Buying a property is a good investment. If cared for properly, one could get a relatively higher return from it. Residential property is an investment that tends to have a compounded value in the long run. This is most especially for those houses situated in the middle of a business district. As the town gets more developed, the higher the value your property gets.
But what are the things you should consider before settling in and buying your own house?
- ACCESSIBILITY TO IMPORTANT ESTABLISHMENTS
Location is the top most consideration. It is important that the house you will buy is in a place where every important establishment is accessible. An ideal town has easy access to medical establishment and educational institution. It should have different convenience stores and supermarkets in the vicinity. Other important services should also exist. Such creates a good community that makes the like of locals easier and more convenient.
- SAFETY AND SECURITY
Nobody wants to live in a place where criminal activities are ever present. Before you buy a house in an area, you should thoroughly scout it first. Ensure that it is not a nest for drug-dealing and the crime rate is low. There should also be a reliable police force in the area at the least. This guarantees the safety and security of you and your family.
- CONDITION OF THE HOUSE
Are you planning to buy an upper-fixer, or a move-in ready home? Either way, you should inspect the house to check for potential damages and flaws. Do not leave any space unturned. If you can, it is even advisable to hire for a professional help so it could be done properly. Watch out for molds and pests that may slowly causing the decay of the foundation of the house. Check also the ventilation, wirings, and the water system just to be safe.
- CHOOSE ONLY A TRUSTED AGENT
This is the most important aspect in buying a house. Before settling to one, please be sure to go through different choices with a good background/ Interview them if possible and check for their legitimacy through reliable sites. Do not be a victim of SCAMS.