Wednesday 20 June 2012

Make sure you get what you paid for while buying a house

Your home means a lot of things to you, most of them good. Your home gives comfort and protection to you and your family, and it could well embody all your material hopes and dreams. Your home is probably your biggest asset. While buying a house make sure you get the right value for your money.

i. Don't get too sucked in by appearances:
Buyers should keep in mind that many sellers will try to present their homes in the best possible light. If the house has been staged, what potential buyers forget is that all that stuff is going out when the sellers leave. Sometimes you're better off buying something that needs a little decorating, because it's going to take on your own look anyway.

ii. Have questions prepared:
Sellers and their agents should be prepared to answer questions including how old the roof, heating system, hot water heater, and windows are; if the basement has taken water in the time the seller has been there, and if there's a sump pump; and what utilities and homeowner insurance generally cost. If there's been recent renovation work, buyers should find out of all building permits have been signed off and if all of the contractors and sub-contractors have been paid in full. If there's a pool, buyers should ask if the seller has a permit from the city or town.

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