenders will have a calculator on their websites to help you out with the math. A rule of thumb is that the repayments should not consume more than 25% of your net income. You can scale down your dreams to something more affordable for the present as you plan for a larger place in the future.
Research about the environment
If you have school-going children, you will want to know about how well the schools in that area perform. You will also be interested in the general level of security in the neighborhood. How near your home-to-be is to shopping malls and places of recreation will also be important considerations for any young family.
Coming across this information should not be too hard in this age of Internet forums and Google Maps. However, there is no substitute for first-hand knowledge. Take time to drive around the area and talk to current residents.
Pretty as a building may seem, it may not be as structurally sound as it should be. Your real estate agent can help organize a thorough examination of the property you have your eye on to check such things as:
- Condition of the foundation
- Electrical wiring
- Age of the roof
- Susceptibility to flooding
While this complete process may take time, it is essential to do it and do it well. You don’t want to inherit recurrent issues that will cost you a fortune to fix.
If you are a first time buyer in Henderson or Las Vegas please reach out to me to help you through the process.