Depending on your budget,
you may need to look more at the potential of a particular home than the actual
structure. In some cases, it is more important that you can modify the home to
meet your needs than finding the perfect home as is. This is where the ability
to assess a house's potential comes in handy.
Most homeowners tend to remodel
within the first 18 months of buying a home. If you can't find a home with everything
on your list, find out if remodeling may be an option. Many remodelers will give
you an opinion and estimate on a new home to let you know whether your additions
or changes are feasible. Be willing to modify a home to meet your needs.
Another factor to consider when buying a home or considering remodeling
one is to determine how long you plan on staying in the home. You don't want to
plan any major changes to a home if you aren't going to be in the house more than
five years. If you know you are simply buying a starter home to get in the market
and plan on moving up to a larger home within five years, be a little more open
to your options. The less time you plan on spending in a home, the more open you
should be in your "needs" and the less money you should plan on investing
in home improvements.
On the other hand, if this is the house you want to
spend the rest of your life in, then you need to consider your current and future
needs. Look at how convenient and comfortable the house is for mobility. Are the
doorways wide enough for a wheelchair or walker? Is there an accessible bathroom
on the ground floor? Is there a main entrance into the home that doesn't require
steps? If this is your dream house for life, be sure it is a home that can be
lived in for life. Many homes are designed for a young, fit, tall male. Unfortunately,
this description doesn't fit the majority of the population and it doesn't fit
anyone for a lifetime. Consider this when buying your home.
Make an itemized list
of your wishes, wants and needs. Be sure to include both current and future needs
if you plan on staying in the home more than five years.
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