Presented By:

Important Facts to Know When Buying a Home

News | 9th May 2012

Most home buyers already know how important it is to know what the current mortgage rates are doing, or what amenities they want in their next home, but realtors say there are several other areas to know as well before signing on the line for your next home. In a new survey by NAR, buyers expected to stay in their current home almost 15 years if they purchased it in the last 12 months. There is a growing trend in home buyers planning to stay more than a decade in their new homes, which is a contrast to a few years ago when many people sold their homes every 2-3 years because of the increasing equity values. Those days are over, so home buyers are planning on staying put. Here are some other critical areas to investigate about your next home.

Planned Community or Not?

Many people like the lifestyle of living in a planned community because of the many neighborhood amenities they offer. Many PUDs offer multiple swimming pools, parks, community centers, and even golf courses. Many times gated communities offer more features, but at a cost of having more rules for the home owners. A home owner may be restricted on what color they can paint the house, what the landscaping must be and what kind of vehicles they can park in the driveway. Communities that are not PUDs may have no restrictions, but that may also have a down side. Areas with no zoning restrictions or community rules may attract owners that are using their homes for business purposes or storing multiple cars, truck and other vehicles and equipment.

Can You Add a Extra Bedroom?

Many communities have zoning restrictions that do not permit the owner to build on additions to the property such as extra bedrooms, family room or even remodeling the garage. Sometimes the HOA may have a clear list of rules on remodeling and additions, or the rules may be in place from city of county zoning laws. It is important for a home buyer to investigate any restrictions on building or remodeling based on their intended future plans. Most HOAs are very up front about regulations and will give a copy of the written rules.

What Housing Amenities are Important?

It is important to consider what amenities are important to your quality of life. Many communities offer swimming pools, parks, tennis courts and other features, but usually at a cost. Many neighborhood may require a HOA fee in order to be a resident of their community. A neighborhood with certain amenities or close to certain schools may be more desirable for future buyers and see a high appreciation rate. An informed buyer should investigate the location of all the important feature for the new neighborhood including schools, parks, shopping, libraries, sport facilities, community centers and access and ease to mass transportation.

Home buyers are becoming more sophisticated in the requirements for their next home. In addition to knowing the current mortgage rates and lending qualifications, buyers are using the internet to investigate other aspects of their new neighborhood. Since many new home buyers are planning on staying their homes at least a decade, it is important that their home can meet all their future needs.

Leave a Reply

Your email address will not be published. Required fields are marked *

Share & Print This Post
Choose A Topic Below

How much is your
Home worth?

Looking for a home? Talk to an Area Expert...
  • This field is for validation purposes and should be left unchanged.
Follow Us

16 hours ago

Maxine & Marti Gellens, Berkshire Hathaway HomeServices

With Interest Rates so low this could be a great opportunity to enter the Downtown Real Estate Market
FOR SALE!
702 Ash St # 407
San Diego CA 92101
1 BED | 1 BATH | 782 sq ft
List Price $ 375,000

The ultimate urban lifestyle awaits from this chic, corner-unit condominium in the iconic El Cortez. Light-filled and lovely, the beautifully remodeled interior includes 1 generously-sized bedroom, 1 bath, city views, newer carpet, in-unit laundry, and a gorgeous granite kitchen with newer vinyl flooring and stainless appliances. El Cortez is a historically designated building whereby owners can benefit from the Mills Act property tax reduction. Community amenities include: 24-hour parking attendant, fitness center, an expansive common area terrace pool and spa, as well as on-site management. The ideal downtown locale provides convenient access to a wide variety of shops and eateries, Petco Park, the Gaslamp Quarter, freeways, Balboa Park, and Little Italy. Call our office for more information or to schedule a showing 858-551-6630
Slide Show here -->> bit.ly/2RP6yD3
...

View on Facebook

3 days ago

Maxine & Marti Gellens, Berkshire Hathaway HomeServices

Shana Tova, happy new year! They say if you do what you love, you never work a day in your life. 🥰How lucky are we to be working together as mother-daughter parters, and in this beautiful place to top it off? We believe our clients benefit from the way we love each other and our business.
#shanatova #shanatovalajolla #shanatovadelmar
#motherdaughter #motherdaughterlove #motherdaughterrealestateteam #whoyouworkwithmatters #lajollarealestate #delmarrealestate
...

View on Facebook

Contemporary View Estate AVAILABLE - FOR SALE!

1740 Colgate Circle
La Jolla, California 92037

List Price $4,100,000

Finally, a sizable, soft contemporary estate that checks off all of boxes on your wish list…an exceptionally private, 4+ bedroom home with a pool and a sport court, situated upon a 0.78-acre parcel nestled amongst meticulously landscaped grounds, showcasing views of the city, bay and ocean. Expertly designed by Architect, Marc Tarasuck. Aesthetically pleasing in every regard, the light-filled interior consists of 4 bedrooms plus an office/library, 6 full baths plus a powder room, hardwood flooring throughout, two master suites, one conveniently located on each floor, and a flexible floor plan with generously-sized rooms. The stunning formal and informal living areas, which boast voluminous ceilings and 2 fireplaces, seamlessly flow from one to the next. The gourmet cook’s kitchen offers a breakfast area with disappearing doors opening onto one of several patios, a walk-in pantry plus a butler’s pantry and a 400+ bottle wine cellar. The upper level master suite features spectacular, southerly views of the downtown skyline, bay & ocean, while the spa-inspired bath has a large air-jet tub and an oversized shower. An amazing office/study with a full bath and closet could be the 5th bedroom should the need arise. An entertainer’s dream, the residence is surrounded by gracious patios, breathtaking landscaping which includes a drought-tolerant front yard, rose garden and fruit trees, a large pool, sport court, as well as a hillside ‘secret garden’. Other amenities: 30 photovoltaic solar panels, a rooftop deck with panoramic views, an exterior pool bath, fiber optic wiring for internet, cable & Wi-fi, and landscape lighting throughout. A quiet cul-de-sac location, privacy and views – this one has it all!
CALL OUR OFFICE FOR MORE INFO OR TO SCHEDULE A SHOWING 858-551-6630
www.youtube.com/watch?v=w-gguBPalBY&feature=youtu.be
...

View on Facebook