5 Tips For Buying A New Home in Cheyenne
Buying a new home is likely one of the largest financial transactions you’ll have in your life, and the industry, in general, can be intimidating which is why it’s vital to educate yourself and do your research in the process.
So, why choose a new construction home? While this is a topic we’ll cover in another post (stay tuned), many times existing-home inventory isn’t doing it for you — the options are limited. And, when you’re spending the money, you really want to get something you love.
At Homes By Guardian, we want you to fall in love with your Cheyenne home — whether it’s in The Pointe or Thomas Heights! Take a moment with us today and learn more about buying new home construction in Cheyenne.
Being New Construction Savvy
Before we dive in, it’s important to note that being educated in the new construction home buying process pays off — it’s crucial to have the right strategy and team in place, or otherwise, you may sacrifice a good deal of money in the end.
So, if you need more information or just would like additional information, that is exactly what this post is for — let’s dive in!
Learn about the home buying process.
If this is your first rodeo, it is so important to have an understanding of the home buying process — buy all the books, talk to your friends, and comb the internet to learn more. When you have a better idea of what’s going on, it could literally save you money in the end.
Once your real estate foundation is a bit more solid, go further and begin to look into the area you want to buy. Understand the living community and neighborhood in addition to knowing the future plans — this will help you determine if the area is right for you.
Again, the first piece in buying a new construction home, is understanding more about real estate and the home buying process.
Research a lending company.
What many new homebuyers fail to do is shop around. It is highly valuable to research and educate yourself on a variety of lending companies, because again, this could end up costing you more money.
Shop around for the money!
There are so many choices and simply settling on the first place you go is doing yourself — and your wallet — a disservice!
Like buying a home, there is a lot that goes into choosing the right lender, which is why this is one of the first things you’ll want to dive into.
So, how many lenders should you check out? The recommendation is upwards of five, but if you have time for more, check them all out! The smallest difference over 30 years could be a difference of $20,000!
Between educating yourself in the real estate industry and learning about the home buying process and investigating lending companies, your foundation is beginning to get a little stronger!
But, there is so much more to explore! Stay tuned for part two very soon!
For more information about buying a new home in Cheyenne and explore The Pointe or Thomas Heights, reach out today!