Whether you’re a first-time homebuyer or looking for an upgrade, there are several important factors to consider before signing. Here’s a list of things to check off your list to ensure that your dream home ensures your expectations.
1. Location, Location, Location: The location of your potential home can be as important as the house itself. Consider the following factors:
- Proximity to Work and Schools: How far is the home from your workplace, public transport, and schools (if you have children or plan to in the future)?
- Neighborhood Safety: Research crime rates in the area and consider visiting the neighborhood at different times of the day to get a feel for the environment.
- Future Development Plans: Check the local zoning laws to see if there are any upcoming developments that could affect the area’s value or livability (like new highways or commercial centers).
- Amenities: Does the neighborhood offer the amenities you want, such as parks, restaurants, and grocery stores?
Read our neighborhood guide to learn more, click here.
2. The Structural Condition: It’s essential to check the structural condition of the house to avoid costly repairs in the future. Look for:
- Foundation Issues: Cracks in the walls, uneven floors, or doors/windows that don’t close properly may indicate foundation problems.
- Roof and Gutters: Inspect the roof’s age and condition — replacing a roof can be expensive.
- Plumbing and Electrical Systems: Check the plumbing for leaks, low water pressure, or outdated pipes. Ensure the electrical system can handle your needs and meets current safety codes.
- Windows and Insulation: Are the windows energy-efficient, and is the house properly insulated? Poor insulation can lead to higher energy bills.
3. The Home Inspection
Before finalizing your purchase, hire a certified home inspector to conduct a thorough inspection. A professional can identify hidden problems that may not be apparent to the untrained eye. They will examine the property’s structure, systems, and overall condition to ensure that everything is in working order.
5. The Neighborhood’s Long-Term Value
Working with your agent, you should consider the long-term potential of the area. Agents have access to data which can provide data on recent trends in home prices and how the local market has performed over the last few years. Are home prices expected to increase, or is the market stagnating?
For more information on the role of a Buyer’s Agent, click here.
6. Resale Potential
Even if you plan to stay in your new home for the foreseeable future, it’s wise to think about resale value with your agent. If circumstances change, you want to ensure that you can sell the home. Factors that impact resale value include:
- Curb Appeal: A home that looks appealing from the outside is more likely to attract buyers.
- Size and Layout: Homes with open floor plans and adequate space for family living are generally in higher demand.
- Upgrades: Consider any potential renovations that could increase the home’s value, such as kitchen or bathroom updates.
7. Lifestyle Fit
Lastly, make sure that the home suits your lifestyle. Think about:
- Space and Layout: Does the home offer enough space for your family’s needs now and in the future? Pay attention to the number of bedrooms and bathrooms, as well as the flow of the rooms.
- Outdoor Space: Is there a yard or outdoor area that meets your needs for entertaining, gardening, or relaxing?
- Noise Levels: Are the noise levels tolerable for your daily life? Check for nearby roads, trains, or other sources of noise that could disturb your peace.
Header image 18975 Collins Ave, Sunny Isles Beach, FL 33160 | Preview this residence here.
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