Creating value in your new home, have a plan

Looking for a new home is very fun and exciting but it can also quickly become overwhelming and frustrating. Planning a little beforehand can make a world of difference to the entire process. The most important decision when preparing to purchase a new home is to figure out what your price range is, you should always do this in conjunction with your accountant or bank because there are many expenses that you could potentially overlook.

Once you have a budget you should begin the task of making a list of ‘must haves’ and ‘can’t stands’. The ‘must haves’ might be things like a fireplace, finished basement, large kitchen, etc… Can’t stand will fall under the umbrella of things like, too close to a busy street, high-crime, strange neihbors, etc…

One of the most overlooked criteria of buying a new house is the actual physical layout of the home. Folks tend to get caught up in the numbers game of the overall square feet of the home as opposed to how the square feet are distributed. I have seen 1,700 square foot homes with more usable space than 2,100 square foot homes simply because some of the rooms had multiple weird angles and nooks that could not be utilized as living space. One important thing to remember when looking at the layout of a home is what you intend to use each room for and whether the size of the room is good for your intended uses. For example if you are the type of family that tends to like eating meals in the kitchen and you only entertain small groups, rarely. Then in turn you would be best off with a large eat-in kitchen and a small dining room or a combined ‘great-room’.

Making (and sticking) to a plan take extra effort on your part but it will really pay dividends in the end because you will have made a much better choice of home in which you will probably live a longer time in and even if you decide to sell you will have more quality and receive a higher re-sale price – trust me your local real estate agent will be pleased too.

Good luck and happy house hunting!!

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