You’ve finally had enough with paying continuous rent and decided to buy your home. Well, it’s not as easy as going to the grocery and buying stuff obviously, and hence you may be worried about the entire process. You can shop for home and finalize a deal in no time if you plan and start ahead and pay attention to some very important points you need to focus on when buying a home. It is easy to get carried away when you look at the various homes, but make sure you buy one that fits your purpose. So here are some of those points.
You may have the most luxurious mansion but if it isn’t in the proper location, you will be in a fix. Consider the distance to your workplace, kids’ school, grocery store, hospital and other important places. If you have to drive about an hour to and from work in heavy traffic, you are surely going to hate it. So take your decision wisely. It also depends on the purpose of your house. If you plan to live full time, the above factors must be considered. If you are looking for a holiday home, then a remote area in the woods or on the beach would be ideal; to bring the peaceful bliss you expect.
Your realtor will show you beautiful mansions you cannot afford, simply to temp you. However, it is your duty to buy only what you can afford. Mention clearly your budget and inform them to take you only to houses within the range. It will save his time and yours too. They usually take you to houses which are slightly above your budget so that you feel you can afford that little increase in price. What you are forgetting is that there are other costs that need to be considered too. Bigger houses have higher maintenance costs, electricity and water expenses, legal costs etc. Keep all these in mind when comparing prices.
- Design and layout
You may prefer a certain style of home; a modern, vintage, mansion type or cottage. You can inform your realtor the style you want. Also, the layout is important. If you believe in Feng Shui in Singapore, then you may be concerned about how each room is located, how the furniture has been kept, which way the windows face etc. When you visit homes, pay attention to such details in the layout.
Consider your family size, future plans and activities. If you are planning on starting a family, buy a house with more rooms. If you have little kids, bigger floor space and backyard maybe vital so that they can run around and play. Also, if you frequently hold fun events, a backyard is essential. Look into the possibility of expansion. If you have more land space, you might be able to build a new nursery if necessary.