You might be a couple looking to settle down, or you could just be looking for a new project to invest in. Whatever your purpose, you’re going to want to make sure you know what you’re getting yourself into when you’re buying a new house. How much do you know about real estate? Are you planning on hiring an agent, or will you be looking around yourself? In either case, you should be wary of a few things first.
A lot of private sellers and real estate agents will have open houses, special days on which you can visit the house of interest and look around. Often these house tours will be guided, and either the home owner or estate agent will highlight the key features and selling points of the property. This will give you a better idea of what you’ll get and if it’s worth your investment. Use this as an opportunity to ask questions and make clarification about anything that strikes you, as there may be things left unsaid. Go in with a sharp eye and listen to your gut. If the house just doesn’t feel right, it’s probably not what you’re looking for.
You don’t have to hire a real estate agent, although doing so may help you find what you’re looking for. At the very least you should consult a property or estate agency for Property Investment Advice, as they will be able to tell you what the housing market is like and point you in the right direction. You might find yourself continuing to work with them, and that will probably be beneficial as they can let you know about important documentation, procedures, and housing loans.
An important resource that prospective buyers miss is the neighbours. Whenever you visit a property or house, you should explore the neightbourhood and speak to as many of the immediate neighbours. After all, you should know who you’ll be living next to if you choose to live there. Talking to the neighbours will give you an idea of whether you’ll fit in with the community, and you can find out what the general environment is like. Find out about nearby schools and medical care as well. You might be buying a nice quiet suburban property, but the area may have a lot of petty crime. A real estate agent is not going to be quick to tell you the negative sides, but the neighbours will be a good source of advice and information.
Compare and Contrast
Make sure you visit a few houses or properties and make note of all the pros and cons. If you can consult an independent professional to help you compare the different sites you visit, you’ll be able to better avoid getting cheated or conned out of more money than you should be paying. When you’re looking at these houses, keep in mind what you plan on doing with it, and let that be the deciding factor. If you’re planning on remodeling anyway, for example, it’s ok to go for the slightly run down house. If you want to start a family, you should probably go for the suburban house with the well known kindergarten.
These few tips be the difference between a dissatisfied customer and a lifetime of happiness.Read More →