Buying Your First Home Doesn’t Have to be Scary!

No matter how much time you spend on researching and educating yourself about your home purchase, it’s hard to cover every detail. Here are a few tips for avoiding rookie mistakes with your first home purchase.

1.Save
Save as early as you can: Even if you think you’re years away from buying your first home, try to start saving for your down payment. It makes a huge difference in your monthly payments, and helps avoid paying Private Mortgage Insurance.

2. Due Diligence
Be thorough with mortgage shopping: There are countless resources out there that can help you get the best terms for your mortgage. It may seem like a lot of work to shave less than a point off your mortgage rate, but it could save you hundreds or thousands in the long run.

3. Patience
Be patient with getting settled: You’ll be anxious to make your new home your own. Take some time to see how your budget truly shakes out. In other words, hold off on big furniture purchases and remodeling projects.

4. Community
Make sure you’re happy with the neighborhood as well as the home. The house may be perfect, but don’t discount its surroundings. You don’t want to end up in the suburbs if you’re going to miss walking to your favorite coffee shop, and you don’t want to settle for the busy city if you’re looking forward to some peace and quiet. Fortunately, Laguna Niguel and Aliso Viejo have vast choices when it comes to local dining, entertainment and fun activities.
Weigh Pros vs. Cons and if you have children or are expecting, don’t forget about local schools or daycare facilities.