Buying a house is probably one of the most important decisions you make in your life. Here are top 5 things to look for when buying a house.
Location, Location, Location
You’ve probably heard this before but location is the most important factor to take into account when buying a house. You can always renovate or tear down the house but you can’t change the location. Is the house on a busy street? Cul-de-sacs are more desirable. Is the house overlooking the railroad tracks or highway? You should try to avoid being adjacent to railroad tracks or highways, this will affect your resale value.
Layout of the House
Unless you are planning to tear down the house and rebuild from scratch, the layout of the house is important. Does the layout make sense or is it confusing? Are there enough bathrooms to the number of bedrooms? It is expensive to change the layout of a house. Making cosmetic changes such as updating an existing room or bathroom is cheaper than changing the layout and adding a completely new bathroom or rooms.
The Land is Important
It is more desirable to have a house that sits on a level lot with a nice level backyard. Of course, this is often not realistic in Westchester and Fairfield County where a lot of the land sits on hilly terrain. Is there a creek at the back? If you have little children, this may be a consideration. Is there enough parking in the driveway? If you live on a busy street with no parking then having enough parking on the driveway is important. Is there a backyard or is it so small that it is non-existent? A house with no backyard may be harder to resell in the future.
Does the House get enough light?
Coming from New York, you know how important natural light is to your well being. Everyone wants a house that is bright and airy. Is there a neighbor’s house blocking your home’s natural light. Are there mature trees blocking natural sunlight to the house? Trees are extremely expensive to cut. Depending on the size of the tree, cutting a tree will cost at least $800 to a few thousand dollars.
Don’t buy the most expensive house on the street
You’ve heard this before but it’s true. You don’t want to buy the McMansion on a street lined with small ranches.