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How to Prepare to Buy Your First Home

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So, you’re going to buy your first home. First off, congratulations! Buying your first home is an important step in your life. It’s something you can leave your children, and a place you can always return to. You won’t have to fear landlords raising the rent on a whim, or refusing to renew your contract because a richer client came along. You won’t have to worry about protecting your security deposit. It’s a little oasis of stability. But, you have to prepare for it – the risks are too high otherwise! You want your first home to be a stepping stone to greater things, not a mistake that can put you in the hole financially. So, how do you do that? How do you make sure you’re ready to buy your first home?

A man holding keys in his hands. It's a good set of keys, and then man is wearing a ring.
Holding the key to your first home is one of the best feelings in the world.

Decide if you’re ready to buy your first home

Owning a home is a lot more expensive than renting. However, it is a lot more rewarding, especially in the long term! But, are you financially stable enough to do it? After all, a bad purchase is very difficult to bounce back from and can set you back considerably. You have to think about everything that’s suddenly your problem! Just as you have to research the best Brooklyn movers, you have to research the best way to buy a house.

  • There’s no landlord to rely on when it comes to making repairs. You have to figure everything out yourself – and pay for it!
  • You have to calculate your mortgage – and pay for it! That includes holding down a steady job that will let you afford it. Of course, places can get pretty severe about missed payments, so you should know you can hold down your job while you’re paying the mortgage. Buying real estate is serious!
  • You have to figure out how taxes would work – and property taxes vary from place to place. This is especially important if you’re moving long distance – if you’re moving to Chicago from NYC, for example, expect different taxes.
  • You need to get out of debt. This is the most important step in buying a home. After all, the mortgage is even more debt, and debt acquires the interest, and before you know it you’ll be drowning in debt! It can get so bad you’re spending all your money just to keep the accumulating interest at bay, instead of paying off the debt amount!

How should you treat your first home?

House-flipping shows have made everyone convinced they’re some light repair work away from scoring a hundred thousand dollars. This isn’t true. You shouldn’t treat your first home as a flip-house, or a project, or an investment. This is, after all, your first time buying a home. You’re inexperienced! You don’t know what you’re getting into! And, especially if you’re moving a long distance to your home, you don’t know how you’ll manage your new neighborhood. So, expecting to make a boatload of money on your first home is not very likely. This is why Brooklyn real estate analysis is important. Only buy the home you can afford.

A man with some fancy rings holding a fat stack of cash.
House flippers have backup plans to fall on, and a cushy cash cushion. First-time homeowners rarely do.

Of course, it can be difficult to buy the home you can afford if you want more space. No one wants to live in clutter – and many people dream of luxurious first homes where they can sprawl out with all of their belongings. That’s completely understandable, but don’t despair if you can’t buy that extra bedroom! You can downsize your belongings without getting rid of them if you invest in public storage New York. It’s a lot cheaper than buying a bigger house!

Plus, you can’t buy your first house and move on your own at the same time. Buying a home is a long, involved process. The last thing you want to do is to plan a move while planning to buy a house! This is where movers NYC come in – it helps more than you’d think to have a bunch of trained professionals on your side.

What do you need to do to buy your first home?

First things first. It’s vitally important to build up an emergency fund. Accidents happen. You could get a freak weather storm that busts up all your windows. You could get into a car accident. Or, you could develop a serious illness, like cancer or diabetes. Medical treatment is very expensive, and it often leads to bankruptcy. If you have an emergency fund, you can stop that, or at least mitigate the damage. You don’t want to buy your first home only to immediately sell it because your family got seriously ill!

A jar full of money.
A good savings account helps.

So, after you have a small emergency fund, you have to get all your finances in order. Unless you’re seriously rich, you have to shop around for a loan! You have to check your credit store – if you want to buy your first home, you have to have good credit. Unfortunately, if you’ve married someone with bad credit, both of your credit scores will get considered, so it won’t be super easy. But, you can always look up tips to boost your credit score!

You have to examine your first home thorougly

The sad truth is, many people believe that there’s a sucker born every minute. Don’t be the sucker. You have to do a thorough inspection yourself. The worst thing you could possibly do is to buy your first home without laying eyes on it. Of course, sellers are legally bound to disclose problems that they know of…if they know of them. So, if you discover a nest of termites after you close on the house? Whoops, the past owner had no idea! You’re out of luck! This is why you have to inspect everything – check for vermin, check the wiring, check the pipes, everything you can think of. You have to pay for a home inspection – a professional will do it better than you will, and you’ll get a paper trail! Get an independent inspector and not one provided by the house sellers.

These guys are TRUE PROFESSIONALS! We've now moved with them twice (once in 2017 and then again this week) and we really can't say enough good things about them. Simi is incredibly easy to work with for scheduling and quotes, and the crews - John, Super Mario, and everyone - are just awesome. They're quick, incredibly careful and conscientious, and super friendly. If we ever move again (and god I hope we don't have to) we're absolutely calling them.

Allison "Elnoods" N.

From Brooklyn, NY

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CALL: 718-768-6778

Frequently Asked Questions

At U.Santini Moving & Storage Brooklyn, we've earned our reputation through honesty and transparency. We're here to address all your questions and provide peace of mind as you choose our moving services in Brooklyn.

What are your working hours?

We are open from Monday to Friday, 7:30 AM–5 PM, but feel free to contact us through our contact form anytime. We'll get back to you ASAP.

Does U.Santini Moving & Storage offer insurance?

Absolutely! We offer various types of insurance to protect your belongings, including a full replacement option. The cost depends on how much your things are worth and the deductible you choose.

How soon should I schedule my move?

It's a good idea to book your moving company at least 8 weeks before your move. If you're moving during the holidays or in the summer, it's best to schedule it 12 weeks ahead. But if your move is between September and May, you can often book movers with just 2 weeks' notice. The key is to secure your moving crew as soon as you have all the details about your move.

Do you provide packing supplies?

Yes, we do. Along with the necessary boxes and packing materials for your move, we offer various 'Saver' packages tailored to the size of your home. If you don't use all the boxes you purchased, you can return them to our team after the move, and we'll refund the unused portion.

What type of storage do you offer?

At U. Santini Moving & Storage Brooklyn, we offer complete storage solutions in climate-controlled units. Our units are monitored 24/7 to keep your belongings safe, whether you need short-term or long-term storage. We even provide storage options for very short durations, including as little as 24 hours.

Areas We Serve

We bring our professionalism and expertise to every corner of New York City. If you are looking for a tailored moving experience, our responsive team of Brooklyn movers and packers is waiting for your call. Get your quote today!