Buying your first home is a big milestone; and it comes with a mix of excitement, questions, and a to-do list that can feel never-ending. Whether you’re still house hunting or already have the keys in hand, this guide will help you cover all the important steps of homeownership, without the overwhelm. From budgeting to maintenance tips, and even how to make your space feel like your own, here’s what every first-time homeowner should know.
Before You Close: Lay the Groundwork
1. Get Pre-Approved for a Mortgage
Meet with a lender early on to understand your price range and what monthly payments could look like. Getting pre-approved can also help move the buying process along faster when you find the right place.
2. Consider ALL the Costs
Plan for closing costs, property taxes, home insurance, utilities, and an emergency fund for home repairs. You’ll want a clear picture of what’s ahead financially. According to the Michigan State Housing Development Authority, the median home value in Michigan is approximately $224,400, with homeowners’ median income at $80,710.
3. Check Out Assistance Programs
Michigan offers several programs for first-time buyers, such as the MI Home Loan, which provides down payment assistance and favorable interest rates.
4. Hire a Home Inspector
Even if it’s a brand-new build, a home inspection gives you peace of mind and helps you identify any issues early. This blog breaks down what to look for when deciding between building a new home or buying an existing one.
5. Read the Fine Print
Understand your builder’s warranty, HOA rules (if applicable), and what’s included in your home’s features versus what’s considered an upgrade.
6. Understand and Review Your Credit Score
A higher credit score can lead to better mortgage terms. Aim for a score of 700 or above to access competitive rates.
Preparing for Move-In
1. Set Up Utilities Before Move-In Day
Contact providers for electricity, water, gas, internet, and trash pick-up. Doing this early avoids delays and headaches.
2. Update Your Address
Use USPS’s change of address tool, and don’t forget to update your bank, subscriptions, driver’s license, and insurance.
3. Check Safety Basics
Change any default door lock codes or keys, test smoke and carbon monoxide detectors, and locate your water shutoff and breaker panel.
4. Plan for Essential Purchases
You don’t have to furnish your home all at once, but make sure you’ve budgeted for basic furniture, cleaning supplies, and tools like a lawn mower or drill.
5. Review Homeowners Association (HOA) Guidelines (if applicable)
If your new home is within an HOA, familiarize yourself with the rules regarding property modifications, fees, and community responsibilities.
After the Boxes Are Unpacked, Settling into Your New Home
1. Build a Maintenance Routine
Create a seasonal checklist to stay on top of things like HVAC filter changes, gutter cleaning, and lawn care. A little upkeep goes a long way. This blog offers insights into adapting to condo living and community integration.
2. Get to Know the Neighborhood
Introduce yourself to your neighbors, explore local businesses, and learn your garbage day. Building a sense of community starts with small steps.
3. Make It Yours
Paint a room, hang up some photos, or start a DIY project. Here are some easy home upgrades to consider as you settle in.
4. Don’t Stress About Doing It All at Once
Your home will grow with you. Give yourself time to adjust and remember; homeownership is a journey, not a one-and-done list.
Why Legacy Heights Is a Smart Move for First-Time Buyers
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Legacy Heights isn’t just a place to live, it’s a place to start fresh, feel supported, and enjoy quality without compromise. These brand-new condos in Southeast Michigan offer thoughtful layouts, maintenance-free living, and a peaceful setting close to everything you need.
As a first-time buyer, you’ll appreciate features like:
- New construction with modern finishes
- Energy-efficient systems that help lower utility bills
- HOA-covered services like lawn care and snow removal
- A sense of community that welcomes you in
With floor plans to match your lifestyle and pricing that works for first-time homeowners, Legacy Heights checks all the boxes; without piling on the stress. This blog also highlights the advantages of choosing a newly constructed home, similar to those at Legacy Heights.
Ready to Make Your Move?
Start your journey with confidence and keep this checklist handy to guide you along the way. If you have any more questions, feel free to contact us today!
