Tips for First-Time Home Buyers

Tips for First-Time Home Buyers

Posted 03/16/2018

Spring and summer are right around the corner, which means that home buying season is about to bloom. The Arizona Multiple Listing Service cites March through July as the best time to buy and sell a home, and according to the New York Times, nearly 35 percent of those buyers will be purchasing for the first time.

Though the home-buying process may seem overwhelming for a first-timer, there are a few things to consider when making the leap. Here’s where you can start:

What do I want vs. what do I need?

Determining the details of what you want and what you need in your home is important. Your needs are non-negotiable and set the foundation of what you are looking for. Things that are non-negotiable can range from home size, number of bedrooms, bathrooms, kitchen size to location or style. What you want can be things that are easily changed or can be changed over time, like interior and exterior colors, outdoor landscaping and minor design elements. It just comes down to personal preference and what you find is most essential.

Do I build, buy move-in ready or do I want a fixer-upper?

Fixer-uppers are older homes that are sold at a lower price because they tend to need work and improvement. This can range anywhere from simple fixtures to a full-on remodel which may be very time consuming. Occasionally, other problems such as mold can cause even bigger issues and create higher costs.

If you don’t want to dedicate time and extra money to fixing up an older home, you may want to consider turnkey or move-in ready homes. These homes are already built with up-to-date features and are ready for you to move in. It’s up to you to style the home and call it your own.

There are also many advantages to buying new. You have the ability to fully customize your home to your exact needs and wishes. You’ll have the ability to include energy-efficient appliances and products to help save money. Many of our homebuyers utilize Maracay’s Flex Design® program  to help customize their home to fit their family’s lifestyle.

If you can’t decide what your preference is, determining costs, timeline and potential permanency will help you figure out what is best for you.

Can I afford what I want?

Financing is a critical step when buying your new home, but it doesn’t have to be difficult. Maracay Homes’ preferred mortgage lender, TRI Pointe Connect, has the right tools and expert advice to help guide you through the process.

Where do I move?

Arizona has a healthy job market and comparatively low cost of living when compared to other states. The Grand Canyon state also has some of the safest cities in the country. When looking for places to live you may want to consider proximity to jobs, school districts and growing cities. Cities like Gilbert and Goodyear have seen an expansion in residents, shopping centers and jobs and are great places to explore when looking for a new home.

If you’d like to learn more about our communities – especially our Cottages at Rio Paseo and Villages at Rio Paseo neighborhoods, which are uniquely suited to first-time buyers – please visit us at maracayhomes.com or contact our New Home Specialists Pam Meyer and Shannon Balderas at NewHomes@MaracayHomes.com.