Category: Finance, Real Estate.
Many people may consider this common sense but I deal with a lot of buyers who do not consider one or more of these factors when purchasing a home.
The first thing you should always consider is the value. If you consider these 4 items you will have a better experience when purchasing a home. There are many ways to determine the value of a house but the most common is an appraisal. Many people do not realize that in a buyers market like we are currently in you should rarely pay more then the appraised value for a property. If the value of the home comes in lower then purchase price you may have some room to negotiate the price down in your favor. The Second thing you should consider when purchasing a property is safety.
Many times you can find problem areas with little to no effort. You should always look into the neighborhood you are purchasing in. No one wants to live in a crime ridden area. The Third thing you should consider is the properties condition. Often you can go to the police station and they will give you tons of great information about problems areas in town. ALWAYS order a home inspection, 200 dollars now can save you thousands of dollars later. Often time builders miss things that the home inspector catches.
I even have my clients order a home inspection when they purchase new construction. The Fourth thing you should consider is parking. If you have more cars then will fit in the drive way you may be in trouble. Many areas have CC& R s that will not allow you to park cars on the street over night. Always consider weather or not the home has enough parking for you and your family.
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