Edward Williams | Windsor Real Estate, Bloomfield Real Estate, South Windsor Real Estate


If you’re buying your first home, there are plenty of things that you’ll need to know. Being informed will allow you to avoid some of the most common mistakes that first-time homebuyers make. These errors and their remedies can be found below. Don't join the crowd and make an error, know before you buy. 


They Don’t Have Enough Funds


Every homebuyer plans for mortgage payments. Not every buyer plans for all of the other costs that go along with buying a home. Just because you can afford mortgage payments doesn't;t necessarily mean that you can afford the house. 


There’s so much financially that goes into owning a home. You’ll need to plan for things like home maintenance, insurance, taxes, closing costs, and more. All of this will need to be saved ahead of time in order to buy and maintain a house. Things like property tax and insurance can go up yearly, and these costs can be very unexpected. 


Not Securing A Loan


If you don’t secure a loan first and find the home of your dreams, you could be in for trouble. If you haven’t been pre-approved for a mortgage, finding a home and putting an offer in is a bit riskier. Many buyers don’t realize that they can’t qualify for the amount of loan that they think they can. Getting pre-qualified allows buyers to understand just how much house they can afford. 


Avoiding Real Estate Agents


If buyers go it alone, they are taking a risk. The seller pays the real estate agent fees in a home transaction. You really have nothing to lose getting a professional to help you. From there, your agent can recommend all sorts of professionals to assist you in your home search including lawyers, mortgage companies, home inspectors, and others. It’s essential for a smooth home transaction to work with people who are experienced and know what they’re doing.    



Depleting Your Savings


When you buy your first home, you’re going to need a reserve of cash beyond what you have saved for a downpayment. This cash includes an emergency fund, money for repairs, furniture, new appliances, and other unexpected expenses. If you use all of your savings on a downpayment, you’ll be in a dangerous financial situation. Just make sure you have saved enough extra for a rainy day fund.


Opening New Accounts


Before your loan is closed, you should be frozen- financially frozen that is! Don’t open any new accounts. It can be tempting to head out and buy a new car that will look good in your new driveway or to fill your house with all sorts of brand new furniture, but you should wait. Once you get the keys to your new home, you’re in the clear to spend again and open new accounts. You don’t want to overextend your budget of course. Just be sensible!      



99 Park Avenue, Windsor, CT 06095  

Residential
$149,900
Price
6
Total Rooms
3
Bedrooms
1
Baths
Lovely Cape in established neighborhood in move-in condition. Large formal living room, formal dining room, and eat-in kitchen with breakfast bar. Nice enclosed porch. Spacious master bedroom on 1st level and 2 bedrooms on the upper level. Featuring beautiful hardwood floors on 1st and 2nd levels. One car detached garage, level lot and private backyard. This house is conveniently located near schools, shopping, public transportation, Windsor Center, I-91, and I-291.


If a new home has you dreaming of new possibilities for your lifestyle. This seems to be especially true when buyers home of choice has a spare bedroom and/or finished basement. Upgrade your lifestyle by creating a room dedicated solely to your interests.

Here are five ideas that will have you feeling like you're living the luxe life.

A home gym is a perfect addition to a finished basement or large spare room. To get a true gym feel install large mirrors, a widescreen tv and built-in speakers. Depending on the size of the room and amount of large exercise equipment you include in your room you can make this room even more upscale. Investing in a sauna and/or tanning bed will provide the perfect source of relaxation after a strenuous workout.

If you are a creative having a room solely dedicated to your craft is a dream come true. Whether you’re a painter, writer, scrapbooker or seamstress a whole room to neatly organize the tools of your trade is a new level of freedom. Most likely you are accustomed to packing up and stashing them away after each time you create. Claim your space and let your artistic genius flow!   

An increasingly popular addition in new homes is a gaming room. And not in the sense of darts and foosball. Instead, homeowners are creating a space dedicated solely to their multiple video game consoles and creating the perfect gaming environment. Installing surround sound and a large widescreen tv will have you feeling completely immersed in the game experience. A comfortable sofa and well-stocked mini fridge will keep you fueled for those long hours invested in beating your next game.

Another popular choice is a sports bar or what many would call a “Man Cave”. As with a gaming room, you’ll want to create the ultimate game day experience with surround sound and a large high-def tv. Leather couches and a wet bar that includes a built-in beer fridge are a must for this room. Bring in a healthy dose of team pride with framed posters, signed memorabilia and mascot emblazoned items. All that’s left is to prep some game day snacks and stock the fridge before inviting guests over to cheer on the home team.

A spare bedroom should be taken advantage of. Don’t let it become a giant storage closet or a hardly used guest room. Instead, create a room that is unique to you and your lifestyle. Whether you’re a creator, a gym junkie or game fanatic your own room will get more than its share of usage. By investing in your own interests you’ll be gifting yourself downtime and a happier future.


8 White Birch Circle, Bloomfield, CT 06002  

Residential
$254,900
Price
8
Total Rooms
3
Bedrooms
3/1
Full/Half Baths
Custom built 8 room split-level home with a unique floor plan nestled on a quiet cul-de-sac. This spacious home features a formal living room, dining room, and eat-in kitchen with abundant cabinet space. The upper level consists of three bedrooms, including the large master bedroom with walk-in closet with access to full bathroom. You will enjoy the 12x19 family room with a fireplace and views of the beautiful backyard. There is additional space in the huge finished lower level with an 18x25 recreation room/den and a full bathroom. Great for entertaining. You will enjoy spending time on the spacious deck that was recently stained. This house boasts recently installed windows and newer architectural roof. This home is in move-in condition, so don't miss this opportunity!


68 Hope Circle, Windsor, CT 06095  

Residential
$219,900
Price
7
Total Rooms
3
Bedrooms
3/1
Full/Half Baths
Welcome home! Spacious split style home in move-in condition with 3 bedrooms, 2.5 bathrooms, and one car attached garage located on a quiet cul-de-sac. You will love the large eat-in kitchen, formal living room with fireplace, and a formal dining room. There are beautiful hardwood floors on first and second levels. You will enjoy lounging in the glass-enclosed 3 season porch. Huge family room on the lower level. Come and visit this move-in ready home!