While many home buyers prefer to do their shopping in the summer, looking for a home in the winter also has its benefits. In this case, the mortgage bankers at Premium Mortgage Corporation, with offices in Buffalo, Rochester, and Syracuse, NY, as well as Barre, VT, urge their customers to be wary of the proper procedures for house hunting in the winter. There are many factors to look for when purchasing a home, many of which affect the overall value of your investment.
Searching for a House This Winter? New York Mortgage Bankers Offer 3 Tips for Buyers
Check Out Windows & Doors
While a drafty home is uncomfortable, it also leads to increased utility bills. As a result, winter house hunters should check the condition of windows and doors to determine if any air is getting through. If so, speak to the seller about remedying the issue before moving forward.
Make Sure Trees Are Healthy
Winter is an ideal time to look at the condition of any trees on the property. An ailing tree can bring down the property value if it casts an unsightly appearance, and you may even need to remove the tree altogether, which can be expensive. According to mortgage bankers, curb appeal is an important factor in the value of a home, and dying trees can diminish the visual appeal of your home.
Do the Sniff Test
Water leaks can cause moisture accumulation in the home, which in turn can lead to mold and mildew. Accordingly, a home may smell damp or musty, and this smell will likely increase in the winter months when all the windows are shut. Be on the lookout for any water damage in the basement as well, which is a common source of home leaks.
No matter the time of year, getting a great loan rate on the home of your dreams requires the work of a skilled mortgage banker. Call the team at Premium Mortgage Corporation at (585) 241-0000 for assistance in the home buying process. You can also visit their website to access their quick and efficient mortgage calculator.
Corporate Contact Information:
2541 Monroe Avenue
Rochester, NY 14618
NMLS #3254 Equal Housing Lender
Licensed Mortgage Banker NYSDFS