"It's easy to get caught up in the excitement of getting a loan, but make sure you shop around, as this Redditor advises. 2. Introduce yourself to the neighbors Before putting an offer in, be a good future neighbor and knock on some doors in your neighborhood to get the insider scoop. 3. Set plans and boundaries for DIY renovations If planning on doing maintenance yourself, talk with any other parties living in the house to confirm expectations and boundaries around the work."
"We bought an old, beautiful bungalow with plans to do a lot of updates. My husband wanted to do the work himself. I didn't grow up in houses we owned, so I knew nothing of renovations. I wish I had known to talk through what he had planned, what it would cost, and how long he thought it would take. Folks should also really consider whether they are okay in living through the mess. And they should make agreements about boundaries around projects."
First-time buyers should shop aggressively for mortgage rates to avoid paying more than necessary. Introduce yourself to neighbors before making an offer to learn about the neighborhood firsthand. Establish clear plans, budgets, timelines, and boundaries for any DIY renovations and confirm expectations with others living in the home. Prepare emotionally and logistically for living through renovation mess and agree on project limits. Expect that a standard home inspection might not catch every issue and consider ordering extra inspections when warranted. Balance the stress of the process by intentionally finding moments of joy throughout homebuying and renovations.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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