7 Tips for Home Buyers

It’s tempting to just sign on the dotted line when you want something badly. Emotions have a funny way of making otherwise important factors look small and negligible. But before you commit to buying that nice, new Indianapolis home, there are a few less obvious steps you can take to avoid buyer’s remorse.

number-1Come back at various times of the day. A house may look great at one time of day, but you may not be getting the full picture. For example, a neighborhood might seem nice and quiet in the afternoon. But if it’s located down the street from a major highway, it could become quite noisy during morning or evening rush hour. If it’s located off a feeder street then even getting out of the neighborhood could prove to be a daily chore. Or what about noisy neighbors with booming stereos, who only become a problem when they get home in the evening? These are just a few examples of things that would only be apparent at certain times of day.

number-2Find out about things to come. Reading the news can yield important information about future happenings that could have a major impact on your quality of life, and even the resale value of your home. For example, maybe homes in the neighborhood will be forced to connect to a municipal water line. Or maybe a proposed high-voltage will seriously detract from the home’s otherwise pleasant view. What about waste from nearby industry? Maybe run-off contamination is an issue. You should also consider talking to the city and county. These and many other factors could be waiting to rear their head if you don’t do your due diligence.

number-3Talk to neighbors. Pride of ownership can make a huge difference in a neighborhood. But how many people in the neighborhood actually own their homes? It can be anything but obvious at first glance. But living in a neighborhood dominated by rentals comes with certain concerns. For one, you never know who the next renters will be. Will they bring an incessantly barking dog, loud stereos, or even an unsavory group of associates? This is not to impugn the character renters in general. But if a sense of continuity is important, then living in a neighborhood that has frequent turnover may not be the best idea.

Read the rest of the article here.