Wednesday, June 27, 2012

Tips for finding your Millburn-Short Hills home

You know you want to move into a Millburn-Short Hills home, but aren't sure where to start.  There are many things to take into consideration.  Do you want a condominium or single family home?  Which neighborhood is the best for you?  What style of home best suits your needs?  The options can be overwhelming!  Here are tips that can help make your home search easier to handle.

Calculate your budget
Calculating a budget before starting your home search is a good idea.  There is no point in looking at homes that are not in your price range--that will only set you up for disappointment.  When figuring out a budget, take into consideration how much money you have to put for a down payment and how much you can afford for monthly payments.  Don't figure to also figure in regular home maintenance and property taxes.  Your budget should be something you can make comfortably, not something you can only handle if everything goes perfectly.

Pick the towns and neighborhoods you'll consider
Narrowing down your choice by neighborhood will help a lot and keep you from feeling torn after you find the "perfect" house that just isn't located in a place you like.  Each location has its pros and cons, so think carefully about what is most important to you.  For example, maybe you are only willing to move somewhere that falls within a 30-mile radius of your work or is within a certain school district.

Determine the house type you want
Do you want a single family home, or would you prefer a multi-family home such as a condo?  The answer to this will depend quite a bit on your stage in life and your lifestyle.  Seniors and young professionals, for example, often prefer condos because it saves them the trouble of lawn care and many issues of home maintenance.

Make a list of home necessities
Write a short list of necessities for the home you want.  This isn't a wish list--it's a list of "must haves" and you will only consider homes that meet your criteria.  Maybe your ideal home must have three bedrooms, a backyard, and space for a dishwasher.  This will save you time.  If you know you are not willing to live somewhere that has less than three bedrooms, you won't waste time looking at homes that will never work for you.

Hopefully these tips help put you on the right track as you search for that ideal Millburn-Short Hills home.  If you want the help of a professional, do not hesitate to contact me.  Have a good week!

Elaine Pruzon
Coldwell Banker Residential Brokerage
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