You finally did it! You said, “I do” and you are officially married – congratulations are surely in order for this next big step!
Now that you have returned from the honeymoon, it’s time to find a home of your own to celebrate your new love. It can be exciting to embark on the home buying journey together, however, there are certainly some tips you can use to make sure you do so correctly.
The team at BSR Realty Group is here to help make your dream home a reality. Here are our tips for buying a home as newlyweds:
1. Be Transparent About Your Finances
What’s mine is yours, is definitely true especially when entering a new marriage. Be completely open and honest about your finances. This includes your credit score, salary, and debt. If you haven’t had “The Talk” about your financial status yet, now is the time especially before you consider buying your first home together. Block off an afternoon and go through everything. Pinpoint what you need to do to clean up your finances and prepare for this next big step.
2. Budget, Budget, Budget
You may be jumping for joy at all the dollars you raked in from wedding presents, but this is the time to be smart with that extra cash. Sit down with each other and come up with a realistic budget for the next year. Narrow down exactly where your dollars are going to go and use that extra cash flow to help with the new home buying budget. It’s important that you are both on the same page, so get down to the nitty-gritty and come up with a budget that works for both of you and for your home buying fund.
3. Make a List
Sit down with your significant other and come up with a list of wants. Then, come up with a list of needs. You’ll want both written down and clearly in front of you when it comes to searching for a home. Wants are nice, but needs are what you truly must have to survive in this new home. Take the time to pour over everything you are looking for; from the number of bedrooms to home location, to closet space, you’ll want to make sure you have a good idea of what you need, and what you are willing to live without.
4. Take Your Time
It can be tempting to rush and jump on the first home that you tour. Take your time, be smart about your decision, make sure this new home works for both of you. The worst thing you can do is take the leap only to regret it later. Make sure you are both on the same page for every decision you make and know that everything happens for a reason during the home buying process!
5. Secure the Perfect Agent
Do your research to find the perfect real estate agent to meet and exceed your needs. You’ll want someone who is on the same page as you, who will fight for you, and who will help explain the process to two new homebuyers. Thankfully, BSR Realty Group has the best of the best agents with years of experience finding new homebuyers the homes of their dreams. And we’re here to help!
Are you ready to find your first home as a married couple? We’re here to help! Contact BSR Realty Group today to get started on your home buying journey!
