10 Things to consider when buying your home

If you’ve narrowed down your choice of potential properties then there are some very important things you should consider in making sure which property is right one for you:

1. Search for neighborhood information online

If you already live in the area then you may be able to skip this step, but it’s always worthwhile to search local newspaper websites, community sites and blogs to find out what’s happening in terms of upcoming developments or other potential issues.

2. Obtain the local crime figures

Your local police station will have statistics on crime and you can also go to the national government website to find information according to a particular address or postal code.

3. Check out the local schools

Even if you don’t have children or there not even on the horizon, buying a home in a good school district is an important way to make sure your home maintains its value. Remember at some point you may wish to resell it and other people who may have children will certainly do this.

4. Research the local amenities.

You can go to Google Maps for a Street View of a community to see what’s nearby, or visit www.aboutmyarea.co.uk to find out what’s happening within a short distance of your new home. If you have a particular activity that you enjoy, such as going to the gym or swimming, find out how far you’ll have to go to get to sports centre.

5. Take your time to explore the property.

Some simple checks can make a big difference to discover any issues with the property

Does the toilet flush properly and the shower work? Does the heating heat the home effectively? Does the roof and gutters look in good condition? Is the water pressure okay? These are only a few points we could suggest. However, if you’re in doubt about anything you can mention this to your surveyor who will investigate these in detail and provide a comprehensive report upon instruction. Although a property survey can be costly it’s a small price to pay to put your mind at rest that the property you’re purchasing is safe and sound.

6. Visit the home at different times of day

If you want to know what it will be like to live somewhere, visit on a weekday, a weeknight and a weekend to see how quiet or active the area will be.

7. Test your commute

If you only visit a home on a weekend you’ll have no idea what the traffic pattern is like during rush hour, which could have a big impact on your enjoyment of the property.

8. Talk to the neighbours

Sounds very simple, but these are the people you will have to live with for potentially the next 10 years and beyond. They can make a big impact to the enjoyment of your new property.

9. Talk to the sellers.

If the sellers are willing to share information with you, they’re the best resource of all to learn about the community and the house. You can ask the sellers about renovations they’ve done and even talk to them about whether your plans for the house are possible.

10. Ask about taxes, property charges, homeowners insurance and utility bills.

Your monthly housing payment includes more than just the repayment on your home loan. Make sure the taxes, insurance, property charges and utility bills will fit into your budget