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Buying Guide Of Real Estate



N


o two people have the same      of your real estate.              
take on the same Real                                             
Estate, but you can use         •Bedrooms and bathrooms: Three-   
guidelines to help determine          and four-bedroom houses are       
whether a property is right for       usually the most popular. Look    
you.                                  for houses with two or more       
                                      bathrooms.                        
•Location: Before you buy real                                          
estate, make sure the community       •Kitchens: Buyers usually find    
appeals to you. Consider              larger, renovated kitchens with   
proximity to schools, markets,        modern appliances more desirable. 
and other amenities you find          Kitchens that connect to a dining 
important. A good community and       room offer convenience. Also look 
prime location can also help          for easy back yard access if you  
maximize the resale value of your     enjoy entertaining outdoors.      
real estate.                                                            
                                      •Pools: Buy a home with a pool    
•Lot size: While most buyers pay      only for your own enjoyment—not   
the most attention to the square      as a real estate investment. Note 
footage of a house, lot size can      that families with small children 
also be an important factor when      may view a swimming pool as a     
assessing the value of real           danger, which can reduce the      
estate.                               number of potential homebuyers    
                                      you attract if you decide to sell 
•House size: Look for a               your real estate in the future.   
neighborhood where the homes are                                        
roughly equal in size and             •Garages: If the property has a   
amenities. Nearby homes that are      garage, make sure it is sized to  
significantly smaller in size         fit your lifestyle and the        
could bring down the resale value     neighborhood. Two-car garages     



tend to be more desirable than        pieces. Have the roof inspected.  
one-car garages.                                                        
                                      •Plumbing and electrical: Pay     
•Closets: Make sure you have          attention to bathrooms and        
plenty of closet space. Many find     bedrooms. Find out if the         
walk-in closets in the master         plumbing and electricity work.    
bedroom desirable. You'll want                                          
spacious closets in the rest of       •Fixtures: Consider fixtures,     
the house and space for linens        such as ceiling lights, faucets,  
and towels.                           and exhaust hoods. Also evaluate  
                                      property status.                  
Evaluate All Real Estate Aspects      •Code: If the property includes a 
                                      home or building, confirm that    
Property condition is a key           the property satisfies local      
factor in determining the value       building code requirements.       
and price of real estate. Inspect     Consider calling the local        
the property. Find out what might     department of buildings and       
need repair or attention. Find        inspections to determine if the   
out whether there are any             property has been cited for any   
termites or other pest issues.        code violations. Some             
Consider using a professional         jurisdictions may have this       
inspector trained to uncover          information available online.     
potential problems you may not                                          
see.                                  •Liens: Check for liens and       
                                      encumbrances on the property. If  
•Structure: Look at all walls,        the title is not clear, what are  
ceilings, floors, doors and           the easements on the property?    
windows, as well as the               Title insurance can be very       
structure’s floor coverings for       valuable in assuring that you are 
any cracks, gaps, or missing          taking title “free and clear.”    



Finally, look at the market.                                            
                                      •Prevailing rents: If you intend  
•Appraisal: Consider getting an       to rent the property to tenants,  
appraisal report. An appraisal        check prevailing rental rates in  
report can provide helpful            the specific area in which the    
information on the value of the       property is located. Rents can    
property compared to others in        vary greatly by neighborhood.     
the area.                             

                              




About the Author:

Subhash Kumar SEO Manager For more details on Real Estate see our http://www.halfvalue.com/realestate/Real-Estate.htm . Visit our http://www.halfvalue.com and http://www.halfvalue.co.uk web sites for more info.


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