There are many who look at just the price of the house, the location of the house, the number of bedrooms and the amenities on offer when buying a home. But, apart from all these, there are plenty of important things that you should check out before finalizing a home to buy. Even though you have agents to help you out buying a home, doing your own research of the area and its surroundings is very important. The following are some important factors that you need to look into before looking to settle down in a particular neighborhood.
- Know the resale values
There is no doubt that it looks a bit strange to look for the resale value of a home before you even make an offer for the home that you want to buy. But, it is not a bad idea to plan for the future. There is no doubt that anyone looking to buy a home will be looking to settle down in an area where the property value is always on the rise. This will turn out to be beneficial for you when you have plans to sell off the home you are buying for a profit and invest in another home after a few years. It would be better off to invest in areas where homes sell off very quickly. You can get such information from your real estate agent. Also, ask questions about the home builder. Was it a reputable builder such as Silvercrest luxury Homes, or was it a fly by night unknown? This will determine what is covered under the home warranty and if built right the condo will last a long time, so it’s important to look into this. They will have details of the history of the resale value of the property. By knowing this, you will have an idea of what the property would be costing after a few years down the line.
- Crime rates
One of the things that are often missed by home buyers is to check the crime rates of the particular locality. There is no point in buying a very good home at very low prices in an area where crime rates are alarming. You will not have peace of mind sleeping in the home. You will be worried about whether any criminals or burglars will be attacking your house or not. You should make sure that the locality you choose will be safe for you to walk home safely at night.
- Schools in the area
Apart from the basic amenities like shops, hotels, restaurants, road connectivity and hospitals, you need to choose homes that are close to schools and colleges. This is a must if you have children in your home. The area must be having well-known schools and colleges where your child gets the best education.