Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial
House Hunting Tips
Dated: January 29 2021
Avoid common house hunting mistakes by following these tips and find the perfect home:
Tip #1: Keep looking until you find your price range.
Every housing market is different. House prices range on such a huge spectrum throughout the country that one ridiculous price might stop you dead in your tracks. But don’t let one number make you think you’ll never find a home that fits your budget.
Tip #2: Pay attention to location and layout.
Hate the decorations? Disgusted by the paint colors? You can fix those later, but there’s nothing you can do about a lousy neighborhood and crummy floorplan or a 20-minute drive to the nearest grocery store. So don’t compromise on those. Look for a community and layout that fit your lifestyle and for a good deal, be open-minded about that kitchen tile.
Tip #3: Consider the size.
How much space does your family need? Remember, your budget should have the final say on how much home you buy. But to give you an idea of what people are buying, recent data shows most buyers purchased homes that were 1,850 square feet—including three bedrooms and two bathrooms.
Tip #4: Evaluate the school districts.
If you have kids, the quality of the surrounding school districts is obviously a big deal that’s already on your mind. But even if you don’t have kids, a home located near good schools could increase the value of your home when it’s time to sell.
Tip #5: Think about home value growth.
Don’t just go for a groovy porch or spacious yard. Look for a home that’ll grow in value over time. Research the history of home values and businesses in that area. Are home values rising? Is the number of businesses increasing? Those are good signs!
Tip #6: Ask questions while viewing the house.
Ask a ton of questions when you’re touring the house to make sure it’s truly your ideal home. Here are questions to ask when you view a home:
- What’s included in the sale?
- When were the appliances and other systems last updated?
- How old is the roof?
- What are the neighbors like?
Have there ever been any pest infestations?
- What’s it like to live there in winter and summer?
- What do you love most about the house?
- What problems have you experienced with the house?
Whew! That’s a lot to throw at you.
Finding the right house for you can take a few weeks or a few months. But what happens when you do set your sights on the house of your dreams? How and when do you make an offer?
And what should you do to boost your chances with the seller—especially in a competitive housing market?
Luckily you have a RE/MAX Pro to help you in your search and I am always here to answer your questions.