| So you want to buy a home.......
Random house hunting may be interesting, but it's no way to locate
the right home for your family. Besides wasting a lot of time and
energy, you run the risk of buying what you really don't want, or missing
the perfect home to fit your needs and desires. Your REALTOR® can help
you qualify your needs and pre-select certain homes that fit these needs.
He can take the work out of looking.
Your family's basic needs should be defined, as well as those features
that could be considered 'desires' and those nice 'extras' beyond your
basic needs, that will give your home more value while you live in it,
and when you eventually sell it.
Keep those in mind at all times. Then you can make your
final decision on the basis of which home has the most desirable features.
'Frills' and 'extras' are often so attractive that you tend to overlook
the major needs and things you'll have to live with day in and day out.
Two viewpoints. You may be looking at a home as a 'stepping
stone' investment. If so, you should realize that although a certain home
may not have every feature that you desire, you should be willing to make
some compromises based on the economics involved. Compromises are often
easy to make, and can satisfy your needs until you're ready to move on
to another home as your family structure and financial position changes.
On the other hand, if you are looking at this home as a property that you
intend to own for a long time, and you have the discretion of investing
accordingly, then you will want to make sure that it suits your present
needs and that it can be adapted to your future needs and desires.
Choosing the neighborhood. Factors such as convenience
to work, schools, shopping and public transportation will probably determine
the general area for your house hunting. Beyond general location, it's
important to know as much about the neighborhood as possible. Is there
adequate police and fire protection, and is there a fee for those services?
If the area is under planned development (as more and more communities
are today), there will be protective covenants, conditions and restrictions.
Your REALTOR® will be glad to provide copies of such covenants and
to review them with you, so that you will have a clear understanding of
what is involved in property ownership in that particular area.
In making any investment in property, one should know what the past
history of the property has been in that general region and what the projections
are for the future. This is all part of your REALTOR'S® professional
approach to the representation of homes to buyers.
Get all the facts on the neighborhood before you fall in love
with a particular house.
Outside the house. It is in your best interest to know how much property
is included, the amount of frontage and depth of the property. How much
maintenance does the exterior require? How about the landscaping? If you
like trees be sure they are there.
Condition of roof, furnace, air conditioner, appliances:
Most sellers can give you their opinion, but you may want to have an expert
inspect the house (even at your own expense). In some cases, if there are
problems, adjustments can be arranged in the purchase price to compensate
for these repairs. After all, the seller may not have had any problems
with that item.
The home's general appearance is important, and most home sellers will
do some fixing up to make their house more attractive when they are ready
to sell. This is always a good idea. REALTORS® will often recommend
that the seller make minor repairs and improvements, too. It's nice to
be able to move into a house where these little details have all been cared
for and everything is fresh and clean.
The floor plan. As you consider the floor plan of any house, picture
your family living in the house, doing the kinds of things that you normally
do and the kind of entertaining you like to do.
Besides just considering the number of rooms, consider the size as well.
Large rooms are not always an advantage; small rooms not necessarily undesirable.
In searching for the 'right' floor plan, some compromises are usually
involved, since very few people can afford all of the things that they
might like to have in a property. What must be weighed very carefully is
just what compromises you are making and how important they really are
to you.
You may find that you will have to give up some features that you previously
thought were important in order to have some other advantages of that particular
home. This is entirely a personal matter. There's no way anyone can tell
you what compromises or adjustments you should make. Here are just
a few of many important considerations that every homebuyer should know
about. If you're buying a house that's 'For Sale By Owner' and without
the services of a REALTOR®, then be sure to check all the things
a REALTOR® would check. We can furnish you with a more complete check
list and counsel with you on your specific requirements.
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