1. Be sure to first calculate how much home you can afford. The United States Department of Housing and Urban Development recommends that your total monthly mortgage payment (principal, interest, taxes and insurance) should be no more than twenty-nine percent of your monthly gross income. Also take into account the amount of down payment which you are able to put towards your home. This can be easily calculated by utilizing a loan calculator which is found on many financial institutions' Web sites. It is also a good idea to consult a financial advisor prior to starting the process of looking for your first home.
2. Select a Neighborhood. Once you budget is set, consider where you want to live. Do you want to live in your current neighborhood or move to another nearby or are you moving out of state? It is always a good idea to thoroughly research the new area which you are considering. Think about what the area will offer you on a day-to-day basis. Take into consideration the distance you will be travelling to and from your job, schools for your children, and the goods and services that are available to the area.
3. Create a "wish list". Make the process of finding your new home an enjoyable one! Take into account these factors: how much square footage do you want?- minimum and maximum. Number of baths and bedrooms? Price and location are of course, very important. The Ruth Mills Team website (www.ruthmillsteam.com) can help you to zoom in on the features and benefits you desire from your next home.
4. Partner with an experienced real estate agent. Our team members offer you superior expertise in not only the La Jolla and University City areas of San Diego, but the entire County as well. We are there to assist you with every step of the home buying process and beyond.
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