For many potential homebuyers, the upcoming weeks and months are going to be an exciting time, and not just because the weather's turning warmer and the sun is shining longer.
Across the country, the spring and summer months are some of the busiest when it comes to real estate. After a long winter, sellers are eager to show off their property in all its glory, both inside and outside.
Current homeowners may see this as the perfect opportunity to move somewhere and experience something new, whether that means moving into the city or packing up and heading across the country.
Other individuals may be on the younger side and are currently classified as renters. They may see these upcoming months as the moment to transition into a homeownership, especially as rents in many major and popular cities continue to increase. In some instances, it's actually cheaper to buy a house than it is to continue renting.
Whatever the reason is, buyers have to keep their eyes on certain aspects of the house. Even if you already know what to look for, you may be surprised what you'll find when searching for homes online, and when you visit an open house.
Once you've saved up a good chunk of change for the down payment, you'll want to make a list of what to look for when buying a home.
What's the weather?
First ask yourself what region you want to look in for a home. Keep in mind that each part of the country - and even within a state and city - all experience different weather conditions. Midwesterners know all too well how winters can be brutal one week, and seemingly mild the next.
Consider these factors, because weather will have an impact on a future home. For example, if you buy a home in an area that experiences a typical winter full of cold and snow, you should try to find a home with a garage to park your vehicles so they are protected from the elements.
If you see yourself moving to someplace where it's hotter than normal, try to find a home that has lots of surrounding trees that can provide natural shade, recommended Houzz.
Every part of the home should undergo a thorough inspection by a professional company. You should ask the sellers for any paperwork they may have regarding irregularities and prior remodeling projects, but you should also request an inspection to spot issues that may have been glossed over.
The roof is an area that has to be carefully examined. According to esurance, a roof can reveal a lot about the current state of the property. If it's starting to cave in, you'll have to negotiate with the sellers over who will cover the cost of repairs, especially if it's a home that you have developed a strong attraction toward.
Otherwise, a roof that is relatively new can result in lower homeowners insurance on your end. As long as it's made with strong materials to protect against wind, hail and other severe elements, your chances of filing a claim will decrease.
Size and number of rooms
Your preference in the size and number of rooms will likely depend on where you currently are in life. If you are moving in with only your partner, chances are the home will have a nice, cozy feel that isn't too big, but not as small. This might mean there are only two or three bedrooms.
But if you already have a family with multiple children, you might look for something bigger, where each child can have his or her own room.
As such, you'll want to decide what is the perfect size. You may even want to plan ahead and consider getting a home that may seem large in the present, but once your family expands, it becomes the perfect size.
"The neighborhood is arguably the most important factor when looking for homes."
In addition to the bedrooms, you should also settle on an ideal number of bathrooms. The home remodeling website, Houzz, stated that adding another bathroom can be quite expensive. Even a half-bathroom, which is one that doesn't contain a bathtub or showering area, can be extremely valuable for families.
The surrounding neighborhood
Every neighborhood, whether in a city or suburb, has a distinct feel and uniqueness to it. This encompasses everything, from neighbors to the availability of street parking.
The neighborhood is arguably the most important factor when looking for homes. Families want to live in a safe area where their children can comfortably grow up while attending good schools. Amenities, which can include entertainment and restaurant options, should also be considered. You may even find it pleasing to research the walkability of a neighborhood in relation to popular attractions, such as nearby parks or public transportation.
The homebuying process is extensive, and there are many things you should keep an eye out for when buying a home. Some are more specific than others, but as long as you know what you're looking for, you'll find a home in no time.
For more information about smart ways to manage your finances, contact Landmark Bank.
Back to Blog