Best Places to Buy Your First House

4 Tips for Where to Buy Your First Home

1: Find an Agent
A real estate agent who can help you find the right property is critical to first-time buyers. If you’ve never done this before, working with someone who has will help you avoid common mistakes. Plus, you won’t have to pay the agent anything—they receive compensation from the seller of your future home. A good agent will offer excellent home-buying advice and will be an invaluable asset when buying your first home.

2: Look in an Established Neighborhood
A great place for a first home may be an older, established neighborhood instead of a new development. Older houses may need some work, but sometimes repairs will save you money in your purchase and help you gain equity. Be thoughtful about what you are willing to do and consider pricing to ensure you can afford renovation projects before buying.

As another tip for buying your first house, older neighborhoods are sometimes easier to resell a home. The neighborhood may be a desirable location for people of all ages, and so your first home will likely retain or increase its value—especially if you put in a bit of work.

3: Think Small
Of course, you don’t want to go too small for your needs when finding the best place to live, but smaller houses often have many advantages for first-time home buyers. You’ll find more availability—there may be far more three-bedroom houses on the market in your price range than five-bedroom houses, for instance—and will likely need less cash to close. Take time to look at different sizes and styles of homes to find the right one for you.

4: Choose an Accessible Location
You may dream of a house someday on a wide acreage miles away from the city, but, when buying a first home, it’s generally good advice to choose a house near major highways. Not only will this potentially make it easier for you to get to work, but it will also likely make your home more attractive if you decide to sell it in a few years.

Buy Your House With Cake

With our tips on buying your first home, you can find the best place to live in no time. All you need to get your contract going is a lender. Cake is here to help! We start with a simple application. Our friendly consultants will answer your questions at every step of the journey, and we’re proud to have some of the fastest closing times in the industry. Call our agents today to get pre-approved, and you’ll be one step closer to buying your first home.