FOOD FOR THOUGHT
Heres a list of things to consider when buying your new home
When we look to build in a new subdivision we evaluate all the conditions to produce an outcome that yields the highest value for you, the homeowner. Heres a list of ten things that you should evaluate before getting into your new home.
We hope you would consider JT Roth for your new home. You can visit HERE to see where our communities are that currently have product available.
1. LOCATION
Location is the number one importance when looking for you new home. It matters on many different levels from the town to the school district. From there it gets down to the neighborhood to the block and then the lot on the street. If you have the least desired house in the neighborhood, but still have the best lot in the neighborhood your home will still be desired. Even while markets rise and fall no one can take away great location.
2. EDUCATION/SCHOOLS
Schools are very important to parents who want their kids to get the best education. Although, you might not have children at the time it is always smart to buy a home in a good school district. It will help when it comes to reselling the house.
3. CRIME
Almost all the information pertaining to crime can be found online. Check local municipalities to find actual numbers, but don't be alarmed if you notice a slight amount of activity. If you have concerns consult with your realtor.
4. ABILITY TO RESELL
Know what kind of market you are currently in, a buyers or sellers. Then ask yourself what would happen to the value of the home if the markets flipped. Would your home retain its value? The median home value in the neighborhood compared to other neighborhoods in the area is another tool you can use.
5. HOMES POSITION ON THE LOT
There are many factors to consider when you think about the homes position. What does the master bedroom window look at? The neighbors house? Does the living room get light or is it blocked by the neighbor? When it comes to purchasing a condo the end unit is much more desired then an interior unit. These things may not matter to you at the moment, but to a future buyer they more then likely will. These considerations will make it easier for you when you want to resell the home.
6. MAKEUP OF NEIGHBORHOOD
Go to the neighborhood in the morning, afternoon, and late at night. Open your eyes and ears and see if there's anything that might cause problems for you. The neighbor's rock band practice late into the night could be a source of conflict for you. It doesn't hurt to even talk to some neighbors.
7. MAJOR REPAIRS?
Sometimes, what seems to be a simple cosmetic fix turns out to be a major repair. If your thinking about remodeling make sure your improvements fall within local zoning and building codes. So have the homes inspected and do your homework. Not only do renovations cost money, the take time, energy, and emotional stress. Make sure your ready for it.
8. KNOW YOUR WALKING SCORE
This is starting to become a big factor for people. Visit here to get the walking score of your home. People put a high value on how close a school, store, work or even the closet bus stop. The more we move away from cars the more this will add value for your home.
9. BEST HOUSE vs. WORST HOUSE
Although some homeowners desire to have the best house on the block, it may not leave much room for your investment to grow. In fact, owning one of the less desirable homes may allow your home value increase through improvements.
10. TAXES & FEES
Most people don't realize the monthly fees associated with home-ownership. You must take this into account when purchasing your new home. Make sure the amount of property taxes and assessments are clear from the get go. If you need to, go to city hall or research it online. Is there a HOA? Does it seem well funded? You need to know all these things before purchasing.
