Buying A Home in Roswell – 5 Things To Do First

Buying a home can be a thrilling, exciting new chapter in your life, as well as being a sound investment. But if you don’t do some critical things beforehand, it can be a long-term financial albatross around your neck. That’s why we want you to take a careful look at these 5 things to do before buying a home in Roswell.

Determine Whether You Can Really Afford All the Costs

The very first thing you should do before buying a home in Roswell is to determine whether you can really afford all the costs of homeownership. There is, after all, a lot more involved than the purchase price.

In addition to mortgage payments, property taxes, homeowner’s insurance, and (perhaps) homeowner’s association fees, there are all those inevitable maintenance and repair costs. To cover all this, financial experts recommend that you set aside every year at least one percent of your home’s sale price to cover maintenance and repairs. So if you purchase your new home for $100,000, you’ll need to put back at least $1,000 every year. You may go a few years without having to spend any of it, but there will come a time when some major goes wrong, and you’ll need it.

Work on Credit Score and Get Pre-Approved

Because a higher credit score will get you better financing deals, working on your credit score is the next thing to do before buying a home in Roswell. If, for example, your score is below 660 or 680, you’ll have to pay higher fees and come up with a much larger down payment. Ideally, you want to get your score up to 720 or higher.

Then, before you start house hunting, you should get pre-approved for financing. Doing so lets you know how much house you can afford ahead of time. It also tells sellers that you are a serious buyer and gives you more negotiating leverage.

Determine Whether Buying a Home Is Actually a Good Investment

No matter how much you fall in love with a certain home, it should also be a good investment. This means that you need to set aside emotional considerations and make some rational decisions before entering into the largest financial transaction of your life. That is, you need to determine whether the home you’re considering is actually a good investment for you.

There are two prime considerations here. Is the home located in an area where, historically, property values increase over time? Will there be, now or in the future, any major repair or renovation costs? If you get the right answers to these questions and you can buy the home at a reasonable price, then it is probably a good investment.

Consider How Long You Intend to Live There

A final thing you need to do before buying a home in Roswell is to carefully consider how long you intend to live in the home. A house is not a very liquid asset, so if you don’t intend to live there for several years, maybe you should consider other options.

Real estate experts agree that you should intend to live in a home for a minimum of five years. That allows enough time for the property to increase in value. Then, if you do decide to sell, you’ll be more likely to recover the costs of the transaction.

Have you done the critical research and planning, keeping in mind these 5 things to do before buying a home in Roswell? If you have, then you’re ready to buy that home and start your new life. And we have the experience and expertise help you achieve your dreams.


Tania Gardere MacLeod

Roswell’s Perfect Spot Top Producing Real Estate Agent & Lacrosse Mama IT'S THE PERFECT SPOT Hi, I’m Tania (pronounced Tan - like a SUN-TANya, not TONya). Not to digress, but I get this question all the time. My husband Doug & I have lived here in Roswell since 2002 and we have 1 son and 3 girls. All of them play lacrosse, so when I’m not out showing and selling houses, doing walk throughs, attending closing celebrations, taking continuing education classes, attending seminars, watching HGTV or jogging with my dogs, you’ll find me on the side lines of a lacrosse field cheering for my kids and their teams! I’ve been in Real Estate right here in Roswell since 2007. Currently, I average about 95%+ of my business comes from referral, so it’s critical that I connect with my clients from the beginning and spend some time discussing what their goals are, so we can create a plan that makes sense for them. I’ve been able to sell homes for more money and in less time than the average agent in Atlanta. That means your house is on the market for less time, so you can move on to your next phase of life... and have more money too! Being in the top 10% of all real estate agents in Atlanta, means I’m doing more business so I deal with the majority of bumps that can come up during a transaction so that we are better prepared how to handle anything that comes our way. This is the biggest investment for most of us, and I want this to be a great experience for you too! I’m not a transactional real estate agent, I’m a FULL - SERVICE RELATIONAL REALTOR®. I am here to help you and your family (including your family pets! ) through the entire process, well before it’s time to put your house on the market to sell or time to buy a new house, and well after we’ve close on your new perfect spot to call home. Sometimes we need to come up with a plan to save up for that dream house for a year or two or even work with my lenders to craft a credit repair or improvement plan so you qualify for a better loan option and rate. Often times, my buyers have to sell first, but they don’t want to put their house on the market before they find the perfect spot to call home and buy. So we have a vicious cycle of not enough homes (or the right homes) on the market when you need to buy. Don’t worry, this is where my networking skills really help you out. I keep a secret list of homes not on the market. And many times, you can tell me a specific neighborhood you want to live in, and I can FIND someone who might consider selling to you. I go the extra mile to make sure we find or sell your perfect spot to call home. I’m your life time real estate advisor! Many referred to me as the high energy Roswell Real Estate Expert. It's where I live, work and play!

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