Millennials are the biggest home buyers on the market right now, making up 37% of the market share. These are people between 25 to 40 years old who are at the time in their lives where they are getting married and starting a family.
So if your family is growing and you are looking to upgrade your family home, you are not alone.That doesn’t mean that the perfect single-family home for someone else is the right one for you. But if you know exactly what you want, you’re more likely to find your “forever” home and can avoid moving ever again!
This guide will take you through the steps that come after applying for a mortgage. Once approved, it’s time to choose the right house for you and your family.
Step 1: Consider Your Ideal Location
They say that location is the most important consideration when finding a home. And when you’re looking for the perfect location for your family home, you’ll have conditions. These are some examples:
- Low crime
- Safe streets
- Suburbs/green area
- Good school district
- Near grocery store
- Near playgrounds and parks
Consider buying a family home near your place of work and a doctor’s office too. Make a list of your “must-haves” and your “nice-to-haves” so you are clear about what’s most important.
Step 2: List the Qualities of Your Perfect House
After you’ve made a list of all the qualities you want in a home location, you should do the same with house qualities. Consider the size and features you want your family home to have. These are some examples:
- Backyard
- Swimming pool
- Number of bedrooms
- Number of bathrooms
- Square footage
- Space for guests
Can’t find any house on the market that matches your wishlist? Your dream home might not exist. Not yet, at least!
Research family home plans in the area you’re looking to buy. The cost to build a house might be lower than you think. And these floorplans might be more suitable for your needs than what is already on the market.
Step 3: Choose a Low Maintenance Home
Let’s say you have two young children. You and your partner might also be in full-time work and you might have a pet or two. Do you want to spend your Sundays laying tiles while your children watch TV or rewire light fittings after you put them to bed?
Instead, choose a low-maintenance home that only needs cosmetic changes. Moving is stressful enough with children without adding the need to renovate too.
Make Your Next Family Home Your Forever Home
Selling your family home, packing up, and moving to another family home is hard work. But if you take all these considerations into account, you’ll have found the right family home for you to settle in for good.
There are so many hacks and shortcuts you need to know about before you buy a property. Check out our real estate articles to learn more about the industry!