Steps for First-Time Homebuyers
Determine a Budget
It is fairly common for homebuyers to set a budget, but considerably less common for buyers to stick to them. Determine a budget, and do everything you can to find a home in your price range. Keep in mind that you will have additional costs such as inspections and closing costs. Knowing the market for the area helps also.
If you are building a home rather than buying an existing one, you will have to factor in land and the cost of hiring a general contractor. This doesn’t necessarily mean that building a new home will cost more. In some cases, it may cost less and you can customize the home to fit your family’s needs.
Set Your Priorities
Prioritizing is all about helping you know when to say “no” and when to say “yes.” The ultimate goal is always to save you money.
Find a Good Real Estate Agent For Purchasing Land
One of the most important things you can do when buying or building a home is to hire good people who will help you stay on target. A real estate agent plays no small role in this. Purchasing the right land is a vital step of the homebuilding process, and an agent can help you determine what fits both your budget and criteria.
Consider the following suggestions for purchasing land:
- Speak to someone who specializes in buying and selling land.
- Find out what utility services are available for the property.
- Get a value appraisal of the property.
- Consider neighborhood/home value in the area surrounding the land.
- Find out any property restrictions.
- Check out the elevation.
Property purchase is especially important when investing in a modular home. For a crane to set a modular home into place, the building site must be level and have a path cleared. Meet with a modular home builder before purchasing land, and have them inspect the site for suitability before purchasing.
Find a Good General Contractor
In addition to hiring a good real estate agent, it is important that you locate an honest, reputable contractor. This is the person you will be working alongside for the entire home building process. Not only should they be knowledgeable in their field, but they should also work well with people (specifically you).
Here are some red flags that should keep you from hiring the wrong contractor:
- A lack of customer recommendations or an abundance of poor ones
- Always late to appointments
- Fails to communicate
- Does not value your opinion
- Wants you to spend as much money as possible
- Does not adhere to a schedul
Your general contractor should be licensed, insured, and thorough regarding your expectations of one another. They should provide you with a detailed list of charges and clearly communicate all throughout the home building process.
Custom Modular Homes & Prefab Home Builders in Colorado
If the popularity of modular homes hasn’t convinced you, you can visit some model houses around your area or reach out to an expert to help you out. Doing this will help you get a good understanding of what you might need for your house. Rocky Mountain Modular Homes can take care of every aspect of your dream modular home for your family to enjoy for decades to come.