Patrick Williams & Associates
Cheryl Patrick Williams, Patrick Williams & AssociatesPhone: (707) 280-8349
Email: [email protected]

Choosing the Right Home For Your Family is a Process

by Cheryl Patrick Williams 04/21/2019

When you decide to make an offer on a home, your mind may be flooded with dozens of questions and concerns -- several of which may involve money matters, while others are about the condition of the house.

However, if you've had the house professionally inspected and made sure your income is sufficient to absorb monthly expenses, than you've already taken steps to prevent or at least minimize future challenges.

Since buying a home is such a big investment and there are so many emotional factors that could influence your decision, it's essential to stay focused, adhere to a budget, and be aware of what you need in order to be satisfied with your purchase.

The Financial Side of Things: Even though a mortgage broker or loan officer may approve you for a large mortgage, only you can determine whether you'd be comfortable making those monthly payments. In  addition to the cost of your mortgage, property taxes, and school taxes, there are also other expenses to consider and include in the equation. If you're moving into a larger house, for example, the cost of heating and/or cooling your home may be higher than you're used to. Poorly insulated houses can also have a negative impact on home energy costs.

Another key factor to think about when you're figuring out the affordability of a potential new home is property maintenance, the cost of HVAC service, and miscellaneous expenses, such as appliance repairs, plumbing leaks, and electrical services. Some neighborhoods, residential developments, and condos also require a monthly Homeowner Association (HOA) fee, which can potentially put a burden on your cash flow situation. A good rule of thumb, of course, is to avoid spending beyond your means. While nobody would dispute the logic of that advice, it's often a lot easier said than done -- especially on an ongoing, consistent basis.

Non-Financial Priorities: The only way to know what you truly want and need in a new home is to clarify your goals, requirements, and wishes. Making lists, discussing it with your partner, and visiting lots of homes for sale will help give you the ideas, the inspiration, and helpful points of comparison you need. Online real estate listings and home improvement websites can also provide a wealth of practical ideas.

In addition to having enough bedrooms and bathrooms to meet your family's needs, it's also important to feel comfortable with the quality of the school district, the amount of noise in the neighborhood, and the traffic level on nearby streets. Proximity to recreation, shopping, and other amenities can also make the difference between your ideal home and one which doesn't quite make the grade. Privacy (or the lack, thereof) is also a major issue which can impact your satisfaction with a real estate purchase. While it's good to approach home buying with a sense of optimism, the best time to weigh all the pros and cons is before you sign the final papers at the closing table!

About the Author
Author

Cheryl Patrick Williams

 

Cheryl is a native of San Francisco and resided in Sonoma County for over 20 yrs. She now resides in the East Bay with an office in Walnut Creek. A licensed Professional Chemical Engineer for the state of California, Cheryl loves solving problems and finding solutions. And she brings these skills to her Real Estate business.

 As the Broker /Owner of Patrick Williams and Associates (PWA), Cheryl leads a  full service real estate brokerage serving the North Bay and East Bay counties of Northern California. She considers her real estate business a ministry helping her clients with their many and varied real estate needs. In addition to regular retail home sales, Cheryl specializes in helping clients avoid foreclosure by way of  Lender approved pre-foreclosure sales (Short Sales). Her relationships with Lenders benefit buyers and investors by providing discounted properties through Distressed Sales (short sale and bank owned properties). She enjoys working with Sellers, making the sale of their home as smooth as possible while ensuring the highest price. Her rehab experience and knowledge of home staging, allows her to prepare her listings to show in their best possible light.

She also enjoys helping Buyers explore creative loan programs to enable them to purchase the home of their dreams.  Her primary objective is to exceed the needs and goals of her clients while making sure their real estate experience is as smooth and efficient as possible.

When not helping her clients with Real Estate, Cheryl enjoys singing on her church worship team, acting in Community Theaters, traveling, learning, spending time with her 3 grown children, family and friends and volunteering as a mentor for abused/neglected and at-risk children in her community through Royal Family Kid's Club.