Wednesday, January 2, 2013

Top 5 Things to Consider If You're Buying a House

Buying a house is no joke. It's not something that you can easily replace, buy and sell. Your house is a place where you will build your home. It's supposed to a sanctuary where you'll end up in regardless how your day has been spent. So you must make sure to choose the best one for its long-term use.

Speaking of "long term," a house is an investment made for long term. Most people live in the same house for more than 10 years. For some people even, the same house has lived through the time of their grandparents, parents until their kids' generation.

Now that you've landed to this page, you might be thinking on buying a house yourself. Read on the top five things you need to consider before buying a house.

1. Clear Set of Choices

When you speak with a real estate agent, most probably he will ask you what your dream house is.

Is it a house and lot with two storeys? Will it be inside a subdivision or village? Or do you prefer living in a condominium?

All these are important identifications for them to help and guide you through your decision. Before sleeping tonight, try to visualize a really clear picture of how you intend your house to look like. The rest will follow.

2. Your Priorities
Once you have determined the appearance and setup of the house you want, next thing is to consider your priorities. Most involved here are your financials, family and personal growth.

If you are one who will get married soon, decide with your future spouse how many kids you'd like to have. Logic says that a bigger family will need a bigger house. Related to this is your budget. More likely, a bigger house will cost more. If you are putting much budget on this house, how will this affect your personal growth and hobbies? You might not have enough more "petty cash" to use for traveling and other expenditures.

3. Location

Knowing the size and appearance of the house is not enough. Next thing to consider is the location.

Do you want a house near the hospital, the school, your office, the house of your friends and relatives, the market, etc.? Do you want it to be build near a bus stop or train station for convenience of everyday transport?

These are the things you also need to mention to your real estate agent.

4. Amenities

Amenities are like the side dishes you can get. While living spaces inside your house centers the dish, amenities are ones that make your space even more pleasant to live in. There are the likes of a gym, sauna, swimming pool, garden, patio, basketball court and jogger's lane.

Make a list of these wants and see whether you really need them to be part of your house. Also set some rating for each one. You can perhaps write a number that corresponds to its importance. This is so that you can compromise on some which will can really not be included in your house.

5. Safety

Last and certainly not least is safety. You might not want to live in a neighborhood full of hoodlums. Search for a peaceful area and make sure your house is secured. Research for the criminal rates and historical incidents that happened in the residential area.

It's also better if a police station, the fire department and other office for public community are nearby. Else, the best thing to do is hire a security guard or set up burglar alarms and CCTV cameras to always monitor your vicinity.