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Planning Ahead for your Home Purchase


 

A home is often one of the largest investments many will make in their lifetime. Purchasing a home can be difficult because you need to find something for where you are at now, while still thinking about where you will be in the future.

Because of this, taking some time to plan ahead is important to make sure you don't have Buyers Remorse. To make the right choice on your home purchase, consider these three tips: 

Assess Your Current Situation- Why Are You Moving?

Most people moving out of one place and into another usually have very specific reasons for doing so. If one of your reasons is that you need more space, be sure that the homes you're looking at offer exactly that. Taking a measuring tape and measuring the spaces in your home will give you a very clear idea of the space you're working with. Don't simply make a total square footage comparison, compare room sizes in order to ensure that they fit your space needs. If you're moving out due to noise issues, visit your potential new home during different times of the day in order to ensure it won't present the same issues. Don't be shy about doing any of this, after all, this is one of the biggest investments you will make.

Consider Future Growth

A small home may seem ideal now, but if you're planning on having kids in the near future or having your in-laws move in, you will need more space. Before purchasing a home, think about how much time you plan to live there. If you're planning on staying for a long time, make sure your plans fit in with the home you're purchasing. An extra bedroom or two can also add a lot of value to your home when you go re-sell. 

Location Really is Everything

Location, location, location. Not only will your home's size have to fit in with your future plans, so will the location of the home. Do you plan to stay at your current job for a significant amount of time? Make sure to find something with a commute you won't mind in both the summer AND Minnesota winter months! If you're planning on having kids, research the local school district and how it compares to others nearby. Other things you may want to research include crime rates, road conditions, and distances to important places like your friends or family nearby.

 

We hope these three tips for buying a home were helpful for you! Work with Bankers Title & Bankers Closing Services for your Minnesota home closing today!

 

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