Property Management Buying New Vs Buying Older Home And Inspections
Information About Choosing a New Home or Buying an Existing Home
When any family is looking into buying a home, they are confronted with an important decision it is should they buy a new home or and existing home. There are a few things that should be considered before buying.
First of all design and layout is something that should be taken into consideration. Newer homes usually have bigger rooms, more closets, and more bathrooms. Also there are more options like paint color, the type of cabinets, king of flooring, and also custom wiring. Also a new home could feature walk in closets and extra bathrooms. An existing home is just what the previous owner had for a design, it may not be what you would like however this can be all changed . To renovate would be a costly job and upgrades can also be quite expensive. For everyone that has a love for Victorian style home or for hardwood flooring will fall in love with an existing home.
An existing home can be cheaper to buy, but in the long run they will usually require more maintenance which will increase the cost. New homes should not need any repairs for some years usually they include aluminum siding, along with pressure treated decks. But negotiation on price should be made with an existing home.
Buying a new home will mean new insulation, newer windows, and a more efficient heating and cooling system. An existing homes use more power, have older windows, and they are less energy efficient.
Existing homes are not as safe as newer homes this is because a newer home has recent fire alarms, and along with this it would have a burglar alarm. Existing homes would have to have these updates made and in turn it would be another expense.
Buying a home is an expensive and an exciting process. To try to make things easier for your decision try making a list of what it is you are looking for in a home. By doing this it will help you make the choice that is right.
What to Know About Home Inspections
It is a rare thing to happen for a home to be bought without any home inspection followed through first. Even if the seller is advertising their home “as is” this doesn’t mean that you can not get it inspected. If you are interested in a house that the bank owned you must be sure that a home inspection is followed through before you buy. The reason for this is because the banks do not give any disclosures, and they do not know of any problems because these will have to be found all by yourself.
There are many people that have advertisements as home inspectors. Unfortunately you may not get the best references for a home inspection form your agent either. An agent is scared you might find a problem that may turn you away if they give you the name of a great inspector. These are very tough times and all agents should be very loyal to all their customers.
If you have an inspector that is just going to give you a visual inspection, this is not good, you could do this on you own; looks like there was a water leak there. All good inspections include; temperature check of all appliances, furnace and air cooling system checked, the hot water tank needs to be checked for the water pressure, outside lighting and wiring needs to be checked, lights and fixtures have to be checked, full inspection of the foundation for any cracks, they will need to get up onto the roof, climb through the attic, check the garage along with all of the storage spaces.. This is just the beginning of a good inspection. After this is all finished you will receive a report of everything that had been done, from there you should be able to make a clear and wise decision.
An agent’s best way to not get any phone calls that they do not want is to advise the buyer fist and to be sure that they have the home inspected before they buy.