The 3 Things You Must Know Before Buying a Colorado Springs Home
As you start your home search in Colorado Springs, there are 3 things that you should decide on before you start to look in earnest for that perfect place.
Price, Location, and Condition
Lots of websites and advice columns spend time emphasizing these 3 fundamentals to sellers because these three criteria determine how quickly a home sells, but these items are instrumental for every buyer to know in order to find their dream home.
1. Price – As a buyer, you need to determine not just what you qualify for, but what you are comfortable paying. Take a good look at what you’re currently spending and decide what you want to afford next. You should approach a reputable lender, interview them, and then get prequalified. Make sure, though, that you’ve decided what you and your family are comfortable paying. A quality real estate agent will work in conjunction with your lender to find the price point that is comfortable and realistic for you, but in the end, you are in charge of what you want to spend.
Once you’ve set your price point, you’ll want to look at:
2. Location – Now that you know what you’re comfortable spending, you can start determining exactly what that will buy in the area or areas of Colorado Springs that you’re looking at purchasing in. Some areas of town will naturally give you more square footage per dollar, so understanding the pricing layout of the city can help you choose the best location for your budget and needs.
As a general rule of thumb, the more desirable the school district is, the higher home prices will be in that area. A skilled agent can offer you suggestions and alternatives if what you’re looking for doesn’t quite match up with what your budget allows.
Now that you know how much you can spend and approximately where you want to live, you should look at what you’re willing to do to the property:
3. Condition – There are new builds, existing homes, rehab properties, and more out there to look at. It’s a good idea to determine how handy you want to be when you move in. If you’re looking for a fully updated, brand new home, certain areas of town are unlikely to yeild any options. There are fantastic established neighborhoods with updated homes, too, so being aware of what you want in the condition of your new home will help narrow down your choices further.
If you’re looking for low maintenance, check out many of the HOA communities around town–several of them will do snow removal, lawn maintenance, and maintain the exterior of the home.