When it comes to buying a home, there is a lot to consider. This is especially true for first-time homebuyers that are totally new to the home buying process. Taking the time to educate yourself on the ins and outs of purchasing a home is essential. While every experience is different, finding answers to some of the most common questions buyers have can take some of the mystery (and uncertainty) out of the process. With that in mind, we’re sharing five frequently asked questions about buying a home. Get the details below!
Can I afford to buy a home?
This question is arguably one of the most important to ask yourself before moving forward with the homebuying process. However, keep in mind that your ability to afford a home isn’t just about your monthly house payment. You also have to analyze whether you’re in a good place financially to get approved for a mortgage. Details that impact the loan process include your credit score, debt-to-income ratio, savings, and how much money you can put toward a down payment.
Where can I get pre-qualified for financing?
When looking for a potential mortgage lender, it’s crucial to shop around to find the best option for you. Lenders may have different criteria and will structure mortgage loans according to a specific individual. That being said, opting for a local lender can make the process go more quickly because the lender’s processors and underwriters are in the same location, enabling things to move along with fewer delays.
What should I consider while touring a potential home?
Whether you plan to purchase an existing home or are looking at model homes with plans to build a custom home, there are a few steps you can take to prepare. Start by creating a wish list of features you’d like your new home to have. What are the must-have features and what are negotiable? Setting your expectations upfront can simplify the selection process. If you have plans to build, it’s also worthwhile to check out the builder’s design library beforehand to get an idea of the various floor plans they offer.
How long does it take to build a home?
The home building timeline can vary from builder to builder. Every builder has their own process and several steps must take place before construction can begin. In most cases, you’ll first work with the builder to determine your budget before moving on to developing and approving your home design. Once the plan is approved, construction can usually begin. Clients at Dabbert Custom Homes can typically expect construction to take 120 days from the day we dig.
What features can I customize when building a home?
The beauty of building a new home is that you can customize it to suit your unique tastes and lifestyle needs. Whether you want the ultimate chef’s kitchen or a spa-like master bathroom, Dabbert Custom Homes can help you create the home of your dreams — and it doesn’t stop at your home’s interior! We partner with some phenomenal landscaping companies to ensure your home’s exterior is one of the best on the block.
Have a question about buying a home that didn’t make it on our list of frequently asked questions? Get in touch with our team! We’d be happy to tell you more about our move-in ready homes, custom home building process, and working with Dabbert Custom Homes.