Whether you’re buying your first home or your fifth, it’s important to start your search prepared with the most up-to-date information. In addition to finding a home with all of the features you love, you’ll also need to look for any obvious and not-so-obvious red flags. Buying a home is one of the most important purchases you’ll ever make, and it’s important that you have all the information you need to make the right decision. In this week’s Nickel City Funding blog, we’ll discuss what to look for when buying a home and discuss the importance of working with local, experienced professionals in your search. If you are interested in purchase in North Tonawanda, Hamburg, Amherst, West Seneca, or Lancaster, NY, we can help. Contact Nickel City Funding with any questions and begin your journey today.
The Short List: Make a List of Priorities
It’s important to think about what is really important to you and your family in a home before you begin looking at houses or condos. You can start by making a long list of all of the things you’d love in a home, then narrowing it down to a few non-negotiable features that you want. If a covered garage is a must, then it’s important that you don’t waste your time looking at places that don’t have it. In addition to looking at elements that are a must in the home, you need to consider the community where each home is located. Your real estate agent will narrow your search to only include homes in the neighborhoods where you’re comfortable living.
If you’re unsure about a certain neighborhood, you can learn more by asking neighbors, visiting local businesses and parks in the area, and taking some time to observe.
The Basics: Structural Issues
Without a strong foundation and structure, a home can very quickly cease to be a home. You should look for any obvious structural issues, such as cracks on the floor or walls, water damage or mold on the walls, and any missing shingles or damage to the roof. You can and will likely be required to have an inspection on the home by a professional, who can take a closer look at issues.
The Guts: Plumbing, Wires, Heating and Cooling
You should look closely at heating and cooling systems and ask when each was last installed, replaced or repaired. Installing new AC and heating units can be a major expense. If the home you’re buying needs these repaired, you could use this as a negotiating tactic when you make an offer. You’ll also need a professional to look closely at plumbing and electrical setup. In addition to creating long-term structural dangers and fire hazards, faulty plumbing and wiring are costly and invasive types of home repairs.
You should also invest in a home with good insulation. In New York, we’re prone to severe weather extremes on each end of the spectrum. Good insulation, all weather windows and other minor details can help you save long-term on heating and cooling costs.
Accessibility: Safety and Long-term Planning
Things like an awkward floor plan or steep staircases may not seem like a bother to you now, but it’s important to carefully consider how minor hindrances could become daily hassles over time. Additionally, keep in mind that while your family may not have difficulties getting around the home, any elderly parents, children or other visitors with mobility challenges might feel differently.
A Local Team on Your Side
When it comes to finding the right home for your family’s needs, it takes a village. With the right professionals on your side, including real estate agents or Realtors, inspectors, and of course, a mortgage professional from Nickel City Funding, you can get a better picture of what to look for in a home. If you would like to purchase in North Tonawanda, Hamburg, Amherst, West Seneca, or Lancaster, NY, contact us to get started. We offer the most competitive rates for hoe financing and we have connections in the community that can help you navigate the entire process of finding and buying a home. Contact us to get started.