Find Your Dream Home: Tips for First Time Homebuyers With Disabilities
Buying their first dream home is an exciting event for most home buyers. Unfortunately, it also comes with its share of stress and challenges. As a house-hunter with a disability, you may face more challenges than most. To buy your first home, you need to find it, be able to afford it, and know how to handle the move.
How to Find Your Dream Home
Finding a home when you have a disability may feel overwhelming at first. According to research, fewer than 5% of homes in the U.S. have accommodations for persons with mobility difficulties. When looking for homes, you may want to start on the internet. Some websites have an accessibility filter. Talking with a realtor with experience in buying or selling accessible real estate can also benefit you.
When beginning your search, list your requirements and keep a checklist. Think about how your disability alters how you function within your home. Some people need different accessibility options. For example, you may need all of or only a few of the following adaptations to a home:
Ramps instead of stairs
Handrails in the bathroom
In some instances, you may need to make home modifications after you purchase the property.
Oil Town Realty can help you find the perfect accessible home for you, as well as walk you through the buying process from start to finish.
How to Prepare for the Costs
As a first-time buyer, there are several factors to consider before buying a home. First, consider your credit score. Your credit score determines your eligibility for a mortgage and may affect the interest rate you receive. To increase your credit score, try to keep your balances low and pay the bill on time.
Start to save money as early as possible. You will need to consider the down payment, the move-in expenses and the closing costs. Before meeting with a lender, make sure to organize your paperwork and be ready to answer any necessary questions. Be warned that sometimes you may qualify for a more expensive home than you can realistically afford.
Look for programs for people with disabilities or lower income. You may find down payment assistance programs, USDA home loans or home ownership vouchers. You should also seek programs to help you with any necessary modifications to a home. For many homeowners with disabilities, modification assistance can be life-saving when the costs of modifications add up quickly.
How to Move Painlessly
On top of housing costs, you need to consider the practical cost to move from one home to another. A local move may cost you in the ballpark of $1,200. A long-distance move, on the other hand, may cost you nearly $5,000. Your total costs depend on anything from the day of the week you require movers to the weight of your belongings and whether you are sharing the truck with any other households.
As a person with a disability, consider full-service movers. This allows you to relax and allow the professionals to pack up your belongings and move them to the new household. However, even when hiring full-service movers, you still need to keep an inventory checklist and decide what you want to pack.
For example, you may want to personally pack your change of clothes, electronics, first-aid kit, and any snacks or medications for your family. You can also transport sensitive documents or heirlooms yourself to ensure safe traveling.
Moving to a new location may be stressful, but if you want your dream home, there are steps to help ensure a seamless and productive move. Understanding what you need out of your new home and the costs associated can make all the difference.