Are you excited to learn secret tips for buying your first home? Well, you should because Shifters and Movers will give you hacks to buying your first home and help you know how to buy your first home. We will also show you the things needed before buying your first home and finally the steps to buying your first home.
2025 Essential Hacks To Buying Your First Home
Buying your first home is an exciting and significant milestone for many Kenyans, but it can also be overwhelming if you are not familiar with the process, the costs, or where you want to live.
With a bit of plan ship and well-considered decisions, you can make the dream of home ownership a reality.
Shifters & Movers will guide you through this journey on How to buy your first home;
Are you ready to make this long-term commitment to buying your first home?
Before diving into the process, it is essential to know how to buy your first home and what to expect along the way.
Here is how to buying your first home;
1. Assess Your Financial Situation when buying your first home
buying your first home starts with understanding your budget and assessing your financial situation. These are the steps to buying your new home.
- Reviewing your credit score
A higher credit score can help you secure better mortgage rates.
- Budgeting for a down payment
Typically, you will have to save at least 20% of the home price for a down payment.
When it comes to saving for a down payment it is worth sticking to a budget and creating money buckets. Did you know what a Money bucket is? It is the essential idea is that you have a number of separate bank accounts, each with its own purpose that is, it will involve dedication to a particular goal.
2. Get pre-approved
Before buying your first home, getting pre-approved is a smart move. This is how when buying your first home;
A lender will evaluate your finances and give you an idea of how much you can borrow.
This Pre-approval will make you a more attractive buyer when making an offer.
What do you need to get pre-approved here is what is needed;
- Provide proof of income, tax returns, and other financial documents.
- Choose a lender that offers favorable terms.
- Understand keenly the types of loans available and determine which suits you best.
3. Determine your Budget and priorities when Buying Your First Home
Understanding your budget is crucial to narrowing down your options when buying your first home.
Consider your ideal monthly payment and which house you can afford based on your income and other financial obligations. In addition, make a list of things that are most important to you when buying your first home are, such as:
- The number of bedrooms- ensuite or individual bedrooms.
- Proximity to work, school and health amenities.
- Interior design.
- Desired neighborhood.
- Future resale value.
Always consider the most important features you need in a home versus what you would like to have. Do you need a home office, a large backyard or proximity to public transportation.
Think about your long term needs. If you are planning to start family or want to stay in the home for many years, consider the properties potential for growth and changes.
Learning how to buy your first home it involves researching different areas and considering factors such as; crime rates, schools, property taxes and future development plans. A neighbourhood might seem ideal now but could undergo significant changes overtime.
4. Find a Real Estate Agent
Finding a knowledgeable and experienced Real Estate agent can make the home buying process easier. Look no further Shifters and Movers +254799922285 are here to help you in the following steps to buying your first home.
1.Find homes that fit your budget and criteria.
2.Negotiate offers and help you navigate the bidding process.
3.Provide insights of the best market trends.
4.Help you choose the best interior design for your home.
5. Start House Hunting
With all the priorities and budget in mind, it is time to start looking for homes you have been aspiring to live in. Consider attending open houses and private showings.
Take notes of any issues that might need repairs and think about the potential of the future upgrades and renovations.
A major hack while buying your first home is, do not settle for the first home you see, explore varieties of homes countrywide to compare.
Would you like to live in the city, in the suburbs or village. This might be a difficult decision to make but shifters and movers got a solution for you.
Since Location is the most important factor when buying your first home, the location will definitely have a larger impact on your home’s value.
You can consider your individual goals and objectives such as whether you are buying your first home to live in now, a retirement home or a vacation home.
All those determinations will help you decide where you would like to live.
Though rural and urban areas are good, the decision that you will make will greatly depend on your goals and priorities. Nevertheless, avoid investing heavily in your rural home if you reside in the city longer.
Take notes and pictures of the houses that you visit.
It is easy to forget details between showings so you should keep a record of each House.
6. Make an Offer When Buying Your First Home
Once you have found the perfect home, it is time to make an offer. Shifters and Movers will help you determine an appropriate offer price based on the market and the condition of the property. You may have to negotiate with the seller especially in this competitive market.
These steps when buying your first home is an opportunity to ensure that the terms of the deal align with your goals.
7. Get a Home Inspection
After the inspection offer a home inspection.
A professional inspector will check the house for any hidden issues, such as structural problems, plumbing issues, or electrical faults.
Based on the inspection results you may decide to;
- Request repairs or credits from the seller.
- Re-negotiate the price.
- Walk away from the deal.
8. Secure Your Financing
Once the inspection is done, you will finalize your house application. This is when your lender will conduct more in-depth reviews of your financial documents and the property itself.
This means submitting additional paperwork, confirming your financial status and getting your loan underwritten.
- Loan Approval– The lender will finalize the loan details. They will conduct an appraisal to ensure the home is worth the price you are paying, which protects them in case of foreclosure.
- Interest Rates– Interest rates can vary widely, so it is very important to shop around. Even a small difference in rates can add up to thousands of dollars over the life of the loan.
- Locking in Rates– You might have the option to lock in your interest rate for a period, ensuring it does not increase before you close.
9. Close the Deal
After securing your financing you will finalize the sale and sign the necessary documents. Here you will also be required to do;
- Pay your down payment and any remaining closing costs.
- Review the final property terms and house insurance policies.
- Receive the keys to your new home.
10. Move into Your New Home
Congratulations! You are now a homeowner.
You will be needed to;
- Schedule your move.
- Set up utilities and services like electricity, internet, and water.
Conclusion
In conclusion, buying your first home is an exciting journey that requires careful planning and consideration. By following the above hacks of buying a new home, you will be able to approach the process with confidence and make very informed decisions. This guide explains how to buy your first home from saving for a down payment to closing the deal and the steps to follow when buying your first home.
Take your time and always remember that the right home is always worth the wait.
Do you need a real estate agent to help you on how to buy your first home contact Shifters and Movers at +254799922285 on all the inquiries you will need.
