Buying a house is one of the most significant milestones in life, and one of the biggest investment a person can make. A home is not just a structure. It is your respite from the everyday hustle and bustle. It is where you will build your dreams and memories with your family.
It requires a huge investment, as well as long and careful planning before you pick the home that suits all your family’s needs. After all, this is where you and your family will be living for a long time.
It is also for these reasons that buying a new house is also one of the most daunting experiences in one’s life. With the significant amount of money you need to put in, it requires careful planning and cautious choices which could be overwhelming. With so many to choose from, how can a person select something that can change your entire life completely?
That’s why planning is a key process in deciding which house to buy. It will help you set boundaries and determine where you can be flexible. This requires a lot of time and effort since there will be lots of research and visits to potential properties to avoid pitfalls in a home purchase.
Apart from the look and feel of a house, there are many factors you should consider in buying a new home.
This should be at the top of home buyers’ minds. No matter how beautiful your new house is, your investment will be a total bust if it is not accessible to places you need to be or the neighborhood is not well-suited for you. You can change the look of your house, but you cannot change its location—unless you repurchase a new home.
The location will determine the quality of your life in the years to come. Is it close to where you work? Do you fit like a puzzle in the neighborhood? Is it accessible to public transportation or is the surrounding traffic bad? Are there nearby public parks, schools, and shopping areas?
The size of your home space should fit your lifestyle now and in the future. How many will be living in that space? Do you love to entertain people? Do you need a lot of room for your things? Is there an outdoor space? Is there room for expansion? Are you going to rent a part of the house for extra income?
The property you are eyeing should be within your budget. Set your budget and decide from the choices available at that rate. Avoid looking at properties beyond your price ceiling.
In setting your budget, avoid zeroing out your bank account on the upfront cost of the house. You also need to cover other things like lawyers’ and realtors’ fees, repayments, rates, living expenses, bills, furnishings, and other improvements.
Age of Property
The age of the property may make or break your decision in a new home. Are you eyeing to buy a new house or an older one? Each property has its own pros and cons, so better be sure to have long, thorough thinking and discussion on which to buy.
An older home offers that unique charm ripened over the years. But because it is old, there are more things you need to consider before making that offer. Older homes usually require more TLC. You also won’t be able to change the design and layout instantly. Doing so would cost you more. There are also more things to check like electricity wirings and plumbing.
In buying a new house, especially one that is still being built, it is a blank slate so you can customize it to the way you want it to.
Everything else will follow (the kitchen, bedroom, bathroom, storage, finishing touches, etc.) when these four major considerations are checked off your list.
With so many things to consider, don’t make the mistake of settling or making a compromise. If one item in your wish list is not checked, better move on and find another location.
If you’re looking for homes in California, Oregon, and Nevada, we at Storz Realty offer you a number of options to choose from. We have manufactured homes in communities with huge open spaces and on-site facilities, and are near to urban offerings such as restaurants, malls, and shops to suit your lifestyle. We look forward to welcoming you to our community.