When looking for a new home it’s very easy to fall in love at first sight, which can lead to a bad decision. Instead, you need to leave your emotions behind and lead with your head. With a few practical guidelines to follow, you will not only find a home you love but a good financial investment as well.
Don’t judge a book by its cover
Generally speaking, it’s much better to buy the worst house in the neighborhood than the best. The worst can only go up in value once you improve it, but the best home is as good as it’s going to get and has reached its peak market value.
Focus on all factors
Location, Location, Location!
The most important factor, not just for your enjoyment of the home but for resale as well. A great location will remain an asset no matter what the real estate market does in the future. You can make an ugly house attractive but you can’t make a bad location great
If you already have kids then a good school district is obviously very important where the house is located. But even if you don’t have kids at home, is located in a desirable school district will pay off when it’s time to sell. You may pay a bit more, but be assured, you will get it back and more.
Understand what you’re buying
“Handyman Specials” can be a great deal, but if you aren’t aware of what you’re getting into, your dream house can quickly become a nightmare. If you aren’t willing to take on a big and potentially expensive project, you should keep looking.
Think in the future
Now that you found the perfect home, there are other costs besides your mortgage associated with homeownership that you may not have considered. Most Florida communities have mandatory monthly Home Owner Association (HOA) fees which can lead to costly assessment charges for community improvements which can increase your monthly budget significantly. Taxes can also be overlooked- keep in mind that taxes could be higher or lower if you bought just across a neighboring jurisdiction.
As a seasoned Real Estate professional and Broker/Owner of Southern Breeze Realty Group, I recognize the trust my clients place in me. Whether you’re looking to buy sell or rent, I listen to my clients wants and needs to achieve the best outcome in every transaction