If your family plans to invest in a new home this year; you’ll need to make sure you leave no stone unturned during your search. There are lots of things that could go wrong, and plenty of people make mistakes along the way. You’ll want to avoid overlooking the issues mentioned on this page as much as possible if you want a smooth purchase. Failure to that heed could mean you end up living in a house that is not fit for purpose. That could mean your family might have to move again within the next twelve months, and nobody wants that to happen. Relocating once each year is more than enough for even the most mobile people out there. So, let’s get down to business!
Not choosing the right location
The location of your new home is everything, and so you need to make sure you only look for properties in the most desirable areas. Use your budget and list of requirements to identifies the best towns and cities in the country for your needs. You can then contact real estate agents in those areas and ask about the available properties on the market at the moment. The last thing you want to do is move into an unsuitable area just because you managed to achieve a decent deal on the property. Money isn’t everything, and you’ll want to make sure your kids can walk the streets at night without concern. That leads us on to the next mistake you definitely won’t want to make.
Not checking school league tables and crime rates
All parents will want their children to get the best education possible. That is the only want to ensure they stand a reasonable chance of getting a decent job when they leave college. Thankfully, the government publishes school league tables and results online these days. So, you just need to conduct some research to sort the wheat from the chaff and ensure there are excellent educational opportunities in the local area. The same goes for crime rates. Nobody wants to move to a town where crimes happen every single day. Again, you can find all the information you might require online. Just check local authority and law enforcement websites.
Not paying for structural assessments
You might purchase a house that looks perfect this year, only to discover that it begins to sink and destabilize less than twelve months later. Many different structural issues can result in subsidence and mold. For that reason, it’s essential that you pay for a building assessment by professionals before you sign on the dotted line. Buying a home that is going to need thousands of dollars worth of repairs within the first five years is never a sensible move. Most people make profits from their home sales, but you might end up making a loss if you overlook those crucial checks. Make sure you never sign anything until professionals tell you it’s okay to do so.
Not checking for bug infestations and animals
Many people have to call bug removal experts in the US every year because their homes become infested with cockroaches and other unwanted creatures. If you’re buying a new house during the next couple of months, it’s wise to check for infestations ahead of time. Also, you might discover that some animals live in the basement or attic. Skunks are expert diggers, and their smell can often make people think they have a sewage leak. Your kids won’t want to live on a property with a skunk or squirrel issue, and so you need to check carefully before spending your hard-earned money. Thankfully, there are many professionals out there who can remove animals and bugs for a small fee. However, you’ll want the seller to cover the cost.
Not considering your commute to the office
Some people end up in an unsuitable home because they fail to calculate how long it will take them to get to work each morning. Sure, you won’t mind driving for an hour and a half every now and again, but that is going to become annoying fast. Unless dealing with a long commute means you can live in your dream home, it’s sensible to stay within a reasonable distance of the office. Again, you might become frustrated after a couple of months if you have to spend a significant part of your day stuck in traffic. So, you would either have to relocate again or live a stressful existence. Neither of those options should seem particularly appealing to most people.
Not staying within your family’s budget
Overspending on your new home is the worst thing you can do. You might struggle to put food on the table, and you might place your family near to the poverty line. If you lose your job or something similar, there is a decent chance that you will struggle to pay the bills much sooner than most other people. So, it’s vital that you work out how much you can afford to spend on the new house, and then keep at least 5% of that money in your savings account. That should help to provide your family with a financial cushion that will prevent you from hitting rock bottom when you face emergencies. There are mortgage calculators online that should help you to work out how much you can spend. Use them!
If you manage to avoid all the home-buying mistakes mentioned in this article; your family shouldn’t face too many stumbling blocks this year. Just bear the advice from this post in mind, and start the ball rolling whenever you’re ready. Moving house during the summer months is usually preferable because you won’t have to worry about the wind and rain. However, prices will often inflate at that time of the year, and so you need to weigh your options and strike a healthy balance. Wherever you decide to move in the country, avoiding the mistakes this post highlights is the key to success. See you back here soon!