8 THINGS YOU SHOULD KNOW BEFORE BUYING A HOME
1.
Decide location versus space before
searching for a home.
One of the most difficult decisions to make when buying a house is choosing the perfect location or the adequate amount of space needed for the family. More often than not one of the criteria will not be met by one particular house. Since you will fall somewhere in between, it is likely that you will either pick the furthest comfortable distance or the smallest comfortable space. It just depends on whether space or distance is what you are looking for. The most important thing is to make a clear decision on it before the search for a home begins.
One of the most difficult decisions to make when buying a house is choosing the perfect location or the adequate amount of space needed for the family. More often than not one of the criteria will not be met by one particular house. Since you will fall somewhere in between, it is likely that you will either pick the furthest comfortable distance or the smallest comfortable space. It just depends on whether space or distance is what you are looking for. The most important thing is to make a clear decision on it before the search for a home begins.
2.
A down payment is never a bad
investment.
A down payment is an upfront payment you make to purchase a home. Too many homeowners learn once they take on those monthly payments just how much of a strain they put on their budget. A larger down payment means you can start out with a smaller loan balance, which will not be as stressful on the monthly repayment of your loan. The steps you take can sometimes help you or plague you for years to come, so it is essential to choose your down payment wisely.
A down payment is an upfront payment you make to purchase a home. Too many homeowners learn once they take on those monthly payments just how much of a strain they put on their budget. A larger down payment means you can start out with a smaller loan balance, which will not be as stressful on the monthly repayment of your loan. The steps you take can sometimes help you or plague you for years to come, so it is essential to choose your down payment wisely.
3.
Dig deeper through a house
inspection.
A home inspection is not required but recommended. Buyers are entitled to conduct all inspections required to satisfy themselves as to the condition of the home. A home inspection is an opportunity to satisfy all curiosity and lay all nagging questions to rest. It is important to go with an agent you trust to give you honest answers to your inquiries. It also gives you the opportunity to become familiar with the home. Upon taking a closer look at a property, you can then decide whether this is the right home for you.
A home inspection is not required but recommended. Buyers are entitled to conduct all inspections required to satisfy themselves as to the condition of the home. A home inspection is an opportunity to satisfy all curiosity and lay all nagging questions to rest. It is important to go with an agent you trust to give you honest answers to your inquiries. It also gives you the opportunity to become familiar with the home. Upon taking a closer look at a property, you can then decide whether this is the right home for you.
4.
Know your needs.
When evaluating your needs and wants, it is a good idea to consider value items with more weight than things that are personal preference but add little value. A great real estate agent will be able to help you determine the difference between a valuable feature and a personal touch. As you prepare to buy a home, remember that no home is perfect. You will always end up making compromises. However, with a good understanding of what is most important to you and what will add value to the home, finding the right one will be easier.
When evaluating your needs and wants, it is a good idea to consider value items with more weight than things that are personal preference but add little value. A great real estate agent will be able to help you determine the difference between a valuable feature and a personal touch. As you prepare to buy a home, remember that no home is perfect. You will always end up making compromises. However, with a good understanding of what is most important to you and what will add value to the home, finding the right one will be easier.
5.
Do not forget about taxes.
Property taxes can be extremely high in some areas, so it is important to consider those when buying a home. Not only can property taxes be high but also they can trend towards increasing often and by large amounts. Paying attention to property taxes when you buy a home will affect that amount, so make sure that you understand exactly what you will pay on your new home’s property taxes.
Property taxes can be extremely high in some areas, so it is important to consider those when buying a home. Not only can property taxes be high but also they can trend towards increasing often and by large amounts. Paying attention to property taxes when you buy a home will affect that amount, so make sure that you understand exactly what you will pay on your new home’s property taxes.
6. Do not necessarily buy for the life
you have today.
When buying a house, it is important not to buy just for where you are now. In buying you should take into consideration your plans and long term goals. Decisions like a change of job, getting married or having kids are future possibilities that should be taken into account when buying a home.
When buying a house, it is important not to buy just for where you are now. In buying you should take into consideration your plans and long term goals. Decisions like a change of job, getting married or having kids are future possibilities that should be taken into account when buying a home.
7.
Look beyond the paint.
It is important that when buying real estate not to be overwhelmed by the cosmetic beauty of the house but to look beyond the paint and light fixtures to see if there are structural damages like cracks in the interior or exterior walls, water damage concealed by paint, etc. It is also important not to fixate on cosmetic preferences that may or may not be met. Remember that it is inexpensive to fix cosmetic issues a bit of paint or some wallpaper.
It is important that when buying real estate not to be overwhelmed by the cosmetic beauty of the house but to look beyond the paint and light fixtures to see if there are structural damages like cracks in the interior or exterior walls, water damage concealed by paint, etc. It is also important not to fixate on cosmetic preferences that may or may not be met. Remember that it is inexpensive to fix cosmetic issues a bit of paint or some wallpaper.
8.
Quality over quality.
More of a bad thing is still a bad thing and when it comes to real estate, bigger is not always better. Architects today are looking to create efficient homes that do not feel cramped and make the most of every square foot. However, with quality design, a home is more likely to keep its value. In addition, you may opt to hold on to it longer because it will continue to serve your changing needs.
We at White Avenue Real Estate are invested in giving you the best houses for you. You can visit us @ White Avenue Group, 5th Floor Yobe Investment House, Plot 823 Ralph Shodehinde Street, Central Business District Abuja.Or call us on 08187845406 or 09099582911.More of a bad thing is still a bad thing and when it comes to real estate, bigger is not always better. Architects today are looking to create efficient homes that do not feel cramped and make the most of every square foot. However, with quality design, a home is more likely to keep its value. In addition, you may opt to hold on to it longer because it will continue to serve your changing needs.
Susan Niniola,
Customer Care Representative,
White Avenue Group, Abuja.
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