Newlyweds have many firsts that they don’t necessarily anticipate. However, buying a home is probably not one of them but that does not mean that it is easy. Here are a few tips that will help you navigate the world of buying a home as newlyweds.
Hopefully as newlyweds you have some things in common. However, that does not translate into the same dream home. Knowing your similarities and differences upfront will makes the house hunting process much easier. A good way to go about this is to each make a list. Once you have lists of things that are important to you in your new home you can compare lists. If either of you aren’t quite sure what it is that you want you may have to visit a few houses first to spark the conversation. However, discussing this up from will save you a lot of time and headache.
Chances are this is not the first time you will have discussed finances with your significant other. If this is, you probably have a lot more to worry about that planning the purchase of your first home. Regardless you will want to make sure you are both aware of each others expenses and financial capacity. This should help you determine what your ultimate budget will be for your home. It will also give you some idea of what your down payment will be as well as if you are ready to buy a home now or if waiting will benefit you.
Long Term Goals
Again hopefully this conversation will not be the first time discussing your long term goals. However, even if you have spent time planning for the future and discussing your goals as a couple, it is never a bad idea to revisit the subject. This is especially true when buying your home. As well as you might know one another now, you will need to discuss seriously what your life might look like if your goal is to start having children soon or to perhaps take on a new job in the near future. There are many factors in life that can impact what you will look for in a home, and now that you are married you will have to consider these factors twice.
If you are interested in buying or selling a property in the Costa Mesa area, Contact Torelli Realty.