Most people compromise on at least something when they purchase a home. Maybe the paint is too vibrant for your taste or you don't love the landscaping. Most cosmetic things you can change. Other features of a home are more permanent and if you don't love those permanent features today, there's a good chance you won't love them three years from now. Before you purchase a home, consider if compromising on these five things will be deal breakers.
1. The Budget. Working closely with your mortgage lender before looking at homes can help you avoid falling in love with a home you can't afford. Your financial adviser may be a great resource to help you plan on purchasing a home.
2. The Floor Plan. Would you be sacrificing a room, settling for a small kitchen, or losing must-have square footage? Are these things you can live with for years or are you planning on remodeling? If you need more bedrooms or bathrooms, or the overall flow of the home doesn't suit you, you may need to cross the home off your list.
3. The School District. If you don't have children in school, you may be tempted to ignore school districts when you're house hunting. But if there is a generally preferred school or district, you may want to check out district maps, if only for resale value.
4. The Inspection. Don't forego a home inspection. Not only will home inspectors make sure that the home's systems are fully functioning, but they may alert you to other concerns. The issues that come up on an inspection can often be negotiated with the sellers. Working with your agent will help you to not overpay for a home that will need repairs.
5. The Neighborhood. The neighbors will affect the value of your home and, potentially, your quality of life after you move in. Does the home back up to an industrial area? Is there a park across the street? Is the area family-friendly? Are there trails nearby to walk your dog? Decide what the neighborhood must have before you start looking for homes and stick to your list!
If you're interested in purchasing a new home, we would be honored to be of assistance. From the mountains to the affordable housing, growing economy and unique neighborhoods, the Reno-Sparks area has so much to offer.