There are few things in life as exciting as buying a home for the first time. That said, without the proper help and research, you could end up making an expensive mistake. Check out these six home buying surprises you don’t want to wake up to and learn how to avoid them. Then reach out to Berkshire Hathaway HomeServices California Properties at 310-373-0021 to speak with an experienced real estate agent.
- Avoid noisy neighbors
- Find out if a new development is going in
- Make sure you are prepared for the traffic
- You do not want to discover a serious issue
- You can’t afford your mortgage
- You paid more than you needed to
Imagine moving into your new home and finding on the first day that your neighbors have a dog that barks all day long. While there are steps you could take, such as calling in a noise complaint or animal control, you would likely have wished you knew ahead of time. This is why it can be a good idea to talk to your potential future neighbors to find out what it’s really like where you’re considering moving.
When you buy a home, you may not be thinking years in to the future. Consider not just what it is like now, but if a new development is likely to go up. For example, if you live in an established neighborhood then it is unlikely that a significant change will occur. If you are moving into an up and coming neighborhood, consider that a new development could change the landscape of where you live.
Of course you drove around the home and the neighborhood but what time did you do so? If you were there on a Tuesday at two in the afternoon, then you may not have gotten a good idea of what parking is like, what traffic is like, etc. Is there a school nearby? Then your morning commute could be complicated. Practice your drive to and from work before you put an offer in on the home.
If you are buying a home that’s more than a decade old then you can count on there being some minor issues, such as a toilet that needs adjusting. However, you do not want to be surprised with things like cracked foundations or rusty pipes. Avoid these by working with the home inspector your agent suggests.
Just because the bank will loan you a certain mount doesn’t mean you need that much. Consider all the costs into consideration, such as homeowner’s insurance, utilities, HOA fees, etc.
There are many things that could lead you to believe that the home you are interested in is a hot commodity and you should put in a full-price offer. Do not do this without talking to your agent. The good news about working with Berkshire Hathaway HomeServices California Properties is that we have the experience and knowledge to give you the advice you need on when to put in an offer and how to do so. Call us today at 310-373-0021 to learn more.