For most of us, the biggest purchase we will ever make is buying a home. It can be stressful, and you want to know that you are making the right decision. At 2233 Realty, our local team have put together their top 10 buying tips.
1) Know what you are looking for
What do you want and need in a home? Make a checklist that includes your absolute ‘must-haves’, ‘would be nice’ and items that ‘don’t matter’. When you look at a home, go back to this list and tick the boxes that match your requirements. This will keep you focused when deciding later.
2) Know how much you can spend
This sounds simple, but it’s important to set your budget before you start looking at homes. Visit your bank or broker to talk over finances. Having a realistic budget in mind will help you to narrow down your choices. It will also help your real estate agent find you the best fit property for your needs.
3) Determine how much space you really need
Space is important. Take a moment to think about how much space you need now, and into the future. Are your current circumstances likely to change? Is your family growing? Or are they moving out? Thinking about space will help you to figure out how many bedrooms and bathrooms you might need, as well as how much outdoor living space you require.
4) Ask yourself if you are you willing to renovate
Are you looking for a finished home, or are you willing to spend time and effort to bring it up to scratch? If you’re planning on buying a home to renovate, you will need to budget for those extra costs.
5) Can you see the potential?
It’s important to remember that when it comes to buying a house, you may never find the ‘perfect home’. So, when you’re looking to buy, try to see the potential in a property. A different colour scheme, lighting plan or floor coverings could transform the home very quickly at little cost.
6) Explore the surrounding area
Remember, you are not just buying a home, you are buying the location. Check out the distance to cafes, parks, schools, public transport and work. Visit the property at different times of the day and week to see if the location will fit your lifestyle and be attractive to future buyers.
7) Try to meet the neighbours
If you’re really interested in a property, you should consider who is living nearby. You may like to knock on the door of a neighbouring household to ask about the area and what it’s like to live there.
8) Arranged professional inspections
A few hundred dollars for the cost of inspection could save you thousands if an issue is uncovered. It will give you a better idea of the true value of the property, in addition to peace of mind that you’re making the right decision.
9) Think about what it will really be like
Take a moment to visualise what it will really be like to live in the home. Will your furniture work in the space? Is the storage sufficient for all of your things? Can you see yourself relaxing and entertaining guests in this home?
10) Ask yourself, does it feel right?
Most people say that the way a home ‘feels’ has a lot to do with their decision to buy. Think about how you felt when you first walked in. Did it feel like the one? Did you feel good being in the space? Or, if something wasn’t quite right, ask yourself what it would take to fix it.
For more information on buying your next home, contact us at 2233 Realty.