How many times have you made a New Year’s resolution that you failed to keep? We’ve all been there (more than we care to admit!). This year can be totally different. If you’ve been thinking of buying a new home in the Hill Country in 2017, these five tips can help get you there.
Assess your credit
If you’re serious about buying a home, it’s time to face your credit report. There may be surprises you have to deal with, like delinquent accounts that were reported in error or maybe an account or two from years ago that went to collections and that can still harm your chances of qualifying for the house you want—or getting the best rate. There might even be some fraud on your report. Once you have all the information, you can get to the business of raising your score.
A good lender should be able to advise you on the best course of action to get it where it needs to be. Many of the new-home communities in the Hill Country have experienced in-house lenders or can refer you to a lender whose goal it is to help you qualify for a home.
Even seasoned homebuyers may be able to learn a few new things to make the homebuying process easier or a better financial fit. Staying up on current mortgage rates is as easy as a daily Google search. You can learn a lot about loan requirements and different mortgage options from your lender, but doing your own research can help you to feel informed so you can make the best decisions.
Same goes for communities in the Hill Country. Your real estate agent will be able to provide invaluable guidance during your search, but buyers who come in with an idea of where they might want to live may be able to get to the actual living more quickly.
Pinpoint what you want
Here’s a fun game: Go ask each person in your household what they want in a new home. Chances are, you’ll get several different answers. If you can better frame your goal, you’ll have a much better chance of achieving it. And, if it turns out that what you really want and what your budget can provide are two different things, you can quickly regroup, decide to set more realistic expectations, or pump up your savings plan.
Save, save, save
Speaking of savings…
Mortgages like FHA loans require a minimum of 3.5 percent down, and some loans may require even less, which can make buying a new home in the Hill Country much more affordable than many people realize. But the more you put down, the lower your payments, which is why housing experts so strongly encourage buyers to establish—and stick to—stringent saving programs. USA Today has some great tips for saving for a down payment, including creating a monthly budget and “making savings automatic” by having a “fixed amount sent there every payday via direct deposit.”
Research the area
Want to buy a new home in the Comal ISD? Maybe you want to cut down your commute by buying a new home in New Braunfels with easy access to the highway. Or perhaps area amenities are important to you. It’s common to rationalize away some of those must-haves if you fall in love with a home, but if you’ve done your research ahead of time, you can eliminate communities that don’t match up with your expectations.
Visiting the communities is obviously an important step in narrowing down your options. Stopping by at different times of the day and on different days can uncover important details about what it will be like to live there that can help you pinpoint the perfect choice.
Want more information about buying a new home in the Hill Country? Visit The Crossings, the newest single-family community in New Braunfels. This 288-acre masterplan features two neighborhoods of new single-family homes in the Hill Country with modern floorplans, spacious gathering areas, and today’s most desirable features like granite countertops, window coverings, and landscape packages, included at no extra cost. The Crossings also features favorite onsite amenities including a swimming pool, grassy play areas, and walking trails, along with Hill Country views and a location with easy access to I35.
You can also click below to download the free Guide to Buying a New Home in the Texas Hill Country.