Buying your first home scary. We’ve got it. All those worries you have about money totally legitand the The mortgage process can be confusing. Moreover, you want to make sure that the house suits you.
But some of the things first-time homebuyers worry about don’t really matter. Here are five issues you should not consider when choosing a home:
The dining room table or sofa does not fit.
More than once, we’ve seen a file HGTV home hunter They reject an otherwise perfect home because their current piece of furniture will not fit them. We shout forcibly “seriously???” In our televisions in frustration.
Time for a little reality check: If your dining room table has some special significance—say, it appeared on Mayflower with your ancestors—well, well, keep it. But if this is something you bought from Ikea and spent the weekend working hard assembling, don’t let that be a factor in buying a home.
Furniture that does not work in your new home can be sold. It can be given to a charity thrift store, for now at least It will result in a nice tax deduction.
Or if you really like the dining room table, you can stock up on it. While this is your first home, it likely won’t be your last. 2013 Study the National Association of Home Builders She found that buyers of single-family homes typically stay in the home around 13 years. This means that if the table does not fit in this house, it will probably be in the next.
The walls are painted in ugly colors.
There is no accounting for taste. But the good news is that paint is cheap and will completely erase offending wall colors—even though it can take three coats.
Potential first-time buyers are often guilty of seeing things only as they are, rather than what they could be. Force your eye to see the potential, not the purple walls.
In general, look at the things that can be easily changed and focus on the ones that cannot be easily undone. A house facing north will always be dark. A house on a busy intersection will always be noisy. The next-door neighbor who uses his front yard as an auto repair shop isn’t likely to stop making a living because you kindly asked him to.
The The three most important things You may wish you could change but there can be no noise, vision and natural light – although skylights help.
The decor reminds you of where your grandmother is and not in a good way.
Without a doubt, some of the houses are dated. But remember, when the seller leaves, he will take his things with him. Don’t worry about worn-out chairs and dusty curtains, instead get some quotes on how much it cost to remodel a kitchen and bathrooms circa 1974. These are the rooms it would cost you to renovate.
Also, keep in mind that one person’s “historian” is another’s “vintage”. At some point, the kitchen linoleum that’s causing your eyes to bleed may be back in style. But yeah, let’s all pray that the orange-hued rug will never come back.
You’ve met your dream kitchen.
Cool your planes! until Remodeling magazine You think you are acting impulsively.
want to know The only home improvement project That’s more than it pays for itself, according to the annual Remodeling? state Loose insulation in the attic. It brought in a return on investment of 107.7 percent – although it sounds as exciting as watching the grass grow. According to the study, siding replacement took 92.8 percent of its cost. Replacing roofs and windows was also at the top of the list, with 80 percent or more returned on resale.
So what does that tell you about what’s important in a home appraisal?
Infrastructure issues. New ceilings, new plumbing, and new electrical systems—whether put in by the previous owner or if it’s your first project—will likely serve you better than a recently remodeled kitchen.
Do not fall in love with the eye, both in relationships and in homes.
You do not have kids.
You do not have and/or do not want children. Fair enough, but that doesn’t mean the quality of local schools shouldn’t matter to you at all.
Home is more than just a place to live. It’s also an investment, probably the biggest one I’ve made so far. It’s smart to not only think about your current situation, but also what potential buyers will be looking for when you go to sell this home down the road – and that means schools. In a 2013 Realtor.com survey of nearly 1,000 potential home buyers, 91 percent said that School quality was important in their search.
1 in 5 buyers said they would give up the extra bedroom or garage to buy in an area with better schools, and 1 in 3 would buy a smaller home to end up in the right area.
Buyers also put their money where their mouths are. One in 5 said they would pay up to 10 percent over their budget for the right school. One in 10 will double that to 20 percent.
So even if you don’t send kids there, a good local school system may be money in your budget — for that next home.