Investment Consulting

Monday, December 24, 2012

Guide to Buying a New Home

Guide to Buying a New Home

Purchasing a new home can be a very exciting and profitable experience. It's one of those things that give you butterflies in your stomach, like opening a big Christmas present. It is an essential part of life and most people will go through it at one point. Believe it or not, buying a home is the best investment you can make, especially with the population on the rise. The first step in buying a home is to decide what it is you're looking for.

First, look at your price range and figure out what it is you can afford and what you must rule out. Once you know your price range, you can start by looking at paint, carpet, hardwood, vinyl and a garage perhaps. Lower priced homes will often use lesser quality carpeting, vinyl flooring and plastic counter tops. Higher end homes usually use a higher quality of carpet, hardwood, tile and granite or another solid counter top. Knowing what your price ranges are will aid you in determining which luxuries you have to have and which ones to rule out.

Next, look at the ceiling. The ceiling is a clear give away of water damage to the home and if it has been a smoker or non-smoker home. It also shows the structural stability of the house; cracks equal poor structure which may lead to problems in the future. Also be sure to check the walls for cracks and evenness.
Now look through the bathroom. Look for cracks in the pipes, walls, grout and silicone. Also check the toilet and bathtub/ shower to see their condition. You should be prepared to do renovations and remodel the bathroom sometime in the future if it is an older home.

When finished with the bathroom, check the kitchen appliances. One of the most costly features of a home is the appliances. The overall condition of the appliances will show whether you need to dish out another few thousand dollars for new ones or not. Be sure to check the heating and air conditioning unit, water heater and electrical wiring as these can be a serious hazard if left unchecked and unmaintained. But most importantly, don't be scared, look around and play with everything! You're spending upwards of a few hundred thousand dollars on it, aren't you?

Once you're satisfied with your job on the inside of the house, it's time to move on to the outside. The first thing you should look for is the size of the property itself. The more land you own, the more the house is worth. Always check the yards for size, especially if you have animals. Next, check the gutters, window frames, roof and siding. Try to find out through your real estate agent when the last renovations and maintenance were done so you know when you should continue them.

Neighbors; the bread and butter of a great life at your home. Yes, the house is important but how will you enjoy it with loud, obnoxious intolerable neighbors? Now, I'm one that's all for the saying "Never say never," but in this case, NEVER buy a home if you can't get along with your neighbors. You should feel just as comfortable with your neighborhood as you do in the comfort of your bedroom. Don't forget to look at how close schools, malls and grocery stores are to you. This boosts the price of your home and is a lot more convenient if you have young children.

If you're satisfied with your thorough examination of the home from top to bottom, you're almost done! Don't forget to double check your list to make sure that you didn't miss anything important. Once you're happy with how the home is now and how it will be in the future, your done! Congratulations, you've found your house, your sanctuary and most of all, your home.

MG / Negocios e Inversiones

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