Is Forever in the Stars, or Is It Just a Fling?

First-Time Home Buyers — Is Forever in the Stars, or Is It Just a Fling?

So, you’re ready to stake your claim to the American Dream’s biggest trophy — a house. The anticipation of purchasing a piece of Western Montana and the personal freedom it represents is exhilarating. The joy of transforming a house into a special home for you, your family, or your family-to-be is one of life’s most rewarding gifts.

Start at the Beginning or Begin at the end?

Buying your first home is a monumental task and requires research, planning, and some good luck to make the right choice. One of the initial decisions to make is the type of house you want. Two common types to consider are the starter home versus the forever home. Let’s check out each concept and see which makes the most sense for you.

The Starter Home 

As you absorb your first impression of a potential starter home, it may be smaller than you’d hoped, maybe a little older than desired, or possibly in need of some restorative energy. But the location works for now, the sales price is on target, and today’s historically low interest rates offer tremendous cost savings.

The Forever Home 

Once inside your forever home, all the features you’ve dreamed of manifest in tangible reality. Community commitment, raising a family, entertaining friends and business associates, and sharing quality time with loved ones reside in full clarity at this address. But the acquisition cost of such comprehensive fulfillment, the impending expense of upkeep, property taxes, insurance, and improvements, can be dizzying. Sit down, relax. Let’s figure this out.

Financially Speaking

The financial considerations of the starter home appear to be at odds with the amenities and quality of life potential of the forever home. Like many other excited wanna-be home buyers, you’re probably contemplating these options as two wildly differing scenarios. However, labels have a way of pigeonholing perspective.

Steer clear of these limitations by prioritizing your planning and goals while searching for the best home available to you now. Today’s sellers’ market dilutes the effectiveness of standard buyer protocols. Be the most astute buyer by employing these creative strategies to provide maximum purchasing power and create flexibility for future improvements:

• Become the market expert. Knowledge and information are powerful tools to facilitate closing transactions
• Find the best realtor and attorney. Experienced, successful representation in your corner shows sellers that you’re serious

• Become a ready buyer. The average number of days for U.S. homes to move from listed to closed is a swift 71, so get preapproved and secure a bridge loan to enable an all-cash offer and a quick closing

The Move Itself

With patience and perseverance, it will be time to pack precious family heirlooms and hire the best local Augusta, Montana movers to stop by and provide a written estimate. Don’t forget to check Angi reviews and local referrals to avoid getting caught with a mover holding your goods hostage.

The Only House That Really Matters — Your New Home

Finding a home is an important step in your life. You shouldn't hesitate to seek help from professionals in the field. For additional information and assistance with your Montana home contact Live in Montana Real Estate.

Image via Pexels