JANESVILLE WISCONSIN - JANESVILLE Homes,Foreclosures & Real Estate For Sale
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How To Spot a Good Buy
By Lynne Forrestal
Beauty is in the eye of the beholder, particularily when it comes to buying a home. Features that attract one home-buyer may repel another.
However, the one feature of interest to every home-buyer is price. Getting the most home for your money is paramount. The real problem is figuring out whether that fixer upper on one street is a better buy than the home in next- to -new condition two blocks away. That's why knowing what to look for before you buy can save you time, energy and money down the line.
The first step is figuring out what kind of house you need. A good buy is only a good buy if it meets your current and future living requirements. Before shopping for a home, decide how much space you and your family require. How many bedrooms, bathrooms? Is a family room necessary? Do you need a layout that will accommodate a lot of entertaining? Do you prefer a spacious or compact work space in the kitchen? If you have small children, can the house easily be childproofed?
Evaluate the front and back yards. Is there enough space to accommodate your children? Do you want a park - like or garden setting? Do you enjoy yard work and gardening, or do you want a low-maintenance yard? Take into consideration the cost of extensive landscaping and upkeep.
Next, determine how much work is required to make the house you are considering livable. Make an honest assessment of yur fix-it abilities. How much work are you willing to do or pay someone else to do? Do you have basic decorating, carpentry and plumbing skills? If you plan to learn as you go, make sure you have accuratel determined what you are getting into. Ask an experienced friend, family member or your real estate agent for their opinion, and be sure to consider how much remodeling inconvenience the rest of the family can handle.
Short Sales and Foreclosures can be GREAT BARGAINS, but many times do require extra work. Fixer Uppers, may not qualify for conventional, FHA or VA financing and may require higher down payments or CASH to purchase. Ask AN EXPERIENCED REALTOR for thier opinion on the ability to get a loan for a particular home.
For help in finding your new home....Contact Lynne Forrestal & Associates