Cody Rohland's Blog
When choosing a house or condo to live in for the next several years, comfort, convenience, and affordability are among the most important factors to keep in mind. A fourth item that many real estate agents would add to that list is "location."
The location of your next home is crucial for many reasons -- not the least of which is future resale value. Ideally, you want the value of your home to appreciate over time, which will help improve your financial situation. Whether you decide to upgrade or downsize in your next real estate purchase, the equity you've built up can benefit both your lifestyle goals and real estate objectives.
In addition to the investment features of picking a good location for your next home, there are also several other worthwhile advantages.
- A reasonable commute time, preferable under a half an hour, will help reduce your stress level, enable you to spend more time with your family, and reduce the amount of wear and tear on your vehicle. A short commute can also help you save money on gas, highway tolls, depreciation, and insurance. One way to reduce your driving time is to look into telecommuting possibilities at your job. Even if you have a relatively long commute to work, that can be offset by having the freedom to work from home a couple days a week. Fortunately, more and more businesses are realizing the mutual benefits of allowing or even encouraging telecommuting. While it may be necessary to prove to your employer that your productivity won't suffer when you're working from home, doing so can save you money, lower your stress, and improve your overall quality of life. Let's face it: There are a lot more fulfilling things you can do with your time than getting stuck in traffic jams and feeling frazzled when you return home every night!
- A convenient location can also mean proximity to shopping, entertainment, recreation, family, friends, and places of worship. Being close to medical, dental, and veterinary services can also make your life a lot easier -- especially when you need to get there quickly.
- From a health and fitness standpoint, it also pays to live within a short distance to public parks, tennis courts, golf courses, bike paths, gyms, and bodies of water for swimming, kayaking, and other aquatic sports.
- For younger families, being close to childcare resources -- whether it be a daycare center or nearby (and available) relative -- can also be a major factor in getting to work on time, making sure your children are properly cared for, and minimizing chaos in your life!
If you plan to buy a home in the near future, there is no harm in attending an open house. However, for those who want to get the most out of an open house, it helps to plan ahead as much as possible.
Now, let's take a look at three tips to help you get ready to attend an open house.
1. Review the Home Listing
Although you may have already reviewed a home listing, it may be a good idea to take a second look at it. That way, you can double-check to ensure that a residence matches your expectations prior to attending an open house.
As you review a home listing, think about your short- and long-term plans too. If you believe a home corresponds with these plans, now may be the right time to check out this residence in-person.
2. Examine Your Homebuying Budget
When it comes to preparing to attend an open house, it may be beneficial to assess your homebuying budget. By doing so, you can ensure a residence falls within your price range.
Oftentimes, it helps to get pre-approved for a mortgage before you launch a home search. If you have a mortgage at your disposal, you'll know exactly how much you can spend on a home. And as a result, you can set up home showings and attend open houses for residences that match your budget.
3. Prepare a List of Questions
An open house provides an opportunity to walk around a residence and decide whether it is right for you. It also enables you to receive comprehensive insights into a home. Thus, you should put together a list of questions to ask during an open house.
Remember, there is no such thing as a "bad" question, especially if you're on the fence about buying a particular home. And if you enter an open house with a list of questions in hand, you'll be better equipped than ever before to determine whether to submit an offer to purchase.
Lastly, as you prepare to pursue your dream home, you may want to hire a real estate agent as well. Because if you have a real estate agent at your side, you can obtain expert guidance throughout the property buying journey.
A real estate agent can help you prepare for any open house, at any time. He or she first will meet with you, discuss your homebuying options and help you map out a homebuying strategy. Next, a real estate agent will set up home showings and keep you informed about open house events for residences in your preferred cities and towns. And if you discover your dream home, a real estate agent will help you craft a competitive offer to purchase.
For those who want to take the guesswork out of buying a home, it helps to work with a real estate agent. Contact a local real estate agent today, and you can receive plenty of assistance as you search for your ideal residence.
Whether you're looking for the house of your dreams or the spouse of your dreams, it helps to write up a detailed description of the qualities that matter most to you!
While your goals should be realistic and attainable, you do not want to compromise your standards or aim too low.
In the case of house hunting, there are many conditions which will directly affect the success of your search.
Here are some of the main ones.
- Your budget: All things being equal -- the higher your budget, the greater your chances for getting everything on your wish list. The most desirable locations, lot size, amenities, and square footage often come with a price. The same can be said of homes that are in optimal condition with lots of recent updates, improvements, and energy efficient or high-tech features.
- The real estate market: Three factors which will invariably affect the outcome of your real estate search will be the local real estate inventory (the number of properties available -- especially those in your price range), the law of supply and demand, and property values in your chosen geographic area.
- Your real estate agent: Choosing a real estate agent who's experienced, resourceful, and dedicated can prove to be a significant advantage in finding a home that matches your budget, your goals, and your desired lifestyle. Once you've decided what you want in your next home, an agent or Realtor can show you houses on the market that will meet many, if not all, of your requirements.
- Your wish list: Creating a list of property features and characteristics that you absolutely must have in your next home will help ensure that you get them. A carefully thought-out "wish list" is also a vital aspect of your search for the perfect or "near perfect" home. By creating a clear mental picture of your ideal living space, location, and environment, you'll be increasing your chances of finding a home that meets all your expectations. There are literally dozens of features to keep in mind, including architectural style, square footage, the number of bedrooms and bathrooms, the size of the lot, distance from the street, privacy, the spaciousness of the kitchen, and the layout of adjacent living areas. If you plan on doing a lot of entertaining, for example, you might prefer an open floor plan. Features like a screened-in porch, a patio, and a large backyard are often major wish-list items for homeowners who enjoy outdoor living. Other items to consider may include things like a fireplace, a finished basement, a convenient laundry room, and a two-car garage. Proximity to stores, quality schools, medical/dental services, and recreation areas will also be key factors in the selection of your future home.
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