Have you recently embarked on a hunt for a new house? Maybe you are interested in a new community recently developed by a renowned land development company like the one owned by Aubrey Ferrao. Maybe you are simply considering any available home that fits your vision regardless of whether it is in a subdivision developed by businesses like the one run by CEO Aubrey Ferrao or a historical district in the center of a less modern neighborhood. Regardless of where you are searching, there are certain factors that are important to consider before you finalize a purchase.
1. Space Available
This one might seem obvious, but not everyone thinks about it in depth. It is not enough to consider space needs in the moment. You also have to anticipate them in the future. For example, if you are planning on having children (or more children) or a significant other at some point you might want to obtain a home with the size to accommodate them. Many people when judging if a place has the right proportions to house themselves and their family think in terms of the number of rooms and bathrooms. One often neglected aspect is storage space, but this feature also matters.
2. Amount of Work Needed
It is also wise to get a feel for the amount of renovations and repairs needed. A building with a multitude of problems (faulty wiring, leaking roof, cracked walls, bad insulation, etcetera) may end up costing you considerably more than the initial cost of purchase, not to mention the work and time involved.
3. Previous Ownership
Another important detail to contemplate is the ownership history of any house you are interested in. High owner turnover in a small period of time is a major red flag. It might indicate issues not easily uncovered before actually occupying the building. An example might be excessive neighborhood noise at night or in the morning.
These are not the only things you should have in the back of your mind as you contemplate potential homes. However, they might have a major impact on your decision.