7 Factors to Consider When Looking for a New House
Are you planning on a move? It’s important to approach the task the right way. In order to get the best value, both financially and practically, you need to be aware of all the factors that go into this process. This includes what makes one house better than another. In this article, we’ll discuss some of the most important factors to consider when you’re house hunting so you can end up with the home of your dreams.
Size of the House
The size of your new home is an important consideration, particularly when you have children. You'll want a home that offers enough space for everyone to live comfortably. Too little space and you'll find yourself paying for storage. Also, consider how many bedrooms and bathrooms you need. In case all of your family members will be sharing a room, get enough storage space for all their belongings. And what about laundry? If each person has their own washer/dryer unit, ensure there is adequate space for them.
Location of the House
Perhaps more than any other aspect of looking for a new house, location is vital. The next house you move into will likely be with you for years to come, maybe even decades so it's important that it suits your needs as much as possible. If you have school-aged children, you’ll want a neighborhood that’s kid-friendly.
If commuting is important to you, think about how far away your new home should be from your workplace. And if safety is something that concerns you, look for areas with low crime rates and well-lit streets. Location can also impact property values and taxes.
Price of the House
When it comes to buying a home, there are so many factors that play into your final decision that the price is probably at or near the top of your list. But knowing how much you can afford and what it’s worth isn’t enough; you also need to make sure you have an acceptable mortgage payment and that you have enough cash left over for closing costs and other expenses. So, when looking for a new house, the price will be a giant factor to put into consideration. You also need to consider, is it cheaper to buy land and build a house?
When looking for a new house, most of us overlook the storage factor and put more focus on other factors. Storage is equally important to ensure your house looks tidy all the time. Ensure the house is well equipped with cabinets in all bedrooms, kitchens, and even bathrooms. And make sure the gas and water system works well.
In case the storage is not sufficient but you are already in love with your new house, you can install them. Get an expert to install a modern bathroom cabinet to enhance storage in your bathroom. Apply the same in the kitchen and bedrooms in case you feel the storage space is not enough.
The Duration of Your Stay
Are you only looking for a home for a few years before moving up in your career or are you planning on settling down and making your home permanent? How long do you really think it will take to sell your current home if you decide to purchase another one? These are just some of the questions you should be asking yourself when looking at new homes.
While they might seem like simple matters, ultimately they can make or break a deal. For example, it’s always wise to consider selling costs both short-term and long-term when deciding how much of a down payment is appropriate and how much the house cost.
Availability of Schools
Before you spend a dime on a new home, it’s a good idea to look at real estate data. Things like commute times and crime rates can impact your lifestyle and your budget. Search for neighborhoods where there are jobs nearby, as well as schools that match your child’s needs. If money is an issue, be sure to include factors like how much school lunches cost, since sending a kid with food allergies can cost a lot in snacks outside of school.
Are you a pet owner looking for a new house? If so, make sure to double-check that your future home is pet-friendly. Some landlords will restrict what kind of pets are allowed for example some don't allow large dogs. Some will even ask about the number of pets you have, so consider if you'll be able to bring your furry friend with you at all.
Other landlords might choose not to accept pets under any circumstances, especially in buildings managed by homeowner associations that have specific rules about what kinds of animals are allowed on their property. Be sure you understand your landlord's policy before moving in.
It is important to break the boredom of staying in one house for a longer time. Moving to a new house equally needs a few considerations to avoid landing in the wrong house and location. This post has highlighted some of the factors to consider when looking for a new house to make it your stepping stone.