Buying a home is one of the most expensive purchases many people will make during their lifetime. Whether you are looking for a starter home, a larger home or a home for your retirement, knowing what to look for ahead of your search will allow you to make an educated decision.
Why Using a Realtor Is Important
You may opt to conduct a search for a home on your own. However, there are many advantages to using a realtor. First, a Realtor knows the area. They know the best neighborhoods for raising children, the location of parks, shopping, and schools as well as their ratings. Additionally, they can advise as to whether the pricing is in line, and if not, they can propose a counteroffer. Finding the right Realtor is easier than you may imagine. For instance, if you’re looking to buy a home in Sherman Oaks, California, you can look online and find a Studio City Realtor to meet your needs.
Look Beyond Cosmetics
There are many homes you can find at a reduced rate in a nice neighborhood simply due to the fact that they need cosmetic work. The home’s foundation and structure are intact, however, the walls and floors will require some manual labor or replacement. Don’t dismiss a home like this simply because it doesn’t look new. Think about the possibilities and imagine how it can look. In the end, it can save you many thousands on the purchase price with a short investment to bring it up to your standards.
Don’t Settle for a House Just Because You Like It
Sometimes, you fall in love with a home immediately. It has the layout and the space you desire. However, the roof and windows are older and the appliances are outdated. You must take into consideration the amount of money it will take to make these replacements and improvements. Instead, look at many homes and weigh the pros and cons of each. If, after careful consideration, you decide that this home is the one you want, then try to get the seller to give you a credit at the closing.
The Importance of a Home Inspection
On the surface, any home can look good. Unfortunately, once you take a closer look you may find damage that will require thousands to replace. This often applies to older homes that may have the unique layout you desire, but the electricity and plumbing are neglected. Having a home inspection done will give you peace of mind by identifying not only the obvious damage but also potential problems in the near future. Besides you have to remember that the house is likely staged to look the best it has in a long long time, if not ever, which means flaws could be hiding beneath that you may end up paying to fix if you don’t do your due diligence.
Location Is Important
You may find a home that works for you, however, it’s more than 10 miles from civilization and 40 minutes from the office. This means that you’ll have a long daily commute and if you run low on household supplies you’ll have to drive a distance to restock. If you have children and pets, a home without a front yard sitting near a busy street can be problematic. Parks, schools, and shopping should be items that you can access within a short drive.
Don’t Look at Homes Beyond Your Price Range
It’s nice to dream of buying a home well beyond what you can afford. However, once you start looking inside these homes, it’s hard to return to reality. For this reason, it’s always best to make appointments to see only the homes you can afford. This way you won’t become disappointed and you’ll have a better idea of the style and amenities included.
Buying a house is an exciting time. If you know what to look for and continue the search until you find the one that has the space and the location you desire, you’ll end up with a place that’s truly a home.