RE/MAX Showcase Northern Illinois

Outstanding Agents. Outstanding Results.

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube
(847) 596-6100
  • Home
    • Privacy Policy
    • Terms of Use
  • Property Search
    • Our Featured Listings
    • Home Valuation Request
    • Home Search
    • Rental Properties
    • Commercial Properties
    • Mortgage Calculator
  • About Us
    • Company Profile
    • Our Market Share
    • Why RE/MAX?
    • Why Choose RE/MAX Showcase?
    • 27 Advantages with RE/MAX Showcase
    • Join RE/MAX Showcase
    • Children’s Miracle Network
  • Agents & Offices
    • Corporate Headquarters in Gurnee
    • Gurnee Office and Agents
    • Waukegan Office and Agents
    • Long Grove Office & Agents
    • Wisconsin Agents
    • SHOW-U training center at Gurnee West
  • Resources
    • RE/MAX University
    • Considering a Home Purchase?
    • Tips for Successfully Marketing Your Home
    • What is Buyer’s Agency
    • What is RE/MAX? A Company Defined
    • Agent Designations
  • Contact Us
You are here: Home / Buying a Home / 2 Very Important Things to Do Before Buying a House

2 Very Important Things to Do Before Buying a House

December 1, 2014 by RE/MAX Showcase Leave a Comment

REMAX Showcase Buying a Home 12.1.14 small

Buying a new home is a huge decision and takes a lot of financial planning and saving before the purchase can actually be made. But there are many people who suggest you do certain things before buying, yet never consider long-term planning as one of those tips. The key is to start early and be smart, which will help you save money and be stable in the future.

We’re going to share two very important things that should be done before buying that dream home. You’ll be glad you did and feel better in the long run.

 

  1. Do you really need all that square footage?

When you look around your space now, do you imagine all of that stuff traveling with you to the new house? Do you have a storage unit you’ve been trying to empty and find space for?

Before you decide on a certain size of home, go through your closets, storage units and attics / basements. Toss, sell or donate everything that is not used or necessary, and then reassess your belongings.

If you removed a substantial amount, it is probably a sign that you need less space than you think. You’ll have some extra money from selling items and moving fees will be less expensive, with are both great financial savings for the future.

  1. Save for longer than just a few months.

So you’ve crunched the numbers and have decided that you can afford to pay the mortgage. Can you also afford insurance, taxes, repairs and all other expenses?

It’s easy to forget that more is needed than initially thought, so a good rule of thumb is to add the mortgage payment plus 50% of the payment. You’ll be getting a good estimate for how much it will cost to upkeep the house and all the small bits with it.

Try saving substantial amounts over a long period of time. If possible, 1 to 2 years of saving will get you a good starting amount so that you don’t have to worry for the first year of home ownership. You’ll have new responsibilities and less spending money, so having the backup fund will be critical for success.

 

When you are ready for that first step into home ownership, be sure you’ve gotten through all the necessary prep work to make the whole process a positive one.

Any tips to add? Let us know in the comments below!

Tweet
PinIt

Filed Under: Buying a Home Tagged With: buying home, Decisions, Dream Home, Planning, Tips

What's on your mind?
  • FacebookFacebook(0)
  • Google PlusGoogle + ()
Number one REMAX nobody sales for less1
REMAX_Showcase_Company_Profile Join_REMAX_Showcase Remax_Showcase_Market_Share Why_REMAX_Showcase
Number 1 Real Estate Brokerage Franchise for the 8th Straight Year

Contact Us


    Company Facts

      • Established in 1993

     

      • 3 Amazing Offices in Long Grove, Gurnee, Waukegan

     

      • SHOW-U state-of-the-art training center at new Gurnee West location

     

      • 70+ Agents

     

      • 6 Full-Time Plus 2 Part-Time Staff

     

      • 2021 Sales: 359M +

     

      • Market Share: 14.1%
    Remax_Showcase_Locations




    Corporate Headquarters
    embassy

    5445 Grand Avenue, Ste. 205
    Gurnee, Illinois 60031
    Office: (847) 596-6101



    RE/MAX Showcase Gurnee
    embassy

    5445 Grand Avenue, Ste. 200
    Gurnee, Illinois 60031
    Office: (847) 360-3311


    RE/MAX Showcase Waukegan
    embassy

    1095 N. Green Bay Road
    Waukegan, Illinois 60085
    Office: (847) 336-9500


    RE/MAX Showcase Long Grove
    embassy

    25884 East Route 83
    Long Grove, IL 60060-4236
    Office: (847) 634-1000


    SHOW-U training center at
    RE/MAX Showcase – Gurnee West

    embassy

    6409 Grand Ave., Ste. D-2
    Gurnee, Illinois 60031

    © 2022 RE/MAX Showcase | All Rights Reserved | DCMA Notice-MRED | Privacy Policy | Terms of Use

    Designs by Rudy

    • Contact Us