Tips to Finding Your Dream Home

How to find a beautiful place to call home

Tips to Finding Your New Home

You are anticipating your beautiful wedding day! You desire to spend the rest of your life with the love of your life in your nice comfortable home with a beautiful garden. On the other hand, perhaps, you just got married to your best friend, and haven't purchased your dream home yet. You are looking for an extraordinary house to call your own! A place to be a safe haven for you and your family. You dream of raising your children in a home where you can invite family and friends over for barbecues and dinners. 

There is a lot to think about when purchasing a house because you will be paying for the home for a while unless you have some big finances stored away at the bank.

You need to make sure you don't rush the decisions you make in purchasing a home. You want to make an informed decision about whether the home you like is affordable, in good shape, and worth investing your money and time in. After all, a home is an investment. 

There will be many factors that affect your purchase decision; such as your credit score down-payment amount, location, and the house plan.

Credit score

Make sure you are paying your bills on time because banks look at your payment history to see if you are trustworthy enough to extend a loan. If you haven't been a good payment master, there is no time like the present to begin cleaning up your bad debt, by starting to pay things on time. Find out what all is affecting your particular credit situation, and work on it.

Save for a down payment

When looking for a house to call your own, count the cost. Make sure to look at the amount of money you bring home minus the monthly debt you have to pay. Most lenders desire you to put at least a 20% down payment.

According to consumers advocate
"Here are several loan types that allow a smaller down payment amount:
FHA: The Federal Housing Administration offers 3.5% down payment mortgages through participating lenders. FHA loans are also easier to qualify for and have slightly lower rates than conventional mortgages. 
GSE-backed loans: Fannie Mae and Freddie Mac are both currently insuring 97% loan-to-value loans. That enables lenders to offer 3% down payment mortgages to qualified buyers.
USDA: Homebuyers in rural and suburban areas may be able to qualify for home loans offered by the U.S. Department of Agriculture. USDA loans offer low rates and 100% financing.
VA: Eligible veterans, as well as active duty service members and their families, can qualify for Veterans Administration loans. A VA mortgage requires no down payment or mortgage insurance."
upstairs House
Decide on a great neighborhood for your family

There are various factors that determine what your house payment will be such as

  • The amount of the house
  • The Interest rate
  • And the amount of time you have to pay for your new home.

Mortgage interest rates are influenced by various economic factors, such as

  • Inflation
  • Federal Reserve policies
  • Economic growth indicators
  • The bond market
  • The housing market

Amortization is the range of time that you'll have to repay your debt in full for the house. 
Take a look at this mortgage calculator.

Location Of Your New Home

Make sure your potential home is in a safe neighborhood. Yes, things can happen anywhere, but your goal is to have your family in a place where there is not a huge history of criminal activity. When thinking of purchasing a home, check with your local police for, reports of criminal activity in that neighborhood. 

You should also check to see if the schools in which your youngsters will possibly attend are good educational facilities. 

  • Are they taking the time to help the students excel in their work?
  •  Is there an extreme amount of violence at the school? 
Ask someone who has been there or is still attending the school. It's sad that we have to think about these things, but at least you can way your options ahead of time if you have researched a lot of factors before purchasing a home. You should way out what matters the most to you, and let those things be the criteria on which you base your house-hunting decisions.

kitchen with island
Kitchen Floor Plan

House Plan

There are a variety of plans for a house. There are so many choices to choose from. Here are a few of the many things you will have to make a decision on.

Whether you want an 

  • Open or Closed floor plan
  • Walk-in closet
  • Number of bedrooms
  • Number of bathrooms
  • Car garage
For some people, it doesn't matter. They just know what floor plan they want when they walk into a house. They fall in love with that particular plan, and may even imagine growing indoor plants for the interior design of the house; as well as, outdoor plants to view in the yard. Some even envision what their home decorations will look like in the beautiful space they choose to call home.
plants in front of the house
Plants for the inside and out.

The Wiring of the House

Don't forget to have the electrical wiring of the house checked before purchasing your new home. The wiring can have an effect on how well your appliances work; as well as, help prevent electrical fires that can cause a risk to your family's life and finances.

After you purchase the house

There are also some things you want to maintain after you purchase the house. For instance, you should make sure to keep the maintenance and appearance of the house for years to come. This will help you get your money worth out of the property you buy.

Maintain the house by 

Now you know some details about getting ready to purchase a house and maintaining it. Take a little extra time to check and see if you need mortgage insurance to cover your family, and do some more research and get the house of your dreams. Also, learn how to pack for a move ahead of time. I wish you blessings and much success in purchasing the perfect house for you and your family! 

Related: Things to Keep in Mind for a Stress-Free Move

Listen to Tips on saving money

Arica Green

Author: Arica  Green (Arica G) is the Founder and Editor of  Inveigle Magazine. She created a premiere Lifestyle, Fashion, and Beauty Magazine to entice you towards positive change and increase the quality of life. With Arica's love for writing and informing the Universe about a variety of topics, Inveigle Magazine was born. Follow us @ Inveiglemagazi1 & on FB . View more articles by Arica Green

Inveigle Magazine

Arica G

Arica G. is the founder and Editor In Chief of Inveigle Magazine and Inveigle Magazine Podcast.

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