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Whether you are buying your first or last home, there are a few things that you need to know in order to secure a satisfying deal, while limiting the risks. Buying a home should be a fun and rewarding experience, and the more carefully you plan things out, the easier it will be to evaluate your options and make an informed decision regarding the property that you buy. From evaluating neighborhoods, to selecting a Realtor that will work with you based on your needs, this report highlights the most important factors when purchasing your home. There are many things to consider including: - Choosing a neighborhood reflective of your own lifestyle. - Considering the layout of a home (open concept, 3 story, etc) - Considering the size of the property and whether there is room to expand. - Choosing a property with adequate privacy. - Choosing a property with a backyard, trees or fencing. - Choosing a property that offers features most important to you. - Whether the property needs improvements (and costs associated) - Evaluating the different real estate companies available to you. - Understanding zoning regulations, the housing market, additional costs. One of the biggest mistakes that new home buyers make is rushing into a deal. They see a property that they absolutely love. It’s perfect! The size, privacy, layout – it’s everything they could hope for only to find out that the property needs repairs, or that the land taxes are higher than in a neighboring town. So, it’s important that you keep an open mind when evaluating potential houses, and take your time! There are always other homes that could fit your lifestyle and personal preferences, so if you find one that has potential problems, move on! Careful planning and thorough research will help you make the transition into your new home easier (and more affordable) than if you rush into an offer, or make a last minute decision on a property, so give yourself adequate time to visit properties before you even begin your search. If you are currently renting and are considering giving notice to your landlord, make sure that you feel comfortable with the allocated time in finding a new home. Depending on your area, you may be required to give your landlord 60-90 days notice, so keep that in mind so that you don’t accrue additional expenses by having to pay for rent when you are no longer there. When beginning your search for a home, you want to consider all options so that you can get the best deal possible. And depending on your lifestyle, you will also want to pay attention to other contributing factors including: - Is there high speed Internet available? - Is there cable television available? - Are there ponds, rivers, lakes or oceans nearby? - Are there 24-hour conveniences? (drug stores, grocery stores, etc) - Is the neighborhood aesthetically pleasing? - Is there garbage pickup? - What is the average value of a home in that neighborhood? Our "Home In Portland" is a great resource whether you are a seasoned home buyer or a novice.
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