October 20, 2018

Home-Buying Checklist: Things To Look For When Buying A House

Buying a house involves a big investment, and it’s going to be your responsibility to check if everything is in order before you buy a home. You can’t expect a real estate broker or the previous homeowner to practice due diligence and be completely honest about the house you’re about to buy from them. You have to do your homework to make sure you are buying something worthwhile. Here are a few tips that might be able to help you make a wise decision about a home purchase:

Be Objective and Neutral


When you’re looking for a new home, it’s normal to be tempted to grab it and think it is better than your old house. That’s because it’s fresh and unexplored and your imagination might be working overtime thinking of what you can do with a new house and how to renovate it. It would be good advice to dampen your excitement a little bit. Try to look at it in a more business-minded way. Take a step back and stay neutral so you can also see the defects aside from the positive potentials.

Visit the Property Often


It isn’t enough to visit a new home once or twice. Try to go to the property a few times on different days and times. This will give you a real view of what the neighborhood is like, if it’s noisy at certain times or if the neighbors won’t let you sleep at night with loud music. It will give you a better feel for the neighborhood.

Meet the Owners


Introduce yourself to the owners of the house. Ask them questions and don’t be afraid to sound like you are prying. You have the right to know about details that could affect you later on. Ask about the crime rate, any problems with the neighbors, why they are selling the property and about tax and utility rates in that neighborhood. Ask permission if you can have the home tested for molds, toxic chemicals, rust, termites, and rot.

Talk to the City or Town Hall Employees


Ask the community leaders and city hall employees about any problems related to the property. Find out if the home will be affected by any government projects in the area and if these will have any effects on the value of the property. Check if the home is prone to floods or has any building code problems. Health authorities may also have information about diseases in the area near the house.

Drop By Your Future Neighbours House


Getting to know your future neighbors is also important. It will tell you if it will be a pleasant move or if you might have long-term problems with people who live near you. It’s a good way to gauge if the community will be a healthy place to raise your kids.

Tour the Neighbourhood


If you have children, check out the schools, parks, and libraries in the area. Find out how far the nearest hospital is and if it is a reputable one. As you tour the town, you will be able to know if there are any depressed areas or troublemakers in your future neighborhood.

Debt settlement


Look for sellers who are looking for a quick sale due to an urgent situation such as a debt settlement. Mostly these sellers sell their houses at a lower price. These are just a few tips to consider before buying a house. Hopefully, these tips can help you make a better decision.

What to Know Before Buying your First Home

Buying a home for the first time is exciting. This big step in life needs thorough preparation. At one given point there are usually many homes in the market. It calls upon you to discuss with your realtor what space and neighborhood you desire to live in, and for what price. Before committing to buy a home, envisage how your life might pan out in the next five years.

Size and location


Between location and size, what is of prime importance to you? You can either choose to buy a small house in your favorite part of the city, or a big house further from the city but at an affordable cost. If you plan on growing your family shortly, then the big home in a suburb might serve you right.



A home is a long-term investment. You don’t want to buy and sell it in less than five years; it is financially unwise. So before buying that new home think again where your career is going to take you. In case you don’t get to live in your home for five years, consider renting out instead of trying to sell it shortly after purchasing.

Do a thorough inspection


A home inspection before purchase helps to unearth the beautiful and the ugly details. You can get the seller to repair the defects you spot during the inspection, but if they don’t do this, you better keep looking to find the right home. You just don’t want to buy a house then undergo extra costs of fixing broken fixtures.

Beat down the price after inspection


Every home has some flaws. You can use what you found during your review to get the further price reduction on the property. This way you can save money to do remodeling and add décor that suits your tastes.



Specific amenities in your community may cause the value of your home to appreciate with time. It is a good investment to buy a house near a school for instance. On the other hand, if your new home is in a district surrounded by expensive mansions, you will cough out more money in property taxes.



How much can you afford to pay every month for your new home? This largely depends on the amount of your income, your assets, savings, and debts. The rule of thumb is this; don’t spend more than 36 percent of your monthly income on a mortgage. Banks might decline you for a mortgage if you have bad credit reports. Credit repair measures like paying your bills on time, maintaining low balances and paying over the bottom line should get you out of the red zone before buying your first home.

Sometimes people use consolidation loans to get another loan. You borrow against your home so that you can use the money to settle other smaller debts so that you just have one loan to service- the house. This is a risky undertaking that might tie your home in an unending debt cycle.

To make the right decision about home buying and get the best deal, first time home buyers need to seek guidance from realtors and mortgage advisors continually.