Home is a primary need that is a dream and wants to be fulfilled by everyone. However, to meet the need for this house is not easy because basically a house has a high price. To get around this high house price, many people are buying used houses. However, buying a used house also raises its own doubts for buyers, because it is in a condition that has been used and has been built for a long time. Moreover, there is a need for home improvement which will certainly increase the budget.
Buying a house, an old house or a new house is a very significant and important financial decision that you will ever make in your life. For some people, especially for prospective buyers who will become first home owners with a limited budget, a used house that is still in excellent condition and at a more affordable price can be considered more carefully to be a good choice.
However, just like buying things that have been used by other people before, there are more things to check and pay attention to when buying a used property, especially for houses that are more than five or even ten years old. Of course, there will be things that are damaged, need to be added, home improvement, or even hidden by the previous owner so that the house sells quickly.
It’s the same when you buy a new house, you as a prospective buyer need to check the house to make sure everything is in good condition, starting from the physical condition of the house building, as well as the legality of the house documents.
Buying a home through a realtor is still an option for many people. Because the process is more practical and easier than if you think you have to find the land yourself and then build it into a house. Not to mention you also have to take care of your own license.
Things to Consider When Buying a House
From considering prices to picking the best realtor, here are some important things to consider when buying a home.
- Buy a house at a price you can afford
Make sure the budget is in accordance with your financial capabilities, based on the amount of income and other expenses you have to pay. Also prepare a home improvement fund if the house requires it. There is a ratio used to calculate this. Some lending institutions recommend that you use a ratio of about 1/3 of your gross income to be able to pay your mortgage payments, while others suggest a ratio of close to 28 percent of your total income for housing-related expenses, including mortgage, insurance, and taxes.
- Verify certificates and documents
Buying a house has standards for dealing with contract signing, certificate documents and more. Check contract documents, administration, certificates and permits for the construction of housing projects.
- Consider the location of the house
Usually, low-priced houses are located quite far from the city center. Actually, this is not a problem as long as access to transportation is adequate and close to public facilities such as schools or hospitals. Consider the location of the house close to the main road and whether there is public transportation that passes around it and how far the location of the house is to your workplace.
- Find out the specifications of the house building
Pay attention to the specifications of the building offered, for example the type of roof truss material or wall material used. Make sure the developer uses quality building materials to ensure the building structure is sturdy and durable. Don’t forget to check the water and electricity lines in the house. Also make sure if you need to make home improvement.
- Use a realtor with a good reputation
If you’re using a realtor to buy a home, it’s a good idea to find out about its reputation first. Make sure the realtor has a good reputation, is experienced and has a good track record of sales.
From home improvement, to the location of the house and choosing a realtor are things to consider when buying a house because buying a house is a big decision for the long term.