How to Decide If a Candlewood Waterfront Home Is Right for You
Picking out the right home among the many Candlewood Lake and Lake Lillinonah properties can be exciting and terrifying at the same time. You will be riddled with so many questions. How do you choose the best location? What if the house has problems you can’t afford to fix?
Here are some ideas to help you find the right home:
1. Leave room to grow
From among all the Candlewood Lake properties for sale, choose a home that can adapt to your needs and major lifestyle changes. This can include having a new baby or having one of your kids move back in after college. If your present budget does not allow you to purchase a home that is large enough to meet your anticipated future needs, search for a property that will allow you to build or expand later on.
2. Check the surroundings
You are not only getting a house when you decide to purchase a home. You also buy into a neighbourhood. Carefully consider whether the neighborhood or beach community will suit your needs. Check if you like the feel of the neighbourhood and if it offers everything you need. Remember that it is best to find a community that you will truly enjoy.
3. Work with a trusted agent
An experienced real estate agent can help you find the right home. Your real estate agent can narrow down your search by identifying Candlewood Lake homes that meet your needs. Your agent will also arrange private showings and advise you on the specifics of the housing market and steps involved in the home-buying process. Your agent will also prepare the necessary paperwork such as the offer to purchase and represent you and act on your behalf in negotiations.
4. Consider the future
While you think of a property as a home first and not an investment, it also pays to consider its resale value. When choosing the right home, put some thought on how easy or hard it will be to resell the home one day. You might want to skip a home that is so unlike nearby properties in terms of size, style, and price. Avoid selecting property that might become a burden someday should you want to move on.
5. Consult with a lender
Speak with a lender or a financial planner to know your options for increasing your budget. While you are discouraged from going way beyond your means, going $10,000 above your price range when you’re financing your purchase with a 30-year fixed-rate loan will not break the bank. It will add only about $30 to your monthly payment.
6. Trust your intuition
Trusting your intuition may seem like a less tangible way to decide if a home is right for you. However, your reactions can also help make the right choice. Most buyers form an impression in the first few seconds they walk into a house. Notice how you respond and trust your reactions. When you find yourself imagining how you will place your furniture, you are already mentally moving into a home and it is a sign that a house may be a good fit for you.
Check out http://www.CandlewoodLakeCTRealEstate.com today for the latest listings in the area.
