Having trouble making a choice on a property? You are not alone: choosing a house can be a real headache. Everyone says that buying a property is probably the most important transaction in life. The pressure is great. So how do you minimize the risk of error? Here are a few that will help you make an informed decision. With the New Jersey homes for sale you can have the best time now.
Do I buy it for a few years or for a long time?
Are you just looking for a stepping stone to a future purchase? Your main criteria will undoubtedly be an affordable purchase price and good profit potential for short-term resale. As for the characteristics of the property, only your immediate needs will influence them. Planning for the long term? Here are some questions to ask you:
- Do I want to have children?
- Do I plan to work at home?
- Will my children leave home in the short or medium-term?
- Do I plan to welcome aging parents into my home?
- Will we be several generations sharing our spaces?
- What type of property interests me?
In New Jersey, you are really spoiled for choice. From single-family homes to condominiums, from plexes to townhouses for families, you will easily find a property to suit your taste and that suits your portfolio.
- How many closed bedrooms and bathrooms do I need?
- Do I need a garage, a parking space?
- Do I want a courtyard, a balcony, a terrace?
- Do I need a lift? Do I have special accessibility needs?
- Is an independent entrance necessary?
- Do I prefer new, recent or older property?
- Am I interested in co-ownership? Am I willing to put in the time and commitment that this type of property requires?
- What level of energy efficiency am I looking for in my home?
Furthermore, the location of the house is as important, if not more, than the choice of the house itself. Consult How to choose your neighborhood section for guidance. For more details, see the Which house is right for me section on the website. You will also find a worksheet to determine the precise characteristics of your future property
The steps to take before buying a property a house or a condo, for example, can sometimes seem complex. Here are some ways to help you with your approach.
Have the property inspected
It is important to have the property you want to buy examined by an expert. If you are dealing with a person who has a real estate broker’s license, he has the obligation to recommend such an inspection to you. You will, therefore, know the overall condition of the building: the condition of the windows, roof, bathroom, presence of water infiltration in the basement, etc. Make sure the inspector will provide you with a detailed written report. This document will be useful for negotiating the sale price if the condition of the property reduces its value.
Beware of advertising
The price announced for the purchase of a property must include the total amount that you will have to pay. Among other things, a seller could not advertise only the amount of the periodic payments, for example, “Become an owner for $ 500 a month”. He must highlight the total price of the property in his advertising.