10 Major Keys For First-Time Home Buyers
There's something really rewarding about buying your first home.
You can finally throw the deuces to those pesky landlords and leasing agents that are telling you what you can and can't do in your own home, who you can invite over, and at what time of night. Not to mention that you're so tired of things breaking in your apartment or rental and having to wait for someone to realize that having a working toilet is kind of important, especially when you're throwing away paying your hard-earned money every month for a place that you barely even like instead of building your own equity.
But the truth is that as much as the American dream of being a homeowner has been sold to us, many millennials have no idea what it takes to actually buy a home for the first time. Sure, it can be a wonderful and exciting experience. The feeling of independence and stability is something that many look forward to as they begin to build a family. But it can also weigh heavy on the pockets with all of the costs that people forget to factor in, which is why it's important to do your research before signing on the dotted line.
Enter real estate guru Christian Ross, who has been helping young adults navigate the real estate market since her humble beginnings at a boutique real estate firm. Stressing the importance of first educating her clients on aspects of the real estate market such as looking as researching neighborhoods, looking at neighboring property values, and development history, Christian has become a tour de force in the industry. Her skills have even landed her a gig on television as a realtor for HGTV's House Hunters, where she helps combines her background in public relations with her real estate expertise to help buyers make get the best home at the best deal!
We teamed up with the real estate expert to get some tips and tricks on what to keep in mind when buying your first home (or buying again in this ever-changing market).
“First timers need to understand that they're going to be spending a lot during the home buying process," says Christian. “From hiring an agent, to paying for the home inspection, it costs a lot of coins up front to shop for a home. There's no window shopping in real estate."
Upfront costs are just one of the many things you should consider when buying a home! Check out more of the real estate gems we gathered from Christian.
Search the history of the neighborhood.
Read the local newspaper in the area to see what kinds of headlines are talked about- is there a new homicide per day, or are there softer pieces about the local community center's bake sale? Seeing what kinds of topics affect the community can tell you a bit about the activity you can expect.
Christian adds: "It's imperative to research the neighborhood. Know whether the community has historic buildings, or maybe the community is historic in itself- if it is you'll know that it may be a touristy area. Research the demographics, especially if you prefer diverse communities- that way you can know if you have a predominant race or class, or if it that area is a melting pot. Looking up census' past will give you insight into that kind of information."
Look into local politics.
You'll want to see how actively the local politicians are involved with the community- either with the schools or attending community events. This will let you know whether these politicians are in office to make effective change in the neighborhood, or whether they have larger political aspirations. If it's important to you to have local politicians deeply rooted in the community, you'll want to see their voting history, political campaigns, and the programs they implement at the grassroots level.
Christian adds: "Be sure to research gentrification in that area. Especially in neighborhoods that were previously known for being the “bad side of town", check out what gentrification may have done to the area. See where it may have pushed the homeless population, sex offenders, and things like that so you know how close those populations may be. Also, see if the area is being taken over by large corporations or hipster shops and businesses."
Research the nearby school system.
If you have children who will be attending the school(s) in the community, checking into the quality of the schools is something you'll want to invest time into. Even if you don't have children, the nearby school district still has an effect on you. A good school district increases a home's value, while a poor district may affect the value of the home. It also plays into property taxes, and whether you can expect levies to be on the local ballots, which also affect your taxes.
Christian adds: "Schooldigger.com is a great tool that gives you an in-depth analysis about the PTA, teachers, and community involvement in the school district. It's great to know about the district so you know what kind of education your child will be getting, and how well the relationship is between the school and the community. If you don't have kids, it's still good information to know so you can know what to expect as far as what issues may be on ballots (as far as levies go), and also what to expect as far as taxes in the area because of the district."
Look at local attractions.
Researching the things that are in your surrounding can give you a good idea of how conveniently things are located near you. A local tourist attraction will provide diversity in the area. It will also affect the prices if the options are slim. Pick an area where you have varying options in shopping and things to do, in an effort to save money and traveling time.
Christian adds: "You'll definitely want to look at the cost of living in the area. Your community may have a pretty high standard of living if there's a tourist attraction nearby. It also helps to look at things like that so you can see how much direct access you have to resources (or maybe not have). See how far the stores you frequent are from your home, or if your community has specialty shops. If you religiously shop at Whole Foods and the nearest one is an hour away, you may not want to choose that community."
Research local neighborhood organizations.
Seeing what organizations, whether nationally or locally, are active in the community can give you a sense of what kinds of issues are important to that particular area. For example, if the Boys & Girls Club of America has an active chapter in your area, you can tell that the care of children is something that the community actively supports. These things can indicate the kind of community you're entering, and you'll be able to determine whether your personal values align with the core values of the community.
Christian adds: "Check out the neighborhood meetings, town halls, request the minutes of homeowners association meeting to see what the local politics are like and how involved the community members are in decision making. If social collaboration and activism is important to you, you'll definitely want to see what that relationship is like between citizens and the local government."
Visit at various times of the day.
Checking out the neighborhood at different points throughout the day can let you know various details that are time-sensitive, specifically traffic. Pick a Monday, Friday, and weekend to stop by the area to see the changes in these patterns.
Christian adds:"Go by at night to see how safe a community may feel. Drive through on the weekend to see what the activity is like on a non-workday. Real estate agents don't know about those kinds of things because they don't live in the neighborhood themselves. Visit the area at different times to get a well-rounded idea of what the neighborhood may be like. Is it quiet during the day but rowdy at night? Are the weekdays pretty low-key, but the weekend brings the noise from neighbors who like to party? Is the neighborhood big into yard sales and letting kids host lemonade stands? Visit at different times to see how active it may be at any given moment."
Get a home inspection.
Upon making a serious offer, you should schedule a home inspection in order to judge the quality of the home and to expose any hidden issues. A home inspection will give you insight into the home you wouldn't be able to see with your eye, and can reveal things you wouldn't have thought of inspecting but are crucial to the buying of the home. Standard home inspections include reviewing the heating system, central air system, interior plumbing, electrical systems, insulation of various parts of the home, and tests the home's foundation and other structural components.
Checking these various elements are crucial to preventing unexpected surprises and buying a home that had pre-existing conditions that, once you sign, are up to you to fix. By identifying the major repairs that need to be made beforehand, you can demand that these repairs be made by the seller, or that they reduce the price of the home.
Christian adds: "The most important thing you can do is get a home inspection because it allows you to really see what you're going to get. You'd rather spend $400 for the inspection and find out there's a $10,000 problem than to buy the home, then find out all of the money you'll have to come out of pocket for on top of what you just spent to buy. An inspection is a snapshot of the home and can be a negotiating tactic as far as getting things fixed before you close, or maybe even lowering the price. If you have to put $10,000 into renovations, maybe ask them to either lower the selling price or make the renovations themselves."
Have a sit-down with the sellers.
Even though you talk to the sellers on a regular basis, having a sit-down conversation over coffee may give you specific insight into their experience in the home and community that will help you determine whether or not you truly want to live in that neighborhood. Discussing the seller's experience can help you determine if you want the same experience.
Christian adds: "If they're willing to do it, go for it (though their agent may be hesitant). Maybe it'd be a better idea to have this talk closer to closing, but definitely consider having a conversation with the sellers about their experience in the neighborhood. You'll get a better picture of the neighborhood, and see if their experience is one you're wanting to have in the home and in the area."
Is it worth the money?
Asking the sellers the kinds of taxes, insurance, upkeep costs (like landscaping and painting) and homeowners association dues they had to pay can let you know if there are any extra expenses added in when buying the home. Knowing these kinds of additional expenses can let you know if it's worth the investment.
Christian adds: "Make sure to find out what other expenses come with the home. Make sure you're getting out of it what you're putting into it. Another key here is make sure the taxes are up to date on the property and there are no hidden fees that will pop up once you sign. Get a clean bill of financial health on the home, and make sure it's worth your money before you close."
What's the market like in the area and surrounding neighborhoods?
Asking if there are foreclosed homes nearby is something that sellers don't particularly like to be asked, but it's crucial to the value of your home. Foreclosed home are usually low in property and buying value, and many foreclosed spaces turn into low-rent homes, meaning that you may constantly have new neighbors and the property value will remain low. If the property value of other homes in the area is low, you may be able to negotiate the price of your own home and offer a significantly reduced figure.
Christian adds: "Ask, or do your own research, on what other homes are going for in the area. This is another situation in which you want to make sure that the money you're about to put into the home in actually worth it. Some sellers try to make back their mortgage plus some on a home, so make sure you're not getting gypped."
Christian's Final Tip:
"Meet with a loan consultant before you even begin searching for a home and see what you truly qualify for (in terms of financing a home) and what's really in your budget. Also, make sure you have a solid understanding of how your loans and mortgage break down. It's always good to get approved for certain loans before you even consider buying a home that you can't pay for otherwise."
Pro Tip: You can use your 401K towards your down payment! Make sure that's one of the many options you explore with your loan consultant and your real estate agent.
Did we miss something? Share your home-buying tips below!
ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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Less & Less Of Us Have Close Friends These Days. Why Is That?
German philosopher Friedrich Nietzsche once said, “It is not a lack of love, but a lack of friendship that makes unhappy marriages.” At close to two decades of working with married couples, I agree with this man 1000 percent. It’s actually the main motivation for why I once penned, “Are You Sure You're Actually FRIENDS With Your Spouse?” because, the reality is, if you’re not friends with the person who you vowed to share every aspect of your life with, for the rest of your life, it’s going to be very difficult (if not damn near impossible) to honor that level of commitment. Without question, I will now and forever die on the hill that if you like your partner, you can make it through the not-so-in-love-right-now moments. Vice versa? Eh…not so much.
A basis for why I feel this way? Another quote immediately comes to mind. Famed author Jane Austen once wrote: “There is nothing I would not do for those who are really my friends. I have no notion of loving people by halves, it is not my nature.” You know, back when I also wrote “10 Things You Should Absolutely Expect From Your Friendships” for the platform, I shared that some of the traits of a friend — a real friend — include loyalty, honesty and compassion. And if you can’t say that your spouse is this way (as they say the same thing about you), chile…what is y’all doin’ over there?
So, why am I talking about marriage when this article is supposed to be about friendship? It’s because, something that life has taught me, kinda sorta the hard way, is we should vet potential friends — especially close friends — almost like we would a spouse.
And if you keep reading, I think you’ll get why I framed the intro in the way that I did.
Why Friendships Are Still Hella Essential
GiphyOkay, so before I get into why it seems that people have fewer friends than they ever had before, let me just say that, even as an ambivert who enjoys my own company and has absolutely no problem with being alone a good amount of the time, every personality type needs friends. That’s not just my opinion;science makes it a fact. Not only do studies support thathealthy friendships help us to feel more satisfied with our lives, but they can also reduce our chances of experiencing depression, stress, and anxiety and they increase longevity overall.
This is why — without going too deep because it’s kind of another topic for another time — it’s important to not allow past hurts and disappointments from former friends (or folks you thought were your friends) to cause you to build up walls as you declare that you don’t need anyone. When you do that, all you’re really doing is working against your own health and well-being. The saying that “no man (or woman) is an island”? It is absolutely true.
That said, even if it’s just a couple of people, make sure that you’ve got individuals in your life who you can call a friend and, in turn, they can say the very same thing about you, okay?
Are All of Those People Your Actual Friends? Or Do You Just Happen to Know a Lot of Folks?
GiphyAight but what if you happen to be someone who swings on the other side of few? Meaning, if someone were to ask you how many friends you had, you’d quickly declare that you’ve got too many to count. Listen, not to patronize or anything yet, but whenever I hear folks (especially if they are over 35) say something along those lines, it takes me back to high school — a time when so many of us thought that so long as we knew a ton of folks and/or we were popular, clearly, we had many friends.
Wisdom and pure ole’ dealing with humans on a consistent basis will teach you that an article that I wrote a few years back for the platform has a title that is spot-on: “According To Experts, We Only Have A Few Friends — Here's Why.” According to it, the average American (based on a survey that was conducted) has somewhere around 16 friends. Oh, but wait. Last fall, I wrote another article for the platform entitled, “What's The 'Five Friendship Theory' All About?” According to it, if you’re someone who takes the word “friend” and the responsibility that comes along with it very seriously and quite literally, as an adult, you can probably only maintain about five close friendships.
Why? Well, that brings in another article that I once wrote: “Life Taught Me That True Friendships Are 'Inconvenient.'” Chile, I don’t know about y’all but my friends know that if I call you that, you can call me in the middle of the night, and you can have money towards your rent (I’m not your mama but we all have hard times sometimes) and I’m gonna have your back in a way where you’ll wonder where you stop and I start — and no, I don’t have a lot of bandwidth for a ton of those people.
Okay, but what if you’re someone who is like, “I know that I have more than 16 and definitely more than five friends, no question”? The next thing that I would encourage you to explore is a theory by Aristotle (check out “According To Aristotle, We Need ‘Utility’, ‘Pleasure’ & ‘Good’ Friends”). Without even realizing it, many of us have people who we use the word “friend” for when…it’s kind of like how social media apps say “friend”: we’re familiar with one another and enjoy some of the same things, we might even have some of the same goals; at the same time, though, we’re not “all-encompassing friends.” We just get along really well at work (utility friends) or like to go to brunch at the same spots sometimes (pleasure friends).
Taking all of this into account, are you sure that you have a ton of actual friends? Or do you just happen to know a lot of people and you use that word for the lack of having another?
And that brings me to my next point.
There’s A LOT of Space Between “Friend” and “Enemy”
GiphyIf you read a lot of my friendship content, something that you will notice me saying quite a bit is that there is quite a bit of space between friend and enemy. It needs to be mentioned, as often as possible, because there are some people who get offended if you don’t consider them to be a friend — and that is unfortunate. I say that because the conclusion shouldn’t automatically be that they are your enemy just because “friend” isn’t what immediately comes to your mind.
They can be an acquaintance. They can be “cool people.” There is someone in my life who, while we’re not friends in the traditional sense, we are each other’s confidant; years ago, we agreed that we would be the place to tell each other whatever and it would stay between us — that is the main purpose that we serve in each other’s lives. Some people, you may consider to be spiritual family in the sense that you care for them and have some deeply profound things in common and still, they are not exactly a friend (I mean, a lot of blood relatives aren’t “friends” with each other).
All I’m trying to say here is we’re all too old now to only put folks in two boxes when it comes to this particular relational dynamic: friend or enemy. So, take some time out to seriously reflect on what you consider the various people in your life to be. I can promise you from personal experience that the sooner you know and the clearer you are, the easier it will be on everybody — because needs and expectations will be clear to you (and them once you articulate them) too.
What Got Folks to Having Less Friends? The Pandemic Plays a Significant Part.
GiphySo finally on to what inspired this piece to begin with. A part of it was an article that was published last year by Big Think entitled, “Americans more than ever have no friends. Here are 5 steps to make more friends.” Another was something that The New Yorker published back in 2021; it’s entitled “What COVID did to friendship.” Y’all don’t have enough time and I don’t have enough space to get into the fact that, just because the media may be talking about it less, that doesn’t mean that we’re not still in a pandemic.
In fact,one article stated my thoughts on it quite well when it said, “The real question, then, is not whether COVID is still a pandemic, but how much COVID illness and death are we willing to accept?” SMDH. And one of the things that has come with experiencing COVID is an interesting type of PTSD: detachment. There are plenty of articles out here to support the fact that my saying that is not merely my opinion.
Even according to the American Psychological Association, loneliness damn near skyrocketed, especially during lockdown and, unfortunately, a lot of people have not recovered from it. That’s why it did not surprise me at all when I read that more than ever, many people do not consider anyone to be a best friend; fewer people are relying on friends for any type of real support, and there is a semi-steady decline in people having friends, especially quality friendships, overall.
In fact, as far as close friends go, currently, close to 50 percent of Americans say that they only have three or fewer, and a relevant contributor to that was what the pandemic revealed as far as people’s proactive participation in other individuals’ lives (I actually read that young women were the ones who lost touch with friends during the peak of the pandemic the most). I also thought it was interesting that some studies cite that 12 percent of Americans say that they don’t have any friends at all.
Is the pandemic the only cause? No. So are things like people working more hours and spending more time online than they probably should (which also increased due to the pandemic, though). To that, Teen Vogue once published, “Social Media Is Impacting IRL Friendships” and Healthline once published, “Social Media Is Killing Your Friendships.” Then we also have to factor in having families of our own which can also take up a lot of time, and that sometimes can cause us to forget to nurture our friendships; so, before you know it, they fade to black. Not due to a fallout or anything, just…life.
And all of this? Some people are saying that it has led to what is known as a “friendship recession.” A huge flag about that is there are reports that a drop in close friends can cultivate a type of loneliness that is just as health hazardous as smoking a whopping 15 cigarettes a day. Not good, y’all. Not. Good.
Quality over Quantity Is Key. Just Make Sure That You Have a Friend or Two.
GiphyOkay, so what is my overall point? That’s a fair question. Just like sometimes “life life-ing” can make us forget to tend to our friendships, if you don’t stumble across content like this, you might not even realize that you’re feeling mentally stressed, emotionally strained, or super isolated and it’s all because you need to prioritize your friendships — because your mind, body, and spirit need them. Again, science has proved it.
At the same time, if, like a client of mine, you find yourself getting a little bit paranoid because you have noticed that over the past several years, your close friend count has been far less than what it used to be, this article proves that you are absolutely not (pardon the pun) alone. Honestly, there’s nothing wrong with having a very small circle of friends because quality is gonna beat out quantity every time; you just need to assess when it happened and why so that you can be sure that you are choosing it to play out that way and it’s not due to some underlying cause that you hadn’t taken into consideration — until now.
An Italian priest by the name of Thomas Aquinas once said, “The happy man in this life needs friends.” Even if it’s just one or two people, please make sure that you have folks who aren’t just your friend but your very close friend. You need them. They need you.
Everyone else, figure out where they fall and nurture accordingly. Life is a lot. We all get by with the help of our friends. Real talk, y’all. Thank goodness for them.
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