Buying a home is a big legal and financial commitment.
Now that we have got the attention of all the home buyers out there, let’s move on to the next question: What should one look for while buying a house? What adds the adjective ‘dream’ in home and in home buying experience? The exact answer varies in every case and for some, buying a house can be a more overwhelming process than for others. Here are a few pointers that will help:
Your home: Day and Night
The windows that let in so much light during the day may attract sly peeping toms at night. Your windows might open up to a peaceful view in the day time, but the seemingly quiet residential street may be just a hub for rush hour traffic at night. The park in the neighborhood might look unsafe/deserted at night. The shady tree right outside might be a brutal punishment during autumn. So check, check, check.
Talk to neighbors
More often than not, a helpful neighborhood is the key. You don’t want to be in a community where no one cares or knows about each other. Knock at doors and ask questions, how much ever silly they sound. Afterall you don’t want your kid to have no one to play with. Neither would you want to make STD calls to your best friend every time you have a gossip or some issues, right?
The sellers are the boss!
Get into the history of the house. What issues did the previous owners experience? Were the issues fixed? If you need something fixed, will you get help easily? After clearing your minutest doubts, get a home inspection done. Fix all the anomalies before you move in. Knowing what needs fixing can help you negotiate a lower price. If nothing, you’ll at least be prepared for costs you’re soon to incur.
‘Once the view, always the view’ is a fad.
Make sure you inspect your neighborhood area and buildings and you know what you are signing for. There could be tear downs that might restrict your awesome ‘priced’ view that made you sign the dotted line and purchase the house in the first place. You want to be prepared for any mammoth structure that could crop up close to your house and affect your light or the way your house looks or your view.
Taxes/ Land prices
In some areas, houses are re-appraised. What could feel like a great deal and a good investment may not remain quite so grand if the property taxes are re-appraised year after year.
Once you are done with the external factors, do a detailed internal introspection. Check the drains, the windows and the faucets. It’s your dream home after all. Don’t hurry up with your decisions or else it might turn into a nightmare.