As a seasoned Real Estate Agent and homeowner in Austin, I've witnessed the highs, the lows, and everything in between. Now I'm here to share with you my best tips when purchasing your first home. Reflecting on my own experience and those of my clients, there are a few key insights I wish I had known, and I'm spilling all the tea.
Location, Location, Location
When buying a house, location is everything. If you're new to Austin, try to take your time driving through the different tapestry of neighborhoods so you can narrow down your favorite communities. Consider factors like commute times, school districts, and neighborhood amenities. Do you like living the urban lifestyle and being within walking distance of a good coffee shop? Explore neighborhoods like Travis Heights, Clarksville, or Mueller. If you live an active lifestyle or enjoy lake activities I would explore Lake Travis. Take time to explore different neighborhoods and envision yourself living there before making a decision.
Get Pre-Approved for a Mortgage
Trust me, nothing kills the excitement of finding your dream home like realizing you can't afford it. Getting pre-approved for a mortgage not only gives you a clear understanding of your purchasing power but it is also nice to have in your back pocket so you can move fast once your perfect home becomes available. Rates are constantly changing, and with that so does your buying power. This is an important first step that can help streamline the buying process.
Think Beyond the Present
Think long-term and consider how your needs may evolve over time. Are you planning to expand your family? Will you require additional space for a home office or baby room? How long ideally do you plan to stay in this home?
Understand the Costs of Owning a Home
Outside of the purchase price of the home, make sure you don't overlook the additional costs that come with homeownership. From property taxes to maintenance and sneaky utility bills, expenses can add up quickly. Take the time to factor in these extra costs when determining your budget to avoid any surprises down the road.
Remember, your first home is more than a place to live, it's the cornerstone of new memories and experiences in Austin. Whether you are scrolling TikTok, reading my blog, or working with me as your Real Estate Agent, stay up to date on local real estate news so your journey towards home ownership is a smooth and pleasurable experience!
