What Should New Home Buyers Really Consider?
LOUISIANA REALTORS • November 20, 2017
We’ve never had more access to information when it comes to making a new purchase than we do today. Whether it’s a new phone, TV, or even a new car; we are now able to essentially make up our mind before we ever see the product. While this access to information is great, it can also force us into a decision we may not be ready to make or understand. Of course the larger the purchase, the more there is to consider, and this couldn’t be truer than when buying a new home.
This is where the expertise and experience of a REALTOR®
can really pay off. You may have your mind set on a certain size, floor plan, and amenities; but are you positive that these features will meet your needs and wants? Here are a few things to keep in mind as you shop for a new home.
Don’t get hung up on square footage
It’s easy to get a number stuck in your head when it comes to square footage. However, there are many other things to consider. How tall are the ceilings? Are there granite countertops? You can look at two identically sized homes and they can vary drastically in amenities and price. So be sure to have some other objectives in mind and don’t focus solely on size.
Focus on the floorplan
The floorplan in the home you choose is pretty much permanent; short of a major renovation. So even if you aren’t wild about the finishes, floors, or colors, choose a home with the right living room, kitchen, and bedrooms, and you can inexpensively update and upgrade the aesthetics.
Consider the neighborhood
Remember that you are going to be joining a community, not just buying a house. Understanding the values, interests, and ages of your new neighbors should be a key consideration; even if the house isn’t what you imagined, but the neighborhood
is. Accounting for schools, proximity to resources, transportation, and infrastructure should all by key metrics in your decision making process.
Stick with what’s important to you in a home
While a lot of what has been mentioned above urges you to keep an open mind, it is just as important to stick with the items that are non-negotiable. Does the sound of traffic bother you? Then don’t compromise on size and don’t accept a lower price if you still have to listen to it. Does a long commute not work for you? Stick to your guns and keep looking for something that meets these needs.
CONTACT US
As previewed last week, NAR is pleased to share the latest consumer guide focused on buying land and building a new home. This guide covers how to find land for sale, explains construction loans, and weighs the pros and cons of building a custom home. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Buying Land and Building a New Home Deeds and Titles Alternative Listing Options Navigating Multiple Offers Homeowners Associations Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover property title theft.
Negotiating a real estate deal can be overwhelming, especially for buyers who don’t have experience with the process. Here are five key negotiation strategies smart buyers use—and how working with a REALTOR® provides a competitive edge.
As previewed last week, NAR is pleased to share the latest consumer guide focused on deeds and titles. This guide covers the difference between a deed and a title, common types of deeds, and title searches and insurance. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Deeds and Titles Alternative Listing Options Navigating Multiple Offers Homeowners Associations Marketing Your Home Thank you for continuing to engage with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover buying land / constructing a new home.
