As your wedding day approaches, you will probably have a lot of work to do and decisions to make relating to your big day, but you may also be in the process of looking for a home to buy that you will move into together. If so, here are some tips to help newlyweds choose the right first home to purchase.
Don't overspend on it
Going from being single to married is an adjustment for most people, especially if they do not cohabitate before marriage. Any types of changes or adjustments in life can be difficult, and the last thing you need to have extra stress on your new marriage due to the expensive house payment you will have. Because of this, it is very important to find a house that is within your budget. This means that you should find a house you can afford. If you are not sure how much you can afford, talk to a mortgage lender or a financial planner for advice before you proceed.
Think about your plans for having children
A second thing to think about is your future plans for children. Are you planning on having kids? If not, you may not need to consider finding a house that would be good for kids. If you are planning on having kids, keeping this in mind will be important if you plan on having kids while you are living in this home. With kids, you will need more space than you would need for just the two of you. With kids, you may also want a house that is child-friendly, and this may mean purchasing a house that does not have stairs.
Remember that this is your first home
The other important thing to realize in this decision is that this is your first house. In other words, it is not the house you have to live in for the rest of your life. It does not have to be your dream home. If you plan on buying this house as a starter home and have the intention of selling it in a few years, the main thing you should do is make sure you choose a home that will hold its value and be easy to sell when you decide to sell it. Your real estate agent can help you find a home that meets these characteristics.
Starting your marriage off right is important if you want to have a healthy, strong marriage that lasts a lifetime, and going into debt too much can be a bad way to start. Instead, make sure you stick with your budget when you are shopping for a home to buy.
Contact your local real estate agents (The Grove Team is a great start) for more information.