The Top 25 Things for Buyers to Pay Attention to When Purchasing a Home
Purchasing a home is one of the most significant investments one can make. The process requires careful consideration and attention to detail to ensure you're making an informed decision. Here are the top 25 things for buyers to pay attention to when looking at properties:
Location: The old adage "location, location, location" rings true. Consider proximity to work, public transportation, schools, shopping centers, and other amenities.
Neighbourhood: Assess the overall vibe, safety, future developments, and residents' reviews.
Home Size: Ensure the property meets your desired square footage and room count. Pictures can be deceiving…
Age of the Property: Older homes might have charm but could also require more maintenance or updates. Controversy, they are better built than newer homes and will last longer. Decide where your confortability lies. Personally, we love older homes and refuse to buy new. However, some people are the opposite!
Price: Stay within (or preferably under) your budget. Remember, the asking price isn’t always the final price – negotiate! Don’t be mortgage poor!
Property Taxes: Research local property tax rates as they can significantly influence monthly costs. Look at appeals and assessments and see if people have had success in the past. Beware communities who are implementing lots of local and public programs, your the one who foots the bill!
Future Resale Value: Consider how easy it will be to sell the home in the future. A professional Realtor will be a great source for this info!
Home Inspection: Always get a professional home inspection. It can reveal potential problems or needed repairs. Just because it’s bran new, does not mean it was built well. The new home owners warranty is deceiving… do your research and don’t rely on it. Get a home inspection no matter what!
Roof Condition: Replacement can be costly. Check its age and condition. Have a home inspector check wither just shingles have been replaced, or ply-wood too.
Foundation: Look for cracks or unevenness which might indicate issues. Also look for moisture stains.
Windows & Doors: Ensure they are in good condition, provide proper insulation, and operate smoothly. Depending on location and temperature, ensure they are sufficiently efficient.
Utilities: Check the age and condition of the heating and cooling systems, water heater, and electrical panel.
Plumbing: Watch out for low water pressure, rusty water, or leaks. Check for poly-b for insurance!
Energy Efficiency: Well-insulated homes with energy-efficient appliances will save you money in the long run. Check out out article on how much low efficiency appliances cost in a year!
Appliances: Check their age and condition. Will they need replacing soon? Do they have service records available?
Storage Space: Adequate closets, attics, and basements can be a boon, especially for growing families. Newer builds typically offer less storage, were as homes from the 70’s - 00’s had this in mind when being built.
Lot Size & Topography: Does the yard size fit your needs? Is it flat or sloping (what way)? Does it have mature plants for water absorption? Are they close to the house or an appropriate distance?
Local Schools: If you have or plan to have children, the quality of local schools will be essential.
HOA Fees & Restrictions: If the home is part of a homeowners association, be aware of monthly fees and any restrictions they impose.
Natural Lighting: Homes with ample natural lighting can enhance mood and reduce electricity bills.
Traffic & Noise Levels: Spend time in the neighbourhood at different times to gauge traffic patterns and noise. Is noise constant? Or only for short periods of time during the day?
Future Developments: Are there plans for nearby constructions that might affect your property's value or living experience?
Cell Reception & Internet Connectivity: In today's digital age, strong signals and fast internet are crucial.
Public Services: Proximity to hospitals, police stations, and fire stations can be a significant factor, especially in emergencies.
Personal Intuition: Lastly, trust your gut. Sometimes, a home can tick all the boxes but may not feel right.
In conclusion, while the home-buying process can seem daunting, paying attention to these 25 factors can help you make a well-informed decision. Remember, the right home is out there for you. With patience and diligence, you will find the perfect match for your needs and desires.
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📍 Vancouver Island Real Estate Co.
💃 Hailey Brontide ~ Realtor with Royal LePage Nanaimo Realty
📱 (647) 449 - 2679
✉️ vanisl.realestate@gmail.com
