Location, Location, Location
This phrase has been called the “top 3 rules of real estate.” Location is the one thing that can never be changed about a home, and it is often one the top deciding factors in a final decision of buying a home. This, in most cases, should be the first thing that a buyer should consider for several reasons.
The location of a home can influence a home-buyers sense of community, day-to-day schedule, where they shop and more. A buyer with children should consider the school zone that they are buying in to.
Finding a Good Location in Amarillo
Finding an ideal location in Amarillo can be difficult. Many neighborhoods have a tough time finding a balance between easy access to all parts of town and peace and quiet associated with more secluded areas. This is a decision of preference with no one “right” answer. Shopping around is the best way to see what is out there.
History of Appreciated Value
Buying a home is a major financial investment. Like any investment, the average home-buyer wants to buy into a neighborhood that is on the rise. Some quick financial research will help to show a history of appreciating values or a history of depreciating values. Knowing the difference is crucial to buying a house that won’t end up turning into a “money pit.”
Materials & Build Quality
According to Zillow, build quality is defined as followed: A classification by construction quality which refers to the types of materials used and the quality of workmanship. Buildings of better quality (higher grade) cost more to build per unit of measure and command higher value.
How well is a home built? How long will it last? What sort of maintenance is required? All of these questions should be addressed in the home-shopping process. The answers can be different depending on if the home is new or used:
Brand New & Custom Homes
Materials and building method to use for a new home is an important discussion to have with the builder to create a custom home plan. Many options have advantages and disadvantages that should be weighed before making choices.
Pre-made & Previously Owned Homes
An important thing to remember about pre-made homes is that nearly anything can be changed. With that in mind, changes and/or renovations will add to the amount of money put into the home. It is important for a home buyer to know, at least generally, what they want. There are many variables with previously owned homes that should be considered:
- How much work will need to the house?
- Is the house on a slab or a pier and beam construction?
- Are the plumbing and electrical up to date and functional?
Style & Floor Plan
This is where things get fun. A well executed floor plan, paired with some stylistic touch is what makes a home more than just a house.
This is where a buyer makes sure their needs (and potentially their wants) are met. Again, this section is objective to the buyers taste. Common things to consider:
- How many bedrooms?
- How many bathrooms?
- Is the floor plan open or closed?
- Is there a garage/covered parking?
- Is there a laundry room, utility room, extra living space, etc.?
Inside and out, adding style to a home is the key to a buying making it their own. Aesthetic architecture, such as arched doorways, etc, and finishing additions, such as crown molding, etc, can help to had that homey touch to an otherwise mundane space.
How big is the yard? Is it in good condition? Is there a sprinkler system? How tall are the ceilings? Can my car fit in the garage? Do I want a vaulted ceiling? These are all questions about accommodations that should be asked before making a home purchase.
Get What You Want
Before looking at homes, write a list of “must haves”, “can’t haves” and “would prefers”. This list will change with more experience of looking at houses, so keep it up to date. This will help to know exactly what to look for and ask about when shopping around.
Get a Home Warranty
A home warranty = peace of mind.
There’s no need to stress about issues with a newly-purchased house if it is covered by a home warranty.