Stempien & Associates with Remerica United Realty
DENISE STEMPIEN REALTOR ABR|SRS|PSA, Stempien & Associates with Remerica United RealtyPhone: (734) 658-4389
Email: [email protected]

How to Find Your Perfect Starter Home: 3 Things to Look For

by DENISE STEMPIEN REALTOR ABR|SRS|PSA 11/01/2021

If you’re looking for a starter home, you probably know some of your criteria already. A starter home is a more affordable and practical stepping stone to eventually owning a larger and more expensive forever home. Even with this concept in mind, it’s hard to know what to look for. Here we’ll go over the biggest things to keep in mind when searching for the perfect starter home.

A Convenient Location

Finding a starter home in a dream home neighborhood is an excellent way to experience all an area offers. For this reason, it’s recommended that you look for a starter home in or nearby where you eventually intend to live long term. You’ll be able to judge and access local amenities and businesses, school districts, transportation and overall feel of the location while paying less. If you want to live near family, friends or your job you can experience those benefits before finding your forever home.

This also means that if you change your mind about where you want to live, you’re also in a much more flexible position to move elsewhere. A starter home is already intended as a short-term living situation, so you will be more mentally and fiscally prepared to try somewhere new.

A Stable Housing Market

Even though you’re not likely to stay in a starter home for a long time, it’s important to find one where the local housing market is healthy. Consider a property in an area where home values and sale prices have either remained steady for years or have been gradually increasing. Be wary of neighborhoods that have dropped in price—while you may score an excellent deal on a home and mortgage, lower property values mean you may not recoup the cost when you eventually sell the home.

If you’re uncertain about market trends in your desired area, consult a real estate professional for guidance. They’ll be able to point you toward a smart move so that you find the best property for your needs.

Minimal Repairs or Improvements Needed

Some people equate the idea of a starter home with a fixer-upper. While fixer-uppers can be extremely affordable, they are often far more work (and expense) than new homeowners are prepared for. If your goal is to live in a starter home while saving money for a different home in the future, the last thing you want to do is spend thousands of dollars on repairs and improvements. This will delay your longer-term goals and probably add unnecessary stress to your living situation.

To avoid this, weigh your options when considering a property with existing issues. Some are easy and inexpensive fixes that can equal a great deal, while others might leave you in the red. Steer clear of major problems like a failing roof, foundation issues or extensive mold or pest problems. These problems are not only expensive to fix but require immediate attention—there’s no putting them off for later.

Starter homes can be incredibly beneficial for many first-time homebuyers. However, avoiding some common pitfalls will ensure that you find the right starter home to help you accomplish your future goals without sacrificing your short-term quality of life.

About the Author
Author

DENISE STEMPIEN REALTOR ABR|SRS|PSA

You can feel confident that you picked the right Realtor because I earned my place as one of the top local real estate agents locally. My website has a ton of resources that can help you search for your new home. Feel free to use my website, free of charge and with no strings attached. If you need representation or just have any questions at all, I'm always here to help. Call me today!

I am fully aware of the current market trends and what it takes to get a great deal on your dream home or get top dollar for your current home. When it comes to getting the job done right, you can count on me.

I have a great team of professional affiliates, including lenders, inspectors, carpet cleaners and even licensed professionals for full renovation projects throughout the Wayne, Oakland, Washtenaw, Livingston, Monroe and Jackson Counties.

This process is all about you and your needs. Real estate is a big investment and I understand that. One thing you will get with me is a professional personal relationship.  We work together through the entire process and in the end, that goes a long way. For more information, feel free to contact me: email, call or text. I would love the opportunity to earn your business and partner with you in regards to your real estate needs.

Denise Stempien ABR, SRS, PSA (734) 658-4389.