There are many buyers in a variety of categories who have
different “wish Lists”,
and sometimes they are unsure and should be educated prior to making such a
huge decision. I have compiled a list of suggestions to consider that I would
recommend to buyers.
Buy a home within
your means! Plan your home purchase carefully and make sure that you have
done your homework in terms of financing. Do not buy any other large purchases during the loan process until you settle
on your new home. Your loan office should be able to direct you.
Location, Location! This is still the greatest factor in determining value,
appreciation and is the #1 Rule when purchasing a home. Location within a
specific area and to a micro level on where it is located in the community a
home is located all makes a difference on the net worth of a home. For example,
a home located on a busy road with no privacy may not be worth the same value
as the same home (all things equal) located with on a lot with woods or
privacy. The fact is that it may seem like a good value but you will reduce
your buyer pool when you resell because a busy road backing to a home may
seriously affect the value of what your next buyers are willing to pay.
3. Make up a
wish list! Include a “must have”
list as well as amenities that you would like to have. This is more critical
when purchasing a new home. When buying new construction, focus on structural
items that cannot be done in the future or may be cost prohibitive. Understand
that you have a budget but try to make educated choices. Some popular choices
include: Walk-out basements, extended kitchens and family rooms, basement
height, 2 versus 3 car garages, morning rooms, basement plumbing rough-ins,
type of façade and various upgrades throughout the home. Ask yourself this
question. What value do the upgrades make to future appreciation? Your Realtor®
should be able to give you advice in this area!
4. Schools –
When purchasing any Real Estate, one of the greatest factors is the quality of
a school district. Even if you don’t have school age children, many buyers
purchase in specific areas because of the quality of schools. Do your research
in this area! It is a critical factor for resale.
Inspection – It doesn’t matter if it is resale or new construction; make
sure that you hire a professional inspection to inspect your home. I highly
recommend a pre-dry wall inspection on all new construction!
Many of the homes that I list and sell are in the greater
Philadelphia area. Townships such as Buckingham, Solebury, New Hope Borough, Newtown, Upper
Makefield, Montgomery, Warwick and Doylestown are only just a few areas where I
represent buyers and sellers. These are only a few suggestions to consider when
purchasing a home and there are many other considerations. Please feel free to
contact me if you are considering buying or selling a home whether it is now or
you are planning for the future. I would also like to hear your thoughts on
what buyers should consider when purchasing a new home.
Frank Dolski MBA, ABR, e-PRO
Certified Relocation Specialist
Previews Luxury Home Specialist
Coldwell Banker Hearthside Realtors
2006-2013 Top Producing Agent and Agent of the year for Coldwell Banker
Hearthside in Lahaska Office!
2013 Coldwell Banker President’s Circle Recipient – Top 6% of all Coldwell
Banker International Realtors.
Ranked in the top 1% of all Bucks County Realtor in 2013!