<
Tips for Buying the Right Home1. Make a list of the features you need and want in your next home. Identify those items that are non-negotiable—number of bedrooms and baths, garage, single level are some examples of criteria you might list under “musts.” Then consider what features you would like to have—such as walk-in closets, kitchen island, whirlpool bath. After you’ve made your lists, number the items in order of priority. These lists will help you evaluate the houses you see.
2. Choose a real estate professional you can trust. An agent who knows your target area can identify the homes that meet your basic criteria, and a good agent will help you realistically evaluate the properties you visit. Your agent will also help you negotiate the best price and navigate the paperwork and process leading up to a successful closing.
3. Take photos of each house as you tour it. You can review the pictures later to remember what you saw, helping you to narrow down your choices.
4. Know the difference between cosmetic issues and serious problems. If you don’t like the wallpaper, the color of paint, or the age of the carpet, remember that those are items that can be easily changed. Structural damage, evidence of major leaks, or outdated electrical can lead to expensive repairs, unless you are skilled at that type of repair.
5. Don’t fall in love with a house and lose your head. If you let your heart rule, you may wind up paying too much, or get stuck with a home that doesn’t meet the needs of your family. Always compare your “needs and wants” list before deciding you’ve found the house of your dreams.
6. Be willing to negotiate. If you keep your head, you are more likely to succeed in buying your home at the best possible price. Be willing to offer less than the asking price, but don’t make such a low offer that the seller refuses to make a counteroffer.
7. Hire a professional home inspector. A home inspector looks at houses every day, while you only look at houses when you are ready to buy. The written report you receive will help you to objectively evaluate the house you are buying. You will know what items in the home will need maintenance shortly after you move in, and if there are major problems, the inspection could save you from making a costly mistake.
8. Don’t insist on the seller repairing every item mentioned in the inspection report. If you’ve negotiated a good price in the purchase agreement, you can be comfortable buying the home even if it needs a few minor repairs. Focus on the items that are structural or safety concerns, and let the rest go. You’ll avoid stress and a potentially unpleasant closing experience.
9. Maintain your home. Consider having another inspection every two or three years, and making repairs as they are identified. This will help your house keep its value, prevent minor issues from becoming major headaches, and avoid expensive corrections when you are ready to sell.
