Buying a home is one of the most important decision you will make in your life. The economic value of an investment of this type is such that if we miss our employment situation or worse, we could have consequences for our finances. For this reason, we will look at some factors to consider before buying a house.
Proper budgeting. Analyze all the possible expenses in detail and be proactive to avoid shocks in the future: job security, salary, mortgage payment, interest rate, etc.
Stable financial status. The times of financing 100% (including 120%) have already passed. To buy a home today is necessary to have savings. You should not be less than 30% of the sales price of the property (tax included).
Advise the possibility of rent to own. The monthly rent is deducted from the selling price of the house, reducing future mortgage as well as their corresponding interests.
Dormitories in the central area are not always a good choice. Many people flee from urban centers in search of more attractive prices and square meters. However, this is not always a wise decision. If transport costs soar, in the long term, what you saved in mortgage, we spend on public or private transport. Also, living too far away from the workplace can adversely affect our quality of life.
Do your research. Before buying, it is recommended to do a thorough analysis of the market: local real estate, national real estate, bank websites, real estate fairs.There is no hurry to buy; there will always be houses for sale. Getting the assistance of title services in Jacksonville, FL is recommended as well.
Other factors: When purchasing a property is important to take into account several aspects that will determine the real value of the property and help you save a considerable sum of money and inconvenience in the future. Some of the points that you should not lose sight of to avoid surprises and that can represent an extra cash outlay are:
Maintenance.Starting with the façade, be it home or apartment, it is essential that it is in excellent condition and looks impeccable. Make sure that there is no basic plumbing problems, and the pipes are in good shape, the water should flow without any obstacles and with adequate pressure. The electrical system should not have high costs, make sure there is short and that the power sockets and the dampers work correctly. Check the excellent condition of the tank, pipes, and valves of the gas installation to avoid leaks. Take special care that there are no holes or cracks in the walls, however small they may be, they should be smooth. If the property has a ventilation system, make sure that it has an excellent performance and asks each when to carry out its maintenance. Another important item on your list, in case of being house or penthouse, should be the roof as it does not have to present leaks and must be well waterproofed.
Property Orientation. The orientation affects the natural illumination, views, and temperature that will have the property and influences in the adjustments that will have to realize eventually. When visiting the property you can only immediately see the views, whether good or bad, but not the temperature that different areas take during the day and night or the intensity or lack of light in the spaces, which can react positively or negatively affect your comfort. For example, a good orientation can save up to 60% in the light receiving the maximum use of sunlight while a bad view can cause you discomfort and waste of space.
Location. Make sure the location of your new home plays in your favor, analyze the quality of access and communication channels as well as the availability of essential services according to your needs: supermarkets, parks, shopping plazas, nurseries, pharmacies, etc. Remember to tour the area and its surroundings both day and night.
Neighbors. A good relationship with your neighbors can guarantee security, tranquility, and community. Come and ask the people who live around the property you want to buy about your neighbors, the security of the area, recent incidents and changes. You can get valuable information to help you make a decision.
Remember that acquiring your new home or apartment is an important decision, the more information you collect, the easier it will be for you to make a smart decision and consequently make a good investment.