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More Articles on Mortgages and Purchasing a Home
Visit the Main Purchases Page
10 Steps to Buying a Home
Deciding How much to put down
Pre-Approval vs
Pre-Qualify
The best time of month to close
Escrows = Higher closing costs, plan accordingly
Home Buyer's Checklist - fill it out before you go looking
Things to remember After the Move
Things to remember Before the Move
How Much House Can you Afford
a chart of house prices based on what you have left over
Income and Debt
a chart of how high your payments can be
Other Sections in
the Library
Library Home Page
Applying
Appraisals
Credit
Escrows
Glossary
Mortgage Types
Points
PMI
Home Buyer Checklist
Here is a checklist from a real estate agent I know that covers the the important factors you should consider when you are choosing a home. Having these questions answered before you go see the realtor will help them do their job and help you to get the home you are looking for.
We have all heard that the most important factor in making money on a home is location, location, location. But this is also the most important for other factors such as how far you will need to drive to work, to your doctor and how close an expressway is to the home.
Eventually, you will have to choose between what you want and what you can afford, but this list will help in making those choices later on if you rank them in order now. Things may change, but a list in advance may save you from making an emotional decision that you regret later on.
Print out the list and then use the last column to number these things in order or importance to you. Although the order may change once you find something in a home you really like. This is a great way to get started!
There is a printable version made to fit on 8x11 paper here
| Questions to Ask |
What
you are looking for, or how many
|
Order
of Importance
|
| The Basics - Type of Home you are Looking for | ||
| Do you want 1 story? | ||
| Do you want 2 stories? | ||
| Well Maintained or a fixer-upper? | ||
| Siding | ||
| Brick | ||
| How many Bedrooms | ||
| How many Bathrooms | ||
| Garage, How many cars? | ||
| Garage, attached? | ||
| Flooring (wood, carpet, tile) | ||
| The Location | ||
| In a neighborhood? (yes, no) | ||
| How far from work? (minutes or miles) | ||
| Near Schools - Walking or is bus ok? | ||
| How near to Expressways | ||
| How far away is your Doctor/Dentist? | ||
| Do you want Street Lights? | ||
| Do you want Sidewalks? | ||
| Do you want Parks nearby? | ||
| Do you want to be near Churches? | ||
| Questions for your Realtor or the City or the Neighborhood Association | ||
| What is the tax base? (%age to compute | ||
| Are there Neighborhood Covenants/Restrictions? | ||
| Is there a homeowners association? (any fees?) | ||
| Is the entire Area Zoned Residential? | ||
| Is it Near any proposed Industry or building? | ||
| Is there the Ability to Expand the House? | ||
| Additional Features in the Home | ||
| Extra Storage or Closets? | ||
| Living
Room (how big is yours now and do you want bigger?) |
||
| Do you want a Family Room too? | ||
| Basement? | ||
| Fireplace? | ||
| Separate or Formal Dining Room? | ||
| A Kitchen Eating Area? | ||
| Laundry
Space? separate room, location (1st story, basement, etc.) |
||
| About the Outside of the House | ||
| Do you want a Patio or Deck? | ||
| How big a Backyard/ What will you use it for? | ||
| Do you want a Fence? | ||
| Is Landscaping important? | ||
| The Bills, How much are they? | ||
| Property Taxes summer | ||
| Property Taxes winter | ||
| Property Taxes - special assessments | ||
| Electric Bills | ||
| Gas Bills | ||
| Water Bills | ||
I hope
this checklist is useful! If you have any questions, give me a call or
fill out the information
request form and I will be happy to answer any of your questions
|
Harry
Smith
email Harry@dailyinterest.com or reach me by phone Office 1-248-548-7655 Cell 1-248-514-9000 |
Drew
Smith
email drew@dailyinterest.com or reach me by phone Office 1-248-548-7655 Cell 1-248-703-7770 |
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