In today’s technologically-advanced society, buying a home has never been so simple. You can do everything from applying for a home loan online to taking virtual tours of homes that are thousands of miles away as well as those in your community. If you’re in the process of buying a home, make sure to look for these top five features to ensure you get the best deal possible.
A Reasonable Mortgage that Complements Your Lifestyle
There are many options to consider when you are looking into getting a mortgage loan. There are fixed-rate mortgages and variable-rate mortgages, but there are also those that are fixed for a specified period of time and then become a variable rate. On top of this, any of these loans can have terms that range up to 30 years.
Before you decide on a mortgage loan, you will need to consider your long-term plans. Are you buying a starter home that you will only live in for 5 to 7 years? Is this the home where you plan to raise your family for the next 20+ years? Or are you an empty nester and plan to downsize and retire in this home?
All of these positions may have a bearing on the type and term of mortgage loan that will help you meet your goals.
If you are getting your starter home and plan to only live in it for a short time, one of the variable-rate products may be for you since the initial rate on these are generally lower. However, if you are setting down roots to raise your family, a longer term fixed-rate loan may better fit your needs.
To get help in determining your mortgage loan direction, you may want to contact a loan officer to help you sort things out.
An Updated Kitchen
The kitchen in a home can be a deal breaker. If it’s not updated, you should carefully consider looking around for a home that has one. Kitchens, over the years, have become the social focal point of a home, and it’s because of this that you should invest in a home with a large kitchen that has updated appliances to help save on energy expenses.
A Quiet Neighborhood
It doesn’t matter the lifestyle you live, you will want to live in a neighborhood that is quiet and respectful. Because of this, it’s usually best to purchase a home not located downtown, but in the event that you do, at least make sure the safety and crime rates are favorable. When you buy a home in a neighborhood that doesn’t boast these characteristics, you will have a difficult time selling it in the future.
When taking a walk-through of a home you are interested in purchasing, make sure to touch everything. From every light switch to every flush handle on the toilets, you want to make sure everything works. There’s nothing worse than investing in a home only to find out that all of the outlets, switches, handles, knobs, and other accessories have to be replaced.
Check Out the Roof
Lastly, you’ll want to make sure that the roof is in good condition. If it’s not, you can use this as a negotiating factor when making an offer on the home. Remember, repairing or replacing a roof can be extremely costly, so having a roofing specialist inspect the roof before making an offer is one of the smartest moves you can make as a homebuyer.
If you’re looking for more information on the financial side of purchasing a home call us today at 419.586.5158 or click here to easily start your online loan application.