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Buy Ft Lauderdale Property | 4-Things to Know | Fort Lauderdale Condominiums
The Henri Frank Group at RE/MAX Preferred in Fort Lauderdale, Wilton Manors, Plantation and Hillsboro Shores seeks to consult there buyers, sellers and investors on the real estate process. Real Estate News, South Florida Real Estate News is part of the transaction process of real estate. Buying a house in Fort Lauderdale, buying a condominium in Fort Lauderdale, buying a beach front property in Fort Lauderdale, the Henri Frank Group at REMAX Preferred Realtors licensed in the State of Florida can help you.
4-Things to Remember When Buying a
Home in South Florida
EXAMINE YOUR MUST-HAVE LIST
When it comes to making a major purchase like a home, people tend to be overambitious with their must-have lists. You need to realize that when it comes to South Florida real estate, you need to be realistic about what you absolutely must have in the home and what you can add on later. Being realistic is one of the most important things when it comes to buying a Fort Lauderdale home because if you keep your eyes on that dream home you have set in your mind prepare to be broke or disappointed of which neither you want when purchasing a Fort Lauderdale property.
PAINT IS JUST A COLOR
One thing that potential homebuyers are always complaining about is the color of a specific room. Many will write it off as a home they don’t like when in reality their objections were merely aesthetic. Paint can be changed! If you are at the point in your life where you can afford to buy a home, then you can most likely afford a few cans of paint. Instead of dismissing a property because of the colors used in the rooms, imagine what it could look like with your personal style.
IT IS A LIMIT, NOT A GOAL
When you are working with your South Florida real estate agent, you will most likely decide on a budget, or what you can afford to spend on a home based on your approved mortgage and the money you will be putting down. Unfortunately, just because your limit is $300,000 does not mean you should spend that much. You need to remember that the list price, even when negotiated down, is just the tip of the iceberg with regards to home purchasing costs. You still need to consider inspection, closing costs, moving costs, moving tips on the Henri Frank Group website; https://henrifrank.com/moving-services.php . And don’t forget and don’t abandon your reserve fund. Your reserve fund is not to be used for costs to purchase your South Florida home, Fort Lauderdale condominium or Fort Lauderdale townhome. If you can find a home you are happy with that is well below your budget, go for it and use that extra money toward any renovations you would like to do.
WHAT CAN YOU DO YOURSELF?
One really great way to save money when purchasing a home is to buy a property that needs some work. Here comes that honesty again, because you need to be realistic about what kind of renovations and projects you can handle on your own. Buying a fixer-upper and then hiring someone else to do all of the work will get very expensive, but if you have a property that just needs some minor TLC, than you will be able to do it for a fraction of the price of hiring a contractor.
So remember to decide and think with your head, not your eyes! Be realistic about your budget, your needs, and your skill set and and you will be well on your way to becoming a happy homeowner.
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