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Saturday, 7 January 2012
Factors To Consider When Buying A Home.
Buying a home is a huge decision and a huge task. It is a very time and cash consuming task.
To make sure your time and cash spent is worth it, there are some factors to consider when
buying a home. Here are some of them-
LOCATION- This is the most important factor to consider when looking for a home to buy. You have to check if the property is close to a water body [canal, river ,lake] , if it is close to a busy road? Depending on what location you like, you can chose your home based on the location. Some people avoid houses located close to a water body while some people go for homes close to a water body. Is a case of different strokes for different folks.
SIZE- When it comes to buying a home size matters. You will have to check the size of your family, is your family still growing?, is there a possibility it might increase in some years to come? With these questions on your mind you can easily decide on the size of the home that will be suitable for you.
AREA / PLACE- When you are done with checking size and location another important factor to consider when buying a home is to check the area or place where the intended home. Find out through your local authorities or land surveyor if the area you intend to buy a home is easily flooded, if the home is situated on a downhill or uphill . Consider if its an area /place that experience lots of rain or lots of sunshine. Also check if the area/place has any stigma attached to it like regularly burgled area or very peaceful and quiet area.
COST /MORTGAGE - Before you embark on buying a home, you must surely have a budget and have already decided your method of payment. Whether its a down payment [almost impossible these days] or going to pay via mortgage. Check if you can afford it.
CONDITION OF THE BUILDING - Another important factor is to check the condition of the home you want to buy. Is the building in a good condition? Check the roofing to make sure its not leaking, the stairs are still intact and not fallen apart, the paintings are not peeling and the general cleanliness of the building.
There are so many factors to consider when buying a home, But these i think are the most important.
Am participating in a blogger campaign sponsored by bucks2blog for St Louis Open Houses and was compensated. However all opinion are purely mine.