Are you in the market for a new home? Follow these 4 tips to find the right house for your family:
Look at the Local ‘Burbs
Whether you are buying in a suburban or urban area knowing the local area well helps you to make the right decision. This is more about your budget than anything else. Urban or popular suburban areas may cost you an arm and a leg but more off the beaten path spots may fit into your budget perfectly. If you’re willing to commute a few more minutes each day you can max out your savings in a major league way.
Note, sometimes finding good information about the ‘burbs can be a challenge. Hit the pavement to round out your due diligence campaign. Spend time speaking to locals. Get the local scuttlebutt on roads, neighbors and how life is in these areas. If you do your homework you can get an absolute steal. Don’t break the bank to find your dream home. Find an attractive neighborhood that fits your budget.
Speak to Agents
Talking to local real estate agents is the easiest way to leverage your due diligence campaign. Experienced agents are privy to neighborhood chatter and all the little tidbits that make the difference in what moves and at what price. Access decade’s worth of experience in some cases by connecting with an agent. Don’t base your search solely on internet homework. After a little bit of online research take the time to sit down with an agent. Agents know their target neighborhoods like the back of their hand. They will give you the 411 on the market. Speak to a pro. Capitalize off of their experience.
Agents also can give you a solid action plan and powerful foundation for your due diligence campaign. Let experienced professionals add order to your research campaign.
Eagle Eyes Please
Inspect potential homes with a fine toothed comb to find the right match. Digging a bit deeper may reveal potential problems with the house. Use your discerning eye to spot any issues. Cracks or holes in the wall may be indicative of structural damage. Look for signs of water leakage such as peeling paint and stains on the ceiling. Wood floor should be thoroughly inspected for splinters and raised nails. Look under rugs to see if the homeowner is hiding some problem.
Even though you want to trust the homeowner it’s better for both parties if you do a thorough, in-depth inspection of the premises. This helps both buyer and seller in the long run.
Don’t cut your due diligence campaign short inside of the home. Is the house in a flood zone? What other potential issues may arise on the property? Think through the home’s location before you decide to make the buy. Don’t invest a cent until you get intimate with the property. Look out for low lying areas beside the home’s foundation as these spots typically flood during heavy rains. Although you may dream of having a lush yard with ample trees and bushes upkeep can be expensive or time consuming if you want to do the job yourself. Unless you have a passion for landscaping or can afford to hire professional help you may want to think twice about buying a home with a large, lush yard.