How to Know You’re Buying the Right House
It’s very important to take some time to consider all the qualities of a house before making the decision to buy. After all, you’re likely to be living in the house for at least a few years so you want to make sure it’s the right one for you. Checkout four factors to consider before buying a house. Location Figure out how long it will take you to drive to work from your new home. Be sure to factor in traffic and any construction that is happening. The ability to get to work and return home in a reasonable amount of time is important to many people. Also, determine the crime rate in the neighborhood. Do you feel at ease there? Check with the local police department and let them know
you are thinking about buying a home in the neighborhood. Also, keep in mind a neighborhood with well-kept yards is a sign that its residents care about their living environment. Your Budget When it comes to buying real estate, you must figure out what sort of budget you’re working with. Only then can you decide whether you are able to afford a particular home, its taxes and general upkeep. Budgeting to buy a home helps you avoid buying a place that is going to put a strain on your financial situation. The School District Another factor to consider when looking at a home is the school district. Are there quality schools located within the district? What are the ratings of the schools? These are vital questions if you want to make sure your children attend schools that will prepare them for college or a career. Proximity to Stores and Other Businesses Determine how close the house is to grocery stores, drugstores, dry cleaners, doctors’ offices, banks, etc. If you want a home that is within fifteen minutes of these types of businesses, then getting an answer to this query should be high on your list of important factors. Some people prefer to live near a business district while others want a place that is further off the main path. Finally, whether you’re in the budgeting phase or you have a home in mind, it’s best to look at any piece of real estate in a logical way. Make sure it fulfills all your requirements before signing on the dotted line.
Daniel Palmier is a leading Boston CEO, Real Estate Investment Manager, and Founder of UC Funds.