Buying a home can be both exciting and stressful at the same time. Knowing what to look for when purchasing a home is essential to all buyers looking.
Construction Quality. How is the house built? Is it made of concrete or wood, or other. Find a copy of the building plans and make sure a structural engineer explains the construction quality of the home prior to purchasing. Buying a property that is not built well, has foundation problems, or other is important to know going in.
Location of the property. Is the property in an area where the home values are stable? Is there high crime in the area? Is the home in a highly rated school district? Is the property located near a power substation, a main road, or in an area with bad soil quality? These are all factors to take into consideration, as buyers may not be able to afford a home with everything on their wish list. Location is a prime factor, and often the most important when buying a home.
Floorplan/Footprint of the home. Is the footprint of the home what you are looking for? Is it functional? Does it have everything that you are looking for in a property- bedrooms, bathrooms, large kitchen or family room, 2 car garage, covered lanai in the front or back. Does it have high ceilings? It is often expensive to change floorplans, by removing walls, structural beams, etc. Make sure that you are comfortable with the floorplan, as cosmetic issues are no big deal, but you will be stuck with the floorplan that you purchase, unless extensive renovations are made, if that is even possible
Lot size/location. Is the lot that your home is situated on what you are looking for? Does it have a large area in the front/back/side, etc? Is it located on a water feature, with expansive views in the back? Do you have room for a long driveway in the front to fit your vehicles? Is it small enough to maintain, or large enough for your likes? How close are your neighbors to you on each side of the home? Is the lot in a highly trafficked area within the community? Once you buy your property, you will be forced to work with what you have.
Big Ticket Repair Items. Is the roof sound? How many years of life are left on the roof? Are the windows old, and do they have hurricane protection on them? How old is the HVAC? Is the electrical panel and wiring old and outdated? Are all of the bathrooms and kitchen original, or redone to your liking? Is the yard landscaped with a functional sprinkler system? Buying a home is great. Buying a money pit is not, especially if you did not think that was the case going in. Know what you are buying. Hire a good home inspector/engineer and be aware of future costs for big ticket items.
There are so many factors to consider when buying a home. Make sure you are aware of them all. Ask questions during your inspection period, and rely on a licensed Realtor to assist you and take off some of the load along the way.
If you’re ready to buy or sell a home near Delray Beach, Florida, call our Broker, Jeremy Olsher, at 561-400-3737. Jeremy has been a full-time licensed, realtor in South Florida for over 14 years. Since February 2005, Jeremy has worked through the challenges, changing market conditions, and ups and downs of the South Florida real estate market. He is happy to answer any questions you have, and help you get started!
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Jeremy Olsher is the Broker and Principal of Mizner Residential Realty. He has been a full-time licensed, realtor in Delray beach, Florida for fourteen years. Since February 2005, Jeremy has worked through the challenges, changing market conditions, and ups and downs of the South Florida real estate market.
- Jeremy Olsher, Broker - Mizner Residential Realty