Once you have found your dream home, it can be easy to get carried away. But, it is important to remember that buying a home is a big investment and not something that should be rushed into.
Before buying a new home, it is vital that you look beyond what you see. Make sure to ask your agent lots of questions about the property as well as considering whether it gives you everything you need.
Consider whether the property is up to standard. Is it big enough – will all the furniture fit? Does it have good decorating potential? Is it unique?
Choosing to
move to a new home is a big step. It can be a very stressful time, especially with so many different factors to consider. But, by asking the right questions and planning in advance you can ensure you pick a property that will make the perfect new home for you and your family.
For some must-ask pre-buy questions, have a read of this. Can you afford the property?
Consider whether you
can afford to buy the property. This might seem like an obvious factor, but it is still worth thinking about. Whilst you may have the funds for the property itself or already have your mortgage loan in place, you may not have considered the other costs that come with the property.
When considering whether the property is in your price range, consider the condition of it as well as its price. Is it in good condition? Are there any problems with it – like mold or damp? How much will it cost you to re-decorate it? These are all important factors to consider. There is no point buying your ideal home if you can’t afford to maintain it properly. To get an idea of what condition the property is in, it is advisable to book a professional home inspection for your potential new home. To find out more about what this entails, visit
http://explodedhome.com.
It can be easy to fall in love with a property, but be careful not to invest in a building that you can’t afford to maintain or put your own stamp on. As well as decorating and maintenance issues, consider the cost of utility bills (heating a larger home is more expensive), etc.
Is it in the right location?
Before rushing into signing on the dotted line, consider whether the location of the property is right. Whilst it is important to
find a property located in a nice neighborhood, as well as close to local amenities and a suitable commuting distance from work. There are also other location factors to consider.
Think about what your plans are for your new home. Are you hoping to transform your property into an eco-friendly home – will this require large wind turbines in the garden or large solar panels on the roof? Are you aiming to revamp your home into an ultra-modern, glass fronted property? Think about your plans for your new home and consider whether it is located in the right place. Will your new neighbors appreciate your eco-friendly home? Perhaps the area is too busy for a glass fronted house… Think carefully about what you want your new home to be like, before investing in it.
Can the property meet your future needs?
You think that you have finally found your dream property, and you just have to have it. But, before rushing into anything there is
more to consider than the costs and location.
Will this be a long-term home? If so, can the property meet yours and your family’s on-going needs? If you are hoping to make your new property your lifelong home, it is important to consider whether it can meet your needs.
Are you planning on increasing the size of your family? Does the house have the potential to create enough bedrooms and playrooms for them? If there aren’t enough rooms at the present time, don’t let this worry you, there just needs to be enough space for more rooms to be built in the future.
Are you planning on creating your own home office in the garden for your business – is there room? Consider whether there is enough space to create your own home office in your garden, as well as what the rules for planning permission are in the area.
Does the property have good design potential?
When investing in any property, whether it be for business or domestic use, it is important to look at its design potential. Consider whether the property has good design potential. Is it unique? Does it have a nice style to it? There is lots to consider in terms of design and decorating aspects of buying a new home.
Think about what your decorating or design plans for the property are – do you want to modernize it? Are you hoping to turn it into an eco-friendly home? Consider whether the property has the potential for your ideas. Certain property types, like period houses, may not be suitable for your design plans, no matter how much re-designing you are willing to do. So, be careful what
style of property you choose.
How much will you need to spend?
Whilst you may have already worked out what you can afford to spend on revamping your new home. It is a good idea to sit down and make a detailed plan of each cost you will incur.
Spend an hour or so walking around the property writing down everything that will need fixing, re-designing or re-decorating.
When calculating the costs for your new home design, don’t forget to take the costs of the garden into account. There is no point working hard creating the perfect home, but not being able to afford to re-landscape the backyard.
Things to remember
When buying a new property, make sure that you can afford the cost of its maintenance, re-designing and decorating, as well as the cost of the property itself.
Ensure you choose an area that not only fits your lifestyle requirements, but that also fits your home design plans. For instance, if you want to turn your property into a glass fronted one, don’t pick a busy neighborhood.
Before signing the papers, make sure that your new property has excellent design potential and can adequately meet your family’s on-going needs.