Easy checklist for getting started on a home search
First time investing a home? Don’t worry! Here are some tips to get you started.
1. Location, location, location.
A little clichéd, but true nonetheless. A marvelous house is nothing if it means the commute is twice as long or your tenants are compromising choice schooling for their children. Not only that, but location will affect resell as well. Before you even begin a house search, establish exactly how far it should be in terms of commute and public amenities such as grocery stores, restaurants and entertainment venues.
2. Know what you need.
Do you have your heart set on a two-story house with French doors, a Jacuzzi, and hard wood floors? Why? What are the real things you and the people who will live with you actually need? Make a list of features you want and try to focus on the things that are needed. Start by thinking about what you like and dislike about other residences.
Did you know that you have access to a wealth of information on the Internet, including recent home sale prices and neighborhood statistics? Study up as much as you can. It will make the investing process a lot easier and clearer the more you are prepared.
4. Keep a list.
It’s a good idea to tour as many homes as you can to get a feel for what you’re looking for. Remember, a listing online can never truly capture the feel of a house in person. Touring more than a few homes can become confusing and they can start to blur together. Keeping a list of the homes you’ve visited and what key features each had can help trigger your memory.