Home Improvement

Tips for First-Time Buyers

These are some simple, but crucial things you should do before purchasing a condo or house in Springfield Oregon.

1. Check that all appliances are working properly

If they were bought for their aesthetic appeal, a new refrigerator or oven in the kitchen doesn’t necessarily mean that they are functional. Before closing, make sure you check that all devices work as they should.

2. Use a phone charger to check the electric outlets

Before you sign on the dotted, make sure that all outlets are working. This can be done quickly by visiting each room and connecting your device to each socket.

3. Take a look at the Electrical Panel

An electrical inspection will be performed by your house inspector, but not exhaustive. A neat and tidy electrical panel, with every wire and connection clearly marked, is a sign of quality workmanship. However, unconnected cables can be dangerous and a messy panel could indicate poor workmanship.

4. Close and Open Every Door and Window

It will be too late to repair drafty windows or doors that aren’t closing properly by winter. Therefore, it is a good idea for you to always open and close all doors and windows as you move around the house.

5. Check out the Test Sinks, Toilets and Baths.

Although it is possible to replace a faucet after you purchase a property, it is still a good idea to make sure everything works before you move in. This is especially true for serious issues like leaking toilets or showers. Take the time to inspect everything in your bathroom.

6. Identify potential leakage areas

Some property areas are more vulnerable to water penetration or leaks than others. You should therefore pay particular attention to these areas. Make sure that there are no leaks or water penetration in any outside patios. Make sure that gutters at roof eaves have proper drainage to the ground.

7. The Construction of the Basement Walls

The basement is a common problem area in homes, especially single-family homes. It can be prone to mold, mildew and other problems. It might be difficult to tell if there is a problem unless you’re traveling right after or during significant downpours. A basement that smells musty or wet is likely to have moisture problems. If you see a dehumidifier, it’s likely you will need one. The initial inspection will be done by a house inspector. However, you should also look out for signs of moisture such as dampness in foundation walls, crumbling grout and rusted metal.

8. Take a look under the sinks

You should inspect the bathrooms and kitchen sinks as a last resort. A plumbing leak is usually indicated by water damage, mildew, water spots, or musty odors under a sink. Let the water run for several minutes in the sink to ensure that it drains properly.

What should you know as a first-time homebuyer

You should know a few things about the current real estate market if you’re a first-time buyer. First, houses are selling quickly. This property was only on the market for 46-days before it was sold.

It is important to remember that properties sell for close to what they are worth. A typical property is sold for 0.95 percent less than its asking cost.

Last but not least, be aware of the fact that this industry is highly competitive.

Calculating your Monthly Payment

Calculating your monthly payment is necessary to determine how much house you can afford. Before you proceed, there are some things that you should consider.

While the house price is obvious, it’s important to remember that this is only one expense. You should also consider closing fees, property taxes and homeowner’s insurance.

Your first payment: The down payment will have a significant impact on your monthly income.

The interest rate: Lower monthly payments are also possible if the interest rate is lower.

The term of the loan: The shorter the loan term, the lower your monthly payments, but the longer you borrow, the higher the interest rate.

Once you have determined the amount you will need to finance your home, you can start looking for the best mortgage rates. Compare rates from several lenders before making your final decision.

Making the most of your new home loan

If you’re looking for a loan to finance your new home, there are some things that you should consider.

You must have a budget. It is crucial that you know how much monthly mortgage payments you can afford.

You don’t have to spend more than you can afford. To make your monthly payments smooth, stick to houses that are within your price range.

Compare interest rates: Compare the rates from many lenders before making your final decision.

You should carefully read any loan documentation before signing it. This will help you to understand the terms and reduce surprises later.


Although buying a house can be a major decision, it doesn’t need to be difficult. You can find the perfect property for you if you do your research and work with a professional real estate agent. These are the key factors to consider when looking for Springfield homes for sale.

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