Home is more than just shelter. It’s the place you come to for comfort after a long and stressful day at work. It’s the place where you will make memories with your family and perhaps even raise children. So when it comes to finding a home, it’s important to find the right fit for all of your needs and wants. If you or a member of your family is living with disabilities, this could mean finding a home that includes the design and accessibility features you need. The tips below can help guide you through the process of buying an accessible new home.
Figure Out Your Best Loan Options
As excited as you are to find your dream home, you really need to pause to take a look at your finances before you begin your search. For one, you need to figure out whether you need a loan for your new home. Most folks need to finance their homes, and there are plenty of conventional loan options that can fit your needs. With a conventional loan, you may be able to choose from a loan with a fixed rate or adjustable-rate. Just keep in mind that with a conventional loan, you will most likely need a down payment of at least 20% of the home value to avoid the added cost of mortgage insurance. To qualify for these loans, you may also need to have a certain credit score but you’ll learn more about this essential financial step in the next section.
Then Check Other Financial Steps Off
You can use this financial checklist from Great Homes Alabama to make sure you don’t miss any other money moves. While the list is tailored for first-time buyers it can be useful for just about anyone else looking to buy a new home. Some items on this list that all buyers will want to complete include checking your credit report for errors, gathering any pertinent financial documents and creating a monthly budget to account for a new mortgage payment. If you think you will need to make accessibility changes to your new home, you should also factor these costs into your budget. Then you can avoid any financial surprises during your home search.
Talk About Your Needs With a Realtor For Buying An Accessible New Home
Now that you have a financial plan in place, you can start looking for an accessible home. If you want to get a head start on your search, you can take a look at available listings online via one of several real estate websites. When you are serious about finding a home that fits your needs, however, you should really start your search by hiring an experienced Realtor. If you are looking for that accessible home in and around Birmingham, the Shannon Holmes Team at Great Homes Alabama can make your search as stress-and hassle-free as possible. If you are looking in other areas, you can ask potential Realtors a few basic questions to see if they’re the right fit for your needs.
Look for Homes That You Can Easily Modify
Your best bet for avoiding frustration during your search is to look for a new home in which the layout and current features will make accessibility modifications less complicated. If you use a wheelchair or any other sort of mobility device, for instance, you may want to look for a single-story home with minimal steps inside and outside. Then you can add more specific features, including an accessible bathroom later. Since you budgeted for these modifications earlier, paying for them shouldn’t cause you too much stress. If you do need a little extra help covering the costs of home modifications, you may be able to qualify for funding via grants.
Everyone deserves a home that keeps them happy and healthy. So as you begin looking for your perfect new home, make sure it has all of the features needed to accommodate your day-to-day routines. Also make sure that home will fit in with your financial plans for the future. To make both of these tasks even easier, be sure to work with a Realtor you can truly trust.
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