Whether you are buying your first home or seventh home, house hunting can be the most eye-opening and exhilarating part of the homeownership adventure. With that in mind, no matter how experienced of a buyer you are or are not, there are a few things you should always remember when on the hunt for real estate.
1. Never overlook the home inspection
Getting a potential new home inspected is very important. When you find a place you love, it’s easy to get carried away, even if you can tell it’s not in perfect condition. A home inspector will give you a realistic view of the home, and how much it may cost you in the long run if you decide to purchase it. Although house hunting can be a thrill, be sure to keep your wits about you.
2. Consider the neighbourhood
Although you may have found a diamond in the rough, you need to strongly consider just how rough, the rough is. If the property you are interested in is in immaculate condition but the neighbourhood leaves something to be desired, you could be signing up for future headaches. Make sure you research a neighbourhood before you decide to move into it – part of house hunting is considering things like crime rates, employment rates and demographics in potential neighbourhoods.
3. Find a realtor you love
Many realtors will make you sign a contract right off the bat – before you know if you are going to work well together – or if you’re going to like their style. Find a realtor who is flexible in this regard. Maybe view a few homes together or meet a few times to discuss your wish list (and see what they come up with) before locking into a contract that you can’t get out of. House hunting should be enjoyable.
Posted by Gurpreet Ghatehora on