Creating a home base while serving in the military can be a great way to give your family stability and have a welcoming place to return from deployment. Whether you have a young family or are single, investing in your own property can be an ideal way to prepare for the future.
It is often best to buy a property near your base or where you have friends and family. This can ensure that you won’t be without a support system if and when you need it.
Utilize Virtual Viewings
If looking for a home while deployed, using virtual viewings can be invaluable. Some realtors offer 360 walkthrough tours as standard. Ask your realtor for a video walkthrough if this is not readily available.
Get A Survey
Have a property surveyed by professionals before putting in an offer. Choose surveyors with extensive experience and multiple good reviews. Find local surveyors who know the issues to look out for in the area.
Have Trusted Loved Ones View In-Person
Ask someone you trust to view the properties in person. Request that they take as many pictures and videos as possible. Choose someone with a knowledge of good quality housing. Get their honest opinions about the property.
Choose An Experienced Realtor
Use a realtor with experience finding properties for military personnel. Let them know your requirements and be firm in your expectations. Ensure they know what to look for if you hope to buy with a VA loan. Ask military friends for recommendations.
Find Out About VA Loans
Consider applying for a VA loan, which allows veterans and active service personnel to buy a home without a down payment. Ensure you qualify for the scheme and understand the requirements. Talk to Hero Loan to learn how to apply for a VA home loan today.
Assess Your Financial Situation
Ensure you have the financial stability to buy a property. Avoid taking out more mortgage than you can afford. Pay down your debts and keep your credit utilization below 30%. Ask for help from a financial advisor to work out how much you could afford to borrow.
Prepare For The Commitment
Understand the commitment of homeownership. Have an emergency fund of at least six months’ income. Invest in home security if the property will be empty for long periods. Learn to do basic fixes around the property. Research local tradespeople for work you are unqualified to do.
Take Your Time
Don’t rush into a house purchase; if you are unsure, delay buying. View a property in person where possible. Don’t compromise on your essential requirements for a home.
Be Wary Of Scams
Some scammers target service members who are looking for properties. Take steps to protect against scams. Ensure you choose a verifiable provider for housing and loans.
Rent In The Area First
Rent in an area before buying to ensure it is the right fit. Spend six months to a year in the area and ensure it has all the amenities you need.
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