Home Purchase
Buying Homes
Benefits of Buying Homes
Home Buying Credit Preparation
Budget for Home Buying
Home Purchase Loans
Old or New Home for Sale
Choosing Location to Buy Home
Checking home buying neighborhood
Find Homes For Sale
Why Use Broker to Buy Home
Before Buying Homes
Checking out new home to buy
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How to screen properties before buying homes
(Before Buying Homes before buying, homes, home, screen, property, real estate, neighborhood)
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When you (or they) have found propective properties when buying homes, you must screen out any unwanted prospects. Always drive by before you actually make an appointment to see the home. This will save you a lot of time by eliminating any obviously bad neighborhoods or homes. Besides the obvious observation of the home you are thinking of buying, also look at the neighborhood around it. The condition of other homes on the block will tell you a lot about the neighbors. Look at the cars parked in the driveways, are they new and shiny - or rusty junkers? Take note of the parking situation on the block as well, you may want to drive by at different times on different days of the week. Is there sufficient parking, or will you have to park a mile away from your new house and walk it home? The homes immediately next to and around your prospective new home should be scrutinized, are they well maintained and worthy of living next door to? If a home is too delapilated, it is possible that it will be knocked down and rebuilt in the near future - do you want to have to live next to a construction site? And worse, what monstrosity will they build in its place?
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Are there any shopping centers or stores in the immediate vicinity of the home you are buying? This could create traffic and noise problems, as well as parking issues, patrons may block your driveway or hog your parking spaces in front of your home. Train stations and train tracks are the worst possible thing, both in noise and traffic - as well as vibrations. Trains are huge, heavy, and travel around the clock. Even several blocks away the vibration from a passing train will rattle the home you are buying. Commuters tend to drive to train stations and park in its vicinity, this could generate parking headaches during work hours if you (or anyone else) are thinking of buying the home. Airports are by far the worst noise makers - even as far as 10 miles away. Be aware of any airports, even small commuter or private airports, in the area when buying homes. Airports often change flight paths of their air traffic, so even if it appears to be quiet when you check out the home to buy near an airport - it is more than likely that at some point airplanes will in fact pass over your new home. You really do not want to be anywhere near an airport.
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You should also walk around the neighborhood, up and down the block, side streets, and especially behind the home you are thinking of buying. Visit at different times, during quiet periods as well as when you would expect it to be a busy time. Do you feel safe walking around, remember you will be living in that neighborhood for a long time should you buy the home. How is the traffic around the area, is it noisy, a racetrack, buses puffing fumes, is it easy and safe to cross the streets? Avoid buying homes on corners or on main roads, just pulling out of your driveway into traffic could be a daily nerve wracking affair. Watch for bus stops, where there is a bus stop there will always be buses - and hordes of bus passengers. Do you want to live next to an incessant line of exhaust emitting buses, and an unending line of bus commuters (most of whom will be tossing their coffee cups and lunch wrappers on your lawn)? Are there any schools or parks or other public places around, that could attract excessive crowds and cars and noise? Is there a police station or firehouse within earshot? Emergency vehicles are very noisy, and they tend to be noisy around the clock as they respond to emergencies. It is good to have emergency services NEAR the home you are buying, just not NEXT to it.
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If you have friends or family members that live in the area, or are familiar with the area, you should talk to them before you buy homes there. As local residents, they will know about any safety/crime issues in the area, as well as other important things such as flooding during heavy rains. They will also know about traffic conditions, parking issues, transit (such as bus routes, distance to train tracks, airport, etc). And you will also be able to find out about schools, parks and shopping in the area - after all you are thinking of buying a home and moving into that neighborhood. Most importantly, they may know something about the people who will be living next door to you - especially if that neighbor has a sensational past. The last (but not least) thing to find out about the neighborhood before buying homes - if there is any planned road expansion, highways, or other major development in the area. Road widening could gobble up your new lawn (eminent domain) leaving you with less property than when you buy the home. Road rebuilding or new sewers/water mains will bring years of noise, dirt and grief in the new home you are buying. A new highway or entry/exit ramp on your doorstep will really ruin your remaining days. So be sure to check out the area before buying homes there, life can be full of surprises but at least you can try to eliminate some of the obvious problems before buying the home.
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Choosing Old or New Home for Sale
(Old or New Home for Sale old, new, home, sale, buy, used, repair, buying, homes)
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One of the most important decisions when buying houses is choosing between a old home, or a new home. Generally a new home is one that has been built less than 10 years ago, it may be pre-owned or brand new just built, or even yet to be built. New homes can be more expensive than older homes, because older homes will probably require some repairs or home improvements. So you will either pay more for a newer home up front (with less expense for immediate repairs), or pay less initially for an older home - but you will have to budget for more expense in repairs and improvements in the near future. It does really work out to the same thing in the long run, you just have to be smart and include repair expenses in your home buying pricing budget. While some people want a new home because they don't want to be bothered with repairs, often it becomes easier to buy an older home for less money up front - and then spend on repairs and upgrades over time. There is a saying "they don't build things like they used to" - which is very true in home construction. Older homes tend to be built much better, labor costs were lower in the old days, so builders would use better materials and spend more effort in building homes to last. Today with the growing costs of timber and other building materials, as well as higher labor costs, builders tend to take "shortcuts" in construction - both in sub-standard workmanship (to save labor costs) as well as lower grade materials. Most homes are constructed of wood (or have substantial wood content). In the past trees were allowed to grow to an older age which made that wood sturdy and long lasting. Today, trees are farmed like vegetables with quick cut down times, and young wood does not have the same strength or quality as aged wood.
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The roof is another big expense that may hit home owners. Newer homes have new roofs, but depending on the grade used by the builder, the roof may last only 10 years (or upto 30 years, if good quality roofing tiles were installed). Older homes will definitely need a new roof - unless you get lucky and find an old home to buy that just had a roof replaced. New roofs come in different price ranges, the cheapest last the shortest time (about 10 years) - and paying more will get a 30 year roof. While regulations vary by state and locality, you can generally "overcoat" a roof twice. This cheaper alternative to replacing the roof is to simply apply new roofing tiles on top of the old roof. Whenever your homes roof is replaced or re-tiled - you should also have your rain gutters checked out and replace them if necessary. Most damage to a roof comes from poor drainage on gutters. When rain (or snow) collects in the gutters without being drained, the water saturates the overhanging roof tiles. This causes water seepage and can cause the tile to warp or separate, which allows more water seepage that makes the problem worse. The roofing base will then warp and all the tiles will start to separate, causing leaks during rain and snow. Most homes have interior walls that are made of sheetrock (also called drywall) that is mounted on the wood (or steel) wall frame. When you buy an older home, the walls may have dings, dents, holes, or may even be warped from age or abuse. Painting a bumpy warped wall will result in a painted bumpy warped wall. Very old homes (like from the 60's) may have sheetrock mounted with "drywall nails" not screws. These old nails do not secure like modern sheetrock screws and will slowly be pushed out over time as the wood expands and contracts with the seasons. These rising sheetrock nails make ugly bumps, and may even show rust spots. Additionally over the years many coats of paint may have been applied, resulting in an uneven wall surface. Newly built homes obviously will have smoother walls. If the walls and ceiling of an older home are in too bad a shape, plan on replacing the sheetrock as part of the home improvement. An important thing to remember if you decide to replace the sheetrock/drywall on an older house, always replace the plumbing and wiring if you open up the walls (if they are old). Otherwise you may end up doing the same thing again when the pipes or wires fail.
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While older home construction was considerably better in workmanship and materials, some construction materials have since been vastly improved. Water pipes and electrical wiring for example, are much sturdier and safer today. Older homes may have soft lead pipes and aluminium electrical wiring, both of which can give costly repair headaches (and safety issues). One of the "must do" home improvements on an old home is to upgrade both the plumbing and the electrical wiring, both for safety as well as for convenience. Newer plumbing (toilet and showers especially) are more water efficient, which will substantially reduce your water bill in the long run. Old pipes will eventually break or leak, which will be messy as well as expensive to deal with after the fact. Old electrical wiring and "fuses" may cause short circuits or deadly fires in your home, electrical wiring should always be upgraded on an old home for safety reasons. Remember, today's appliances are different from what they had back then, old wiring may not be able to handle the demands of the new and extra devices we use today (dishwashers, freezers, air conditioners, computers etc). Another big problem with older homes is that they may not be energy efficient, especially in cold climates. Home heating bills are among the highest recurring expense for home owners. Older windows were simply not efficient, with single pane glass and drafty loose fitting frames. Newer homes usually have double pane insulated windows and draft free sealed frames. Older homes will require upgrades to their windows to avoid astronomical heating bills during winter (and cooling bills during summer). Exterior doors on older homes also suffered from the same draft problems. Newer doors have better door edge and door frame insulation, which eliminates drafts and energy waste. Older homes should also have their exterior doors replaced (or upgraded) to save money in the long run.
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Driveway and sidewalk paving could also be a hidden expense. Older homes may have "blacktop" on the driveway (tar and gravel) which falls apart easily and is a nuisance to repair. Newer homes generally have concrete used for sidwalks, driveways and patios. Concrete does last for a long time - however, older concrete tends to be sturdier (another case of "they don't make things like they used to") and lasts even longer. Today's concrete tends to have poor quality, and will chip and crack easily - the materials are more expensive today than in the past, and builders tend to cut corners. So in deciding wether to choose a newer home, or an older home to buy - be sure to take into account the repairs and home improvements that will be needed. Even with new homes, you (or him or her) may not like some part of the home (such as an extraneous wall for example) - and you may still have to spend on making some changes. Energy efficiency does pay off in the long run, and keep in mind that upgrades to windows and exterior doors will also increase the appraised value of your home.
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