am often asked for some simple rules to remember when buying real estate. Here
is a list of my do’s and don’ts to keep in mind.
DO take time to analyze the important
features you really want in a home and hold on until you find them. If you need
eating space in the kitchen, be sure you get it in the next home.
DON’T purchase a home that
is considerably more expensive than other homes in the neighborhood. The surrounding
homes will drag your value down rather than lift it up.
DO investigate the quality of the
local school system. Whether you have school age children or not, school systems
do have a dramatic effect on the value of residential real estate.
DON’T be too quick to purchase a home on a busy street or
one that adjoins any non-residential structures. The reason that you may be able
to purchase one of these at a good price is the same reason that a subsequent
buyer will expect a price concession from you.
DO study the floor plan to be sure
that it has the number of bedrooms and bathrooms that are normally desired in
this price range. Will the traffic pattern be livable on a daily basis?
DON’T buy a home because of the decor alone. Does it also
have the features that you need? I have seen buyers emotionally flip over decor
and furnishings and overlook the lack of some important essentials.
DO investigate the ongoing costs
of owning this particular home including taxes, utilities, and maintenance. You
may be able to buy it but unable to keep it up over the long run.
DO seek the help of a competent
Realtor® who can guide you through all the phases of the home buying process.