Thinking about making a move this summer to a new address? Although the weather makes sunny, warm days seem far off, now really is the time to start putting your plan into place. Here are a few tips to get your new home plan started.
Talk to your bank and get a pre-approval for a mortgage loan. This not only gives you a budget to work with, but will be needed in most cases to accompany a purchase offer. There is usually no cost to do this, and you won’t be obligated to use this lender.
Study the Schools
Decide your school district preference and area where you’d like to you’d like to live. A good school district, whether you have school age children or not, should be considered if you are planning to move again, as an appealing school district will help keep your home value strong and attractive. People who relocate often decide on a property based on the school district.
Don’t let the chatter of rising interest rates scare you; they remain historically low and a home is a great investment. The interest you pay on your mortgage or a home equity loan remains a great tax benefit.
Whether custom home building or purchase of an existing home is on your radar this summer, don’t wait. Now is the time to start planning.