Buying a home is a huge financial decision with far-reaching implications. It is perhaps the most expensive purchase of your life and the longest-lasting one- so be careful. There are lots of rules that one can follow when home hunting and different people have different interpretations, but the simple basic rules are as follows.
Rule #1- Buy Neighborhood over House
The old adage- ‘What are the three most important things in real estate- Location, Location, Location’ is the right answer. But in spite of being constantly repeated, it sometimes fails s to make a mark on the memory so neighborhood is a better substitute. There are certain parameters of grading premium location. Always, find the best neighborhood you can even if it means buying less of a house. You can improve the house but it is impossible to make changes in the neighborhood and fix major problems. Get out and find for yourself- it is the best way to check a neighborhood. Check out the schools even if you don’t have kids, schools means a good neighborhood. Find out about the crime rate, the Home owners association, look at the stores the traffic and see if you can find things easily in there. [Read more…]