The process of becoming a homeowner can be very exciting but a house search is not without difficulties. Based on your own personal tastes as well as your budget, it is important to take your time evaluating the various offers and select the one that seems sensible for you. After speaking with a mortgage expert taking a tour of houses is the next step before you make the financial decision. Although you might have a clear idea of what you would like or do not need, it’s possible to become overwhelmed when looking at the houses and not think about the aspects that matter the most. Here’s a brief overview of the most important aspects to look at when you are looking at properties.

Here are things to look for

Now, without further delay let’s dive straight into the things to consider.

Building structure

Cracks that are large are what you’re seeking. However, you can expect to see some hairline cracks. Pay attention to the places the areas where extensions join, the ends of the terrace walls and bay windows, they can all begin to fall down or bow and away from other parts of your home. It’s time to look for problems which you can inquire with the estate agent or homeowner about, and ask your surveyor for investigation further. However, you’re only looking at what you already know. an experienced chartered surveyor with many years of experience has been skilled to identify dangers and knows what requires focus.

Storage space

Storage space is an important but frequently overlooked benefit when considering homes to purchase. Where do you store your vacuum cleaner towels, spare sheets and other boxes of things you don’t want? Are there enough cupboards or shelves to build into? Particularly in new homes storage space may be very limited.

Checking the floors

One way to determine that the plumbing may not be functioning properly? Find floors with unusual dips or sagging close to the bathroom. It’s an indication that plumbers have installed some intriguing plumbing beneath the flooring. The floors that are sagging in other areas of the house indicate that the structure could need repair.

Noticing cracks in the wall

Finding a crack in walls is not surprisingly bad. A cracked brick signifies that there is the movement which can be an indication of structural issues that are serious. Small cracks in the drywall are not a cause for concern however, more extensive cracks or those with discoloration can indicate structural issues or leaks.

Pay attention to fresh paints

A poor paint job or 15 layers of paint is nothing to be concerned about. Be aware of it when it appears that the home hasn’t had a renovation for a while and you see new paint or sheetrock in the basement or cellar ceiling. That could mean that before they put the home on the market, they redid something. Perhaps they’re covering something with a new one. The location is important since this is the best spot for carpenter or termite damage. If you spot any unusual covering-ups, you should ask the reason why the work was completed.
Look for water in the basement

Test the windows

Open and shut the windows. “Do they lock correctly? Be aware that homeowners generally replace windows with lower windows of lesser quality. This should not be a big problem, and it shouldn’t be the most difficult thing to consider when upgrading a home. But, the price can increase if you have to replace them in the future time. Windows that aren’t in good condition or have a problem will also drive up the cost of heating if not replaced.

Assess the roof

Check what year the roof was put up and inquire about the warranty that backs it. Older houses may have several layers of roofing, and some may contain asbestos. At the time, somebody will need to take off all of those roofing layers and the likelihood of them locating something to fix is extremely high. It’s difficult for a novice to comprehend all about the roof simply by taking a look Don’t be scared to ask questions or get an expert’s opinion.

Electrical and plumbing

Plumbing and electrical issues can be difficult to identify using an eye.  Observe how the electrical boxes are put together. Do you have a lot of wire exposed? Does it appear like it was properly installed? Check the electrical panel and inquire whether the homeowner experiences regular electrical shorts. Be wary in the event that the electrical system isn’t replaced in the last few years.

In both plumbing and electrical concerns, it’s a good idea to invite an expert for an additional walk-through. It is also possible to follow up and test the pipes by using a water kit that is available for purchase at a low cost, or, in some cases, accessible through the state. It’s an effective way to test the amount of lead, or other elements, are in the water you drink.

Neighborhood

It is important to consider the neighborhood as the very first thing you need to look at when you arrive at home. Look around you. Are you pleased with what you observe? Do you think this is the type of scene you would like to look at when you wake up each day? Perhaps when you take a walk or drive to work?

If you’ve already decided on one particular area for looking for a home, make note of the nearby amenities. Take into consideration the distance that the home is located to the closest restaurant, or to the closest supermarket, as you’ll often have to go to these locations. It is also important to determine whether there are parks nearby and schools, as well as malls to ensure your convenience.

Spend some time exploring the neighborhood. Take a drive, dine in nearby eateries, speak to the residents and discover what the locals are like. Be aware that you have the option to alter the layout of your home to suit your needs. But you cannot alter the neighborhood in which your house is situated.

Potential for future renovation

Each person has a different idea of what a dream home is. It might be a new, fully-finished, good-class bungalow, or it could be an older, traditional home that they can gradually improve.

You might consider buying a larger property that has more room for future upgrades but is still within your budget. You must be on top of all things. Consider the cost of updating and customizing the property in order to make it your dream home.

Most people’s mortgage is their biggest and least expensive debt obligation. The home is typically the most important asset they own. This is why having a mortgage strategy is essential. A well-designed mortgage plan can safeguard you from financial disaster, help you save thousands of dollars and also help you build your wealth in the long run.

With access to many of Canada’s top lending institutions We are able to offer all kinds of mortgages, including refinances, purchases equity takeout’s, debt consolidation renewals, and mortgages for self-employed. Contact us now to get an instant quote and a summary of the current market conditions that affect your mortgage options!