Home Buying Tips | CENTURY 21

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How to Choose the Right Neighborhood

 

Location, location, location — goes the saying about what’s important in real estate.

Most home buyers start by looking for a suitable area. The following tips will help you find a neighborhood that feels like

home.

Priorities

Set priorities about things that matter most to you and your family:

  • Is safety a prime concern?
  • Are you looking for vibrant nightlife?
  • Do you need to live close to work?


The best purchase is usually a trade-off among several desirable elements.

Factors

These factors will help to illuminate a neighborhood’s style:

  • Are there good local schools? Whether or not you have children, good schools increase property values.
  • Is the area close to services such as hospitals, public transportation, shopping, parks, and recreational and cultural sites?
  • How safe is it? Check with local police, and look in the newspaper for crime-watch statistics.
  • Are people outside their homes, working in their yards or walking their dogs? Neighbors who interact with one another create a safer and more pleasant environment.
  • Is the area popular? Ask your Realtor, and check the number of “for sale” and “sold” signs.
  • What is the neighborhood’s price range? Have average property values gone up, gone down or stayed the same? Areas about to become trendy are often found on the fringes of highly desirable locations.

Is there vacant space nearby? What kind of development is planned for it?

Guidance

Real estate agents are a valuable source of inside information about how to distinguish two neighborhoods that seem alike. Contact me for the latest information about neighborhoods.

How to Benefit from a Home Inspection

Buyers are often tempted to cut corners on things like home inspections to save money for fun items like furniture or a big-screen television. Don’t! A home inspection is one of the best investments you can make when purchasing a new home or other real estate.

Learn how to use a home inspection to your advantage with these pointers.

Plan and Prepare

Think of a home inspection as a fact-finding mission. Having a complete home inspection performed is one step toward finding out everything there is to know about the property.

Go beyond the basics by having water, soil, electrical, HVAC, pest and other systems thoroughly tested in addition to the regular home inspection. Hidden home defects often become apparent, including poorly performed repairs, forgotten faults, structural damage or other potential pitfalls, that could transform your dream home into a nightmare.

Avoid higher insurance premiums or more stringent mortgage terms by understanding the full history of the property. 

Save Money

Almost every property has a few defects – even new homes – and buyers are often surprised how seemingly insignificant items can add hundreds or even thousands of dollars to the price of a home. Having an independent inspection performed often saves more money than it costs, since the sellers are forced to fix the problem or negotiate the price based upon the new information. Remember, once a defect is known the sellers are legally bound to disclose it to all prospective buyers.

Negotiate

Motivated sellers may not have the time or interest to fix all the problems on a property.

If you have more time than money, a home inspection provides a strong rationale to lower the purchase price or work out other alternatives while the home is being repaired or renovated.


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CENTURY 21 Alliance Group

Valparaiso, IN   -  219.462.2090