Important Things To Be Considered Before Buying A Home

by Syafrein Effendiuz by: Leah Dean
Dwellings with a pleasant view of the horizon often sell at a premium above similar homes without the view. Still, if a view is important to you, buy it mostly for your own pleasure and not as an investment. While you may place a considerable dollar value on the view, future buyers may not be so like-minded. It can take you longer to find a buyer when it comes time to resell the house, or you may end up dropping your price to more nearly match other sales prices in the neighborhood. Essence is, if you are buying a house with a view; try to pay as little extra as possible or you might not get your money back.

Despite of the fact most real estate value is usually concentrated in the building, the lot is important, too. Evidently, it should be as level as possible. Assuming the property is in a typical neighborhood, the lot should be rectangular – no odd shaped lots or oddly situated lots. The yard sizes are smaller in modern homes than in older homes, but there should still be a decently sized front and back yard. Try not buying a house where the entire back yard is taken up by a swimming pool, for example. And do not purchase an over-landscaped property, either. People normally pay a premium for that, which you may not be able to recover when you sell. We can get your best value if the house is moderately landscaped or under-landscaped for the area. Always try to improve the landscaping during your ownership by improving the grass and adding bushes and trees and do not spend too much.

All residential neighborhoods, houses will vary in size and rooms, but they should not be too different. Whenever resale value is an important consideration, you should not buy the largest model in the neighborhood. While determining market value, the homes nearest to yours are most important. When most of the nearby houses are smaller than your house, they can act as a drag on appreciation. And, if you buy a small or medium house for the neighborhood, the larger homes can help pull up your value. It is one of those times where determining your wants versus your needs can be extremely important. Purchasing what you need in a more prestigious neighborhood may provide more financial reward than getting what you want in a less desirable neighborhood.

Houses having three and four bedroom are the most popular among homebuyers, so if you can stick in that range you will have more potential buyers when it comes time to resell. More that four is okay, too, as long as you do not have to pay too much extra for the additional bedroom.


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Created on Dec 31st 1969 18:00. Viewed 0 times.

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