Home buying is straight up stressful. The process can be long, emotional, exhausting, and expensive. The proper way to look for homes is to be efficient in your searches and set parameters for what houses you’re actually interested in. Too often people forget about these 6 things that set up for failure in their home search. These mistakes can be costly, which is why there’s an infographic to help remind you of these 6 things to look out for. Here’s a more explained version of each point.
There is no point in looking at houses outside your budget. You’ll expend time and energy that could be devoted to homing in on something you like and can actually afford. Even if you like a house and push on trying to make it work, you’re setting yourself up for financial stress. Set a budget and look for homes within a range.
Watch your emotions and stop yourself from getting attached to homes before truly knowing if it’s safe and secure. Too often many will glaze over a concrete foundation that’s eroding, or basement dry wall that’s unsecure. In these instances, you can hire a construction firm or do it yourself depending on your time. Concrete forms may be needed depending on the property you buy.
Competitive Market Analysis
A CMA is important when looking at homes to buy, and it may be a deciding factor in the decision to purchase or not purchase a home. Some will view their home as an investment and will look for resale value. A CMA can help you identify if a house is in the low, middle, or high price average based on nearby homes. You don’t want to be purchasing a home at the peak as value may not grow over time compared to buying a home towards the bottom of neighboring homes.
The last thing people want to worry about is plumbing. But, this part of a home needs to be evaluated to in your decision making! If a home has a septic system, you’ll need to understand how to maintain a septic tank. You’ll need to know where it’s located on your land. You’ll also need to ask the seller when last they had it pumped. There are plenty of companies that offer septic tank services, but you need to be aware of the costs when evaluating homes.
Unless you have extra cash for repairs, look out for homes with old appliances and aged roofs. Items like the HVAC and water heater can cost quite a bit of money. Roof repairs are something you won’t want to deal with after buying a new home, so evaluate its condition.
Don’t Settle For Less
There is no reason why you shouldn’t get what you want in a home, relative to your budget. Never sacrifice the yard, location, or other value of a home. There will also be another house and opportunity! And if budget is the primary concern, create a plan to save up money! There are many affordable search engines that help you find condos to rent while you save up money.
Refer back to this infographic while house hunting so you don’t forget these 6 important things!
6 things to evaluate at every home by Florida Realty Marketplace
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