Know The Basic Tips For Buying A House

Richard Herman

Whether it’s a single-family home, a semi-detached house or a terraced house: you should plan your purchase of a property carefully. Before you realize your dream of owning your own home, there are a few things to consider. Our home buying tips will help you find your dream property.

Tips For Buying Your House

  • Create a checklist with criteria and wishes that will help you search for real estate. When viewing the house, take something to write with to note any defects or abnormalities.
  • Before viewing, request the exposé and floor plans of the house.
  • Clarify basic questions in advance: building structure, year of construction, energy condition of the house and reason for selling.
  • Arrange the appointment for the house viewing so that it takes place on a working day during daylight hours. This allows you to check the lighting conditions in the house and the noise level in the surrounding area. Don’t put yourself under any time pressure. If necessary, arrange a second viewing appointment.
  • Take a look at the individual rooms and check whether the size, brightness and usability meet your requirements.
  • Check the condition of the equipment: worn floor coverings and bathrooms as well as a low number of sockets or light switches add costs.
  • Find out whether you need to carry out renovation work when purchasing a new property.
  • Seek advice from a professional or independent expert.
  • Find out more about the property from the building authority.
  • Get to know the neighbors and the surrounding area. 

Get An Overview: Which Aspects Are Important?

Real estate is considered to have stable value. For many, owning a home is therefore an ideal form of retirement provision. However, there are a few details to consider and evaluate before buying a property – for example the energy condition of the house, the quality of construction or the property rights. Any additional costs must also be taken into account when buying a house, which can amount to up to 15 percent of the purchase price.

Additional purchase costs include, for example, fees for a broker, notary fees or property transfer tax. Entry in the land register also involves costs. Therefore, get an overview of the decisive factors and seek the advice of an expert. Since many aspects affect the amount of financing for your house, a realistic budget calculation is important. You should also plan reserves for unexpected expenses.

Gather Information Before Viewing The House

Request the exposé before viewing the property. Collect as much data and information as possible about the property, the surrounding area and the house. Ask about the year of construction, size, amenities and condition of the property. In the case of shared property for example a terraced house or a condominium you can view the community regulations or minutes of the last owners’ meetings. 

The reason for the sale may also be helpful in your decision. The effort is worth it: The more information you have about your dream home before the viewing, the better you will be able to work through your checklist, collect impressions and ask questions during the viewing.

Viewing: All-Round Check In And Around The House

During your first home inspection, you should check the condition of the windows, shutters, seals and heating. Find out whether there is an obligation to retrofit the heating system in accordance with the Energy Saving Ordinance (EnEV). 

Property owners must show you an energy certificate when viewing. What condition are the indoor and outdoor floor coverings in? Also take an inventory of the basement and attic. When viewing the property, also look out for cracks and discoloration in the walls. These often indicate structural errors that can result in expensive repairs.

Tip: Explore the residential area and the surrounding area. This way you can get to know your future neighbors. Also pay attention to how far the property is from your workplace and from schools or kindergartens. The connection to public transport or shopping opportunities can also be criteria for purchasing a property.

Seek Advice From An Expert

The purchase decision will be easier for you if you seek the advice from the best specialist or expert such as Joe Homebuyer Sacramento. This makes it possible to identify errors that a layperson would easily overlook before buying a house, but which can result in expensive damage. 

In addition, a specialist can recommend necessary and sensible measures for renovation or modernization and estimate the associated costs.

Price Negotiation And Purchase Contract

Have you found your dream home? You can then negotiate the purchase price with the seller, as they often have a certain amount of room for maneuver. The extent of any possible price reduction depends, among other things, on the value and age of the property, the location and the demand from prospective buyers. 

Once you have agreed on a price, a notary will draw up the purchase contract. This includes, among other things, the names of the seller and buyer, the purchase price and individual agreements. To ensure that the contractual conditions meet your expectations, you can have them checked by a specialist lawyer. After the notary appointment, the house will be registered at the land registry office. Through the land register entry, the buyer is a new homeowner.

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