Buying a home is more than just finding the right neighborhood. According to Realtor.com, there are 3 kinds of homes to avoid for first-time buyers: The Money, The Bloater, The Cozy One. Let me explainÂ a little further in detail why these are homes to avoid.Â
This home is the one that has a lot of potential. It’s the one that you find yourself saying, “If only this was fixed, it would be perfect.” You may even find yourself saying this multiple times throughout the showing. Many people like the idea of fixer-uppers and getting to add personal touches, but if you’re not careful, you may be in over your head. Don’t pick a home that has an overwhelming amount of projects. If it does need some things done, know ahead of time what those projects are and how much it’s going to cost Â you. You don’t want to run out of money before you even make the bathroom usable.Â
This home is the big and beautiful one that has all the bells and whistles. It may have everything you ever wanted (and even things you didn’t know you wanted), but it can be really expensive. Homes like this usually come with a big mortgage payment and high utility bills. Along with the monthly costs, upkeep can cost a pretty penny as well. For example, that roofing job or painting job will cost way more with all the extra square footage.Â
Yes, with this home, you’re avoiding all that comes with “The Bloater,” but if you go too far on the other side, you may be causing other problems. Make sure you give you and your family a little room. Having five people share a bathroom can get annoying real quick. If your bedroom has such a teeny closet that you’re having to stuff an armoireÂ into the too-small room, you’ll quickly be busting at the seams. Make sure you give yourself some room to live.
It’s all about finding the right fit. What are you guys wanting, what can you afford? What may qualify as “The Cozy One” for one person, may be perfect for another, so we’ll find the one that fits all your needs and that can becomeÂ the home you’ve been dreaming of.Â
Give me a call today and we can find the right fit for you! 480-329-7489!Â
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If you want to learn about some financing options, or if you’re looking to get pre-qualified, contact Marc Trejo at Sun American Mortgage Company: 602-743-4885.