What Criteria to Consider When Buying a House
Buying a home is one of the most significant decisions you'll make in your lifetime; it'll take up a big chunk of your income, and it will impact your lifestyle for years to come. To ensure that you get the best bang for your buck, we want to share with you some important criteria to consider when buying a house.
Location
Location is vital in determining how much money and time you'll spend commuting and deciding how much property taxes and homeowners insurance you'll pay. Depending on your priorities, you'll want to check out the proximity to your office, local stores, playgrounds, public transportation, etc. Most likely, you will prefer a house with the minimum commute to your most visited places.
Budget
The property needs to be within your budget. The best way to get a reasonable estimate of how much a house will cost is by shopping around with real estate agents or mortgage brokers.
House Size and Shape
Consider the maximum size of the property and the number of rooms you'll need and can afford. If you have a single-family home, a few of the most crucial considerations would be the layout of the house and lot size.
Renovations and Improvements
You should assess the house's current condition and what you need in your home, such as plumbing, electrical, and flooring in the house.
Neighborhoods and School System
If you have kids or planning to have them, it's essential to research the local schools in your area before you buy a house. Consult with your real estate agent but also make your own research. Make sure that this school district is right for you.
Safety and Crime rates
If you’re buying in an affluent neighborhood, the risk of burglary is lower. Some people feel safer if the house is located within a gated community. In any case, make sure you check the crime statistics in the area and also have a discussion with your agent. When you are about to make an offer, asking around about the neighborhood and talking to neighbors, may benefit you.
Backyard
The backyard is one of the most prominent features of the home and is where you’ll spend a lot of your time, either relaxing or hanging out with friends and family. The size and layout of the backyard can play an important role.
Conclusion
Keep in mind that buying a house is also like having a marriage, so it can be a big decision that could have many implications on your life. As always, consult your real estate agent and mortgage broker before buying a house.
