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Home Buying (Five Basic Rules before Purchasing Your Dream Home)

By Guest Author | August 11, 2015

The process of buying your dream home can be very exciting, but you need to be careful to avoid making the wrong decision on one of the most significant purchases of your life.There are several considerations to keep in mind as you are browsing listings for your dream home, and below are five of the most important rules to think about:

Rule #1 – Make sure it has all the features you want

Your dream home should be equipped with almost every feature that you want, whether it is the modern kitchen that you’ve always wanted with updated appliances, or a new bathroom with luxury amenities like a walk-in shower. You don’t want to have to deal with a remodeling project after you move in, so try to find a home with as many of your ideal features as possible.

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Rule #2 – Check the surrounding area

Always research the neighborhood and surrounding area and think about whether it’s a good option for you and your family. The community that you live in will have an effect on the quality of your life, so you will definitely want to take some time to find a good fit and not just think about the home itself.

Rule #3 – Check the age of the home

Some of your dream homes may be older and a bit more outdated, and if this is the case you may want to avoid those options. In other cases, you may be able to save money on the cost of your dream home if it’s a bit older. No matter what, be sure that you research the age of the home and think about whether or not it will be a good fit for your needs.

Rule #4 – Get the right amount of space

If you have a family or are planning on having one, you should be sure that you pick a dream home with the right amount of space. If it’s too small it won’t be very easy to add more space in the future without spending a lot of money on a remodel.

Rule #5 – Compromise a little if needed

You might want to compromise a little on features even if the home doesn’t have every single thing you want. If the home has a lot of potential, think about making a purchase even if it’s missing the luxury kitchen or bathroom that you wanted. By compromising a little you can often save some money and you’ll get the benefit of being able to close a deal sooner.

Amanda Leach is a Realty Biz News Contributor

 

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