Buying a new home is a big decision. Your home is your greatest financial asset. It is also your refuge from the world and a place where you can relax. You will ideally spend a considerable amount of time in your home, so you want to buy the right one for you and your family. Make sure you avoid these common mistakes when buying your Pittsburgh home.
If you cannot afford to pay for your home, you risk losing it in a foreclosure. To determine if you can really afford a home, you have to look at more than the asking price. Not only do you need to make your monthly mortgage payment, you also need to pay for your home’s regular maintenance, taxes, insurance, and utilities.
Appearances can be deceiving, especially with homes. What appears to be beautiful stucco can disguise a rotting wood frame. A fresh coat of paint can cover mold and water damage behind a wall. This is why you should always have a home inspected before you buy it.
A good agent can save you time and stress in this hot real estate market. Hiring an agent to work on your behalf as a buyer does not cost you. A buyer’s agent can help you with your offer strategy, guide you to reputable professionals and walk you through the closing process.
There are a lot of factors that go into determining the right neighborhood for you. Is the home in a good location for your daily commute? Consider the school district even though you may not have children to attend these schools. Also look for parks, trails, shopping, and restaurants. Don’t forget to check the crime statistics as well.
If you spend a considerable amount of time in your backyard entertaining guests and relaxing on weekends, you want a home that gives you the space to do that. Likewise, if you’re rarely home except to sleep, you don’t want to spend your weekends mowing an oversized yard.
When you are caught up in the moment of finding a home, it is hard to think that you may someday have to sell this home. Life sometimes provides us with twists and turns we never anticipated. You may end up with a job transfer, caring for a relative, or outgrowing your home. Talk to your agent about resale value in the neighborhood.
Let us help you avoid mistakes when buying Pittsburgh real estate. We are experienced in the local market and can help guide you to a home that fits your current needs but can also meet your future needs. Let’s talk about your needs and wants in your new home.