When it comes to buying a house, there are a lot of scary factors at play. There are so many things that people overlook and in turn hurt their future financial and mental state when they purchase a home. Even with the best realtors, there are still things that can be missed. Here is a list of a few very overlooked tips when it comes to purchasing a home.
Photo Credit: Gail Soule on flickr
Get to know the neighborhood
Something that is very overlooked when it comes to buying a house is the actual neighborhood you will be moving into. Many people find themselves distraught after purchasing “the perfect home” just to find that they do not love the neighborhood. Some things you can do to avoid this predicament is check up on the neighborhood at all hours of the day, morning, noon and night to see what is happening around the house of interest. Maybe talk to some of the neighbors and get to know them a little. Check to see where the nearby grocery stores are, and commute a few times to and from work from the house of interest to see if that is something you will want to deal with.
Inspect the house
Although this can cost upwards of $200, it could potentially end up saving you thousands. Have an inspector come to the home and check it out fully before purchasing it. Inspectors help to make sure that all is well in the home and will inform you of anything that may not be okay and how much it would cost to fix it. The home could look perfect and be a eye catching, but what goes on beyond aesthetics could be a different story. Always get the house you are interested in purchasing inspected professionally.
You don’t need the biggest house on the block
Something that a lot of new home buyers end up regretting is buying the biggest and fanciest house in the neighborhood. Why? Well your home is only going up in value about as much as the houses that surround it. So if you have the largest and most expensive house in the neighborhood, worth let’s say $500,000 and the homes around it are between $200,000 to $300,000, the appreciation of your home will be limited.
Although these may seem minor points, trust us when we tell you these tips will make a world of difference when you finally decide on your future residence.