Hello Friends,
We've gone ahead and outlined
a few of the biggest real estate deal breakers,
the areas where you should never compromise when house hunting. Check out the
list below and keep these details in the forefront of your mind as you look at
properties.
Location, Location,
Location:
"Whether it's for commuting purposes, school
systems, or just preferred neighborhood, location tends
to be the biggest deal breaker I see. Adding 30 minutes onto your commute can
drastically impact your free time and mental happiness. If you want easy access
to shops, nightlife, you're going to be miserable living in the middle of
nowhere, "advises Chris Taylor with Advantage Real Estate in Boston, MA
You probably knew this one was coming, but it's a
cliche for a reason. While you can always work towards upgrading other features
of the home over time (I'm looking at you, chef's kitchens and hardwood
floors.), how long takes you to get to the grocery store is pretty much set in
stone. Before committing to a property make sure that you're happy with your
commute to work, the amount of time it takes you to get to stores, and the
access you have to main roads.
Fixer-Upper Vs.
Turn-Key:
"Get the condition you want " says Aaron
Norris of the Norris Group in Riverside, CA, simply.
We know this may seem a little strange considering
we just told you to be open to making upgrades, but the reality is that not all home
improvements are created equal. While you'll still probably
want to switch up the aesthetics in a turn-key home, it will be more or less
livable from the moment you walk in the door. Fixer-upper's, on the other hand,
require a sizable amount of work to even get the point where everything
functions.
it's important to be honest with yourself about
which scenario you can handle. Sure, a fixer-upper may come with a lower price
point initially, but if you're not naturally handy, the time and money it takes
to get the home up to your standards will quickly become overwhelming. Instead
of setting yourself up for frustration, stick to looking at properties that
match your skill level. You'll thank yourself later.
Your Budget:
"If you can just barely afford to make mortgage
payments, you won't have money to do anything outside of work - including
taking a vacation - which will make it all seem pointless. Instead, always buy
a little less than your maximum qualification amount and enjoy life," says
Cedric Stewart with Keller Williams in Washington DC.
There's a reason why mortgage companies give you a
range on your pre-approval. It's to allow you the freedom to decide how
big of a mortgage payment you're willing to take on. Have your agent work up a
few sets of closing costs at different price points to help give you an idea of
what your monthly commitment will be.
Think realistically about how much you'll be able to
pay while still enjoying the rest of your life and stick to that sale price.
That said, you shouldn't get so intent on saving money that you forgo looking
at properties within your range that will ultimately be a better fit for you.
In this case, balance is key.
ERA Skyline Real Estate
3376 Harrison Blvd
Ogden, UT 84403
801-627-6500
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