Hello, my name is Isabel, and I bought a fixer-upper house a few years ago. Through the years of having multiple projects done to my home I have had a lot of contractors in and out of the house, and I have learned how to effectively hire them and successfully work with them. I have worked with general contractors as well as specialists for things like roofing. If you aren't sure when to choose a general contractor over a subcontractor, take a look at the tips in my blog. They will inform, guide and help you. I am glad you found my blog. Enjoy reading!
There comes that time in life when you just want to stop paying rent and would like to settle down in your own place. When this happens, lots of real estate options might come your way before finding the right one. However, after deciding the property you want to move in to, don't just rush into signing the contract. Take some time and have the following things done before purchasing your potential new home.
Conduct a building inspection
It is critical to have an inspection done to your property before buying it. Have a certified building inspector carry one out for you. Ensure they are experienced and reputable in order to get the best service. Most importantly, an inspection ensures your building is in accordance with local construction codes and regulations. In addition, it would also enable you to detect defects in any areas of construction such as the electrical system, septic system, HVAC system, and so on. This in turn allows you to budget for repairs or avoid any future costs by turning down the offer for the property. Apart from that, having a survey done would also save you from any hazards such as fires that may occur from faulty electrical wiring, thus assuring the safety and protection of your family.
Get title insurance
This is an insurance policy that offers financial protection in case of property damage that may arise as a result of encumbrances in title to property. It was made to solve ownership complications that occurs due to forgery or double selling of a property. Title insurance will not only protect you from unwanted future events, but also from claims other individuals might have for your property. So, when paying up that mortgage, make sure you purchase this policy from your bank. Moreover, you can also acquire it directly from your seller too.
Be sure about location
A common mistake people make is assuming a property is centrally placed just after seeing some nearby shops and a school around the corner. Remember, you can never be too sure, especially if it's a neighbourhood you are not too familiar with. What you want is to ensure your new home is well situated near all social amenities such as a clinic, fire station, police station, and among others. The best way to do this is by scouting the surrounding area thoroughly. You could even use google maps. Furthermore, having easy access to important facilities would save you fuel costs and inconveniences in case of emergencies.