As a buyer, it’s important to consider that after moving in to a home, you will discover a lot about your new home—you may wish you had paid closer attention to some items before signing the sale contract. You can avoid regrets by assessing a property carefully before purchasing it. Realtor.com® advises giving particular consideration to these areas:
Nighttime atmosphere. View a home at different times of the day and night. “A community can change drastically when everyone is home from work and school,” says Aaron Norris of the Norris Group in Riverside, Calif. For example, Norris says he learned after purchasing his own home that college students pack into nearby houses and party on the weekends.
The commute. Test the morning and evening drive between your potential home and work. Does traffic make it difficult to get to work on time? You should know whether the location of the home will require you to leave earlier in the morning.
Homeowners association rules. If the home you want to buy falls under a homeowners association, be sure to review a copy of the bylaws. The association’s conditions, covenants, and restrictions describe regulations around what homeowners can do with their property. You’ll also learn what neighbors are allowed to do—in case, for example, you are uncomfortable living next to a home that is being rented out.
The need for specialty inspections. The home may contain items that need to be assessed by specialists who go beyond a general inspection. For example, if the property contains a septic system, well, or solar panels, you may want a special evaluation.
Source: “Aspects of a Home Buyers Shouldn’t Overlook,” Realtor Mag (July 10, 2017).