Shopping for a new home can be exciting, and it is tempting to catch the first home you fall in love with. However, exercising a little patience will go a long way toward turning your purchase into a haven instead of a hassle. Ahead, find out what to look for while buying a home: renovation potential, size, and storage, as well as neighborhood.
1. Renovation Potential
Don’t overestimate your abilities.
Learn whether the home you like needs work. Also, consider if the house has an excess room if you’re planning to redo several parts of it. “That way it’s possible to close off one area at a time, do what you need to do in that, move somebody right into there, then close off another room,” he states.
Don’t overestimate the potential.
Figure out whether the renovations are all worth the time and expense. “Be sure that if you can not do the work, you receive estimates before you buy the house so that you know what you’re getting into,” Beneke says. If the price of the home plus the renovations will place the house’s value significantly over others in the area, it’s probably not the best investment–or else you may want to scale the renovations.
Think twice when the kitchen needs renovating.
In the event the kitchen just needs new countertops, that is fine. But if you are planning to move in and handle a significant kitchen renovation whilst living there, then you might want to reconsider. Is your family actually going to be okay with closing off it and eating takeout for a couple of months? Can you renovate in phases so the kitchen is not entirely out of commission?
2. Size and Storage
The house should be large enough for the unexpected.
If you’re a couple with one child, you may think all you will need is a two-bedroom residence. However, you may decide to have another kid or discover you need one of these bedrooms for a home office for a distant job in the future. When possible, purchase with the expectation of growth.
Strategy for where you’d put furniture to find that it fits.
The owners may have put a desk or entertainment center in storage, which makes you discover if you move in the house does not have as much room as you thought.
Measure your biggest pieces of furniture, including height, for things like entertainment armoires, then bring along a tape measure (such as this pocket-friendly one from Amazon) while house hunting so you can confirm that everything will fit. If you love the house, however, the armoire is overly tall, consider forgoing the house against the potential for locating a new arrangement for your TV and stereo.
Count kitchen cabinets.
Today contractors are putting pantries back in houses because homeowners have discovered they actually need them. Does the kitchen match your older one in pantry space and a cabinet-by-cabinet count? If you need a pot rack in your old home, you’ll need to establish if one will operate in the new home or if there is enough space for your pots and pans, china and glasses, and the dish you use on Thanksgiving.
3. The Neighborhood
Establish priorities for that which should be contained in the proximity of the house.
If you are utilized to speaking with neighbors over the fence, walking together for exercise, or assembly in the neighborhood coffee shop, see whether your new area will supply the same.
On the other hand, if you are a more solitary individual, make certain that the house has enough distance between you and your neighbors to your comfort level.
Research other homes in the neighborhood.
If you want your home values to go up, it’s far better to purchase the worst house in a fantastic area and enhance it than to choose the very best home on the block. If the neighborhood has plenty of houses for sale, it might be on the decline.
Do you see signs of a renovation? In case you have small kids, do you see pools or bikes or swing places in lots of different yards? That might mean your children are going to have new friends near. Do you see cars on blocks in several yards or drives or old appliances and other crap behind fences in nearby houses? That is often a sign of homeowners who don’t care about curb appeal, and it could be an indication of a neighborhood that’s losing value, Sperling says.