Danny Resendes' Blog
Let's face it – buying a home can be difficult, particularly for those who are exploring the real estate market for the first time.
As a homebuyer, it is your responsibility to learn about the ins and outs of the housing market. By doing so, you can understand what differentiates a high-quality house from a subpar residence and proceed accordingly.
Furthermore, an informed homebuyer will know how to evaluate a home's exterior properly.
What does it take to conduct an in-depth assessment of a house's exterior? Here are three questions that every homebuyer should consider as he or she examines a home's exterior.
1. How do I feel about a home's exterior?
For many homebuyers, finding a house with an awe-inspiring exterior is a top priority. However, it is important to consider how you feel when you see a home's exterior for the first time.
A home's exterior should impress. At the same time, you need to evaluate a house's exterior in conjunction with other home features.
For example, a home may boast a massive kitchen and other dazzling interior features. On the other hand, a home's exterior may leave much to be desired.
Consider the pros and cons of a home's interior and exterior as you determine whether to submit an offer on a house. And if you need extra help along the way, be sure to consult with a real estate agent.
2. Will home exterior repairs be needed in the near future?
Examine a house's driveway, walkways and lawn as you conduct a home exterior evaluation. This will allow you to review the condition of these home exterior areas and determine whether repairs may be needed sooner rather than later.
Home exterior renovations sometimes can be costly and time-intensive. Thus, if you notice home siding that is cracked or other exterior issues, you will want to consider the time and expenses that may be required to fix such problems.
3. How much time will I need to commit to home exterior maintenance projects?
A home may have a beautiful exterior. In order to keep a house's exterior looking great, you'll need to conduct regular maintenance.
Consider what you will need to do to maintain a house's dazzling exterior as you explore all of the options at your disposal.
Will you need to hire a landscaping company to mow the lawn and trim the hedges? Or, are you willing to commit the time and resources necessary to perform assorted home exterior maintenance tasks on your own? These are just a few of the home exterior maintenance questions to consider as you review a property.
Of course, if you need guidance during the homebuying process, real estate agents are available to provide expert assistance.
A real estate agent possesses comprehensive housing market knowledge and can offer real estate insights that you may struggle to obtain elsewhere. With a real estate agent at your side, you should have no trouble examining a house – both inside and out – and making an informed homebuying decision.
It is necessary to ask some crucial questions from the seller of your new home. No house is 100% perfect for you at the point of sale. You must, therefore, seek to learn whatever issues the house may have so that you can appropriately weigh your options before deciding to buy and be adequately prepared to handle them if you choose to buy it. While some sellers may volunteer that information, it is not incorrect to assume that most will not, hence the need to ask these questions:
- Is the house or neighborhood flood-prone? Issues like flooding, water pipe-burst, or water poisoning sometimes never go away permanently. So, it is best you are aware ahead of time. Some neighborhoods are more prone to flooding during raining season and knowing these details might be crucial to your convenient stay. Knowledge of previous occurrences will help you keep an eye out for repeat situations so that you can address them early enough.
- When was the house roofed and how does the material age? Older portions of the structure such as the roof may be quite expensive to replace. On the average, an asphalt roof may last as long as 10 to 15 years before needing repairs or replacement, so factor in the age of the roof before you decide to make your offer to the buyer. Find out about the material used to make the roof too, as some are more expensive than others when it comes to replacement. You should also ask for documentation about repair work done on any part of the house, so you have it for future references.
- How is sewage disposed of in the building? Does the house have a septic tank or is it connected to the local sewage system? You need to be aware of that. A home with a private septic tank needs to be pumped out averagely every 4 to 5 years, so knowing the last time they had it pumped will give you an idea of when you might need to pump it again after you move in.
- How does the neighborhood look? Buyers sometimes assume that they are only interested in the property since they will be paying for just the house, however, you are buying more than that. You are obtaining the value of the neighborhood too. So you should ask questions about the type of community it is. Do drugs and gangs overrun it? Is the public school system good enough for your kids? Is it too close to the freeway?
Seeking answers to each of these questions will help you to make informed decisions when buying a house.
With 24 hours before you finalize your home purchase, you might feel a mix of anxiety and excitement.
What will it be like to finally own a home? How will the home closing process go? And what will I need to do to ensure everything goes seamlessly as you wrap up your home purchase? These are just some of the common questions that homebuyers consider in the hours leading up to a home closing.
It is important to prepare as much as possible before you complete a home purchase. Lucky for you, we're here to help you do just that.
Let's take a look at three tips that you can use to get ready to finish a home purchase.
1. Get Your Paperwork in Order
You may need multiple forms of identification and other essential documents when you close on a home. Thus, you should put together a folder of any must-have documents at least a day in advance.
If you find that documents are missing, retrieve them as quickly as possible. Also, try to get multiple copies of important documents if you can.
When it comes to getting ready for a home closing, it usually is better to over-prepare. Therefore, if you plan ahead as much as you can, you'll have all of the documents you need to complete the home closing process without delay.
2. Finish Any Last-Minute Packing
After you finalize a home purchase, you'll be ready to move in to your new home. As such, you should ensure that all of your belongings are packed up and ready to go.
If you're vacating an apartment, ensure that you've notified your landlord and provided sufficient notice about your upcoming move. That way, you'll be able to finish your rental agreement on good terms with your landlord.
Also, if you need extra help for your move, be sure to reach out to a moving company or family members and friends. And if you require a moving truck, don't forget to rent one in the days leading up to your move.
3. Consult with Your Real Estate Agent
The day before a home closing can be stressful, particularly for first-time homebuyers. If you have any concerns about the home closing process, be sure to consult with your real estate agent.
Your real estate agent likely has been a life-saver throughout the homebuying process thus far and will continue to assist you in any way possible. If you have questions about the home closing cycle, your real estate agent will respond to your queries immediately.
In addition, your real estate agent can teach you the ins and outs about what will happen before, during and after a home closing. He or she will explain what to look for during a final home walk-through, what home closing forms that you'll need to sign and what to expect after a home purchase.
Streamline the home closing process – use these tips, and you can get take the guesswork out of finalizing a home purchase.
Purchasing a home is a life-changing decision, and as such, should not be taken lightly. Fortunately, there are lots of things you can do to prepare for the homebuying journey, such as:
1. Determine Where You Want to Live
There is no shortage of high-quality houses available across the United States. Now, you just need to determine where you want to reside, and you can hone your house search accordingly.
Think about your long-term plans as you consider where you want to live. For instance, if you enjoy life in the big city, you may want to search for houses in or near the city of your choice. On the other hand, if you want to start a family in the near future, you may want to explore residences near parks and other family-friendly attractions.
Ultimately, it helps to narrow your home search to a few cities and towns. Because if you know where you want to live, you can quickly navigate the homebuying journey.
2. Establish a Budget
A budget is a must-have for any homebuyer, at any time. If you know how much you can spend on a house, you can search for residences that fall within your price range.
Oftentimes, it helps to meet with banks and credit unions before you launch a home search. These financial institutions can teach you about different types of mortgages. Then, you can select a mortgage that suits you perfectly.
Don't forget about home inspection, closing and other property buying fees, either. If you account for these property buying costs, you can ensure you have the necessary funds available to cover them.
3. Consult with a Real Estate Agent
A real estate agent is a difference-maker for a homebuyer. He or she is happy to teach a homebuyer about the ins and outs of the real estate market. As a result, a real estate agent will help you become a homebuying expert.
Typically, a real estate agent offers recommendations and insights throughout the homebuying journey. He or she first will learn about you and help you establish homebuying expectations. Next, a real estate agent will help you kick off a search for homes in your preferred cities and towns. When you find your dream residence, a real estate agent will help you craft a competitive offer to purchase this home. And if your offer to purchase is approved, a real estate agent will help you navigate the final stages of the homebuying journey.
Furthermore, a real estate agent can provide assistance any time a homebuyer has concerns or questions. A real estate agent strives to help you make informed homebuying decisions. Thus, he or she will do whatever it takes to educate you about the homebuying cycle and ensure you are ready to find and buy your ideal residence.
Simplify the process of finding your dream home – use the aforementioned tips, and you can prep for the homebuying journey.
Although you may be tempted to spontaneously make an offer on a house that triggers happy memories of your childhood, it's usually best to approach house buying in a methodical, dispassionate way.
Your emotions will come into play as you visit different listings, but they should be tempered by a realistic budget, a list of personal requirements, and a sprinkling of "wish list" items -- ones that will help make your new home extra special!
A lot will depend on whether you're a first-time home buyer or a seasoned home owner. In all likelihood, the more houses you've owned, the higher your expectations will be. That's certainly not a hard-and-fast rule, but it does lend itself to reason. As is the case with most things in life, experience tends to clarify our needs, our tolerances, our quality standards, and our lifestyle preferences.
Buying a home is a huge decision for two reasons: It not only impacts our financial situation (both immediate and long term), but it effects our quality of life for the foreseeable future. So, similar to the institution of marriage, buying a house is a commitment that should not be taken lightly!
Fortunately, there are several effective ways to help ensure that the home you buy will live up to your expectations. One of the most steadfast "anchors" you can have in your search for the ideal home is a seasoned real estate agent. They have the training, knowledge, and communication skills to help you find the house, the right property, and the optimal location that will best suit your needs.
Your agent will work closely with you to create a list of house hunting requirements and preferences. Although the location, school district, and number of bedrooms will probably have a major bearing on your decision, there are literally dozens of other features and characteristics that will influence your final choice. Among those will be square footage, number of bathrooms, and the property's tax rate.
Standard checklists that include a wide range of home buyer requirements are available online and through your real estate agent. These checklists will help you rank each house you visit and objectively compare the homes you like the best. While flexibility is a necessary part of a successful house-hunting campaign, there will invariably be items you won't want to compromise on.
By deciding in advance what your new home should include, you'll create a clear vision of the type of living environment you and your family will find the most satisfying. Whether you're looking for a home with an open floor plan, a screened-in porch, one or more fireplaces, a finished basement, a two-car garage, or ample space between neighbors, getting your requirements down on paper is the first step to turning your house-buying goals into reality!