First-time Homebuyer Tips!

iStock_000020774538MediumWith so many beautiful Powhatan homes for sale you may be considering buying your first home. Here are some tips for the first-time homebuyer.

  1. Location, Location, Location! You may love the house but do you love the location too? Decide what this means to you. Does it mean that the neighborhood is quiet, convenient to work, close to the grocery store or places you frequent?
  2. Easy Floor plan! Look for a home that has a floor plan that you can live with. Do you want an open floor plan, a master bedroom on the main level, or a mudroom? These are important things to determine before you start your search.
  3. Mind your budget! When you are looking for a new home stay on budget. Your goal should be to pay off you home quickly. Here is a calculator to help you determine how much hour you can afford.
  4. NO to PMI! 
 Private Mortgage Insurance is what a homeowner is required to pay if they do not put down enough of a down payment. This is usually about 20% of the purchase price. You can avoid PMI by saving up your down payment prior to your purchase.

Check out the Powhatan homes for sale in your area today!

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