5 THINGS YOU MUST CHECK BEFORE BUYING PROPERTY
Buying a real estate property is challenging. For some, the whole process turned out to be a long and tedious task. Yes, it actually is challenging. But, searching for the perfect real estate property doesn’t have to scare or frighten you.
Let’s make your real estate property buying process a smooth and hassle-free business by following the five things you must check before buying a property.
1. Location of the real estate property
As a buyer, one of the primary features you need to check is the location of the real estate property. It should be accessible and located near the majority of places you and your family frequently visit such as work, place of worship, school, recreation, shopping, and friends or family.
Moreover, you need to look for a real estate property that has easy access to the main roads. Basically, a property is a little more expensive if it is located right beside the main road but the extra cash is totally worth it. Aside from being located near the road, make sure to check the traffic flow in the area as it will save you from the hassle.
2. Size of the real estate property
Some buyers need a full-blown mansion-type of a property while others just want a two-bedroom property enough to house up to four people. The size of the real estate properties varies and it’s important that it matches your preference. Whether you want a big property or a small one, make sure that it suits what you prefer.
Aside from the size of the house itself, it also helps to check the size of the lot. Yes, you read that right. Most property buyers set aside the importance of checking the lot size because they focus too much on the house or establishment itself. As a buyer, ask the property seller or their agent to lay down the documents regarding the lot so you’ll have a concrete idea of how big or small it is.
3. Purchase price and your budget
How much are you willing to shell for the real estate property you’ve chosen? Knowing how much is your budget is vital in choosing a real estate property. Let’s just say that even the agent who will help you find that dream real estate property needs to know your budget.
Let’s face it! One of the most important factors considered in searching for a property is the buyer’s budget. Thus, you need to be transparent with how much you have prepared for the property.
4. Age of the real estate property
Another factor usually set aside by many real estate buyers is the age of the property. Yes, it looks good on the outside. The exteriors and interiors look freshly painted. Everything looks as lovely as you imagined your dream house would be. However, it’s easier to have the property repaired these days. That’s the main reason why you need to determine the exact age of the property or the establishment itself.
A house inspection can reveal the age of the property that may affect certain features such as the electric lines, plumbing, and the heating system.
5. Overall condition of the real estate property
Just like what was mentioned, the house may look good by seeing its exterior and interior but the electric lines, plumbing, and the heating system are no longer functioning as it should. Thus, before investing in your chosen property, make sure that it was properly checked by the seller, your agent or you.
The goal is to have a hassle-free and smooth property buying transaction. For sure, you don’t want to deal with leaking faucets or failing electricity because you didn’t sign up for it.
Final Thoughts
Buying a property doesn’t have to be a stressful process. By ensuring that you checked the features we shared, it will be a fun and exciting experience. In no time, you and your family can move to a house you’ve been dreaming of and start to live a happier life in a new environment.
Author Bio:
Kerry Brooks is an avid blogger who loves to share tips on home improvement, photography and budget traveling. She is currently working with 2ndChanceInvestmentGroup, one of the top realtors, who are dedicated to helping individuals who need to sell their homes quickly.
