When searching for that new home there are many things to think about and consider. The usual considerations concern schools, shops and traffic but have you considered the long term value and the situations that can affect future sales? Let me explain. When an appraisal is completed, the comperable sales for your home are within a mile of the subject property and your future value in that property depends on many things. Here are a few tips to add to your bucket list when considering a purchase that I thought would be helpful.
- Open Acreage behind or around the subject property - Make an inquiry as to who owns the property and whether it is zoned residential or commercial (the seller is not obligated to openly comment on this or include this information with the listing if they do not have an interest in the property.)
- Check with your insurance company or the Realtor before making an offer to see if the subject property is in a flood zone (if you write the contract without knowing it could double your insurance costs.)
- A home inspection is very important. Shop around for a reputable company or ask your Realtor for a few referrals. Remember the inspector guarantees nothing and if you suspect a problem call a licensed professional.
- Before looking for a home, sit down as a family and make a list of must haves such as bedrooms and sizes ie; square footage ect. This will help your Realtor in finding properties that won't waste your time.
I hope you find these tips helpful as I think they are very important to having a great experience and not just mediocre when purchasing your home. Thanks for visiting my blog and check back for more tips in the future.
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