Purchasing a new house is a daunting task. It often takes ages to find something suitable on the market, and once we find a property with potential, it’s easy to let our excitement blind us. Whether it be that you’ve found your dream bathroom or finally found the perfect-sized garden, you can’t let your first impressions rush you into making a decision.
With houses, there are sometimes problems lurking behind the appealing surface, some of which are deal breakers. Here are some key factors you should keep in mind when house hunting that will help you avoid buyer’s remorse.
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The old reliable saying, “Location, location, location,” persists for a reason – keep it in mind when searching for properties. Even the most captivating places can rapidly shift to grievous purchases when placed in an undesirable location.
When analyzing property locations, consider the proximity to work, schools, amenities, and the neighborhood’s overall safety; all of these will determine your quality of life in your new home. If you’re buying to sell, then look at the local housing market trends, the property market fluctuates massively, and if the market tanks, you could face a considerable loss.
Remember that you can still renovate or pick a different house, but you can never change the location.
Whether it be the charming fixer-upper that has character or the seemingly perfect new build, it’s essential to look out for any hidden structural issues. From foundation problems to roof damage and electrical issues, there are so many things which can turn a dream home into a money pit.
Before purchasing any property, first get a professional surveyor to look at the problems.
If they find anything significant, you could potentially get the price lowered. It is also a good idea to train your own eye and brush up on the basics.
Here is Roof Inspections 101: What Every Homeowner Should Know to help you get started.
Overly Ambitious DIY Projects
While a DIY project can add a personal touch when finished, be cautious when viewing houses with incomplete or poorly executed DIY renovations. A half-finished backyard or a haphazardly painted room might indicate the previous homeowner’s lack of expertise, but it could also account for a deeper problem or perhaps even an owner trying to hide a problem.
Before taking on a DIY project, ask yourself the following questions:
- Do I have enough knowledge to take on the project?
- Can I get the funding to complete the house?
- Have I got an external opinion on the state of the property?
Don’t let the thrill of house hunting take you away, in order to get your hands on the correct property, you’ll need to approach the process with caution and thorough research.
Look beyond appealing aesthetics and what’s in your heart to take advice from professional evaluations and avoid common pitfalls. These are the first steps in making a wise investment that brings you joy and peace of mind for years to come.
If you’re a first-time buyer, click here for more tips to make your first purchase a memorable one.