About Our Guest Author:
Ruslan describes himself as an energetic agent, driven to assist people in one of the biggest transactions of their lives: that of buying and selling real estate. He values relationships over transactions, and seeks to improve the lives of people through personalized real estate solutions, as well as his knowledge he hands out freely online.
In today’s article, we asked Ruslan to deliver us his tips for first-home buyers trying to start or raise a family in Encino, California. Encino is an increasingly popular town for families and raising children, so we believe we asked him the right question.
Here’s what he had to say:
Things To Know About Encino Before You Make Your Decision:
Encino is an increasingly popular area, but far from crowded. It offers plenty of schools, healthcare institutions, parks, sport complexes, and developed public transport. It has a very welcoming job market.
The cost of renting a house or apartment is relatively high, so if you’re committed to relocating here long term and enjoy a comfortable family life, buying a family home is indeed more worthwhile in the long term.
With that in mind, here’s my checklist of things you need to consider if you’re specifically in the family home market.
Encino Family Home Checklist
This checklist follows a pattern of narrowing down your search systematically, so that you may quickly focus down on precisely what you’re looking for. A key aspect in home searching is time management – you should spend it in the field reviewing a potential house, not online scrolling listings endlessly. That will just tire you and stress you out needlessly.
This is how we do it:
First Step: Setting A Budget (And Sticking To It!)
Setting up a budget should always be your first step, especially for a future family home. It’s easy to get distracted by prettier listings that carry bigger price tags, and then fall into a loop of thinking up ways to afford it. Don’t do this.
Start with a budget you’re 100% certain you are fine with, one where you can buy a home you like on the spot. If you exhaust this option and no suitable homes are available, adjust your budget incrementally in the future, but always start with your foundational budget.
Choosing Your Priorities According To Your Future Plans
Take a piece of paper and list out your priorities. Do it multiple times if you have to, each time arranging the priorities in a more appropriate order. You will be using this to narrow down your search, and save plenty of time better spent elsewhere.
Know the type of future you wish to build inside that home. How many bedrooms should it have? Will you have more children in the future? How about a backyard? Maybe you don’t drive currently, but at some point in the future both you and your partner will need a garage for two or more vehicles. Think about these topics and discuss them in depth with your partner or family.
Once you know your key priorities, you are 10 steps closer to a family home.
Expand Your Horizons
Once you have a budget in place, and you know exactly what you’re looking for, the search can begin. I recommend you use every possible avenue of approach here. Any real estate listing anywhere could be your future dream home. You should always look for new places to gather information, browse listings, or get in touch with a potential homeowner looking to sell.
Don’t Hold Back – Ask Questions
Once you set your eyes on a potential home, you need to inspect the offer like a detective. Ask any and all questions that come to mind. It may feel awkward at first, but remember that you have every right to complete unfiltered information regarding one of the most important decisions of your life. Be inquisitive and direct, it will show that you are a serious buyer and any serious seller will greatly appreciate this – they will usually attend to you more than they usually would.
Don’t Settle For Less
It goes without saying, but I will say it anyway. You should never settle for less than you set out to accomplish. It’s completely fine to gradually lower your expectations or shift priorities toward easier goals, but don’t settle for less than your current goal. If it’s a family home you’re after, your decision will impact multiple lives and shape the trajectory of your future. If you settle for less, you will just create inconvenience for yourself down the line.
This will greatly affect the time required to buy a property and settle in, but at the same time it will impact the quality of your life even more. An ideal home is always worth the wait.
This guide was pretty much oriented towards mentality and state of mind, rather than a step-by-step guide of actually purchasing a property. I believe the internet is more than full of such guides that tell you how to get your documents ready and other nuances of home buying. Instead, I tried to give you something different and unique, tips that could truly change your outlook and improve your decision making, that’s my approach. I hope this guide was enjoyable to read and gave you something of value. Thanks very much for reading.