Buying a house is most likely going to be one of the biggest investments you ever make. Because of this, the last thing you want to do is end up with buyer’s remorse once you’ve put pen to paper. To avoid making any common buyer mistakes, look out for the following five things when buying a home:
- The neighborhood – The house itself may be priced fairly, but don’t forget to consider the neighborhood it’s in. If the other houses are in poor shape, then the neighborhood can drag down the value of the property you’re looking at. You’ll want to make sure that the neighborhood is safe to live in as well.
- Plans for the surrounding area – Find out what the future entails for the area surrounding the house. For example, you may think that empty lot across the street is a real eyesore. However, if there are future plans to turn it into a park, you may be more willing to live with it.
- Energy use – All of the appliances and HVAC units may look to be in good working condition, but if they’re older they could be a huge drain on your energy use. Find out how much the monthly energy costs are. You don’t want to end up having to pay an arm and a leg in energy costs – or having to replace appliances and HVAC units.
- Foundation issues – Cracks in the foundation can predict future foundation problems you won’t want to deal with.
- Constant repairs – Look at the history of repairs in a house. If the same things have been repaired multiple times, don’t be surprised if you have to pay for additional repairs in the future.
Look for these red flags when buying a home and contact Randy Lindsay for more professional advice.