The real estate industry has seen major transformations in recent years. Although 22.9% of all homes in the U.S. were built during the 1950s and 1960s
, most have been renovated to incorporate modern amenities. In addition, neighborhood changes and emerging trends in real estate markets have revolutionized the real estate industry. As a result, many people are unsure about what to look for when searching for a home beyond the basic things, such as the size of the home and the layout.
While each buyer has their unique wants and needs, certain things are non-negotiables for a home to be considered a great fit. Having a complete list of these non-negotiables will help you have an easy time and make an informed decision when searching for a home.
Below are non-negotiables that should always be considered when searching for a home.
Location is one of the most crucial elements of a home, as it determines the kind of lifestyle you will have. Your house should be within a secure community and close to amenities such as transportation hubs, schools, shopping malls, parks, and community centers. This will reduce the time you spend traveling between different areas, allowing you to have a convenient life.
A key thing to keep in mind is that location also plays a major part in the determination of the resale value of a property. Also, consider the proximity to your workplace and choose a location that will provide a convenient travel time. Other important things to consider are the general atmosphere of the location and the community living there.
It is common knowledge that the size of a house affects its livability. When searching for a home, buyers need to consider how it will accommodate their family and the suitability of the living space for their daily activities. An ideal house should provide flexibility to accommodate a family's changing needs, such as introducing new family members and hosting guests. It should also be big enough for all members to have privacy and separate spaces.
The floor plan should be well-thought-out, with enough spaces and separate areas for different functions to facilitate convenient living and functionality. For instance, a dining room should be conveniently located near the kitchen to ease movement between these two areas. If the architectural design features a courtyard, it should also be centrally located for easy access and a better flow of space. The floor plan should also maximize the use of space without sacrificing comfort and the aesthetics of the home.
Natural light is vital as it provides a great ambiance and elevates the essence of the home. Natural light also impacts the moods of the occupants and their energy levels. Buyers need to ensure that the living spaces are sufficiently lit. There should be enough strategically located windows to allow sunlight to penetrate all spaces. Floor-to-ceiling windows can serve you well in this endeavor. The orientation of the windows should also be considered. Generally, south-facing windows receive the most sunlight throughout the day and do not share the intense glare problems of east- and west-facing windows.
Homebuyers should have a realistic budget in mind and stick to it. When drawing a budget, start by assessing your income, assets, and debts to get a clear idea of the amount you can raise. If you are using a mortgage, assess your future financial obligations and how they will affect your ability to service monthly repayments. Property taxes, homeowner's insurance, and maintenance costs should also be taken into consideration.
While different buyers will have different non-negotiable amenities, some are simply must-haves. For a family home, the kitchen should be equipped with state-of-the-art appliances, exquisite cabinetry, a large island, impressive counter space, and a spacious pantry. A central air conditioning unit, hardwood flooring, a well-sized laundry/utility room, a family room with a fireplace, and a master bedroom suite are other non-negotiables. Ultimately, ensure that you have considered every aspect that is important for a comfortable living.
The interior design of a home often dictates the mood of the occupants. It should exude affluence, sophistication, and a pleasant ambiance that facilitates comfort and relaxation. Soothing colors, soft lighting, a hand-carved mantel, and lush landscaping are some of the features you should consider.
Once you have found the home of your dreams, it is always a good idea to get a professional inspection to ensure everything is in order. A professional home inspection will allow you to dig deeper into the property and verify that all systems work properly. It will help you identify any defects that may compromise your investment's long-term quality.
The state of the local market
Having a basic understanding of the local market is crucial in determining if the price of a home is fair. Similar houses in your neighborhood should tell you whether the property you want to buy is priced reasonably. Also, be sure to factor in the general economic situation in the area, mortgage interest rates, zoning laws, and new developments, as they affect home values. Careful analysis of these factors will help you decide on the best time to buy. You can also use the help of professional real estate agents for an overview of the current market situation.
A great real estate agent
Now that everything is in order, it is time to start the purchase. This process involves several steps, from writing an offer to inspections and closing. The help of a real estate agent will make this much easier for you. A real estate agent will have extensive knowledge and experience concerning real estate transactions, negotiations, and complexities of the legal system. They will help you avoid overpaying and getting duped into bad deals.
Invest in luxurious Sunny Isles real estate