Are you buying a new home? Are you unsure what you should be looking for? Here’s what to look for in a new home when you’re on the market.
33% of homebuyers are new homebuyers each year. If you are new to home buying, it might be confusing as to what to look for in a new home.
You might have some ideas about things you want and don’t want, but it helps to have some expert input. If you don’t check for important things before you buy the house, you could find yourself in some rough situations.
We are here to help you today, so continue reading this article as we go through things to look out for when buying a house.
Location, Location, Location
One of the things you can’t do anything about once you make a purchase is to change the location. You need to map everything out and make sure the location is going to fit all of your needs.
You can fix or live with just about any quirk you find with a home, but you can’t move the house. Even if you try to fix up the yard and make things look nice, if your neighbors are questionable, or you’re too far from your kid’s school—it will be frustrating.
It can be helpful to hop on Google and type in the home address and map it to each of your most frequented places. When you do this, you can get an idea of if the location is going to work for you or not.
Another thing to think about when it comes to the home’s location is the lot. Do you have a level yard, or are you dealing with a steep hill?
When you pull up to the home, does it make you think of a place that you live? Or do you feel like you’re visiting someone else and can’t see yourself owning the home?
When you’re assessing the look of the home, figure out how well the roof is doing. If your roof is about ready to replace, this could be a major problem. If you don’t have money for the roof repair, you might need to take out a loan. Of course, you could always negotiate and say you’ll buy if they fix the roof first.
Look at the path to the house and see if it is safe as well as attractive. If it is a little overgrown, that’s one thing, but if you see a lot of broken concrete, that could be a problem.
Even if you look at the home’s exterior and think you’re going to fall in love, you might have a big surprise waiting inside. There’s nothing worse than expecting a super nice layout and getting some weird mishmash of a twisted design mind.
When you look at the home, think about how you’re going to use it. Is it too big and you’re going to have to buy a lot of furniture to fill rooms you don’t really need? Is it too small, and you’re going to feel like the walls are closing in on you?
Give yourself some time to map out how it will work for your family. Compare it to other homes you see and make a decision on which will be the best option.
Closets and Storage
Do you have a lot of things and need a place to put them? If that’s the case, you might want to look for a home that has an attic or large closets. On the other hand, if you’re a minimalist, you might want to find a home that doesn’t have too many closets and storage places taking up all of your room.
Keep in mind that you can get a storage building if you need extra space as long as the lot has room for one, and it’s up to the standards of any homeowner’s association.
Finding a home that has quality flooring will make things so much easier for you. If you have to replace the flooring soon after you move in, it’s going to cost a pretty penny. Not only that, having your floors redone can be very disruptive to your day.
Tile, hardwood, and laminate are some of the most popular types of flooring you’ll see in updated homes.
High Enough Value for a Mortgage
Unless you have money to pay for your home in cash, you’ll need to make sure the house can appraise for what the seller is asking. If there is a problem with the appraiser and the house isn’t worth what the seller is asking for it, you have to hope they’ll come down on the price.
Unless there is something wrong with the home that you can’t see, you can get an idea of what the home is worth by looking at comparable homes that sold recently. There are a lot of different factors that go into this, so keep in mind that the appraiser is the only person that can actually say what it’s worth to the lender.
You can learn more here about getting a mortgage for your new home.
What to Look for In a New Home – Now You Know
Understanding what to look for in a new home will allow you to keep from feeling frustrated and worried about your buy. The above tips can help guide you as you’re looking for your new home.
Now it’s on to the fun stuff of buying your home.
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