15 May How To Avoid A Housing Nightmare!
Think of a time when you bought a “lemon”. Don’t know the term? It’s used to describe a used car that seemed great, but ended up being a money pit soon after the sale was final. Even closer to home – Have you ever seen the movie Money Pit (1986) or the more recent similar film, Duplex (2003)? No need to fear, though. Just follow these careful tips to make sure that you will love your home and it won’t cost you major money as soon as the ink is dry.
- Become a Smart and Savvy Buyer
Start with building your knowledge of what can happen to similar types of homes that you are interested in. Browse the internet; if you are buying an older home, this is even more important. There are also some TV shows that can help. When you go through the house, you will want to be very detailed in checking it thoroughly. It is smart to have experts to assist you, but you’ll want to have some knowledge to back it up and give you peace of mind. Doing a quick Google search of what to look for and what questions to ask when buying a home can be a great help.
- Talk to Your Real Estate Agent
It’s very smart to share your concerns with your realtor. Hiring a quality realtor is an absolute must. Capital Group Agents are definitely a great start; they specialize in over-the-top customer service and have unbeatable knowledge of the industry. They have done this many times, so feel free to lean on them as you search for real estate housing. Talk to them about how much it will cost to power the house. You wouldn’t want to get stuck with a huge energy bill that you can’t afford. Find out what your homeowners dues are going to be. If you are going to do additional things on the property, such as keep horses, or an addition, you may need help estimating these costs as well.
- Hire a Home Inspector
While it’s not always mandatory to have a home inspection done, it is definitely something you should do. A home inspector will find things that you and your agent may have missed. Inspections are their specialty and they are specially trained to catch every little thing. This will give you valuable peace of mind. As always, see that you hire someone who has good credentials. Your real estate agent should be able to recommend a good home inspector. The inspector will recommend changes on anything that is not up to par. This is beneficial because you can include these repairs in the offer you make on the house so that you don’t get stuck making them.
While it may seem odd or redundant, get into every crack and crevice of the home you are considering buying, with the help of your agent and home inspector. Use common sense: if your house is old, then the pipes may not be good, and that can be expensive to repair. If the house has high ceilings, it may cost more to heat and cool. This will allow you to be confident in your purchase and content in your new home.