Sunday, August 23, 2015

25 Things to Consider When Buying a Home

Buying a home can be stressful, so it is important to have an idea of what you are aiming to purchase before you head into the transaction. Here we will take a look at 25 things that you need to consider when you are buying a home.

25. Your Budget

Know how much you can spend on every aspect of the deal.

24. Location

Where do you want to live and what benefits does a particular location provide?

23. The Loan

Are you able to secure the money you need to make the purchase viable?

22. The Estate Agent

Who are you going to work with in an effort to find the home of your dreams?

21. Your Credit

Will your credit history damage any potential purchases? Know where you stand beforehand.

20. Re-sale

Think about any home you're interested in with the long term in mind. Will it have re-sale value a decade later?

19. Know What You Want

Make a list of the things you want from your ideal home so you can match it as much as possible.

18. Consider All Expenses

Tax, insurance and plenty of other expenses have to be considered before you make your offer.

17. The Contracts

Never, ever sign anything before you have had a chance to take it away and examine it properly. This is a fast way to putting yourself in a bad position.

16. Research Funding

Do you qualify for governmental aid? If you don't know then take a little bit of time to put the research in and find out.

15. Staging

Remember that any house you view is carefully staged, so look beyond that and imagine yourself in the home.

14. Have an Emergency Fund

Unexpected problems can cause serious issues with your budget, so make sure you have an emergency fund stashed away.

13. Do You Have to Own?

Never completely disregard renting as an option, so at least give it some consideration before buying.

12. The Smells

Odours can be indicators that something is wrong with a home, so take a little time to sniff around when you are viewing to detect mould or other unpleasantness.

11. Use Your Head

The heart can be a powerful thing, so try to remove emotion from the buying process as much as possible to make logical decisions.

10. Negotiations

Be careful about what you make as a first offer and always be polite with the seller.

9. Patience

You need to take your time and not rush into a purchase if you want a truly great home.

8. Crime Reports

You should be able to find crime statistics for any area you want to move into, so make sure to check them carefully.

7. Schools

If you have children you should know what schools are available for them.

6. Commuting

Are you going to find it easy to get to work from your new home? Make sure you know beforehand.

5. Home Inspection

Never buy any property where you haven't had an independent home inspection carried out.

4. Utilities

Understand who you will be paying for your utilities and how much they are likely to cost each year.

3. The Market

How does the property market look at the moment? If it is favourable to sellers then it may be a good idea to wait.

2. Down Payment

There is no point heading into the home buying process without having the down payment, so know how much you need.

1. Room Size

Does the house offer you enough space for what you need? If not then consider looking elsewhere.

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