Anytime you’re looking for a new place to live; it’s easy to feel overwhelmed by your options. Finding a new place to live is an exciting process, but you’ll have to keep your emotions in check. Here are seven different things you can do to make finding a new place to live easier.
1. If The Place Is Still In Construction, Get Clear On What’s Included In The Purchase Price
Anytime you see condos for sale in a building under construction, you need to know exactly what you’re getting yourself into. Make sure the floor plans represent your actual living space without including extra spaces to make it seem bigger. You should also find out when construction is scheduled to end and if it’s a firm date. Don’t forget to ask if amenities such as parking and utilities are covered in your condo fees or if there’s a different arrangement.
2. Don’t Forget To Negotiate
Don’t feel like you’re being difficult or confrontational if you decide you’d like to negotiate the price. If you already know what you’re able to spend, sending offers within your range can end up in a pleasant surprise. A lot of buyers on the market simply forget to negotiate because it doesn’t feel right. Sometimes development companies will throw in extras (heated floors in the bathroom, crown molding, etc.) if you ask to negotiate the price.
3. Find Out About The Builder’s Reputation
Don’t fall victim to the home building company everyone is afraid of. If a home building company is good at their craft, their reputation will show it. Ask around for recommendations and to learn more about people’s experiences with certain building company’s. Ask things like how the builders reacted to problems, if they were prompt in fixing them and their general approach to the job.
4. Get An Inspection Done Before You Move In
One of the most fatal errors you can make is failing to get an independent inspection before you move in. Assessing the quality of your new home requires more than just a visual inspection. Consulting with a home inspector and a plumber can help you find major flaws in your new apartment or home. What you pay for an inspection pales in comparison to buying a house with hidden problems and having to pay for the repairs.
5. Get Familiar With The Neighborhood Before Making A Decision
It’s important that the neighborhood you live in suits your lifestyle. If you have young children, you probably want to live somewhere with good schools, trees and other kids around. If you’re a professional, you likely want to live in an area where lots of amenities and transportation are accessible on foot. It’s worth your time to explore the neighborhood before making your final decision.
6. Use Facts To Help Guide Your Decision
When you’re searching for a new place, you’re likely to develop an emotional connection to one of the homes you looked at. Although you may love the character or aesthetics of one place, it’s important you make a decision based on the things that are important to your everyday life. You don’t want to sacrifice living in a convenient neighborhood just because you like the color of one home better. Be prepared to make tradeoffs when comparing places.
7. Go With What You Can Afford
While you’re on the hunt for a new place to live, you’re going to be tempted to buy a place just out of your price range. Whether you’re buying or renting, it’s vital to stay on the budget you assigned for yourself. Make sure you include your current debt, deposits, utilities, closing costs and any other applicable fees in your budget. Staying within your budget makes life a lot less stressful.