Buying a home is a huge decision. To help you out, here are five things to keep in mind when purchasing a home.
1. What’s the condition?
Repairs can be expensive when buying a home. Decide how much you want to commit to a home that could use some fixing up. Painting a room or replacing carpet isn’t that big of a deal, but remodeling an entire kitchen can be a serious project to take on.
2. What’s the upkeep?
Perks such as large lots, beautifully landscaped gardens, pools, fish ponds and horse barns can all seem amazing when you’re looking to buy, but do you have the time and money to maintain them? If you know you won’t be able to take care of features likes these on your own, are you willing to pay someone else to do it? Make sure you carefully think about the upkeep involved with a home before you sign on the dotted line.
3. What’s the location like?
Is the neighborhood desirable? It’s a no brainer that purchasing a home in a great neighborhood has lots of benefits. If you’re planning on selling your home someday, desirable locations can also boost your home’s property value.
4. What are the restrictions?
If you purchase a home in an area that is managed by a homeowner’s association, make sure you are familiar with their rules and restrictions before you buy the home. Some HOA’s have strict guidelines when it comes to the appearance of your home and yard, and it’s important to find these things out before you move in.
5. What are the challenges that might come up in the future?
Are you planning on staying in the home for a while? If so, will […]