3 Things To Look For When Buying A New Home

Dated: 02/06/2017

Views: 139

Purchasing a new home is an exciting and sometimes stressful experience. Whether you’re moving to a new town or looking to upgrade from your current space, finding a new home requires patience, expert guidance and a keen eye for detail.

As a home seeker, the first thing you’ll evaluate is location, space and amenities such as fireplaces, granite countertops, a finished basement, deck or a swimming pool. The next thing to consider is cost, shopping for the right mortgage, making your down payment and negotiating other fees. Finally, you look at the various features inside and outside the home that make it safe, convenient and energy-efficient for you and your family.

To ease some of the stress of house hunting, here are a few top considerations to keep in mind throughout the process:

Always start with an impartial home inspectionHome inspections can help potential buyers uncover the structural issues of a home, while also examining if electrical wiring and devices are up to code, plumbing lines are performing correctly and HVAC systems are running efficiently. In order to locate and properly evaluate any concerns, it is crucial that you research the best impartial home inspector in the area, be present during the inspection itself and thoroughly read the inspection report on the property. Sometimes issues identified are quick fixes which you can address yourself, such as replacing older electrical switches and outlets. You can evaluate if you’re able to make these quick updates safely yourself by viewing sample installations at www.youtube.com/leviton. However, other conditions may require more labor-intensive repairs and outside contracting, which should be included in your budget or negotiated with the seller before purchasing your new place.

Determine any value-add features you want that are already in the homeAccording to the National Association of Realtors’ 2015 Profile of Home Buyers and Sellers, a home buyer’s expected tenure in a newly purchased home is approximately 14 years on average. While it’s not uncommon to change things the longer you live there, it’s equally important to note the features that certain properties already have during your initial home search to avoid costly replacements and construction projects down the line. As you’re searching, keep the long-term in mind and consider what you may want in the future. Be sure to ask a lot of questions during each walk-through. For example, are there enough bathrooms to meet your family’s needs? Will your family grow? Does the kitchen have a gas line for appliances? Is there a properly-installed and updated heating and cooling system? Does the master bedroom have a walk-in closet? What amenities will make you and your family feel safe, happy and comfortable from the moment you walk in the door and for years to come?

What measures have been taken to make the home safeIt’s important to consider a home’s safety features, especially if you’re moving into a new residence with children or pets. So, what classifies as a safety amenity? Depending on the home and location, safety features should include alarm systems, working door and window locks, working carbon monoxide detectors, smoke alarms and Arc Fault Circuit Interrupter (AFCI) Outlets. Especially when it comes to electrical outlets in areas like the living room and bedroom, products like Leviton’s SmartlockPro AFCI Outlet should be installed. These AFCI outlets prevent electrical fires in the home and are tamper-resistant, providing added safety for all members of the family.

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