A First Time Homebuyers Guide

 

Buying a home is one of the biggest and most exciting purchases a person can make. First time homebuyers find this process even more significant and of course all the more stressful. But once you have crunched all the numbers, established a stable income, pinched all the pennies, and decided to settle down for the next 5-7 years, it still begs the question: where to live. In fact, the location of a home is sometimes more important than any of its features. There are a variety of components to consider when picking the perfect place for your first home sweet home.

 

Think about how you will get around and where you will need to get to. Calculate the extraneous effects that may accompany a commute including time and money. 

 

How close will your home be to everyday conveniences such as grocery stores, pharmacies, and gas stations? Even consider police stations, dentist offices, hospitals, veterinary clinics, and department stores.  In addition, how close will your home be to more luxury conveniences such as shopping, restaurants, music venues, bowling alleys, and movie theaters? Proximity to these types of establishments should benefit you as a homeowner and greatly contribute to resale value in the future.

 

This is a big one. Talk to neighbors. Take drives and walks through the neighborhood at different times of the day. This will help you get a feel for the neighborhood, glean the vibe. Research the area, school boundaries, and any HOA requirements. All of these will significantly affect your experience as a homeowner and your experience as a seller when it comes time to move on to your second or third home.

 

The general desirability to live in your neighborhood is important. Real estate transactions are expensive, especially for a first-time homebuyer who will likely outgrow their first home within five years. The more your home value has increased, the more you will recoup from its sale. The faster it has increased, the sooner you can cash in on your investment and find something bigger. Licensed realtors, such as Corken + Company, come in handy in knowing the value, use, and desirability of neighborhoods. 

 

Corken + Company has been guiding clients and overseeing real estate transactions in the Denver Metro for 20 years. Perhaps the most important step in purchasing your first home is picking your agent. A seasoned and experienced broker who knows the area can be the difference between simply buying your first home and making a shrewd investment fostered through extensive market knowledge and skillful negotiation. Choose Corken + Company; providing real estate solutions without limits. Our journey together begins with the purchase of your first home, and we look forward to one day finding your forever home.

 

While many of these factors are personal in nature, their general positive reflection makes for a great area to begin your first ever home search. According to Wallethub.com, many of those areas occupy Denver metro and its surrounding suburbs. The article linked below is a list of 300 of the best places for first-time homeowners to buy based on market attractiveness, affordability, and quality of life. These towns include Thornton (#3), Arvada (#13), Centennial (#15), and Longmont (#20) with almost a dozen other Colorado towns.  

 

Let our team at Corken + Company help your find your first, or forever, home! Contact us today.