Showing posts with label Looking for a Home? What you're looking for?. Show all posts
Showing posts with label Looking for a Home? What you're looking for?. Show all posts

Thursday, November 8, 2007

Looking for a Home? What you're looking for?

The average home buyer usually considers the size of the kitchen, size of the lot, interior esthetic appeal, and the number of bathrooms, but when trying to make a wise investment decision as well as picking something for your family, there are other factors that need attention. By including a few of these aspects in the decision making process, you will find yourself in a much better situation. Location is possibly the most important home investment factor. Regardless of the condition, size, etc of the house, the location can increase or decrease the value exponentially. For example, if someone purchases a home in a growing area and that area does become more popular, the property alone (regardless of the home) might double or even triple in value. When it comes to livability, the location and neighborhood can make all of the difference, even in a less than desirable structure. Everything about a home can be changed or remodeled, but the initial property that was bought remains the same. Think about how close the home will be to work, or the kids' school campuses, and don't forget to consider entertainment, restaurants, shopping, and public transit. The location of a home on the lot can also be very important. Does it have a view? Is it on a slope? What about privacy?Another step in determining the right location is checking out the neighborhood for your self. An old adage suggests that a wise investor should buy the smallest house in the nicest neighborhood possible. When someone owns a house in this type of situation, they paid the least amount to be in the best area, and the location is what will increase the value of the home quickly. Drive around and look at the sizes of the other houses. Also, check out the lawns of the other houses and determine whether they are well kept or if they are trashed out.The initial curbside appeal is the next big home buying feature. First of all, does it fit your current lifestyle? What about maintenance? Wood exterior will need to be repainted regularly while bricks are prone to earthquake disaster. Are you looking for a more Victorian, ornamented style home, or should you find something simple with new construction? Think about how difficult it will be to maintain the grounds. Is there a huge lawn? What kinds of pruning and trimming will be necessary? All of these factors affect the on going costs of living in a particular home and also change the home's value.The actual size of a house is the first and last step to home buying. In the beginning, you should figure out the minimum number of square footage, rooms, and bathrooms you and your family need to enjoy the house. This will narrow your search considerably so that you can concentrate on the location, curb appeal, etc. After narrowing the search with these factors, the size and floor plan can seal the deal, and you will be ready to move into a home that feels comfortable and financially secure.

About the Author: Mary S. Seifried is a luxury and new home specialist and knowledgeable resource for Lake Norman Real Estate. She is also an Accredited Buyer Representative, providing the best properties Mooresville Real Estate has to offer. For more information visit http://www.finehomesofcarolina.com.