The first property that you buy, your starter home, may be a single-family home, a townhouse, or a condo. It doesn’t necessarily have to be large and spacious or extravagantly luxurious, however it should still be a place that you’d be happy to call home.
There are many homes for sale in La Quinta, CA that are perfect for a starter home. With La Quinta realtors guiding you through the process, you should be able to navigate your way to a home most would be more than happy with.
Here, we’ll run you through some of the most important considerations before you set on your path to buying your starter home.
As mentioned, a starter home is not the home you’ll buy towards the latter part of your career, when you’ll be closer to the peak of your earning power. However, you’d be right to want and expect a decent home.
Do set a strict uppermost budget of what you can afford. Overstretching yourself financially is extremely difficult to manage, and it could also have significant ramification towards future home purchases.
You need to make sure that you will be able to keep on top of the mortgage, upkeep, and maintenance of the property once you’ve purchased it. The cost of the property will be directly affected by the location, so you should be able to manage your expectations about the pricing if you already know you’re looking at prime property, like La Quinta real estate.
First-time Home Buyer Programs
One of the ways to handle the costs of buying your starter home is to look into first-time home buyer programs, grants, and loans.
There are several types of programs available to home buyers in California and your best source of information is your real estate agent. Not only can a real estate professional guide you to home loans and buyers assistance programs, they’ll be able to provide you with the perfect home options. When you have the support of a great agent, options open and what may have been implausible becomes possible.
NEIGHBORHOOD FEATURES & AMENITIES
Determine which neighborhood features and amenities you want to prioritize. If you have children, having a good school district in the area is important. Playgrounds, parks, recreation centers, and other family-friendly activities that everyone can enjoy make a big difference to the quality of life you can expect. If you work in the city, having easy access to the freeway, or having a short commute to your workplace would be high on your list.
Being able to prioritize which amenities and conveniences are most important is key to being able to zoning in on your perfect starter home.
Once you’ve settled on a property, be sure to check the condition of the home.
If it’s a pre-owned property, an inspection is highly recommended. Any required repairs need to be known, as you can either negotiate for a lower price if you feel you can handle the repairs yourself, or request that the seller makes the repairs before turnover.
These are just some of the considerations to think about before you embark on buying your first home. As a first time home buyer, get the best support and guidance you can, and work with a trusted real estate professional.
WORK WITH THE BEST REAL ESTATE AGENT IN LA QUINTA
Kathleen O’Keefe Galigher is the professional real estate agent who can help you find the perfect starter home for you. Let her help you by giving her a call at 760.567.7822 or sending an email to here.