10 Things to Consider When Buying a Home

Looking for that ideal house is never easy. For this reason, you need to consider the following factors when buying a new home.

Location

Most people would agree that location is the primary factor that should be considered when buying a new house. Make sure that the location of the house is accessible. There are nearby schools, hospitals, transportation terminals, police station, firehouse, and others.

Price

Aim for a house that you can really afford. Because of the current economic turmoil, it can be very easy to fall into financial trap. Take note that not all expensive houses are the best choice. You still have to explore the different choices you have to see which will give the best value of your money.

Condition

Ideally, it is better to buy a brand new house and when it is still in good condition. However, this can be a little bit more expensive. If you can find a used house with a lower price, you might want to choose that and save more money in the future for repair and renovation.

Financing

There is no doubt that buying a house is one of the biggest investments that you will make in your entire life. In most cases, applying for loan is a very feasible way to acquire a new property and pay for the house in a monthly basis. It is like you are renting and buying the house at the same time.

Size

Obviously, the larger the lot and floor area, the more expensive the property is. You need to consider how the house can accommodate your growing family. Having a bigger place is a good investment if you are planning to expand your home in the future.

Design

Various houses may have unique style and design. It will be great if the house you choose will fit your preference. After all, it will be the structure where you will spend majority of your time. You can also think about changing the landscape and design of your house just in case you don’t like the design.

Features

Look into the features of the house. For example, you might need a garage for your car or a swimming pool where you can spend time with your family and friends. Take a look at the window and see how the view looks like.

Future area development

The value of your home will increase when future development within the neighborhood will be done. Take a look at the future development plan of the house’s area. It is a favorable situation if you buy the house now with a lower price and watch the value of your house increase as the surrounding areas of your home is developed.

Neighbors

Noisy and nuisance neighbors are red flags. It will be difficult to live within a neighborhood with high crime rate. Take a quick look on the status of the neighborhood and identify things that might become a problem in the future.

Past history of the house

You need to investigate the history of the house. Look into the records and see whether there are unsettled dispute or not.

Conclusion

These are just some of the factors that you need to take into consideration. When you successfully look into these factors, I am sure you will have better chances of getting the right house for you!

About our guest author:

Tania Miner is a freelance writer with over 3 years experience in writing, editing and researching in the field of construction. She graduated Construction Management last 2009 and started her career as feature writer at company magazine before becoming a freelance writer for numerous magazines and websites including National Construction Magazine, Excel Bridge Manufacturing Co., EDC Magazine, and Federal Construction.