Important Considerations Before Buying A New Home

If you've always lived in the same area, relocating can seem like a difficult challenge. But while finding an appropriate house may seem hard, it doesn't have to be impossible. Here are some tips on how to weed out undesirable listings, leaving behind better homes for you to choose from:

Rent for at least a month first: If you've owned your own home for a while, it can be tough to go back to renting. You may be reluctant to go back to living in close proximity to noisy neighbors and having a landlord. But if you simply pick one of the local homes for sale at random, you could be stuck in a similar situation. Without living in the new city for at least a month, you may not realize which areas are more prone to problems than others. For example, if you have kids, a particular school may look wonderful when you view its information online. As a result, you may be tempted to buy one of the houses listed for sale within its boundaries. But once you move to the new area, you may find it is actually under-funded and more run down than you expected . By living in the area for at least a month or two, you can more easily discover which areas will be best for your needs.

Worst house, best neighborhood: When looking at homes for sale, you might be tempted to pass by any that are listed as being in need of repair. However, these could be great bargains. While you don't want a house that is falling apart at the seams, it can be worth your while to choose a house with cosmetic defects. The previous occupants may have maintained the house very well, but not cared whether they had an avocado green bathtub or a harvest gold counter top in the kitchen. As long as you plan on staying in the home for a while, you can gradually update and renovate the house, greatly increasing its value. On the other hand, if you buy the best and most expensive house in a neighborhood, the house's value is more likely to stay the same or even go down when compared with similar homes for sale in the neighborhood.

Check flood map: In some cities, it's inevitable and obvious that parts of it may get flooded every year or two. In other cities, this is less obvious. A city in a desert area may not have an obvious river running by it or through it, but there can still be areas that flood. Despite being in a desert, they may still get a few heavy rainstorms every year which can result in clogged storm sewers and potential flooding of your new home. Before you make any serious offers on any homes for sale, look for a flood plain map of the area. Many homeowner's insurance companies are able to provide these kinds of maps, showing you which locations may be prone to frequent flooding, flooding only once a decade, and flooding every hundred years or so. This will help you make an informed decision as to whether or not the risk of flooding for a particular house is acceptable to you or not.

For more tips, work with a real estate company like Gavigan Homes to explore your options.


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