house plans
FREE Shipping on All House Plans!
Home >> House Plans >> Article
Search entire site
DREAM. LEARN. DISCOVER... GET STARTED.
House Plans
House Plans

How To Spot a Good Buy

Tags : , , , ,
Published On : 04-30-2005
Author : Steve Donegan
3074 Views
ShareThis
Beauty is in the eye of the beholder, particularly when it comes to buying a home. Features that attract one home-buyer may repel another.

However, the one feature of interest to every home-buyer is price. Getting the most home for your money is paramount. The real problem is figuring out whether that fixer-upper on one street is a better buy than the home in next-to-new condition two blocks away. That’s why knowing what to look for before you buy can save you time, energy and money down the line.

The first step is figuring out what kind of house you need. A good buy is only a good buy if it meets your current and future living requirements. Before shopping for a home, decide how much space you and your family require. How many bedrooms, bathrooms? Is a family room necessary? Do you need a layout that will accommodate a lot of entertaining? Do you prefer a spacious or compact work space in the kitchen? If you have small children, can the house easily be childproofed?

Evaluate the front and back yards. Is there enough space to accommodate your children? Do you want a park-like or garden setting? Do you enjoy yard work and gardening, or do you want a low-maintenance yard? Take into consideration the cost of extensive landscaping and upkeep.

Next, determine how much work is required to make the house you are considering livable. Make an honest assessment of your fix-it abilities. How much work are you willing to do or pay someone else to do? Do you have basic decorating, carpentry and plumbing skills? If you plan to learn as you go, make sure you have accurately determined what you are getting into. Ask an experienced friend, family member or your real estate agent for their opinion, and be sure to consider how much remodeling inconvenience the rest of the family can handle.

Unless you are ready and able to tackle a major remodel, look for a house or condominium that needs only cosmetic improvements. These include painting, wallpapering and replacing items like flooring, window treatments, bathroom and kitchen fixtures, light fixtures, cabinet and interior door hardware and appliances. Remember that even these simple changes can be costly if you have to make many of them.

Beware of improvements that seem easy enough at first glance buy may turn into major headaches and require a lot of money once you’ve moved in. Remodeled kitchens and bathrooms, changes to the floor plan, room additions and redesigned landscaping are examples of seemingly minor changes that can easily eat away the money you thought you saved by selecting a so-called “bargain priced” home. Of course, you may be perfectly willing to spend whatever money is needed to customize the house to match your tastes and needs.

Make sure major systems in the house are in good working condition. The furnace, air-conditioning and plumbing should be up to date, since repairs can be costly. Your agent can arrange to have a professional inspector determine whether the electrical wiring and any room additions are to code. Local utilities often offer free or low-cost inspections to tell you if the house is energy-efficient.

Look for a house with universally popular selling points. If you’re impressed, the next buyer down the line is bound to be, too. For example, a roomy, modern east-to-clean kitchen is the best selling point a home can have. A house with only one bathroom is less desirable than a house with two or more. Many buyers expect at least three bedrooms, with a master bedroom that offers a feeling of privacy. Lots of storage space and closets, especially walk-in closets, will be a real selling point. Family rooms or “great rooms” also are desirable. On closer examination, a house that looks like a bargain may lack some of these key features.

Don’t forget the old adage: location, location, location. Unless you’re looking for a fixer-upper, the house should be in a condition that is comparable to other homes in the neighborhood. Avoid buying the biggest or fanciest home on the block. Consider the amount of traffic or noise. Homes located in a quiet area away from a busy street will command a higher price. Make sure the schools in your district have a reputation for quality education and safety. Nearby supermarkets, gas stations, restaurants and theaters also will make a location more desirable.

Good community facilities also add appeal; pools, athletic fields, community centers, libraries and hospitals all add to a neighborhood’s value and desirability. Transportation needs also should be considered. Is local public transit available? How long are typical commutes to places of current and potential employment? Are there several alternate route? How close is a major airport? All of these can affect a home’s pricing.

Consider the cost of living in a home. It’s important to consider not only purchase price but the monthly cost of living in a home. Estimate your utility and maintenance costs. For example, will the house need to be painted on a regular basis and will you need to spend money maintaining a swimming pool? Ask your agent about the property tax rate and whether increases are anticipated. Will you have to pay special assessments for a homeowner’s association? Consider the point in the life cycle of major household systems, such as the furnace, air conditioning, roof and kitchen appliances.

You can find a bargain! Your first step should be to seek out a knowledgeable real estate agent with experience in the market areas where you wish to purchase a home. Your agent can help you locate those properties that truly are “bargains” and help find the home that most closely matches your desires and needs.

About The Author

W. Troy Swezey is the author of “HOW TO SPOT A GOOD BUY." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, “Real Estate Secrets Exposed.” http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net

COMMENTS
RELATED ARTICLES
House Plan Trends Show a Jump in Remodeling
House Plans
Remodeling Trends: House Plans for Green Living Remodeling
House Plans
Finding your Dream Home
House Plans
See the Return on Investment for GREEN Home Remodeling
Green Building
House Plans Designed For Sloping Lots
House Plans
Starts Exceed 2 Million for Fourth Month in a Row
House Plans
Timing is Everything When It Comes To Buying Homes
House Plans
SELLING YOUR HOME IN THE WINTER
Business
HOW TO DETERMINE THE PRICE OF YOUR HOME
Business
How To Spot a Good Buy
House Plans
HOUSE PLANS 101
FAQ
Glossary of Terms
Understanding Blueprints
Understanding Copyright
What's included in a set of house plans?
Why pre-drawn house plans?
MOST POPULAR ARTICLES
1. Building on slab vs. crawl space vs. basement? Advantages / disadvantage
House Plans
Luxurious Mountain Craftsman House Plans
House Plans
The Finest Duplex, Town House, and Multi Unit Home Plans
House Plans
The In-Law Suite Revolution
House Plans
Florida and California House Plans With a Tuscan Style
House Plans
European and Luxury House Plans, Large and Small!
House Plans
Country Porches and Beautiful Farmhouses
House Plans
2x4 or 2x6 construction?
House Plans
Craftsman House Plans from Extreme Makeover: Home Edition
House Plans
Luxury House Plans
House Plans
ARTICLES BY TOPIC
A Frame House Plans A Home Builders Opinion Air Conditioning Tips Architecture Beachfront Houseplans blueprints building lots bungalow Bungalow House Plans Cape Cod House Plans Coastal House Plans Color Photos Color Schemes Contemporary Style country house plans craftsman house plans Curb Appeal Custom vs Stock House Plans Customer Service Design design trends Do-It-Yourself Door Hardware Door knobs Doorknobs Dream Homes Engineering House Plans european house plans Exterior Materials Extreme Makeover Farmhouse House Plans Feng Shui Floor plans Floorplan Layout Frank Lloyd Wright French Country Home Design french house plans Garage Plans Garages green design green house plans Halloween house high performance house plans Home Builders home buying home design Home Design Trends Home Designers Home Designs
RECENT ARTICLES
Trends to Build Home Plans that Embrace Nature and the Environment
House Plans
From Log Cabins to Southfork Ranch and Everything in Between… Variety Spices Texas Style Homes
House Plans
The Great Room: A Throwback to Medieval Times Finds Its Way in the Modern Age
House Plans
“Girl Power” in the 1900s: The First Women Architects Find Success in a Man’s World
House Plans
New Technologies for the Conscious Home Save Energy
Technology
Ready for Your Own Vacation Home? Here Is What to Look For
House Plans
Historical Progression of 3D Printing From Prototypes to 3D House Plans to Robotics
House Plans
What to Look for in an Affordable House Plan: Simplicity, Efficiency and Practicality –With Style!
House Plans
Design Trends in Renovation & House Plans for Home Builders
House Plans
The French House Plan: An Eclectic Mix of the Romantic, Rustic, and Majestic
House Plans
© 2014 The Plan Collection, LLC