Whenever you plan to buy a new house, you do have your own priorities. The process of buying a new villa home is complex as well as time-consuming. Having a clear understanding of your priorities is the best way to guide you via this process without being forgetful about those that are important to you as well as your family. The realtor must also understand your priority list something that you could discuss with him in the initial meetings. Understanding which features means the most to you will help eliminate houses that won’t work out and compare those homes that will.
In this article, we’ll discuss things to consider whenever purchasing a new home. Each point would rank differently for individual buyers but all the below points are quite worthy examining.
If you have not seriously considered these factors before then this is the right chance to do so. When you buy the house with your family, talk about it to them to ensure that every feature is essential. Let us now check it out.
- Location of your home
Buyers always prefer areas that are the most frequented places (work, school, shopping, leisure, worship, friends, and family) that can be reached easily. Scout locations with easy access to main roads and keep an eye on the flow of traffic towards these main roads. Getting an idea of this commuting time will help save you from the hassles when you have leave the neighborhood to head to work, errands, etc.
For many buyers, it is all about the neighborhood. Many people like to be far away from traffic and further into development while some prefer the main entryway. Some owners will choose the closest lot available if there is a park, pool, or leisure area in the surroundings. Some people favor Cul-de-sacs, and some like to live on the main boulevard. Speak about your preferences and discuss with your realtor whether there is a higher price for particular a lot in the area.
- The size of a lot
Many potential buyers are not thinking about the lot size when looking at the development plans. The lot sizes could be quite similar in a neighborhood. You will soon see whether you have a clear preference for large or small, corner, or interior once you set out for showings.
Some lots are pie-formed; others are rectangular, while others are shaped irregularly. This might be important to you, depending on your preferences for privacy levels, view in front of the space, and also the length of the road.
Study the development plans to understand where one lot ends and a different lot starts, check with your realtor for the lot description and dimensions as well as some plans don’t detail these points.
- Total number of bedrooms in the house
Every family has an idea of the number of bedrooms they want and also a rough idea of its sizes. Most buyers look to have at least two, and the number increases if it is a larger family. Some families like their children to share rooms, while others like separate bedrooms. It is good to have a bedroom designated as a guest bedroom when you have regular visitors for any length of time.
An additional bedroom is often used as an office, a den, a playroom for children, or a workout room. Many hobbies can require workspaces and storage space, and additional room works well. Broadly factoring in all of this will give you an understanding of what your preferences are and better approach listings available on the market.
- Number of bathrooms
Decide how many bathrooms you want in advance. Older homes could only have one bathroom, and often, buyers seek different ways to add another bath into the layout. If the property features just one bathroom in the plans, consider the possibility of living with the existing arrangement if a remodel is not feasible. Newer floor layouts usually have two or more bathrooms however pay close attention to the layout pans to see whether the configuration suits your needs.
Equally important is the size and style of the bathrooms. Would you prefer a shower or a bathtub, or both? Jacuzzi baths are comforts built for relaxation that many luxury buyers prefer, while many prefer quick access to the shower stall. Look for the possibility of remodeling a tight bathroom whenever the layout plans permit it.
Think about those who use the bathrooms in the layout plans(including guests), and you will have a clearer understanding of the size and style of a bathroom that works best for the family.
5.The Kitchen layout
The heart of the house has always been the kitchen. A space where members of the family hang out the most and prepare amazing food. When guests arrive, they usually end up in the kitchen; hence the size and design of the room are crucial as it is the center of most activity and entertainment. There are many details to consider here right from deciding whether you need a large gourmet kitchen, with plenty of storage, sinks, or a typical kitchen would suffice.
The means of cooking for each family are different, some cook heavy others don’t. Somebody said that the only reason for a kitchen is that it came with the house! Any kitchen would do it in that case.
A vegetarian family who cooks every day and uses plenty of fresh ingredients, or there could be the fast cook family that microwaves every meal. Some people entertain more than often and others have large families. Regardless of the way you cook, a kitchen needs plenty of thought.
A modest kitchen layout may be adequate if you have one person cooking for only two people. Parents who teach kids to cook healthy food may want more space. Regardless of what your kitchen preferences are, have them penned down and look for these features in the layout plan or the possibility of remodeling an existing one to suit your needs.
- Condition, Style, and Age of Home Appliances
Equipment to replace is expensive. Take the time to assess the appliance’s age and its functioning. Many buyers may have strong preferences as well. Some may want to cook on the gas stove instead of an electric one, others may prefer a larger five burner hob. At times appliances can be a deal-breaker the cost of replacing does add-up especially when too many need to be upgraded or need to be added to the space.
There are many appliances in a typical kitchen. Every homeowner has these basic necessities and if the present layout does feature all of it explore the possibilities of adding /fitting it in layout as some are easier to add than others.
Check the washing machine, dryer, water heater, softeners, furnace, heater, and humidifier, or air conditioner. If fireplaces or wood stoves are present, it is good to know whether they have been properly maintained.
Do not assume that all equipment will stay with the house when viewing a listing. Refer to the list of items to know which of them are included as a [art of the purchase. Work on a ballpark figure for replacement costs if most appliances and mechanical systems seem to be outdated.
7.Age of your house
This is of course irrelevant for buyers that are interested in new residential projects. However, you may have to scout for villas built over several decades to match price ranges and budgets that comply with your basic needs.
Older dwellings such as Portuguese homes that are commonly seen in Goa have an appealing character, however, repairs and upgrades may also be needed. Explore the thought of whether you would be able to allocate time to manage these projects and also a budget.
Building codes change over the years, and when looking at older projects may have been constructed based on a different set of rules. This knowledge may be available to your realtor or even the Town And Country Planning Office.
- Purchase price
You should determine your price range before you begin home-scouting and get a home loan pre-authorized. It is undoubtedly a huge investment and along with the purchase price, there will be other costs that will add up as well such as Government taxes on Stamp Duty, society fees, municipal fees, etc. Consider how all costs will influence your finances and stick to your price range and mortgage payment decision.
- The Incentive of the Seller to sell
Although there are a variety of sellers personas on the market, typically you will find sellers that are motivated to sell quickly and others that list their property on the market and don’t really care if it sells or not. In the latter, there is not much wiggle room on the price. There are times when the highly motivated seller wants to exit the property. This could be due to a job relocation, someone paying two mortgages, etc. If your realtor can provide you this information you can gauge the seller’s urgency to sell and you can accordingly proceed to negotiate the deal.
- The Maintenance mode
There is generally a whole list of potential items that require maintenance unless you purchase new construction. When house hunting, preparing a list of all the things that need to look into and a rough estimate of what it would cost. They could be large or small repairs, modifications, and even upgrades to an existing house plan.
Certain repairs may require only cosmetic corrections, and others may need a sufficient amount of time and funds allocated to it. Make sure you write down them and add them and assess how big of a financial impact these repairs or upgrades would disrupt finances.