Navigating the home-buying process can feel overwhelming, especially if you're unsure what questions to ask. But here’s the secret: the more you ask, the more confident you’ll feel. By understanding what to ask and why these questions matter, you empower yourself to make informed decisions about one of the most significant investments in your life.

Here’s a guide to some key questions to ask during your home-buying journey—and why they’re essential.

1. Are There First-Time Buyer Programs or Tax Benefits Available?

Many states and local governments offer assistance programs for first-time homebuyers, including grants, low-interest loans, or down payment assistance. Additionally, homeownership often comes with tax benefits, such as deductions for mortgage interest or property taxes. Exploring these resources can make owning a home more affordable. For example, check out this page on First-Time Homebuyer Assistance in Utah, and how you can take advantage of savings in beautiful communities by Visionary Homes.

2. What Is the HERS Rating and Why Does It Matter?

The Home Energy Rating System (HERS) measures a home’s energy efficiency. A lower HERS score indicates greater efficiency, which can mean lower utility bills. Ask about the home’s HERS rating or request an energy audit if one hasn’t been conducted. Investing in an energy-efficient home can save you money and contribute to a more sustainable lifestyle. For example, Visionary Homes constructs exterior walls with 2 x 6 ft measurements rather than the standard 2 x 4 ft. The extra two feet of thickness built into the framing makes homes stronger, safer, and more energy efficient, minimizing energy costs for years to come.

3. What Are the Estimated Closing Costs?

When looking at the price tag, it is important to remember that this number generally doesn’t include closing costs. Closing costs vary from builder to builder. Visionary Homes keeps closing costs to a minimum. During this holiday season, Visionary Homes is also offering a ‘Trim the Tree’ promotion, offering buyers up to fifteen-thousand dollars to cover closing costs and other expenses. Check out eligible communities and homes today!

4. What Mortgage Loan Options Are Available and Which Is Best for Me?

Mortgages aren’t one-size-fits-all. Here are some common options:

• Fixed-rate loans: Stable payments, ideal for long-term homeowners.
• Adjustable-rate loans: Lower initial rates that can change, suitable for shorter-term plans.
• FHA loans: Designed for first-time buyers with lower credit scores.
• VA loans: For eligible veterans, offering favorable terms.
• Conventional loans: May offer competitive rates, but often require higher credit scores.

Knowing your options helps you align your mortgage with your financial situation and long-term goals.

5. What’s the Difference Between APR and Interest Rate?

While the interest rate reflects the cost of borrowing, the Annual Percentage Rate (APR) provides a more comprehensive picture, including fees and other costs. Understanding the APR helps you compare loan offers more accurately and choose the most cost-effective option.

Conclusion

Buying a home is more than finding a place to live—it’s about making a sound financial decision. Asking the right questions allows you to understand the full picture, from hidden costs to long-term opportunities. By focusing on what you need to know—and learning what you don’t—you transform uncertainty into confidence.

Visionary Homes has thirty communities across the state ranging from northern Utah to St. George. We are committed to creating thoughtfully designed communities and homes that provide a place for living, a place to experience life's moments, a place to call home. With over twenty years of experience, we provide quality craftsmanship, superior construction practices, and white glove service. Learn more about our story, and how we can support you in your own story.