THE HUNT FOR A PERFECT NEW PROPERTYPosted by Peter Ng on Wednesday, April 15th, 2015 at 11:36am.
Buying a new property is a tough process and often an exhausting one especially when you have little or no knowledge about new homes. While looking for a new property, one must be aware of the factors that make up the total worth of the property. Everyone dreams of a perfect new house with open spaces and beautiful architecture but not every pretty looking house is the one to buy. Hence, we have compiled a few tips for all the buyers out there on a property hunt. These tips will help you pick the best property for you and your family.
WHERE IS IT LOCATED?
Real estate experts say that the most important thing to keep in mind when buying a new property is the place it is located. Choose a good neighborhood with the amenities you need. The neighborhood will determine the price of the property among other factors if you wish to sell it in the future. Another important reason for making sure the location is perfect is that you can spend a relaxed life. No one wants to live in a place with a disturbing environment. The property must be in a place where you can easily access parks, shopping malls, schools, etc.
WHAT SIZE IS IT?
Buying a new home needs a lot of thinking. Do not buy huge homes with many bedrooms if you live alone. Maintaining big spaces can be tough and costly. Buy a home that is appropriate in size and thus manageable for you. This way you will be able to save a lot of money in terms of maintenance, repair, and bills. Buy a big house only if you have the means to manage it.
DOUBLE CHECK THE STRUCTURE
When buying a new house, one should thoroughly check the entire house. The structure of the house should be solid. Buying a property with a poor roof or foundation will cost you thousands of dollars. Another factor involved with the structure of any house is the presence of termites. Make sure the walls of the house are not eaten by termites. Conduct a complete inspection to save yourself from trouble in the future. If the property you are buying has water damage, then do not seal the deal. A house with mold damage or water damage can cost a lot of money in terms of renovation.
LOW PRICE ALERT!
This one is an advice to all the people that are heading out to look for cheap properties. Many realtors attract buyers by offering a really low price for a property. Such properties are usually the ones that no one buys because they are damaged or have some issues. Don’t be fooled and do not fall for this trap. You might regret buying such property for the rest of your life.
Buying a new home for yourself is a tough decision but with these few tips, you will be able to look at every property you visit with a different mindset. Always measure the pros and cons of buying a new home. It will save you from wasting your precious money and time.
Photo Souce: www.warringhomes.com
Peter Ng, ABR, CCS, SRS, CNE®
REALTOR® / Associate Broker
C: 403.617.2088 | E: PNG@KOREREALESTATE.COM
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