10 things to consider when purchasing a new home

Article Submitted By – Jerry Armen

Before you sink money into a new home there are so many things to consider. Here are ten of them.

Hire an inspector to uncover every issue the house has that needs attention. Better safe than sorry.

Find out any improvements that have been made on the house in the past, so you know the house’s history. It is a great way to gauge what repairs may be needed in the near future.

Is the over all house a fixer upper? Buy determining this, you will evaluate how much additional money it will take to make it livable.

Trek around the neighborhood and surrounding areas. Find the hospital, police station, train tracks, airport, fire station, schools, and parks. Do the schools have great track records or so-so?

Find the crime rates to know how safe it is to live there. Look at the specific types of crime, as well as the frequency.

List every single fee you can find out that you will have to pay. Keep track of them and stay conscious of them as you make your decision.

Check the tax records to find out the tax rates and how quickly they are rising.

Research the value of this property on the market. This will put you heads and shoulders above everyone else.

If you can take the time to receive a per-approval for a loan, you will be taken much more seriously. It will also help you discover what possibilities for finance are open for you.

Location is one of the most important factors of a home, which cannot easily be changed, and few even try. How close is it to your work, to your children’s schools, and how is traffic in and out.

Balancing all of these issues can seem overwhelming, but it is a great responsibility owning a home.