Do you believe in love at first sight? I do. I’ve seen it time and time again with home buyers. Someone will walk into a home, be completely bowled over by it’s granite counter tops or charming wrap-around porch and become blinded to any other possible defects it might have. Sometimes it works out and the home and homeowner go on to have a beautiful relationship for many years to come. Other times I have to be that nosy best friend who tells you hey, maybe you shouldn’t tie the knot to a home that can’t keep it’s roof up, or it’s foundation together. There are plenty of other homes in the proverbial sea!
Yes, buying a home can be as big of a decision as getting married and should be given the same weight. You don’t want to end up tied to an endless money pit or a home that you can’t resell when it comes time. Today we’ll go over some important things to consider in order to avoid an emotional buy.
Make your list
Once you’re pre-approved for an amount and know what you’re willing to spend, make a list of what is important to you in a home. You could divide this into a must-have section, would like to have, and a must not have section. When a home starts to sway you emotionally, check it with that list to see if it really does meet your needs or if it’s just playing with your heart.
Think about resale
Yes, you’re just now buying. You want to think about all the years you’ll enjoy in this house. But please think about how your home is going to appear to other potential buyers when you go to resell. Does the layout make sense? What surrounds your home? If you backup to a waste treatment plant, sit next to a highway or a hill that prohibits you from having a real backyard, people are going to notice.
Have a thorough inspection
Anyone who has met me, knows this is something I feel passionate about. Most people know to have a standard home inspection. I recommend going above and beyond the standard inspection procedures and get multiple inspectors involved (plumbing, electricians, etc.). If the proper steps are taken prior to move-in, property value can accurately be assessed and you have the advantage in knowing your investment in its entirety. You’ll also find out any details that could make you second guess your puppy love with a home and determine if it can be something lasting and smart.
Considering this advice will help you be a confident home buyer ready to commit to a solid relationship and ready to enjoy an extended honeymoon with your new home!
WandaFears, Realtor ABR CRS GRI WCR
Richmond, Va. Long and Foster Realtors