Things To Do Before Buying a Home

1. Real Estate Pros Want You to Do These Things before Buying Homes “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” -​Franklin D. Roosevelt The above-mentioned quote clearly shows that real estate is the safest investment and you need to have a common sense to manage the invested property. These days, more Americans are showing their interest in real estate investment. Buying a home is a big decision and an investment as well. All home buying enthusiasts are not smart enough to make a balanced decision and invest in the right property. Although there are real estate sites that boast of real estate investment advice, yet you still need to have someone experienced who can put weight behind you. It is quite clear that home sellers prefer to sell home fast at a hefty price tag and buyers prefer to have a property with fast returns. So, where is the deal?

2. Top realtors​ in all parts of United States are ready to help home buyers put their money in the best and safest real estate projects. But, ignoring the advice of top realtors can make buyers get less and pay more. Professional real estate agents want you to have a close look at the following fives issues to ensure that you are going in the right direction. Know what you want in real As a property investor, what would you like to have a home, a flat, or a condo? Still undecided!!! A large number of first time home buyers pass through this strange situation as they can’t make up their mind. If you know all pros and cons of a condo versus home versus flat, you are likely to go in the right direction. Here, buyers need to put their attention on the factors of space restrictions, a change in fees, home maintenance, lifestyle, neighborhood, etc. First, work on your priority and actual needs as it will help you know what you want really in the realty industry. Get your finances in a right shape Money is always a big factor as it directly or indirectly affects home buying decision of a home buyer. If you are ready to buy a home, again evaluate your ability to purchase and afford. Getting ready to make a down payment is not enough to make things happen in your favor. You also need to get your finances in the right shape as it will allow you to qualify for a mortgage and payback with the lowest rates. Top real estate brokers suggest buyers pay their bills on time, improve their credit score, and don’t make any credit mistakes. If homeownership cost is greater than your existing rent, then make an affordable budget. Ensure all renovations are up to code It is likely that the property you are going to purchase is renovated by homeowners without owning a permit from the concerned authority. Here, no permit stands for the renovation work not approved or reviewed by an inspector. If this is the case, you will have to face unseen challenges in near future. Even, the home seller will not disclose this secret for three reasons: ● Homeowners have to pay more money in taxes for obtaining a permit. The renovation will access the home value.

3. ● Getting permits is costly as homeowners pay for permits for electrical, plumbing, and building inspection. Many owners avoid permits to get rid of taxes and fees. ● Some homeowners feel getting permits for work is an extra burden. Buy less house than you can afford When you start calculating down payments and installments on the basis of​​​your current income and debts, many online calculators tell you more about affordability. Try your best to have a house that is less than the figures shown by your calculator as it will help you manage your finances. Consider different payment options and check out what suits you the best. Always go for a plan that you can afford with your minimum salary. The best real estate agents in the USA suggest you a thorough look at your existence financial status and opt for financial assistance without adding any burden to your pockets. Your next home is suffered from asbestos, mold, and radon? Most of the home buyers have no idea that the cost of repairs and renovations of their new home can shoot up if asbestos is used in the home as a major building material. If the home you are buying has the presence of asbestos, it will increase renovation costs and drive down the resale value. Without a doubt, molds cause health problems. If any member of the home has respiratory problems, the incidence of mold in that home can deteriorate health and increase health costs. Also, check if mold remediation is done properly. Presence of invisible, odorless radon gas in the air and the water can be harmful to all members of the house. On the other hand, getting rid of mold from water is highly expensive. Home buying enthusiasts need to find a local ​real estate agent in USA​ to understand all pros and cons of a property they are about to purchase. A professional and experienced agent can help you save more on buying a new home with the lowest investment. Source: https://www.linkedin.com/pulse/real-estate-pros-want-you-do-things-before-buyi ng-homes-fast-expert/