Signs of A Good Property

We are currently in a very competitive real estate market, favoring sellers. Buyers are feeling the stress to jump on whatever comes their way, no matter what the details are, in a desperate attempt to enter the real estate market by any means possible. While we understand the desire to want to secure property, it is also important to remember that this is a long term investment; and the biggest financial investment you’ll likely ever make. Do not make a bad investment just for the sake of making an investment.

With that in mind, here is what to look for in a good house:

Location: A good location can significantly impact your quality of life and the property's resale value. Look for a house in a safe neighborhood with good schools, access to amenities, a good walk score, and a reasonable commute to work.

Structural Integrity: A structurally sound house is essential. Look for signs of structural issues such as cracks in the foundation, uneven floors, or doors that don't close properly. A professional home inspection can help uncover any hidden problems, and is essential! Do not skip this step.

Size and Layout: Consider the size and layout of the house to ensure it meets your needs. Think about the number of bedrooms and bathrooms, the size of the kitchen and living spaces, and whether the layout is functional for your lifestyle. Is the space adaptable?

Energy Efficiency: An energy-efficient home can save you money on utility bills. Look for features such as double-pane windows, good insulation, and energy-efficient appliances. They may cost more upfront in the value of the home, but will save you in the long run.

Curb Appeal: While curb appeal may seem superficial, it can impact your enjoyment of the home and its resale value. Look for a well-maintained exterior with landscaping that enhances the property. Remember that the way someone cares for the outside of their home is often an indicator of how they cared for the inside of the home.

Price: Consider the price of the house in relation to its value. Do not get tricked into paying an outrageous amount of money for a home just because it is a “seller’s market.” This is where having me, your trusted real estate professional, is so valuable. I can ensure you’re making a competitive, but fair offer.

In a seller’s market you must dance gracefully on the line between making considerations due to the competition, while also protecting yourself in the long-run.

We are here to help!

(Image Created Via Canva)

Posted by Ken Richter on


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