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How to Choose a Neighborhood?

Step one: Profile your perfect neighborhood.
You need to consider a neighborhood that reflects on you and your personality. You will have to make compromises, but put the “must-haves” at the top. Put the “would- like-to-haves” at the bottom. Here is some questions you can ask yourself if you are not sure.
-Do you have children or are you planning to have children anytime soon?
-What type of home do you want?
-How far are you willing to commute?
-Do you want to be in a historic neighborhood or a new development?

Step two: Zero in on the area
Either you are moving to a different neighborhood, within a city. Or you are moving to a different city. If you are moving to a new city, you will have to do more research on cities or states, even. Start by picking a part of town to search in. Like where you job is located, or where schools are.

Step three: Get the suspects
With you area in mind, start researching information. Find interesting facts about different areas online. Ask real estate agents for recommendations. Compile all information you can, including: school information, crime statistics, parks and recreation, neighborhood associations, and tourist attractions.

Step four: Find the clues
Once you got the information, start visiting the areas. Visit the ones that were visually appealing in different aspects that you researched. Use your senses to get complete picture of the community.

Step five: Close the case
You’ve chosen your neighborhood. Now for the hard part: finding a house you love. Luckily, you’ve narrowed it down to a few streets. Now, make sure to: Find out how much house you can afford. Compare your loan options. Draw up your vision of home.

How to Choose a Neighborhood?
How to Choose a Neighborhood?

How to Choose a Neighborhood? How to Choose a Neighborhood? How to Choose a Neighborhood?

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4 Reasons to Buy Instead of Rent

Home buying in the past has earned a horrible reputation. It has left many homeowners broke, unable to pay bills and some homeowners are faced with foreclosure. Homeownership rates fell during the recessions and are currently around sixty-six percent. But if your dream is to own a home, you’re in luck. Reports in Trulia say that many parts in our country rent is rising while owning a house is falling. Which makes owning a home affordable. But if you are struggling with whether to buy versus rent, consider these four reasons to take the plunge into homeownership.

1. You can ramp up energy efficiency.
You can add insulation or upgrade air conditioning unit to save money on you monthly utility bill. Homeowners can make bigger changes compared to a renter. You could also add solar panels or install an energy-efficient roof to save money, also.

2. You can customize your space.
You can renovate your own property however you like since you own your house not a landlord. You have freedoms to do whatever you want in your property without worrying about losing your security deposit.

3. Owning a home forces you to save.
Since you pay a monthly mortgage bill, you are in a routine of putting money away for that bill. Keeping you from buying shoes or fancy meals. If you sell your home after mortgage is paid off, there is chance you will have a payoff to walk away with.

4. No landlord can kick you out.
Renters face the unexpected eviction notices from landlords. If their landlord decides one day to sell, rent to another person, or end your lease. You will have more security if you own your own home.

4 Reasons to Buy Instead of Rent
4 Reasons to Buy Instead of Rent

4 Reasons to Buy Instead of Rent. 4 Reasons to Buy Instead of Rent. 4 Reasons to Buy Instead of Rent.

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Tips For First-Time Buyers

If you are considering buying a house for the first time, here are some tips to consider. You need to determine what your long-term goals are for your ownership plans. An example like rent payments to mortgage payments or independence from a landlord. Here are some questions to ask yourself, if you are considering buying a house for the first time:

1) What type of home suits you best? You can look at many options including; single-family home, townhouse, condo, multi-family building with units. Depending on you home ownership goals, each options has its pros and cons. Consider each pro and con when picking your perfect home when buying for first time.

2) What features are you looking for in your dream home? You are spending a lot of money, so you deserve to purchase a house that fits your needs and wants to best of its capability. Features to consider include; neighborhood, size, bathroom layout, kitchen, bedrooms, or yard size.

3) How much mortgage do you qualify for? Before browsing for homes, you need to get an idea how much a lender will give you to purchase your home. Factors that lenders look at include; how much debt you have, monthly income, and how long you have been at your current job.

4) How much home can you actually afford to spend? Sometimes a bank will loan you money for more than you actually want to spend. You will have to look at the house’s total cost. Monthly payment, down payment, and property tax, insurance cost, renovation costs, and closing costs are also important to look at.

5) Who will help you find your perfect home?
Brian M. Smith and Wall Associates will love to help you find your dream home for all you first time buyers. A premier real estate agent in Marion County, we’re here to provide you with all the resources and information you need to buy your first house. I work in the areas of Marion County, Hendricks County, Boone County, Hamilton County, Indianapolis and the surrounding areas.  We’re confident that we can find you the best home for your first time buy.

Click HERE to see available homes in this area

Tips For First-Time Buyers
Tips For First-Time Buyers

Tips For First-Time Buyers. Tips For First-Time Buyers. Tips For First-Time Buyers.