I BOUGHT MY FIRST HOUSE AT 22 Home Series: First Time Home Buyer Tips | How To Buy A House in 2020!
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- Опубликовано: 29 июл 2024
- I bought a house at 22, and these are some of the "do's" and "don'ts" that I picked up along the way as a first time home-buyer!
How much $$ I needed to buy my house : • I BOUGHT MY FIRST HOUS...
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buying a house for the first time
how to buy a house in 2020
first time home buyer
first time home buyer tips
i bought a house at 22
Closing on my home tmrw hopefully🤞🏽 shoutout to YOU for doin yo thang!!!
Good luck! Thank you 🥰
I honestly don’t want anything bigger than 3 bedrooms. I like modest and simple. I’m also really big on garages 🤣 I like light/white cabinets, marble countertops, stainless steel appliances, I can do carpet in the bedroom but hardwood floors everywhere else. I also really like the idea of separate tub and shower, just all the good stuff 😩
Nikki Brielle ooo that sounds amazing 😍
Remodeling ur house will raise the value of it for when u get ready to sell it. Personally I didn’t want to buy a house that I had to fix up either. But when ppl do, they usually get their money back when they sell.
Ashley Claytor right exactly! That’s why I say in the vid that you don’t get it back immediately ! Of course, unless you’re doing a true fixer upper to flip it and sell right away.
Just turned 23 and my boyfriend and I are in the process now of getting our home. It’s a two home 3 bedroom and it’s new, nice area so it is currently being built. Will be ready around May. I can’t wait . Thanks for the tips 😊 love
To see us young black queens doing great 👏🏾
Congrats!
I am so inspired by this! I'm 20 and looking to buy a home within the next year and there are tons of resources available, but seeing a young and beautiful queen give such useful advice really brightens my day. Thanks sister
Jomiecia Griffin Aw thank you so much 🥰🥰🥰
omg I'm also inspired
My entire family dream home: 4 story 10 room 7.5 bath no mortgage ...a dream!!😂
Personal dream home: 4bed 3.5bath with plenty yard space split level home
Wow! I'm twice your age and I don't own my own home. My daughter is 20, you remind me of her alot. I would love for her to be like you. I don't think 22 is too young at all. I'm taking notes getting my credit score up is the first thing on my list. I hope to become a homeowner by the end of the year. New Subbie here btw! I wish you nothing but the best. Go get your blessings babygirl.
Congratulations Lexis!
You got it !! ❤️❤️❤️ thanks so much! Welcome 🥰
question: tips on budgeting for decorating? it’s not a major major step but it definitely makes a difference of a house to a home
Nyjerah Anyé ooo I love that! I may do a designated video on that honestly !
Lexis Shantell yess girl can’t wait!
This question is so funny because last night I literally planned my entire dream home to the T. I love Pinterest... My dream HOME (cant stress the home word enough) would include 2 floors definitely. Beautiful lawn with the house hidden behind trees. Second floor balcony either from the foyer or the master bedroom. 4-5 bedrooms with just as many bathrooms (I want 4 children lol, 24 with 0 so far). Huge backyard with a pool and a fire pit for my children's friends and family to come around. Also, in the greatest school district and either gated community or gated home with a long driveway. OH, CANT FORGET MY WINE CELLAR.
MaShala Kiana wooo love that 😍
Same sis I made me a whole vision board for my search!
Girl my dream home--i need an open floor plan. Open big kitchen with a lot of cabinets. Lots of Windows!!! I need natural lighting. Floor to ceiling windows preferably. A sunroom or screened porch for the functions. Wine cellar or wine room
TheWineDiaries go girl! Yas tor the wine cellar / room! 😂❤️
Lexis Shantell but you knew this💁🏾♀️
Thanks so much for the video, homeownership is so important, definitely a goal of mine ! Great tips!
Christal Pinchback thanks for watching and commenting 🥰🥰
Great Tips!!! So proud of your journey, stay blessed!!!🤗🤗🤗❤❤❤🙏🏾🙏🏾🙏🏾
CHANTAL DaSoul-Asylum thanks so much 🥰
This was very helpful! Loved how you kept it interesting and showed your personality! Keep the videos coming!
KennyJTV thanks so much 😊
Thank you for all the tips 👑
Love this video!!! Thank you so much for the tips girl!!
Amber Ambie no problem thanks for watching 🥰
Great video! Very informative, plus I had to subscribe since I saw you were my Soror 💙
You are very intelligent and super informative! You've inspired me to continue to seek home ownership!!! And you're gorgeous!!!!!!!!!!!!!!! You're townhouse is very close to what I want. love your mudroom, office area especially......
Robinson Xavier thanks so much ! 🥰
Tysm. You cute and been giving so many great tips of buying house. Appreciate you yo. I bought a crib last month.
Tonmoy Tonu thank youuu and congrats !!!
Thank you for the realistic advice. And wow, the #2 was something that I would ignore easily. Thanks for reminding!
Check out my most recent video talking about the financial specifics of buying my house! Link in the description box ❤️
This video was so helpful! I'm 22 and I want to buy a house by the end of the year so I can invest in myself rather than paying rent and investing in someone else's pockets. I do not know much of anything on the entire process though (I wish they taught this in school!) so you gave soo much advice and so many great gems to me, I'm writing all of this down like I'm in class lol. Fingers crossed
I love your energy! & this video was super helpful since buying a house has been on my mind heavily. ❤️
Nyjerah Anyé Aw thank you so much 🥰🥰
omg her energy is contagious. love it
I'm hoping to get a house in the country within the next year or so. Thanks for sharing your experience! It was really helpful! What a blessing to have learned all of this at such a young age.
Thanks so much ❤️
Extremely helpful! Thankyou!
Congrats on the new home!
Thank you !
Thanks for your tips, love! And congrats on getting your home soo young. You must be so proud =)
Very helpful love!
thank you for this helpful information.
This was a super super helpful video!
thanks for all the great tips :) im 19 and im ready to start looking !
Thanks for the information.
Great video Alexis! So fierce and nonconforming 😝 keep killing it!
EastleyJackets 😂😂 thanks you Wesley!❤️
This is soo ON TIME. I’m also 22. I’m also a RUclipsr, and I’m also under contract for a townhome I fell in love with. EVERYTHING you said I can attest to be true and accurate! Very good points. These are things I discovered through this journey. I close on July 1, 2020. Hope it all goes smoothly. But I’m glad I came across you. Excellent stuff.
#NewSubscriber
Yasss love that! So happy for you , congrats!
I really like your last point you made that it’s your choice and not to let anyone doubt you 💕
💙💙💙💙
U r an inspiration to young ppl ur age. 🥰🥰💜💜 Keep striving to b the best u u can b!
Ashley Claytor Aw thank you so much 🥰
Im manifesting my beautiful home similar to my parents. Gorgeous wood floors and high ceilings!!
So helpful☺️
I love the last tip the most. This video was very helpful. Thanks so much💙
Briefly, My dream home is a 2 story 3 bedroom with those exotic bathrooms in the master bedroom😍 An amazing walk in shower with glass doors 😌
Renovating a home brings in value and therefore when you go to sell if you do it right you can make a profit I can’t wait to renovate my home ☺️🖤
Right exactly ! But was just pointing out that you won’t get that money back immediately and to keep that in mind ! :)
Great tips. My dream house has 4 bedrooms, 2.5 bathrooms, office area and very nice kitchen. Also, large bathrooms. Thank you for sharing this information! It is very helpful.
BeautyisHerName BRPQ woot woot 🥰
BeautyisHerName BRPQ with a big square ft 🥵
My dream home would be a home in the city so like a row house with not really a designated yard because I don’t want lawn maintenance fees. I want a place to park, I want two bedrooms and a kitchen and big living room and area/ nook to eat in. I want to use extra space to build a book nook. I will decorate it with eclectic furniture I can find thrifted or on consignment. I’d prefer two bathrooms.
My dream home would actually be a newer townhouse very similar to yours! 😍 I also live in North Carolina. Hoping to achieve this dream in the next year or so!
You can do it! :)
awww awesome. cant for my house. one step at a time
Amazing video! I closed on my home September!! Great tips girl! ❤️ I agree
Congrats !!!
@@LexisShantell thank you love❤️
loved this upload!
Please drop a steps to buying A home! 💞
KenDoll B noted! Thanks for watching 🥰
Yaaay second to comment!!
My dream home is a single family home with 4/5 bedrooms and a ton of extra space; a large yard and basement! I’m obsessed with basement lol 😂 I think of it as a cool hide out or private movie room. Yes and some lawns to wake up to 😂😂 I love the view of nature from my bedroom. I know I’ll get that someday soon. Go Alexis !!! More home videos .. I think that’s great content👍🏽👍🏽
Eat to Live 🥰🥰
Eat to Live love your dream home outline 😍
Lexis Shantell I’m viewing houses now and it’s hard to find sth I like.. its like I like this here and that there but still staying positive to find sth 😊😊
Eat to Live that’s understandable because it’s such a big step in life you def want to make sure to choose the one that’s right for you :)
I love nature outside the bedroom too. So peaceful.
My dream home is a modern farmhouse on 30 acres!
I never laughed so hard in my life! Great video and awesome tips love ❤️
Great video
Building up equity!!!
My dream home is 3 Bedroom about 1300 square ft ❤️😊
I clicked so fast😂😂❤️
Kayla Elle LOYAL! 😂❤️
lol ditto
My home end goal is a multi-million dollar, couple hundred acre horse ranch. Which is why I’m looking to buy a house now, at 22, that could potentially be an investment property
that "no" lolll
My dream home would be a 3/3 with a decent size master backyard and 1-2 car garage. Definitely a new construction because I don’t want to do major renovations.
Yassss!
Bedroom upstairs with walk In bathroom
I’m here because I’m lookin to buy my own home in may I need advice and steps
awesome! well, welcome ❤️
My dream home consists of 3 bedrooms, 2 baths, preferably two floors but that's not a deal breaker. I would like it to have a garage and an island in the kitchen. I hope to be able to buy my house in either North Carolina, or Texas in 2026 so I have some time to get my finances together for the purchase. How many years do they want you to have of stable work history to get a mortgage?
❤️❤️❤️
You are the epitome of wifey material. Congrats on your new home and being so smart and mature at such a young age.
Lol thank you !!
How did you save for deposit given that you weren’t really planning to buy a home ?
Im a super strong saver! Even if I’m not savi for something in particular I’m ALWAYS contributing to my savings! Just posted a video talking about the financials of my process feel free to check it out 🥰
I'm 18 and I wanna move by the time I'm 23,I want a moderate size home,with lots of yard space that has lots of sunlight, I wanna open a dog training business also
Can you add a bathroom or another room to a condo /townhouse
I don’t believe so? I never thought about it !
Yes you can, I purchased a townhouse and had the option for a forth bedroom or loft. Some have several configurations just like buying a single family home.
Hey just curious about your credit history that’s the thing I’m most worried about I’m currently 21 and my goal is to have to a house by 22 . I have a good credit score and all payed off but what I’m worried about is how long is your credit history requirements
How "long" is your credit history is, builds right into your credit score, so you don't have to worry like it's 2 different things. If your credit score is "good" with your short history, GOOD FOR YOU!
Also, they take the middle of the 3 bureaus.
The formula is, your score will go up the older your accounts get. But accounts are seen as especially "caution sign" when they are less than 12 months old, according to one of those credit monitoring sites that explains the +/- impacting my score.
I got a 670 and had multiple pre-approvals. FHA just wants 620 or above. But lenders give better rates the higher you rise, such as aiming for 720.
So in the end, it turned out my dilemma wasn't whether my credit score was high enough to get approved, but whether I could afford the monthly payments considering how much was left to pay off with a low down payment.
If you don't have about 4% for closing costs on top of 20% down, you get hit with PMI Private Mortgage Insurance that adds 0.45% - 0.85% (think of it as interest on top of the interest rate). For conventional loans, that goes away once you put in 20% of the value (such as 20% down payment, or 20% equity from your principal payments). But for FHA, it stays for the life of the loan.
Good luck.
Celeste Behret thank you for this information definitely learned a lot from it !
Any advice on estimating how much utilities could cost? Like on average how much is a water bill, a gas bill, etc?
Nikki Brielle good question! Since I previously lived by myself in an apartment and had an idea of what my usage typically looked like there , I just tried to double it (idk why but I just did lol , I guess I assumed that with more space I would be using more of those utilities lol). So that’s what I prepped for, as well as getting cheaper internet than I previously had. So when I moved in and actually saw what my usage was like for my first month, my water was wayyyy higher than I expected as I went crazy with the dishwasher and washer machine , and my gas was super low because I didn’t turn the heat or air on because it felt fine in the house. So overall it kind of countered the overspend in water. I’d say what I prepared and budgeted for by doubling has been more in line as months went by!
Lexis Shantell wow, thanks so much!
Nikki Brielle u can call the company and give them the address and they will give u the previous owners usage just to give u an estimate of how much u might use.
Ashley Claytor oh wow that’s a great note! Since mine was a new build that wasn’t something I thought to do but great tip!
Ashley Claytor girl! Preciate you! lol
How much is it for a Mortgage lender?? And is that the same as a realtor
A realtor shows you the homes on the market. They have an exclusive list of homes that are on the market. They will either advocate to help you buy or sell a home.
A Lender is your financial backing. They will front you the money plus needed to purchase a home. What you can afford or are willing to spend will be basically the same with any lender. But the interest rate and fees is what sets each lender apart.
Usually you have a lender first to have an idea how much you can afford.
Then the realtor will try to help you find that perfect home in your price range that was established by your lender.
🥰🥰🥰
Nae Miller ❤️❤️
Can someone please answer this question? Please. I'm purchasing a house within the 150-175k price range. How much money total should i have in the bank before even looking for a home? I have no debt but only have 30k total in the bank. I'm looking to do the fha route and 6k down payment. I'm guessing 10-12k total leaving me with roughly 20k left over. Is this enough?
Josh H as I always say , I am not a financial advisor , real estate agents, mortgage lender or anythinggggg, but based on what you’ve listed I would def think that is enough! You may even want to put more down on the down payment if you can to help bring your mortgage payments down? But I personally would say yes that is enough cash to close
How long did the buying process take?
Destiny Leonard 30 days to close !
I really appreciate this video, living in New York it seems nearly impossible to purchase a home everythings sooo expensive.. where are you from ? if you dont mind answering
Don’t buy based on how they decorated it for showing because it’s not gonna look like that and they may be covering up how small the house is etc
New subscriber, what was your major?
Business admin with a concentration in marketing !
Girl if you mind me asking, what state do you live in?
Annalee Garcia North Carolina !
Do you feel it was harder to get the loan bc it’s being a townhouse? I’ve heard it’s harder to get one?
Nope! But I have heard that condos can be a bit more difficult and sometimes certain townhouses are actually classified as condos so they made sure that mine was a townhome !
@@LexisShantell ohhhh that makes sense! Thanks so much for that info!
How much was your down payment ?
Just posted a video talking more about the specifics of the financial process! Check it out ❤️
My dream home is a multi MILLION DOLLAR home financed from a sugar daddy... just kidding guys 🤣