When buying a home make sure that the location works for you. Look at crime rates to determine if the neighborhood you are thinking of buying in appears to be safe, or if there are better options.
How is the commute to work for you at the house you are looking at? It may be your dream home, but if you are going to be spending hours a day driving to and from work will it really be worth it?
If you have kids what are the schools in the area like? Are they nearby? These are important questions that every parent should be asking.
What are the property values like in the area you are looking? Are they going up? If so at what rate? How is the house you are looking at priced? Is it above or below market value? If you can answer these questions you can help to prevent ending up upside down in a mortgage.
Features Are Important As Well
A home is an investment, and as such you should be looking to get the best value that you can. If you buy a home with more features, chances are that it will appreciate in value more so than a home that is more pedestrian.
Make Sure That Your Home Is In Good Working Order
One thing that anyone buying a home should invest in is a home inspector. A home inspector can tell you a lot about a home and help you to avoid costly repairs in the future. While they can’t catch everything, they can help to spot a lot of things that you may overlook. If a home inspector comes back with a bad report you can end up saving a lot of money. You can either use this report as a reason to not buy a home, or you can use it to negotiate with the seller. Maybe you can get the price lowered? Or maybe you can get them to pay for repairs.
A home warranty is a good investment as well. The last thing you want to deal with in your new home are costly repairs. While a home inspector can catch a lot of things, they aren’t perfect. A home warranty is a great way to protect yourself in the event that costly repairs become a necessity.