If home buying is the next thing on your to-do list before the year ends here are some of the points that you must consider to ensure that the deal ends with a smile. With the real estate market flooding with a number of options to choose from, it’s easy to get swayed with false advertising. This guide will also help you to avoid committing such mistakes.
On the first sight, you find the place as per your requirements. The neighborhood is perfect, the home’s size is what you were looking for and the price also fits your pocket. There seems no reason, whatsoever to not believe that this is your perfect dream home that you were looking for. Or is there any? Before you seal the deal with your signature, give the place an eagle’s eye look. You might be missing on some very important points. These tips will help you along the way.
Do not let your heart rule over your mind
Once you fall in love with the property, you start thinking with the heart, in spite of fully knowing that such decisions are better left to the justice and ability of mind. Your hearts starts to think about how beautiful the life would be living in the house making it hard for you to go back. Buying a home is indeed an emotional process where you are trying to figure out whether you will be able to spend the next 20, or 30 years of life. However, since the transaction could be the largest of your life, you need to make sure that all the facts are laid in their entirety, integrity and honesty in front of you. Your mind should be able to analyze those facts and figure out the favorable conclusion for you.
Look past the decoration
Staging the house is a common phenomenon where the seller uses cosmetic methods to enhance the visual appeal of the property in order to sell it for a higher price. These changes might include a fresh coat of paint, furnishing or repaired air conditioning. You need to look past these modifications to find out if there is any bigger underlying problem that the seller is trying to conceal beneath. Instead of getting bewitched by decoration give attention to home layout and whether it suits your future requirements as well. Find out the builder who built that home. You certainly wouldn’t like to spend the rest of your life in a home built by those with a tarnished reputation.
Make sure the inventory works
Remember, there are no free lunches in the business of buying and selling. If the seller is providing you with features like air conditioning, modular kitchen, automatic chimney, geyser, and other similar expensive stuff, he must be charging a good sum for it adjusted in the final asking price. Therefore, it is your duty towards yourself to check whether all this stuff is in good working condition and is covered by an annual warranty. Failing to do so might result in you spending a significant amount of money on repairing all these features.
Is there any room for expansion?
The house you are going to buy might be apt for your current requirements, but spare a thought about the future. You might be single or a family of two currently, but in the future your home would witness the addition of new family members and at that time the current space wouldn’t suffice your requirements. Expansion of the home would be an imminent possibility at that time. Your final decision should take into account this consideration. If you are looking to buying an apartment or flat then rule out the possibility of expansion completely.