First comes love, then comes marriage, then comes…a mortgage?
If you’re newly married, buying a house probably isn't too far off. But you'll want to consider some important things before taking out a mortgage.
Newlyweds who are looking for a house should consider school zones and space to grow if you're going to have or adopt children. Finding a good newlywed house can be tricky, which is why you should use a good, qualified agent near you. Our friends at Clever Real Estate can help you find a top-performing, pre-vetted agent in your area.
Clever offers a free agent matching service that pairs you with several local agents to choose from. You'll get qualified agents from brokerages like Keller Williams, Coldwell Banker, Berkshire Hathaway who won't just help you buy a great house, they can also get you cash back!
In 41 states, you can get 0.5% cash back after closing just for using a Clever agent for home sales over $150,000.
Have a Budget
Before you get swept away with your house hunt, you need to determine how much money you have to spend on one. Consider your costs carefully, and don’t neglect to factor in things like a down payment, property taxes, and HOA fees.
As you evaluate your personal finances, be sure to keep future goals (including whether or not you plan to have children), retirement contributions, and job stability in mind. And don’t forget to build in a buffer of savings money you can set aside for anything unexpected that life throws your way.
Once you’ve defined your ideal lifestyle, set a house budget that works with your income and long-term goals.
Agree on Must-Haves and Nice-to-Haves
You’re not going to find a home that has every little thing that you want, but having a list of priorities will help guide your decisions.
You’ll want to make two lists. On the first list, write down everything that you absolutely must have in a home. This can include things like number of bedrooms, distance to your work, and so on.
Then, make a list of things that you would absolutely love to have in your home, but that wouldn’t be deal breakers for you. This will include things like granite countertops, a three-car garage or a pool.
If you don’t have a clear idea of what you want, consider visiting a few open houses to get a better idea of what you like or don’t like before you start on your lists.
Having these priorities will help you narrow down your house hunting criteria and will give you a clear direction for your search. Then, when you do start touring homes, your lists will help you narrow down your options.
Evaluate Your Long-Term Plans
You may not be used to discussing every detail of your life with your partner, but as you prepare to make a huge joint financial investment, it’s important that you talk about your future. Life in a downtown high-rise condo is a lot different than the life in a move-in-ready single family neighborhood home.
To figure out what you both want, discuss your goals, plans and desired lifestyle. Also, talk about your individual priorities and budgets to make sure the home you end up with fits your vision. Communication is absolutely critical in determining what kind of home will be the best foundation for both you and your spouse.
By taking your time, defining your budget, prioritizing what you want, and planning for your future – you and your spouse will be in a great position to find the perfect house to make your home.
Save Money With A Cash Back Program
If you live in one of the 41 states that allows for cash back after closing, consider our friends at Clever! On a $500,000 home, you would get $2,500 cash back after closing, just for using a Clever agent.
Clever's agents are pre-vetted so you'll be in good hands. And with the extra money you get after closing, you can buy something responsible, like a new couch. Or just splurge on a big TV.
Interested in buying or selling?
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