Purchasing a home is one of the most significant investments you will make in your lifetime, and it is essential to approach it with care, patience, and proper research.
Here are four key lessons to help you make the right purchase decision:
1. Location is Key
When it comes to real estate, it's all about location. When choosing a property, consider the neighborhood, the crime rates, businesses operating in the area, and the general condition of other properties in the neighborhood.
Do you ever see people jogging in the street or walking their dogs? Are the neighbor's lawns neatly trimmed? Which security companies are actively patrolling the area?
Take the time to visit the area at different times and on different days to get a comprehensive picture of what it's like to live there.
2. Careful Examination of the Property
In addition to considering the location, take a close look at the property itself and what it has to offer. Think about the size of the garden, the position of the house in relation to your neighbors, the number of stairs, and whether they will be a challenge for any member of your family.
Determine what is located outside the perimeter walls of the property on all four sides. Is the property bordered by a field, a park, a busy road, or a school, decide whether the home is situated in a spot that suits your lifestyle.
3. The Benefits of an Access Bond
Most first-time buyers require a home loan, but what many don't know is that your home loan can be a source of funds for you in case of a crisis.
Consider getting an access bond and paying more money into it than the minimum amounts required. This way, the funds will be available to you in case of an emergency, and the interest rate on your home loan is likely to be more favorable than what you would get on vehicle finance or a personal loan.
4. The Value of a Trusted Real Estate Agent
With so many property practitioners to choose from, it can be helpful to build a relationship with one you trust. Your agent will use their knowledge of the area and prevailing market conditions to help you find the right home. They will also use their negotiation skills to get you the best possible opportunity to buy.
If you're looking for a multi-award-winning real estate specialist, look no further than Alta Nel from eXp Realty. Alta is known for her expertise, experience, and commitment to providing exceptional service to her clients. To make the most of these lessons and take the next step towards your dream home, reach out to Alta today.
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