What types of homes should I look for as a beginner investor?

First time investors have to be careful on the kinds of homes they buy. It is always a special feeling to be a first time home buyer. However, in the mix of things and emotions, one has to be careful so that they don’t make mistakes that may be costly to reverse in the long run. As such, all first time home buyers should think of consulting the experts in the real estate industry so that they can be guided appropriately.

Are you a resident of Cliffside Park in Bergen County? What are some of the factors that you need to consider as you buy your first home? Well, regardless of your location in the country, one needs to use the mortgage calculator to know the cost of the homes they want to buy. You also need to hunt for home buying deals in your area. What will be your total monthly cost for the type of a home you will buy? What is your total budget? Many real estate agents and experts in West New York in Hudson country would advise you consider your budget before settling to buy a certain type of a home. You can budget for 28% of your income. In the extreme cases, you should not go beyond 30% of your income.

15059192892_6f6dc1dde6_oWhat type of home do I need?

This is the hardest decision that first time home buyers need to make. Having not bought homes before presents a big task for first time home buyers. However, being a first time home buyer could be easy in that you may not have lots of money to buy the bigger homes. You may also not have a family, or you may have a small family. This makes it easy for you to make a quick decision.

 

Do you need a town house or a condo?

Before you buy your first house in Fairview in Bergen County, you have to consider a number of things. Factors such as the location of the house and the maintenance costs of the same should be considered. What will be the monthly condo fees? Is it worth? One also should consider the ownership rules of the homes that they will buy. The cost of lending of the specific home that you want to buy should also be factored in.

A condo could be a good fit for first time home owners. This is due to the convenience that comes with it. As a first time owner, you may lack the skills and the time to take a full home. First time owners definitely may not have the skills in home maintenance and the responsibilities that come with fully detached homes. The association fees paid for the condos will easily take care of all the maintenance and repairs needed.  

For the first home owners who have the means to buy a house, this could turn out to be a good long term investment. However, one has to be sure that they can pay for the home and stay in the location for a much longer time.

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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