March 8, 2023



10 Things to Consider When Looking for a House

10 Things to Consider When Looking for a House

Spring in Minnesota is typically the busiest time for home buying and selling. This year is shaping up to be similar. As the snow melts and Minnesotans emerge from their winter hibernation, they start feeling the itch for change, which drives the housing market each year.

If you’re preparing to buy a new home this spring – or any time – there are some things that you should consider to be sure that you’re setting yourself up for success in your new home.

  1. Evaluate the different types of home loans.
    Not all mortgage loans are created equally. Further, based on your situation, there may be a specific type of loan that could be more beneficial for you. Find a Real Estate Lender who will seek to understand your situation and present you with all the options – from first-time homebuyer loans to options for Veterans.
  2. Think about how work location may affect your current or future situation.
    As you choose a location for your next (or first) home, consider how your commute or remote work options may impact your location decision. With remote work becoming the new normal in some industries, you may have more flexibility with your home location.
  3. Consider schools in the area.
    Even if you don’t currently have any children, it’s good to consider the schools in your community. Strong schools equal strong communities.
  4. Check out the vibe of the neighborhood.
    Do some research on the neighborhood where your new home is located. Does it have the vibe you’re looking for? Maybe you’re looking for quiet and quaint, or maybe you’re looking for vibrant and energetic. Do some drive-throughs, meet your potential neighbors if possible, and chat with your realtor about if the neighborhood fits your lifestyle.
  5. Find a realtor who will be an advocate for you.
    Working with the right realtor can really help or hinder your home-buying experience. Find a realtor who aligns with your personality, values, and will represent your best interests.
  6. Find a Real Estate Lender you can trust.
    The Real Estate Lender you choose to work with is just as important as your realtor. From getting prequalified, to ultimately completing the purchase, your Real Estate Lender needs to be someone who is open to answering your questions and is working to ensure that everything is aligned for a smooth transaction process.
  7. Consider your life 5 and 10 years from now.
    As you consider what you need in your home, challenge yourself to think about your future life. What does life look like in 5 years? 10 years? What will change and how does that impact your home needs right now?
  8. Consider your entire financial picture.
    When you’re looking at your finances and considering how a home purchase will impact your current situation, consider your entire financial picture – including your existing debt like car payments or student loans, and other purchases that may be coming up in the next few years.
  9. Consider the monthly financial costs, not just the mortgage.
    Your mortgage payment is only one element of your monthly home payment. When you’re budgeting, don’t forget to consider your heat and electric, cable and internet, and other home-related expenses that will come with your new home.
  10. See the potential in the homes you’re looking at.
    As you look at houses, look past the paint and outdated carpet and try to see the potential of what the home could be if you added some sweat equity! This will allow you to get the most bang for your buck.

This is an exciting part of your life! Enjoy the home-buying process and try not to get overwhelmed by the details. One of our local Real Estate Lenders can help answer any questions you have about the home-buying process and ensure it’s smooth and enjoyable for you.

Beck Eckleman close up

Becky Eckelman

Office: 218.825.8946
Cell: 218.820.4771
NMLS#: #730105

Becky Eckelman is a Mortgage Lender for Deerwood Bank. Becky is based out of the Baxter office and has been with Deerwood since 2014. She graduated from the University of Minnesota with a B.A. in Sociology, and then went on to obtain her MBA in Business Administration from the College of St Scholastica in 2004. During the warm seasons, you can find Becky in her veggie and flower garden planting, weeding, and pruning. When the cold seasons hit, Becky spends a lot of time out in the woods – hiking, training her dogs, ice skating, and cross country skiing.

Back toTop