Tuesday 4 October 2016

Just Married: A Newlyweds Guide To Buying Their First Home

The honeymoon bliss is still in the air – but newlyweds are beginning to feel reality closing in. After the fantastic and fairytale wedding, it is now on to more practical considerations. One of the first things newlyweds think of is buying a home. Before making that decision, many real estate experts recommend sitting down and considering these few things:

Both of your credit scores: Ideally, a couple’s credit score should match. This makes applying for a loan easier and eliminates any stress or hassle usually involved with financial institutions. It is unfortunate but if one person’s credit score is significantly lower than the others, it could affect any loan applications.


Image Source: boston.com

Think of the future: A good question to ask is: Where would we like to live in five years? Remember that most newlyweds’ first homes end up being their family home. Take a look at the neighborhood and imagine raising kids there. Even for couples that do not want children, it is still important to assess whether the area is somewhere they’d want to live in for at least five more years.


Image Source: pinterest.com

The question of "if": Perhaps this is not the most romantic conversation, but couples should ask themselves who would get the home if ever they separate. This helps determine insurance policies and who is legally responsible for the house.

Newlyweds are suggested to visit their local realtor for more advice. These professionals are able to give suggestions based on the couple’s specific needs and situations.

Radha Singh based in Hazlet, NJ gives qualified real estate advice. Learn more when you follow this blog.