Location, Location, LOCATION!
When relocating, or simply moving
from one end of town to the other, location is crucial. The area your potential
new home is in, largely determines the value of the home. Are the neighborhood
homes comparable in value? Do not buy the biggest house on the block if you are
looking to invest wisely, go for the fixer-upper if you are looking for
financial gain. The biggest house on the block will usually re-sell for the
amount of the lower priced neighborhood homes, but the fixer-upper, (after
being fixed up), will yield the higher price compared to your initial
investment.
Did you meet the next-door
neighbors? If they are nice, quiet, and friendly during the day, drive by a few
times at night before you buy, and see if those same neighbors are not turning
into unruly noisy party animals.
Check out the school district, as
well as transportation, if you have children.
How convenient is the home to your
work, grocery store, or hospital? Are there airports of train rails nearby? If
so, keep the potential noise level in mind. If a price sounds to good to be
true, it usually is. There is always a reason for a low selling price or an
over eager seller. Turn into Sherlock Holmes and investigate!
Go by the home you planning of
purchasing after a strong rain, or snow melt, to examine what the ground
conditions around the home are like. A yard that looks great and problem free
during dry periods can quickly turn into a small pond, or regular swamp, over
night.
Is there an Orchard nearby? You
might love the beauty of those trees, especially when in bloom, but keep in
mind the likelihood of insecticides being sprayed. This could mean years of
suffering for individuals who are more sensitive, or even allergic, to those
chemicals and toxins.
For all these, and many more,
reasons, it is vitally important to consult with a reliable, reputable, and
honest real-estate agent. See my link on the importance of choosing a good
agent.