House Hunting Tips: 6 Things to Consider Before Starting Your Home Search
by Rick Delgado
on Wednesday, September 21st, 2016 at 7:16am.
Finding your perfect home is no easy task. A successful house hunt requires plenty of planning and lots of research. Luckily, we've included some tips to help you focus your real estate search. If you're thinking about buying a home in the near future, here are some things to consider before starting your house hunt.
What's on your wish list?
Make a list of all the things you would like to have in your new home, then narrow down the list to the most important items on your initial list. Save time by focusing your search on what really matters to you. Some common wishes found on buyers' lists include:
Proximity to schools
Plenty or nearby amenities
A fenced backyard
Short commute to work
Low maintenance living
A multi-car garage
A swimming pool
Lots of nearby parks
Good access to transit
Lots of street parking
Picture your ideal location
Everyone knows location is everything, but what that means can differ with every buyer. Your ideal location will definitely be affected by your wish list above. If distance to work, schools, and amenities were high up on your list, then you might be interested in a more centrally located neighborhood. If you prefer a little peace and quiet, you may enjoy living in the outskirts of town.
What kind of home?
Again, the type of home you should look for will be determined by your needs. First-time buyers and retirees may find condos to be an attractive option for its relative affordability and low maintenance lifestyle. Families needing room to grow will find a single-family detached home more practical as they generally have more space. Those homebuyers looking to invest in a home may want to look for properties in an up and coming neighborhood.
What is your budget?
Proper budgeting is often a homebuyer's downfall. There are numerous expenses to consider when buying a home, many of which are not included in the price of the home itself. Prospective homebuyers need to make sure that they also account for extra expenses such as closing costs, home inspection fee, mortgage broker's fee, and legal fees. Once these additional expenses are factored into your budget, you will get a true sense of how much you can actually afford.
Figure out how much you have to invest
Sure homes come with a price tag, but there are always hidden expenses that come up with a home, especially if you are dealing with a resale property. On one hand, brand new homes require very little maintenance, but have a higher selling price. If you plan on purchasing a new construction home, keep in mind that you may have to spend some money out of pocket for things like landscaping (many new homes don't come with established landscaping). On the other hand, a fixer upper requires plenty of extra cash for upkeep as things get worn out or need updating. Don't want to spend money on a new roof in the near future or a modern kitchen? Make sure to add these to your wishlist before looking or get ready to open your pocketbook!
Finding the perfect REALTOR®
There are so many advantages to hiring a real estate professional. They take a complicated process, and make it easier for the homebuyer with their expertise and market knowledge. REATORS® also offer up great advice, the power of negotiation, and a legal understanding of real estate. All of which can be very helpful in a highly competitive market situation. A real estate agent can make or break your real estate transaction, and are trained to deliver a high standard of service that only comes from a qualified professional.
Interested in real estate in the greater Sacramento area?
Contact us online for more information, and we'll help you get started on your search. Get your no obligation consultation with local knowledge of neighborhoods.