Sep 08, 2020
The acquisition of a property provides a sense of fulfillment and outstanding personal achievement. Purchasing a house is one major financial decision requiring an extensive deal of thought since a home is where one retires for the day and where memories with the family are formed. Thus, this process should not be taken lightly.
Owning a home will give you peace of mind and security. It may also be maybe an investment if you intend to sell it in the future. However, to accomplish all these, the tedious yet crucial process of house hunting is very much significant before purchasing a house. To help you with house hunting, here are some tips.
How Much Can You Afford?
The primary factor to consider before looking at house listings is your budget. Determine how much downpayment you can give and the monthly mortgage you can pay. A good rule is that your monthly payment should be no more than 25% of your net salary. Consider that home property, even new ones will always have flaws that need repairs. Allocating a budget for repairs or upgrades should also be acknowledged.
Talk to Experts
Nowadays, looking for a home can easily be done by browsing through various listings over the internet. Numerous home listings are available on the web and even on social media. Nevertheless, obtaining the assistance of real estate authorities will help in your search. Experts from dezertproperties.com, consider the importance of sharing what you desire. Communicating what you want in a place will help them filter and prioritise listings for you to visit.
Take your Time during Open Houses
When going through an open house, do not speed through the process. Remember that this is your future home, and it is crucial to inspect all aspects of the house. Be aware that if the house is very fragrant, chances are there is something to hide. It is highly recommended to look thoroughly at all parts of the house.
- Check that windows and doors are straight and are not tightly shut or stuck.
- Open pantries and closets to verify any hidden damages.
- Turn on the lights to check the lighting and to provide an overview of the electrical system.
- Look upwards to verify that ceilings and roofing do not require major repairs.
- Ensure that the attic has proper ventilation to ensure that intense heat from the sun can escape and moisture evaporates. Ventilation assures that damages in the interior walls, and other structural elements are prevented.
Electric and Water System
Inquire about the electrical wiring of the property. It is better to acquire a home with an upgraded electrical system instead of the knob-and-tube-wiring old style. Also, check the capacity of the electrical service such as the ampere to ensure that it can accommodate new appliances and that it can handle sudden power outages.
Another vital thing to consider during your house hunting is to check the water system. Make sure that all the fundamental fixtures like faucets and toilet works are functioning, and that pipes are not leaking. If you can, determine nearby wells and septic tanks to ensure an adequate water system surrounding your target house. Additionally, look out for the presence of molds which are usually caused by heavy floods and unnecessary leaks. These moulds can cause major health respiratory issues because the air quality is already affected.
Inspect the Foundation
Another critical aspect to consider is the property's foundation. Try to research the soil history in the area and if it is prone to earthquakes or flooding. These factors can cause poor drainage and weak soil, which will then result in cracks in the wall threatening the structural integrity of the house.
Check the Neighborhood
It would help if you also considered the neighbourhood of your intended house. If you are not an animal lover, you probably do not want to be near a neighbour that has dogs kept outside. Include in your research crime statistics and the nearest school district, which is for the benefit of your children.
House hunting can be a stressful process, but with the tips above, it can be an activity to enjoy. Before house hunting be prepared with a number you can afford, the essential elements you require. If possible, research about the area in advance and formulate inquiries for the real estate agent or previous homeowners. If properly conducted, this will save you time and will result in the purchase of your dream home. Happy house hunting!