Congratulations! You have decided to start the process of buying a new home. Whether you are a first-time buyer or you have already owned several homes, we understand the process of home buying can sometimes be overwhelming. Lennar is here to offer support, some insider tips and provide you a step-by-step guide to simplify your path to homeownership.
Now that you have made the decision to buy a home, the first step is to begin researching what type of home you are interested in purchasing – attached, detached, single-story or multi-level – and what location you prefer. You will also want to consider the overall area including community amenities, schools, parks, shopping and recreation, low crime rates and your daily commute. Most of this initial research can be done online.
City websites and Chamber of Commerce websites are great sources for information.
You will also need to decide whether you will work with a real estate agent or if you prefer to research and tour the homes on your own.
New homes are built with more recent code requirements and energy efficient technology. Some of the additional benefits of buying new are:
Choosing to purchase a foreclosed property can oftentimes lead to frustration and disappointment. A foreclosed or bank-owned home has several disadvantages including:
Buying your own home provides the pride of ownership and the independence and financial rewards that renting doesn’t, for example:
INSIDER TIP: Research neighborhoods that interest you. Go to websites such as move.com or NewHomeSource.com to find out the median price of homes in those neighborhoods.
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