Everyone’s “dream home” looks a little different, but what happens when you try to merge two different pictures? House hunting as a married couple is easier than going solo because you have emotional and financial support throughout the process. If you and your spouse have different ideas about your future digs, it’s important to find out now and figure it out. Keep in mind, compromise isn’t always easy when you’re making the most significant purchase of your life.
Know Your Credit Scores and Financials
Your finances may already mingle, but do you know each other’s credit scores? Before you start the process of applying for a mortgage, pull up your credit reports and see if there’s room for improvement. For example, errors should be reported and corrected, and it may be wiser to pay off certain loans or credit cards than to face a higher interest rate. Getting a firm grip on your entire financial picture will also prevent surprises down the road. Contact Annualcreditreport.com to request your free annual credit report.
Create Lists of Your Individual Musts
As you search for a home, which features are the most important to you? What about your spouse? Instead of learning about each other’s must-haves and dealbreakers along the way, take some time to write them down now. Take a week or two to make lists on your own time, and don’t consult each other about them. Think of at least a dozen things you want your home to have, like a spacious backyard, master bathroom, or waterfront views.
Tap into Your Real Estate Agent’s Expertise
Don’t forget: you two aren’t doing this alone! Your real estate agent has insights into the local market and the painstaking process of choosing a home, and they’re emotionally removed from your disputes and decisions. Use them as a mediator of sorts. If you and your spouse are first-time home buyers, this is especially important, because you will need unbiased input before making emotional decisions that affect your whole future.
Fixer-Upper or Move-in Ready?
Remodeling is right for some homeowners, but you should be on the same page about the amount of remodeling you’re willing to do. If one partner wants a move-in-ready house and the other is willing to make repairs and upgrades for years, it’s time to decide on a compromise. For example, how much money are you both willing to spend on upgrades? Is it okay to make remodeling plans if key spaces – for example, the kitchen or living room – are already up-to-date? These are questions that may help you get closer to the same page. We buy ugly houses Arlington Tx.