Home Buying: House Hunting Checklist

Because homes are a big investment, it only makes sense to purchase a home that meets all, or most of your needs. Consequently, home buyers should evaluate their needs, and put it down in writing. This makes for easy comparison when touring different properties. Although creating a house hunting checklist may not result in finding your dream home quickly, it can help you sift through less desirable properties. Each checklist will vary. For example, buyers with children may be concerned about nearby schools, parks, and so forth. On the other hand, buyers without children may want to stay away from streets heavily populated with children. Nonetheless, here is an example of a basic house hunting checklist, which includes a few important factors to consider when looking for a new home.

âÂ?¢ Is the Property Conveniently Located? – Even though some people prefer living in secluded areas, many others favor neighborhoods centrally location. For example, will the children attend a nearby school, or one located on the other side of town? How far is the nearest throughway or highway? Are shopping centers and grocery stores in close proximity?

âÂ?¢ Is the Neighborhood Attractive? – The majority of home buyers are greatly concerned about the overall appearance of the neighborhood. Even if your home and yard is nicely manicured and well-maintained, a neighbor’s lack of concern for their own yard can create a distasteful setting. For this reason, some home buyers will pass over homes located in un-kept or filthy neighborhoods.

âÂ?¢ Monthly Condo Fees – Some neighborhoods have monthly condo fees and property owner’s association fees (POA). Often times, POA fees are low, perhaps $25 a month. This is cause for little concern. On the other hand, if the neighborhood is govern by condo laws, residents are required to pay a monthly condo fee, in addition to the mortgage. Fees can range from $50 to $200 a month. Before submitting a bid on a condo, inquire about condo fees.

âÂ?¢ Is There Plenty of Parking? – If you love to entertain family and friends, parking is likely a top concern. Unfortunately, some condo and town home communities have limited parking. Furthermore, passes are required for all vehicles parking within the community. If you do not want the hassle of dealing with a parking crisis whenever guests visit the home, choose a neighborhood with ample unassigned parking.

Other possible inclusions on the house hunting checklist:

� Does the yard offer privacy?
� Does the home include adequate electrical outlets in each room?
� Is there enough closet space?
� Are the rooms and bedrooms large enough to accommodate furniture?
� Is the floor plan or layout of the home conducive to personal preference?