Homes First-Time Richmond Homebuyers Should Steer Clear Of
First-time Richmond homebuyers have plenty of types of homes to choose from when making a their initial purchase. Because of this, it is easy for Richmond homebuyers to feel overwhelmed at times when trying to make a decision.
Even when you think you have found the perfect Richmond home for you, doubts can start to creep in. Is it really the right one? Are you buying too soon? Can you really see yourself living here for years to come?
While there is no magic formula to ensure Richmond homebuyers end up in the right home, there are some steps you can take to avoid landing in the wrong one.
If you are first-time Richmond homebuyers, consider steering clear of the following home types.
No Room for Growth
Just because you do not yet have any kids – and may not be thinking about them any time soon – “life” happens. Even the best laid plans are susceptible to changing. And when “life” happens it will not take long for the tiny two-bedroom home are considering to instantly be too small.
Too Much Room for Growth
That being said, first-time Richmond homebuyers do not necessarily need the biggest home available either. Keep in mind that just because you “qualify” for the home does not mean that you should max out your mortgage in order to buy. Be smart when home shopping and avoid putting yourself in a situation where you paying a big mortgage that is completely unnecessary.
Too Much Work
Today’s TV shows make the process of buying a fixer upper look fun and easy. But you are not privy to all of the expensive behind the scenes work that is going on to make the project happen.
First-time Richmond homebuyers would do well to consider a fixer upper that only has a couple of big projects along with a few DIY weekends planned. But if you are looking at multiple major overhauls which you will need to contract out, you might be better off moving on to another Richmond home.
Too Good to be True
You have found the diamond in the rough, a beautiful home well below the prices of the other Richmond comps. Before you begin celebrating too hard, take the time to analyze why this “too good to be true” deal exists. While great deals can be found, they are not that common.
Ask yourself the hard questions before you get too far along in the process. Is there a concern about the location? Is there a possibility that you have uncovered some issues? Are there future plans for the neighborhood that you are unaware of?
While you might save some money up front, there could be a reason why this deal is what it is. And that could end up costing you down the road when the time comes to sell.
It will not take long for first-time Richmond homebuyers to see how many different choices are available to them. And with so much information coming your way, it can be difficult to have a wide perspective when looking for your new home. But in order to put yourself in the best possible situation, you must think big picture.