Location, location, location.
When looking at buying a new home, you can often be distracted by the stylish interior, how big the closet is or whether there is an ensuite. To get the most out of your investment, here are a few questions to ask when buying your new home.
Is it a peaceful area? Does it have low crime rates? Is it in a good school district? Are there shops in the area? Another important thing to take into consideration is if the area that you live in is susceptible to things like flash floods, or violent winds. Picking a good suburb is just as important as picking a good house; it is important to make sure the area that you are looking at is perfect for you and your family.
After you have chosen an area that suits you, here are some tips on what to look for in the house itself.
Are there enough rooms?
Are there enough rooms in the house to suit your family’s needs? Will you need a study, a playroom, a spare bedroom? Something which few people think about is the space between the rooms and the dining or living area. This may cause a problem if you want to get to sleep early and someone else wants to watch tv. It is always a good idea to keep some distance between the bedrooms and the living or dining areas.
Do you have enough parking space?
Parking is another important issue to take note of when looking at a house. Are you planning on having a big family? Are you already a part of one? Then you will, at one point or another, end up with 4 or more cars parked at your house. This is why it is always a good idea to check the garage, driveway, and street to ensure there is ample parking space for your friends and family.
Will this bathroom accommodate everyone?
Bathrooms can be costly if you discover that there are not enough after purchasing your home. It is important that you check to see if you will have enough bathrooms to suit your family’s needs. This can be said even if there are only two people in the house – having an extra toilet never hurt anyone, and you will probably need it in the long run.
In bathrooms, a big problem that some houses face is water stains, corrosion, and mold. Although they are not structural damage, they can be quite costly to fix. You can check for these sorts of issues in any places that are subject to water i.e. showers, toilets, cupboards, etc.
Should I get an inspector to double-check the house?
If you are unsure about the stability of the house, you can hire your own inspector to produce a detailed report for you.
Some basic tips for you to take note of are: to check if the walls need repainting, if there are any cracks that look damaging, are the ceilings in good shape, and do the light fixtures look stable. It may even be a good idea to check behind the furniture in the house to ensure there are no hidden problems.
How much money will this house really cost me?
The ongoing costs can be an issue for homeowners; this is why it’s a good idea to double-check the rates that you will be paying are with the rates that you are paying now. Generally, the rates will vary on the size of the house, location, company, etc. These rates include council rates, utility rates, and home and contents insurance.
It is also a good idea to note if the housing choice will need any future renovations. If so then keep in mind the costs that the renovation could cost you.
This house is perfect, what now?
A home is a big investment and we hope with these helpful questions have helped you to identify the house of your dreams; one that is worth the investment. Once you have identified the perfect house for you, the next step is to find the best home loan rate.
Finding the best home loan interest rate is so important, especially for a growing family.
One thing you do not want to have when starting out your new and exciting home owner’s journey is an unnecessarily large debt hanging over your head for longer than necessary.
At Joust, we love nothing more than helping good customers in their efforts to obtain the best possible home loan interest rate.
We offer a free solution where the lender’s bid for your home loan! You enter your details, then sit back and watch as the lenders offer you their best home loan interest rate. Once the bidding is over the choice is up to you.
If you are still unsure about all things ‘home loan interest rate’, we have a simple solution. You can download our free eBook ‘19 Secrets to Finding The Best Home Loan Rate’ to help you along on your new home owner’s journey.