Hello friends, a few weeks ago I wrote a post on Buying a home-The first steps and in that post we covered a lot of what to do in the early stages of buying your first home things like Deciding to buy, What questions to ask yourself first, who to call first, who to call next, what role will your real estate agent play and finally we went shopping and we discovered just what style home we liked. With all that being said isn’t it only fitting we ask ourselves a few questions before we make the next very important step?
9 questions you should ask yourself before making an offer on a home:
Questions to ask yourself
1. What do I want my home to be close to?
2. How much space do I need and why?
3. Which is more critical: location or size?
4. Would I be interested in a fixer-upper?
5. How important is home value appreciation?
6. Is neighborhood stability a priority?
7. Would I be interested in a condo?
8. Would I be interested in new home construction?
9. What features and amenities do I want? Which do I really need?
Friends these are all interesting question that need considering let’s break a few down!
What do I want my home to be close to?
Schools, highways, malls, parks, shopping, restaurants or maybe close to where you work. Do you have kids who is about to start school or teen kids who needs to go to the local high school or do you need to be near a bus or train route? All are good questions to ask yourself.
How much space do I need and why?
Do you need a lot of space or not so much? Sometimes we find that our wants doesn’t meet our needs or sometimes we have to choose between the two however we can sometimes jive them both but that may require more dollars out of your pocket. This is when what is priority comes into play.
Which is more critical: location or size?
Now here is a doozey: which is more critical? Do you want the big house no matter what it causes you as long as it’s big and roomy or do the 3 critical in real estate means more to you: Location, location, location? This is a question you may want to consider strongly!
Would I be interested in a fixer-upper?
Now I really love this question because I love me a fixer-upper but it’s just not for everyone: This is a good question because sometimes you can really find a bargain or should I say a diamond in the rough if you’re open to it. Really this is something you should consider if your finances don’t allow you to purchase a house with all the trimmings. Now what does that mean? It simply means you can buy a fixer-upper and do to it what you please and buy it for less. Now of course you want to make certain it makes sense and more important dollar cents too. I know! We just said you can get a bargain and that is true but sometimes a fixer- upper could be a money pit so make sure your doing the right thing.
How important is home value appreciation?
Friends it’s been a while from the time when I was in the real estate business but I know that this question is still on the top of most home buyers list. How important is value? I personally would say it makes common sense even dollar cents to be conscious of it for it will structure the future of the selling of your home someday. I know we all buy a home and fall and love with it and we’re going to live there for the rest of our lives: Well that is most of our intentions but in all reality things happens beyond our control which will cause us to make changes and sometimes it means selling our homes. So how important is home value appreciation? I don’t know about you but for me its take priority and I hope it will for you as well.
Would I be interested in new home construction?
This question is often a topic of discussion for some homebuyers because sometimes you know that a new home don’t come with all the problems maybe an existing home comes with. New construction can provide you with the confidence of less house work. Most people like the idea of being the first to ever live in that home and that can be something special to a new homeowner as well but is new construction always the best way to go? Some love the charm of an existing home and all the amazing hard work of the days of old craftsmanship. “They just don’t make it like that anymore” That alone makes an existing home all the more appealing. But for me I’m a fan of both but my preference is existing home for all the above reasons but as a homebuyer make sure to weigh your decision close to your heart and you will make the best decision for you and your family.
What features and amenities do I want? Which do I really need?
I know, I know you will love to have a pool and live near a golf course but are these most important things you need to consider in purchasing a particular home? Now I’m not mad at you if you do because sometimes this is what’s most important to a home buyer. All homebuyer aren’t created equal because everyone has different needs but if we can all agree on one thing is that all of us has to prioritize our needs. The questions you should ask yourself are what are most important to me to live in this house or neighborhood? Now am I saying to settle no to the contrary? Most will find if they prioritize they will end up with whats needed and even get some of their wants on the list.
Friends I hope this real estate tips has been informational and helped inspire you to get out with confidence and purchase your new home.
Let me know what you think in your comments below!