Preparing to Buyer a Home? – Additional Expenses When Buying a Home

You’ve decided to buy a house, that’s great!  But what goes into being a home owner?  Additional expenses and responsibilities can be a concern for many home buyers, especially if you are a first time home buyer.  Many home buyers are timid about the expenses around caring for their new home but with a little plan ahead it is well worth the financial gain and freedom to take on home maintenance and expenses!

Additional Expenses When Buying a Home

Once you make the jump to being a home owner, there are additional expenses to your mortgage payment.

  • Property Taxes
  • Insuring Your Home
  • Routine Maintenance and Up-Keep
  • Roof or Appliance Repairs
  • Homeowner’s Association Fees

 

Tatyana Sturm and The Storck Team have over 10 years experience in AuroraCentennial, and Parker real estate and have helped buyers in many different walks of life with finding their new home from the first time home buyer to seasoned investors all across Colorado.  We have a true passion around finding you the best home for your lifestyle.  Please call or text The Storck Team at (720) 350-5909 or email us at thestorckteam@exitrealtydtc.com to start your home buying process with a knowledgeable and trustworthy real estate professional.

Preparing to Buy a Home? – Know What You Can Afford!

Considering a move?  Are you thinking of buying a new home?  There is SO much that goes into purchasing a new home whether you are a first time home buyer or purchasing your 5th home.  Purchasing a new home should be the most exciting time in your life, but it is often stressful as well.  A good Realtor or real estate agent will make themselves available to you for advice outside of just your “Purchase Contract” and will be invested in helping you arrive to your ideal situation.

Know What You Can Afford

Figuring out what you qualify for regarding your monthly mortgage payment is a vital first step toward buying your new home, but much more needs to go into this piece of the puzzle beyond the black and white monthly payment number your mortgage lender prescribes.  Often the amount your lender says you can afford and the amount you are truly comfortable paying on a monthly basis can vary.  We encourage you to create a fairly detailed budget of your monthly expenses by subtracting all of your monthly expenses from your take home pay while leaving out any current rent or mortgage payments you may have.

Did You Know?

When applying for your new home loan, there are several common monthly household bills that your lender does not include when considering how much you can afford to pay for your new home.

  • Daycare
  • Health and Car Insurance
  • Gas and Vehicle Maintenance
  • Entertainment
  • Cable and Internet

 

Tatyana Sturm and The Storck Team have over 10 years experience in AuroraCentennial, and Parker real estate and have helped buyers in many different walks of life with finding their new home from the first time home buyer to seasoned investors all across Colorado.  We have a true passion around finding you the best home for your lifestyle.  Please call or text The Storck Team at (720) 350-5909 or email us at thestorckteam@exitrealtydtc.com to start your home buying process with a knowledgeable and trustworthy real estate professional.

Coming Soon….. Home for Sale in Aurora, CO!

Mission ViejoMission Park PlaygroundMission ball Field

 

 

 

 

 

The Storck Team is so excited for our new listing in Mission Viejo of Aurora, CO.  This beautiful ranch style home has been immaculately maintained and is complete with a master suite, a finished basement, back yard with patio, and all kitchen appliances included.  Residents of Mission Viejo enjoy the award winning education of Cherry Creek Schools including Smoky Hill High School and the International Baccalaureate Program.  At the center of this quiet Aurora neighborhood you will find a gorgeous 22 acre public park with 4 baseball fields, a newly remastered playground, and 3 party shelters.

 

Aaron Storck and Tatyana Sturm-Storck

Aaron Storck and Tatyana Sturm-Storck

Tatyana Sturm and The Storck Team have been honored to serve the AuroraCentennial, and Parker real estate communities as the top 1% of Denver Realtors and recipient of the 5280 5-Star Award since 2010.  We provide professional photography, video, and staging to our sellers.  Oursellers make an average of $5,000 more on their homes and go under contract in an average of 5 days.  We price it right the first time!  Call or text Tatyana Sturm with The Storck Team today for your FREE market analysis.

 

Checklist for Home Buying: Evaluating the Interior of a Home

Shopping is shopping, whether it’s for groceries, a new computer, a car or a house. Making a list of what you want and need – and the item’s ideal features and benefits – helps make the process easier.

When looking at houses, with a checklist for home buying in hand, you avoid being distracted by the new surroundings and any staging the seller has done, and you can concentrate your attention where it should be: on the features you are looking for in your new home.

What to Include on Your Home Buying Checklist:

To avoid forgetting anything important when you view a home, make a checklist of the items you want to pay close attention to. Some elements of this list will be subjective and based on your specific wants and needs. Here are some ideas to get you started on your list:

  • Which appliances are included in the sale? How old are they, and how well do they work? Don’t be afraid to take a look at the inside of any stove or refrigerator included in the sale of the house to determine its condition.
  • Is there enough storage in the bathroom? Are there enough bathrooms for your family?
  • Are the closets large enough and designed for your needs?
  • How old is the house’s electric wiring? Are there enough outlets?
  • What type of floor runs through the house? Will it need to be replaced? Does the home flooring need any special care or maintenance?
  • Will the kitchen be easy to work in? Is there sufficient storage?
  • How old is the water heater, furnace and air conditioning system?
  • Are the windows energy efficient? Is the glass warped or crazed? Are there holes in the screens?
  • Will you need to replace or update the lighting in the any of the rooms? Many buyers don’t take the time to test a home’s lighting. Check the lights in the bathrooms and kitchen to ensure they meet your needs.
  • If you work from home, make sure there is adequate space for you to work efficiently and comfortably. Check to make sure there are enough power outlets in the room that you’ll be using as an office. If you work online, find out about Internet service in the area.
  • Double-check all of the homeowner’s improvements. Ask if they were done professionally and ask to see receipts. Call the improvements to the attention of the home inspector so that he can check them as a professional.

This check list is not a replacement for your Realtor or a trustworthy inspector, but it’s an organized way to rate each home.  In today’s seller‘s market, The Storck Team encourages our buyers to be hands on.  With a checklist similar to this one not only can you prioritize things most important to your lifestyle, but it helps you keep track of the homes on the top of your list from the bottom of it.

Viewing a home with an eye toward living in it takes a bit of imagination. Try to visualize the home with your furniture and decorative items. Use a measuring tape if you need to ensure spaces are the right size. Most of all don’t be afraid to ask lots of questions.

11 Must-Do’s for First Time Home Buyers

Aaron Storck and Tatyana Sturm-Storck

Aaron Storck and Tatyana Sturm-Storck

Here is a great step by step instruction of where a First Time Home Buyer should get started.  Being a first time home buyer in this crazy market can be extremely daunting.  Enlist the help of your mortgage broker, your Realtor, and your accountant.  Above all else RESEARCH, RESEARCH, RESEARCH.  The Storck Team has helped many First Time Home Buyer‘s dreams come true in Aurora, Centennial, and Parker.  Call on The Storck Team to get started today!

Click here for your 11 steps.


Tatyana:
Aaron: 720-273-7419
Exit Realty


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