Everyone has their list of wants and needs when it comes to finding a new house. However, if you have pets, then there are probably a few things that you’ll want to look for in particular when house hunting. The following are a few tips for choosing a house if you own a pet:
- HOA pet restrictions – There may be certain restrictions on different types of pets. It’s important that you check the HOA guidelines and rules to make sure your pet would be allowed before you buy a house.
- Look for a yard – Depending the type and the size of your pet, you may want a yard where it can play, run around, and possibly even sleep if it’s an outdoor pet (such as a larger dog). Look for a property with the size yard you need for your pet. You’ll also want fencing around that yard–and if there’s no fence, you’re going to have to build one.
- Look for a pet-friendly neighborhood – If you own a dog, you’ll want to live in a neighborhood where it’s easy to walk. If the house is right off a busy road, it may not be ideal. However, if the house is in a quiet neighborhood with large sidewalks or a nearby park, it may be perfect.
- Look for pet-friendly flooring – Carpeting is probably the least pet-friendly flooring since it will get dirty easily and will stain easily. Reclaimed or distressed hardwood flooring is best since scratches won’t stand out as much.
These are some of the most important things that you should look for if you’re house hunting and you own a pet. To help you find a house that’s pet-friendly, make sure that you work with a reputable real estate agent.
If you’ve decided to build your own home instead of buying an existing house, then you might think that you don’t need a real estate agent. After all, isn’t the whole point of a real estate agent to help you find an existing house that fits your needs? The thing is, a real estate agent can do a lot more than just that. The following are a few ways in which a real estate agent can be incredibly beneficial, even if you’ve decided to build your own house:
- Find a reputable builder – If you want to build a house, you’ll need to find a builder. You’ll want to find a builder that not only communicates clearly and listens to what your needs are, but that won’t cut corners. Real estate agents can recommend high-quality builders in the area.
- Negotiate with builders – One of the biggest mistakes people make is to assume that the price that a builder quotes is non-negotiable. That’s not always true. A real estate agent typically has tons of negotiating experience, which means that they could potentially help get the builder to lower their price or offer more in return for the price that they’ve quoted.
- Find a mortgage lender – Many builders have affiliate mortgage lenders that they will recommend. However, they don’t always offer the best terms. A real estate agent will have relationships with several lenders that they can recommend to get you more favorable terms on your mortgage.
As you can see, having a real estate agent by your side can not only help make the process of building a new house less stressful, it could potentially help you save money. To find out more about how we can help you, be sure to contact us at Randy Lindsay in the Charlotte area today.
A lot of buyers will know exactly what to look for inside of a house when they’re househunting. However, the interior isn’t the only space you should be concerned about. It’s important that you look for potential issues around the exterior of the property as well. The following are a few potential landscaping problems to look out for when on the hunt for a new home:
- Landscaping features too close to the house – Having bushes and flowers next to the house might seem aesthetically pleasing, but it also means that insects, such as termites and carpenter ants, will have an easier time getting into your home.
- Trees are too close to the house – If any trees on the property seem like they are too close to the house — or if any of its branches reach too close to the roof — take note. If any branches were to break off during a storm, they could cause serious damage to your roof or siding.
- The landscape slopes down to the house – If you notice that the ground slopes down towards the house, it’s a bad sign. It means that rainwater is more likely to gather near the foundation, where it could cause serious water damage and where it could potentially leak into the house.
- Too many landscape features – You might be impressed by the amount of features that a landscape has, from the flowers and bushes to the gardens and water features, but remember — the more features a landscape has, the more work is required to maintain the landscape.
These are a few things that you should look for when evaluating the landscape of a property.
Once you fall in love with a home, it can be difficult to restrain yourself from submitting a bid right away. In some cases, the emotional pull of a house might be obscuring its actual value — so while you might be willing to put up the asking price, it may not actually be worth that much. The following are some of the things you should be sure to consider before you make the decision to buy even if you’re in love with the house:
- How well was the house maintained? – Ask for maintenance and repair records from the owner. If the owner regularly got the house inspected and invested in repairs when needed, it means that it was well taken care of and problems are less likely to arise in the future.
- How old are the systems and appliances? – Ask about the age of the HVAC system and its components as well as about the age of different appliances, including the oven, dishwasher, washer and dryer, etc. The older these are, the greater the odds are that you will have to pay to have them replaced soon.
- How old is the roof? – Replacing the roof can be a huge expense. If the roof is older, then it may be reaching the end of its expected lifespan. You may not want to buy a house that is going to require such a big investment so soon.
- Is there a need for repairs or renovations? – Owners are required to disclose any issues, so keep in mind any major repair costs. Also, keep in mind the cost of any renovations you may want to do.
- How is the neighborhood? – What other homes in the area have sold for, whether there are schools or parks nearby, the local crime rate, and other factors affect the value of a home. Knowing these will help put the value of the house you are looking at in perspective.
Ask these questions to better assess the value of the house before you buy. Above all, enlisting the help of a local real estate agent can give you insight as to what the market value of the home really is and give you an inside edge.
Few people can afford to buy a house outright. Fortunately, there are many financing options out there that you can consider. Many of these options are favorable towards buyers as well due to the fact that consumer confidence has been low ever since the economic downturn. The following are a few of the financing options that may be available to you:
- Conventional loans – Most banks offer conventional mortgage loans to buyers, but it’s important to shop around and compare terms. However, you will likely have to pay mortgage insurance if you don’t put down a 20 percent down payment. The terms will depend heavily on your credit history as well.
- FHA loans – FHA (Federal Housing Administration) loans were established as a way to help first-time homebuyers. Because they are backed by the federal government, they offer better rates than most traditional home loans, require smaller down payments and are easy to qualify for.
- Home builder and developer financing – Builders will often offer terms that are below market rates and that are more favorable than bank loans. Some builders will even sweeten the deal by offering 95 percent financing, payment of closing costs, cash incentives, deferred mortgage payments and more.
- VA loans – If you are or were a veteran, then you may qualify for a VA loan, which offers 100 percent financing with no down payment or mortgage insurance requirements.
While there are many home financing options available to you, it’s important that you figure out your budget first before you decide to apply. Remember, just because you qualify for a certain amount, doesn’t mean you can afford it.
Once you’ve decided to buy a home, there’s no doubt that you’ll want to start househunting right away. However, you should slow down just a little bit. Before you dive into the homebuying process, the first thing that you should do on your home buying checklist is to get pre-approved for a mortgage.
The Importance of a Mortgage Pre-Approval
One of the first things you’re going to do when you decide to buy a house is to figure out what your financial situation is so that you can determine a budget. Otherwise, how will you know what price range to look in? However, the absolute last thing you’ll want to do is find the house of your dreams only to find out that you don’t qualify for the amount you need when you finally apply for a mortgage.
Not only will you be unable to buy the house you want, but you’ve just wasted a significant amount of time looking at houses that may have never been in your price range to begin with.
To avoid this issue, you should get a mortgage pre-approval before you begin looking at houses. A pre-approval is a written commitment provided by your lender. Not only will you have a figure that you can use as your budget, but a pre-approval can come in handy when negotiating with sellers since they prove that your loan approval won’t fall through.
Getting a Mortgage Pre-Approval
To get a mortgage pre-approval, you’ll need to provide your tax returns, prove that you are employed, provide your bank statements, and have a solid credit history. For the mortgage to be secured following pre-approval, an appraisal has to be done of the property.