Buying a house is a big investment for anyone and therefore many precautions have to be taken before taking any decision during this process. You will have to give a considerable amount of your time, plan well in advance and be prepared to take all the stress while buying a house. To help you prepare for one of the most important milestones of your life, we have prepared a list of things that you need to consider while buying a house. So without any further ado, here are the seven things that you need to consider:
1. Check If the House Needs Any Repairs
When you are tight on budget, the houses that you will be shown by your real estate agent will not be the best among the lot. There might be many things that would be in danger of falling apart completely—like the roof for instance or a gaping hole on the floor. Repairs sometimes take up more money than the entire cost of the house. Therefore, consider all the cons and calculate if doing repairs will be a good choice—budget wise.
2. Home Inspection
There is a limitation on the things that you can crosscheck while buying a house. It is advisable to get your would be home inspected by a professional before signing on the dotted line. A home inspection will make you more aware about the physical condition of your house. There might be some problems like a termite infestation, a shaky foundation etc. that can’t be easily detected via your five senses and therefore it is always better to take help from a professional to get the best deal.
3. The Surrounding Area
If you think that you have found your dream house then look around and explore more. The surroundings of your building have equal importance and this is especially true if you are buying an apartment or house in an unknown area. For example, when you are looking for apartments in Istanbul, you need to be aware of the area the building is located to make an informed decision. Some of the questions that you need to ask are—is the area safe or is it prone to natural disasters like mudslides etc.
4. See beyond the Staging
Many home owners will decorate their homes with scented candles, strategically placed mirrors, low lighting etc. to hide the flaws and this is what you need to be careful about. See beyond than what you are being deliberately shown and try to visualize the house without all the decorations. This will help you get a more clear idea about the house you will eventually invest in.
5. Check the Plumbing
Ask questions about the plumbing when you visit any house for buying. The water pressure, pipes insulation, water leakage if any are some of things that you need to check beforehand because replacing or doing any major changes in plumbing will not only cost you a fortune but will also be a big waste of your time and energy. Therefore, check the pre existing conditions when it comes to plumbing and see if there are any repairs that need to be done here.
6. Storage Space
When you are governed by your budget and make all decisions regarding the same, storage space is a big problem. It is advisable to stretch your budget of you need an adequate storage are because it will be better in the long run. If the aforementioned is not an option for you then try coming up with imaginative ideas to utilize the existing storage space.
You should also check if there any damp spots in the house you are buying. Mouldy plasters, watermarked ceilings or flaky walls can be an indication of the same. When you do find damp areas, question the house owner because this can be a sign of a water leakage or faulty plumbing. See the condition of the roofs to determine if they are sturdy and devoid of any damaged area due to extreme weather conditions.
So the above were some ways in which you can make a more informed decision while buying a new house.