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Article #82: Buying A Good House

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It's one of our biggest investments and much additional storage space as
some of us are doing it more than once possible.
during our life. - Light and bright - Homes with lots of
Like many things in our life that have natural lighting are very popular.
changed dramatically, so did our - Split bedroom plans, with bedrooms on
habitation practices. Most of us don't each end of the home, are increasingly
stay in one house for the full duration popular with buyers.
of our lives as it used to be for many - If you live in a scenic area, having a
people in previous generations. view can help you sell.
Our modern dynamic life style and - Plenty of bedrooms, baths and Rest
economy, calls for flexibility, mobility rooms.
and frequent changes, People are - Large and convenient kitchen with as
following their jobs and careers even if many cabinets and cooking space as
it means moving from one side of the possible.
nation to the other. - The tendency to work from home calls
This tendency is in line with our culture for a suitable room to be set as a home
of consuming society. We replace office.
everything faster, we treat cloths, cars - Laundry and dryer machines located at
(some just lease), refrigerators and our the same level as the bad rooms.
dwellings like fashion items with short - A spacious basement is a plus.
longevity. Features to avoid
When we decide to buy a house we need to - One-bath homes sell for significantly
think in terms of sort to medium range less than homes with at least two baths
periods of time and that should bring us and they take longer to sell.
to consider the resale value of our home - Electric baseboard heat and electric
in the future. ceiling heat are not as desirable as
Buying a home with good resale value central heating systems. A fireplace in
might take a little longer, and it might the living room is a plus.
take a bit more work on your part, but - Tubs and showers in outdated colors, or
you'll love the payback later, when it scratched from years of improper
sells quickly and puts extra money in cleaning, might be hard to change without
your bank account. ripping out doors or walls.
The first consideration should be your - Popcorn ceilings date a house, you
family needs but it's cleaver to keep an know, those bumpy ceilings that were so
open mind about what might suite future popular in the 1970's.
buyers as well. Your first objective is to buy a home
The most important three factors are: that's right for you, but do consider its
location, location and location... :-) resale value before you make the final
Indeed, it's first thing to consider when decision, especially if you know you'll
looking for a home. So, what makes a good move again within three to five years. A
location? careful purchase now will help give you
There are some general elements which are extra funds to move up with the next time
obvious like: you buy a home.
- Does the neighborhood have easy and Home Inspections
fast access to the schools, shopping Depending on the type of financing you
centers and country club. choose, there should be either 2 or 3
- It's wise to pick a house that is separate inspections on the home you want
located relatively elevated above the to purchase.
area, that can provide two advantages: a The first should be your own basic
flow of good air and a nicer view. inspection (see the bottom of this page
- How many neighbors are adjacent to you for what to look for), the second should
and/or across you in proximity, off be a professional whole-house inspection
course the less the better. by a reputable person. Should you select
- A house located at the end of the a government loan (FHA or VA), the third
street will suffer less noises from the inspection should come at the time of the
neighbors and their guests. If the street appraisal, which to some degree amounts
is a dead end it's even better. A corner to a "mini-inspection." Do not, however,
house may have more light and air. rely on this appraisal as your only
- The positioning of the house towards inspection of the property!
the north if it's a warm area as opposed We cannot emphasize enough the value and
to the south in cold areas. In general, a necessity of an extensive home
rule of thumb and this one is general and inspection. Many home purchasers, either
found right to many locations around the in the desire to save the $200 to $500
world, as strange as it may sound, the that a good inspection costs, or due to
northern neighborhoods are usually more simple ignorance, have spent enormous
desirable than the southern ones exactly sums of money repairing items that any
as the western ones are more prestigious good home inspector would have pointed
than the eastern ones. out.
- The size of the lot, its shape and the Any offer to purchase you make should be
square footage of the house itself. If contingent upon (subject to) a whole
the majority of buyers in your area are house inspection with a satisfactory
young families with children, consider a report. Do not let anyone--not the agent,
house with a large yard that's not not your family or friends, and
fronted by a busy street. especially not the seller--dissuade you
- There are many other environmental from having the property thoroughly
aspects to consider with respect to inspected! Not only will you sleep much
personal preference like a green sounder after you have moved into the
agricultural area vs. urban area, quality house, a professional inspection can give
of schools and other social services and you an escape hatch from a contract on a
facilities. defective house.
In addition to these external If the contract is written contingent on
considerations there are many important an acceptable inspection, any defects in
internal elements that can make a house the home must be either repaired or
quality higher and buyers are always monetarily compensated for. If you are
looking for, such as: not satisfied, you have the option to
- Closets, lots of closets and with as cancel the contract.






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