Many first-time homebuyers approach the shopping process with excitement and wonder. And while there’s nothing wrong with feeling hopeful, it’s also crucial to be focused and cautious. Keeping an eye out for some warning signs will ensure a successful, risk-free purchase. To ensure you make an informed choice while house hunting, consider the factors below.
Your House-Hunting Checklist: 4 Red Flags to Look For
When house hunting, pay attention to how many days each property has been on the market. If it has been listed for over 60 days, consult your Realtor® to determine why. In most cases, the home was simply listed for more than what it’s worth. However, this can sometimes point to a larger issue, such as a poor inspection report.
Many new homeowners make the mistake of purchasing a property before ensuring the roof is in good standing. The roof should be properly inspected before you place an offer, so you can ensure there aren’t any structural issues or leaks.
3. School Zoning
Home values are directly impacted by the school systems in the area, so research the zoning boundaries for potential properties. Find out if these boundaries are somewhat set in stone or if they shift regularly, as this will affect your home’s value in the future.
4. HVAC System
Consider the condition of the HVAC system when looking at homes. If it needs a complete replacement due to old age or inefficiencies, you’ll be faced with prohibitively high costs. Find out what type of AC and heating units each property has and whether or not they’re fully functioning.
If you’re ready to start house hunting, turn to Bobby Lyerly - Keller Williams First Atlanta in Georgia. Taking a personal approach to every real estate transaction, he helps homebuyers and sellers locate the best communities in the greater Atlanta area. For more information on his listings, visit his website. To schedule an appointment, call (404) 307-4486 today.