Today marked Day 1 of what will likely be a LONG process of buying my first house. I've now been in Austin for 6 months... and with a lease that ends this summer, a multi-year work contract and an Austin housing market that's only getting more expensive... I figured now is the time to start looking. Exciting, overwhelming... and of course, worried. The commitment, the big & small decisions, the price tag... the whole process stresses me out.
Other than the guidance of my parents and a few articles on Google, my knowledge of buying a house is... limited. And if we're being honest, I only know the basics: down payment, mortgage, home insurance... simply, a lot of work & a lot of money.
I'm not too sure what I want yet - which doesn't make things any easier - but I'm leaning towards 'single family home' within 30 miles of town. My "must-haves" list includes 2 bedrooms, 2 baths, a backyard & a garage. Outside of that, I'm open to options.
I started with new builds today, finding a few new developments I liked on Zillow and setting up appointments for home tours. It's hard not to like a brand-new house, even if it doesn't have all the things on my list, but overall, I learned A LOT even visiting just three properties today. Here are a few of my "beginning notes":
I would say Day 1 was successful... as I walk away 60% overwhelmed, 20% confused & 20% excited. Being in the very beginning of this process, I'm still leaving myself time to look at some resale homes and find a realtor. I am also looking for any and all helpful tips / advice for a first-time buyer. (Flashback to last night as I frantically google: "questions to ask when buying a home") What are the right questions to ask? What sneaks up on you when buying a home? Are there any red flags to look for? And also, why isn't there a class in college to prepare you for this?
I'll keep you updated.