[Blog content featured on Coldwell Banker's Blue Matter, May 16th, 2013: http://blog.coldwellbanker.com/adventures-in-first-time-home-buying-what-to-look-for-and-what-to-avoid/]
There’s nothing more exciting than researching homes on the internet, sifting through hundreds (maybe thousands) of photos of homes listed for sale until you narrow down the possibilities and compile your list of those you’d like to see in person. In most cases, a picture is truly worth a thousand words.
On numerous occasions, I’ve had the pleasure of walking through homes with First Time Home Buyers to discover some of the most outrageous and interesting features a house could possibly possess. Some in which you wish the Realtor would have posted pictures of, so you could’ve ruled it out as a possibility and saved yourself the gas and your precious time to see it.
Homes with holes in the floor (we could see the dirt fill below), bathrooms with the door against the toilet, homes that were previous crime scenes (which I found out later via “Googling” the address), an ENTIRE home that was a dedicated shrine of Dale Earnhardt Jr (I’m a fan, just not an entire house of it) and my personal favorite: a bidet in the middle of a bedroom, yes, a bedroom.
It’s tough to see yourself in a home when either photos don’t do a good home justice or when a potential home is washed out by clutter or issues that are hard to look past. Here’s a few tips to help you to weed out the bad ones from the diamonds in the rough:
Do Your Homework:
– Go online: Did you know that most Realtors can send you listings via email to check out from the web from the comfort of your couch? Use their services to check out homes! Their MLS will be your most up-to-date source for what’s available on the market. Also check out www.ColdwellBanker.com and their app as well.
– Do the Drive-by: If it’s a good possibility, drive by the home and see if you like the location. This will help you to weed out more homes than you think.
Look Past the Surface:
– Good Bones: If shag carpet and gaudy wallpaper isn’t your thing, don’t sweat it. Those are cheap fixes to a home that may have great bones. Look past the things that are easily replaceable and look at the layout of the home, as adding an addition is way more expensive than that gorgeous granite you’ve been dreaming of.
– Don’t Fall for the Bells & Whistles: Quite opposite of the last tip. A home may have some sweet upgrades like solid countertops and stainless appliances, but you aren’t too crazy about the layout. Just remember, you can always customize the home down the road but living in a home with an awkward layout can eventually get annoying. It’s more expensive to do a total renovation (knocking down walls, permits, etc) than it is to buy an entire stainless kitchen on a Memorial Day sale.
Think About the Future:
– Resale, Resale, Resale: That small bedroom that is a decent “office” now may not be a considered good-sized bedroom for a buyer down the road when you’re trying to sell, as this personally cost us 10+ buyers when selling our home! Don’t compromise on things that you think may hinder your chances of selling the home in the future.
– Replacement Costs: Buying a home is an investment, especially if you have to replace a ton of stuff inside. Take a closer look at things like the roof, air conditioning unit, pool pump, and other high ticket items that could be in need of replacing. It’s good to budget replacement costs into your yearly budget, but you don’t want to take on a home that needs everything replaced all at once.
A Home Fit for a Family:
– Busy Streets: If you have or plan on having kids, that’s great, just make sure the house accommodates them! Any parent of a toddler will tell you that living on a busy street is one of the scariest things in the world as you watch cars fly by your driveway. Consider an area that has less traffic and will be safer for the little ones.
– A Tub: As silly as it sounds, you will want a tub in the guest bathroom. Unless you want your sweet munchkins taking over your master every night until they can bathe themselves, save yourself the insanity and make sure there’s a tub in the guest bathroom for the little ones.
These are just a few things to think about when you’re looking to buy a home for the first time. When in doubt about certain things, always consult your Realtor, as they are your best source of information in the home buying process.
No matter what your first time home buying adventure is like, just remember, you could always have a bidet in the middle of your bedroom.