In our last post, we discussed tips when buying a house. We covered some common tips that all soon-to-be-homeowners should know. But like we have said before, buying a home is a big deal and you will want to go about the process carefully. If you are not careful, you could wind up owning a home you are unhappy with down the road. So before you call your Brentwood realtor to start searching for a home, consider these tips.
You might find the perfect house in the next few months and be quite happy with it for awhile. But what happens if you decide to have kids? Perhaps you will have to take care of an elderly relative. There are many scenarios in which your perfect home becomes a home that is too small or not compatible with an elderly guest. There are certainly instances when something comes up unexpectedly, like an unplanned pregnancy, but before you buy a house, take a look at what you have planned for the future.
If you know you want kids, then you might want to buy a home that has enough room to accommodate them. The same holds true if you think you will be having your mother or father living with you in the near future.
The process of buying a home is emotionally charged. Ideally, you should keep your emotions in check when evaluating a home. Make a list, a practical checklist of everything you desire or demand in a house, all of the essentials and make sure the homes you look at meet the minimum criteria.
Each home you visit, take pictures and cross items off your list. If you fall in love with a house that your checklist shows has very little of the must-haves, then cross it off your want list.
Check the HOA Contract
It is important that you check the rules of the neighborhood. Many people dislike HOAs and find their rules and regulations undesirable. If you are thinking about buying a house that is part of an HOA, read the contract before making an offer.
Check All Expenses When Budgeting
We discussed the mortgage payments and how to determine what you can afford, but that isn’t the only expense when owning a house. You will want to look into what the utilities will run, if you will need to fill your gas tank more often because your work commute increases or if you will need to make immediate upgrades when you move in. Budget all these in to see if you can still afford the house.
Learn About The Neighborhood
Do some research and look into the neighborhood where you found a compatible home. If you are buying a house in a neighborhood full of renters, all it takes is a few bad tenants or bad landlords to drive a neighborhood south. If you have children and the neighborhood where you want to buy is full of single people or a lot of retirees, would you be happy there?