Ignite FB Tracking PixelStart With a Clear Vision to Find Your Dream Home - Lori Madden
MANGROVE REALTY ASSOCIATES
Lori Madden, MANGROVE REALTY ASSOCIATES
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Start With a Clear Vision to Find Your Dream Home

by Lori Madden 12/19/2018

In the quest to find a new home that you love, there are two fundamental things you must know: how much you can realistically afford to spend and what you need to be happy.

Qualifying for a mortgage is one of the first hurdles on the road to home ownership, but loan approval doesn't necessarily mean you can comfortably afford a house you have your eye on.

There are other expenses to factor into the equation, such as closing costs, the down payment, school and property taxes, possible HOA fees, and maintenance costs.

If a house you're considering needs a lot of repairs, updating, and decorating, for instance, those projects could take a big bite out of your bank account and household budget. First-time home buyers and growing families moving into larger homes often have to consider the cost of furniture, new window treatments, and painting supplies. People moving from an apartment or condo to a house may also need to buy a lawnmower, tools, and property maintenance machinery (weed whackers, leaf blowers, snow blowers, etc.)

Once you've determined that you can absorb all those costs without being "house poor," the next step is creating a list of requirements, preferences, and lifestyle goals. For example, if privacy is important to you, you'll need to narrow your search to homes that have a sufficient amount of frontage and space between neighbors and streets. Fences, privacy hedges, and mature trees could also help provide you with the kind of living environment you're looking for.

While the emotional appeal of a house is an important aspect of home-buying decisions, the location of a property and the amount of living space it provides will play a central role in your level of satisfaction. In addition to having enough bedrooms, bathrooms, and storage space, you may also want to consider things like the home's architectural style and whether the floorplan is to your liking.

Many families prioritize the quality of the school district, the look and feel of the neighborhood, and the distance from shopping centers, recreation, and needed services. Also highly desirable is a daily commute to work that isn't too grueling or time consuming!

Since everyone has different goals and needs when it comes to finding the ideal home, there's no one-size-fits-all strategy for zeroing in on the house of your dreams. Although there are a lot of websites that provide great ideas on everything from flooring and countertops to cabinetry and room color, having your real estate agent show you houses that match your specifications is the most productive thing you can do.

Getting out there and physically viewing and walking through houses in your price range will eventually lead you to the home that's just right for you and your family. It's a process in which you need to immerse yourself, but with a little persistence and a clear idea of what you want, you're sure to find the home that checks off most (if not all) of the boxes on your priority and wish lists!

About the Author

Author
Lori Madden
As a Florida native growing up in Sarasota, I have seen my hometown grow from a sleepy coastal town to a highly sought-after destination along the shores of the Gulf of Mexico. After working in Chicago for 5 years, I returned to Sarasota and saw it through a new lens and really began to appreciate what makes Sarasota so desirable, including temperatures that allow for year round outdoor activities including tennis (a personal favorite), golf, boating, kayaking, fishing, paddle boarding, or just relaxing and/or shelling on our pristine sandy shores, including Dr. Beach’s #1 beach in the United States for 2017, Siesta Key! Sarasota’s cultural amenities are many and diverse, appealing to a wide range of arts lovers. Downtown Sarasota has become a destination in itself, drawing many new developments for those who want to be within walking distance of Main Street's offerings and the picturesque bayfront and marina. Foodies will find an eclectic mix of locally owned and operated restaurants offering something for everyone, and there are now Farmers Markets every day of the week in various locations throughout Sarasota, but the Saturday morning Farmers Market in downtown Sarasota draws the biggest crowds. Since 1988, my passion has been selling real estate, representing both buyers and sellers. I have been recognized by my clients and customers for an uncompromising work ethic and dedication to helping them achieve their real estate goals. Relying on my experience as a real estate paralegal and being highly organized, I am able to help make the transition between contract and closing a smooth one for my clients. With an eye for interior and landscape design, I've been known to pitch in and help Sellers minimize and/or reorganize their belongings in order to stage their home to maximize its sale potential. I specialize in out of state buyers looking for their piece of paradise along the Gulf Coast and make it a priority to keep them up to date on our quickly changing local real estate market. I welcome the opportunity to share with you all Sarasota and her surrounding islands have to offer!