POINTS TO PONDER BEFORE BUYING A HOUSE

 

Buying a home is a dream everyone has dreamt off. While this dream is coming true, many people go through a bundle of complexities. It is a strenuous procedure, but it quickly passes all the complexities within an eye blink for people who do a little bit of homework.  This homework is having knowledge of the crucial things before buying a house. Our today’s article will discuss those points, you must ponder once before owing a house.

Ø Find A Real Estate Agent:

A real estate agent is the one who can be the best choice while assisting you in opting for the best house for yourself. The real estate agent plays an enormous role in buying a house, as they serve as a broker fixes your deals, also finds you the top seller and fantastic house. The realtors know which areas are applauded, which are more likely to live and less likely to live. Most of the sellers also contact the property dealers and realtors to sell their houses, so they already have so much to offer, and you might like some of the options they would exhibit. Still, the point to ponder here is that realtor's pocket the commission from both sides.

Therefore, the prerequisite is that you find yourself a genuine realtor who intends to take a commission and give you the best services. If the case is otherwise, then you would only waste your money. An expert realtor who campaigns for you can defend your concerns and help you through the entire purchasing process, from bargaining a deal to negotiating house inspections.

Ø Location of the House:

 The house's location is essential to consider while buying a house. It directly relates to all of the other elements, for example, the size of the house, distance or access to the local market. A purchaser must observe keenly at the location of the house. Some areas are so isolated that work, schools, even markets are very distant. A house must be bought at such a location where all the critical spots must be a few minutes away so that the purchaser won’t have to worry about it later.

The main roads, hospitals and markets must be near to the house. Checking these things aforehand will save the long commute and the hassle that would be created if not observed earlier. Some purchasers also seek the location near some public park, recreation area, or jogging track as it offers them an entertainment spot accessible by walk. Some people want to own corner plots, and some prioritize living in the middle of the street to be close to both ends.

 

Ø  Legal Contract of the House:

 If you are buying a house for the first time, you must know about the contract papers and other legal formalities before buying a residential or commercial property. The buyer needs to follow a lengthy procedure, from legal papers to property tax, and every legal step involved in it takes time.  

Every time you sign any contract, you have to look at it thoroughly and then make conditions of your own for example, if you want any guarantee of basic facilities, you can add this point in the legal contract papers of the house. Always take your time to read carefully what the contract consists of. There is no such law that you cannot change the standard house contract. There is always room for amendments upon the consent of both parties.  

Ø Size of the House:

 Another critical step to focus on before buying the house is the size. After location, this is the most necessary thing you need to look at a house. How many rooms are there? How many bathrooms are there? Is there any lounge? Is there a dining place? Is there a terrace, or is there a porch? All of these questions hold a vital part in the buying process of a house.

After selecting the location, looking at the size of the house is very important. The size of the house is demanded chiefly according to the family size. For example, if it is a family of two people, they will prefer buying a house of one bedroom with a sitting area, and a small kitchen would be enough.

But on the other hand, if it's a family of 8 people, then one bedroom won't be enough they would prefer living in a big house. Therefore, the size depends upon the number of family members. After determining how many rooms are demanded, the next thing people mostly need to look into is the interior and structure/ shape of the house, for example, whether it's square or rectangular shaped. Some people also look at the roof access whereas; some prefer access to the porch, a reason for this is some people prefer single-storey houses, and some prefer double stories houses. You can also inform your demands regarding sizes and descriptions of the home to the realtor you are working with. 

Ø Condition of the House:

Will you buy a house with a dripping roof? Will you buy a house with a broken floor? Or will you buy a house with its paint peeling off? What if the cupboards are falling out or the doorknobs are left in your hand while opening the door…haha?

 Everything explains the condition of the house. The condition or age of the house is a significant step in pre-booking procedure of the house. It would be best to look at all the necessities of a house from kitchen to washrooms, bedrooms and interior. It is essential to ponder

upon because if the house is in bad condition, it would be presented to you in a first-class condition. Look at the appliances and electronics carefully, for example, kitchen stoves, ovens, light bulbs, circuit breakers, pipelines, water management systems, electricity and gas connections, doors, cupboards, geysers etc.

 If you want to add or remove something, you can ask the seller or the broker before signing the contract, and you can add the condition as mentioned earlier in your contact section. All the electronics and accessories will say the age of the house itself, and then you can demand the change of those goods.

Ø Seller’s Incentive:

When it comes to buying a home, keep in mind that some sellers are more determined than others, while others are more ambivalent about whether or not their home sells. Some sellers will list their houses on the market but are not aiming for an immediate sale. These homeowners are content to stay in their houses for the time being.  Hence, there may not be much space for bargaining and negotiations. A seller, on the other hand, may be highly motivated. This might be because of an estate sale, a sudden need to relocate due to a work relocation, or someone trying to pay off one of their mortgages with another or may have other pleasing opportunities.

Ø Purchase price:

Price and your budget play a crucial role in buying you a house. You must search for a house that is suited to your budget. Because if you cross an extra mile to own the house you want, you may mess up

in other processes of house, for example, the maintenance and stuff.

Therefore, if a purchase price is beyond your budget, you must reconsider buying it. But if it's near your estimated budget, you need to have negotiations with the seller, and you must take assistance from your realtor to bargain the price. Always think of a house that is best in your budget, and the budget must include all your finances.