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| 5 Important Features To Consider When Buying a Home |
By:
Nef Cortez |
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With so many questions to consider when buying a home, a buyer can get muddled in the myriad of details involved. However, the following are five general pointers that a home buyer should examine about a home's physical features as you do your home shopping and compare different properties during the home buying process.
1) House Size
In each residential neighborhood, houses will vary in total square footage and the number of rooms; however, they should not be too different. Since the 50's, house size has almost doubled from an average of 980 square feet to an average of 2,000 square feet. When determining market value, the homes adjacent to the house you are interested in are the most important. If most of the nearby houses are smaller than your house, they can act as a drag on the price appreciation of your house. Remember if resale value is an important consideration, you should not buy the largest house in the neighborhood.
Furthermore, if you choose to buy a small or medium house for the neighborhood, the larger homes will help raise your home's value.
2) The Kitchen
Family activity is usually centered around the kitchen, so this room has become the most important room of the house. As a general rule, homes with larger kitchens are more desirable especially if they are equipped with modern appliances. With today's open floor plans, the dining room and breakfast nook should be located adjacent to the kitchen. In newer houses, floor plans usually place the family room close to the kitchen as well.
If there is easy access to the back yard, this is an even greater plus, as there will be occasions for barbecues and outdoor entertaining.
3) Bedrooms and Bathrooms
Three and four bedroom houses are the most popular among homebuyers, so if you can stick to buying in that range you will have more potential buyers when it comes time to resell.
There should always be at least a minimum of two bathrooms in a house, preferably at least two and a half. At the very minimum, look for houses that have one bathroom that is accessible to guests or will be the one shared by the other bedrooms, and one for the master bedroom.
4) Storage - Closets, Garages and Laundry
Walk-in closets are extremely desirable for the master bedroom. For the rest of the house, just be sure there is plenty of closet space. Don't forget to check for storage space for linens and towels. Many linen closets are placed in hallways near bathrooms.
A garage will add to the resale value and you should always make sure to get at least a two-car garage. Lately, three-car garages have become desirable in some areas of the country. In addition, it should be a short trek between the garage to the kitchen so that hauling groceries in from the car does not become a chore that you will dread.
The laundry facilities should be located somewhere convenient on the main floor of the house, but not in a place that it will create an eyesore.
5) Lot and Landscaping
Even though most real estate value is usually concentrated in the structure itself, the lot is important, too. Make sure that the lot is as level as possible. Assuming the property is in a typical neighborhood, look for a house that is on a lot that is rectangular. Try to stay away from odd shaped lots or oddly situated lots.
Yard sizes are smaller in modern homes than in older homes, but there should still be a decently sized front and back yard.
Remember that overly landscaped properties will usually be priced at a premium which you may not be able to recover when you sell. You will get your best value if you choose the house that is moderately landscaped or under-landscaped for the area. You can always improve the landscaping during your ownership by improving the lawn and adding bushes and trees.
As a general rule, like most things that you will buy in life, houses have their pros and cons. You will be much more satisfied with your purchase if you concentrate on the positive aspects of a home that are on your "most desirable features" checklist or those that will improve your resale value. Other less important features can be satisfactorily and creatively addressed in the course of your home ownership
About the Author:
Nef Cortez has been a licensed real estate broker and has held various positions in the mortgage and real estate industry for over 25+ years. Visit his website at http://www.nefcortez.com for FREE information on foreclosures. |
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