Category «Real State»

5 Things to Know Before Buying Your First House in Chicago

5 Things to Know Before Buying Your First House in Chicago 300x133 - 5 Things to Know Before Buying Your First House in Chicago
5 Things to Know Before Buying Your First House in Chicago - 5 Things to Know Before Buying Your First House in Chicago

Contemplating whether or not you should buy your first property can be a daunting task. And the Chicago area offers so much variety, it might even be overwhelming. If you are a soon-to-be-home-owner, you need all the help you can get when buying a property.

You may think that all it takes is browsing through realtor’s brochures and picking the prettiest property. Think again. Buying a property takes some time, saving and patience. You are looking to find a perfect home at the end of the day and don’t want to shoot yourself in the foot.

Luckily for you we offer a few helpful tips and useful advice that will prove valuable, as we cover all the important details to keep in mind when looking to purchase property in Chicago.

First Thing’s First

First Things First - 5 Things to Know Before Buying Your First House in Chicago

Having a down payment set aside is crucial to buying a home. So, we recommend that you save up with as much advance as you possibly can, even better if you’re only starting to consider a purchase in Chicago now.

Don’t leave it for later so you don’t have to let go of the perfect property because you couldn’t come up with a down payment.

The rates might vary from 25% being the most common to as low as 3%. However, as in most markets, you must bare notice to the fact that you get your money’s worth, and the cheaper down payments typically come with Private Mortgage Insurance as the seller is covering their back.

Pre-Approval Saves Time

Pre Approval Saves Time - 5 Things to Know Before Buying Your First House in Chicago

Having good credit is paramount when applying for a loan, thus it is only reasonable that you make sure of where your credit stands before deciding on a definitive option.

Getting pre-approved for a home loan will tell you exactly where you stand and what your wiggle room is before you start roaming through Chicago looking at homes.

Know Your Needs

Know Your Needs - 5 Things to Know Before Buying Your First House in Chicago

Another very important matter is getting real with what type of home fits your lifestyle. The clearer you are in what you’re looking for, the faster you will find it, and more than likely you’ll save money in unnecessary features. If you do not need five bedrooms, then cross out 5 bedroom properties.

Plan Ahead

Plan Ahead - 5 Things to Know Before Buying Your First House in Chicago

We have recommended saving up for down payments and also getting pre-approved. On that same note, it would be wise to also check out open houses, parking space and think of your plans for the future. It will all help in the long run.

The Bigger Picture

The Bigger Picture - 5 Things to Know Before Buying Your First House in Chicago

Some properties might have everything you need, yet lack some things you want. Always be aware of the things you can change, the features that are just whims, and just general small things that you might forego. Compromising some of these might actually be a huge headache reliever.

All in all, we know from experience that if you invest but a little time and effort into finding a home, you will be saving yourself more than just money.

With a down payment, a preapproval, and all of your needs in mind, you are set for success and for finding the perfect home that Chicago has waiting just for you.

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5 Highly Rated Chicago Suburbs for Newcomers to Consider

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5 Highly Rated Chicago Suburbs for Newcomers to Consider - 5 Highly Rated Chicago Suburbs for Newcomers to Consider

If you want to move out of your native country, and you are looking for a good place to put down roots somewhere in the world, you have to go to Chicago, in the United States! According to some magazines, Chicago has the best suburbs in the country, and we are going to tell you why.

Aurora Suburb

Aurora Suburb - 5 Highly Rated Chicago Suburbs for Newcomers to Consider

The Aurora suburb has been shown in statistics about three times, as one of the suburbs with the lowest crime rate in Chicago, and throughout the country.

It is characterized by its employment opportunities, safe streets and all the places that can be visited, such as parks, libraries, and many more places.

The Aurora suburb is a multicultural community! People from all over the world go there, and xenophobia is non-existent, as you can find Latin Americans, Europeans, and Asians living here.

Economically speaking, it is a place where most people are middle class based, and there are a few rich, and a few poor people. Salaries are attractive and property prices are in line with what you can earn.

Glenview Suburb

Glenview is considered one of the most diversified areas in Chicago, has a lot of services such as hospitals and schools. What most characterizes this suburb is being an entertainment area for all the public.

There are music spots, wonderful restaurants with delicious meals and also many other places to go out and enjoy with your friends.

Buffalo Grove Suburb

Buffalo Grove Suburb - 5 Highly Rated Chicago Suburbs for Newcomers to Consider

If you want to be nearby all the important places in the city, then the Buffalo Grove suburb is the best option to move. Adlai E. Stevenson High School is one that has won many awards and the best part of it is it’s located in this suburb.

There are approximately more than 35,000 people living in the suburb, who are friendly, confident and hardworking. Even having this amount of people, it has low crime statistics. Usually, new programs are created to improve the structure of the city in terms of public transport infrastructures to have low statistics of road accidents.

Arlington Heights Suburb

Arlington Heights Suburb - 5 Highly Rated Chicago Suburbs for Newcomers to Consider

It is said that Arlington Heights is more than 200 years old. This community is characterized by its good people.

The suburb usually uses a web page that notifies its locals about what is happening in the city and talks about any topic of interest. Most people do charitable work to help the elderly and disabled people.

This suburb has a large number of public schools. The young people can go out at night to chat and have a good time with their friends, adults can go to pubs and it has several beautiful touristic places to visit. The neighbors are very close and always try to help each other.

Longe Grove

Longe Grove - 5 Highly Rated Chicago Suburbs for Newcomers to Consider

This is a small suburb with a country atmosphere. If you like the outdoors, Long Grove is ideal, as you will love everything you see around the suburb. In Long Grove you can never be bored.

It has some very famous festivals that everyone loves. For example, during springtime, you can do several activities for the festivals of the season.

Without a doubt these are the best suburbs to move to in Chicago, the people are friendly, it has many beautiful touristic places to visit and a low crime rate.