Â As a real estate agent I show a lot of homes.Â Â
Some are old and some are new, some are borrowed (leased) and some are blue (Sad condition).Â Â
I make that analogy to marriage because picking a house can be just as important as picking a spouse.Â Â
Is it going to fit your life style? Is it going to complement your wants and needs? Does it have the features that you want?Â Â
This place is going to help you create life long memories. The selection process is a large part of whether they will be good or bad memories.Â
There are many important questions that you should be asking yourself before you actually start looking.
1: Old vs new?Â Â While houses are not quite like cars, they do occasionally devalue when you take them â€œoff of the lotâ€.Â Â Typically you will be able to get more square footage for your money when you buy a pre-loved house, but is that square footage usable and does the house feel that big. Open floor plans that are very popular today were not commonly built several years ago.Â Â They actually designed houses so that each room was almost completely separate.Â Â I have seen 3000 square foot houses that look smaller than new construction 1800 square foot houses.Â
2: Borrowing a home? Some people feel much safer leasing a house as opposed to buying one.Â Â This can be a good choice if you are only going to be in an area for one year or less.Â Â It can be nice that you donâ€™t have to worry about maintenance on a house, but you are paying a huge premium for that comfort.Â Â In north Texas, the average monthly rent on houses that have leased through the MLS is $1,129.Â Â The average lease is 12 months.Â Â So by using our friend math, it looks like you are going to spend $13,548 on rent in a year.Â Â That is money that is going straight into someone elseâ€™s pocket and I can almost guarantee you that the ownerâ€™s mortgage payment is less than that.Â Â Â Now, I understand that when you finance a property that you will be paying money to the bank in interest every month.Â Â But wouldnâ€™t you at least like to have some of your money actually working for you and not someone else?
3: Something blue? Condition has probably more to do with a home than anything else.Â Â The common expression is Location, Location, Location but I have seen people pick an area a little further away than intended because they can get a nicer house in a different city.Â Â Some people buy a fixer upper with the intention of fixing it up.Â Â You would be amazed how many of those projects are still on their to-do list when they decide to sell the property.Â Â There is something to be said for move in ready. Another thing to consider is what you canâ€™t see.Â Â Energy efficient or GREEN features have only recently become popular in home building.Â Â If a house is built with the right kind of features you would be amazed with the difference in your utility bills.Â Â You can use that savings to pay more on your house, instead of literally throwing it into the air.Â
This is a lot to think about.Â Â Perhaps the best decision that you can make in the buying process is to find a good Realtor early in the process.Â Â A good agent can not only help you find houses that work for you, they can also educate you on features and amenities that are available in the market.Â Â A full time agent literally does this every day.Â Â We are not just for opening doors and writing contracts.Â Â I am personally not a pushy salesman.Â Â A good product sells itself. All I do is make you aware of what's out there and take you to see it.Â Â Also, make sure your agent buys you lunch at least once while you're looking.Â
Thanks for reading!
Let me know if I can help with anything.