Lynn's Blog

What to consider when buying a home

What to consider when buying a home

 There is a lot to consider when buying a home.

The two things most buyers consider first when buying a home are, choosing a neighborhood and the number of bedrooms.   Next in importance, after those considerations, should be resale considerations.

 What to consider when buying a homeWhen you are out shopping for homes, keep the following purchase and resale considerations in mind:

  • *When considering your needs you should look at, budget and personal tastes in deciding whether you want a home that's new, or a home that requires some work -- a "fixer-upper."
  • *If shopping for a condo it may make sense to spend a bit more and get a two bedroom unit.  One-bedroom condos are more difficult to resell than two-bedroom ones.
  • *Two bedroom homes are very difficult to sell and have very little appreciation potential...  Most people want at least three bedrooms in a home.
  • *Homes with "curb appeal" (a well-maintained, attractive, and charming view-from-the-street appearance) have good  resell potential
  • *As nice as it would be to own the nicest house on the street it is unwise to do so.  You would be protecting your investment more by purchasing a less expensive, more modest home on the street.
  • *Beware of purchasing a home that is very different or unique.  If resell is a consideration it would be better to buy a home that has a broader appeal.
  • *If you live in an area with many seniors consider purchasing a home with no stairs like a rancher.

There is a lot to consider when purchasing a home.  While house-hunting, it's a good idea to make notes about what you see because viewing several houses at a time can be confusing.

I would be happy to consult with you to determine what type of home may best suit your needs.

 

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