Things to Look for in Your New Home

Dated: 03/07/2013

Views: 793

1.       Location

Who hasn’t heard the cliché “Location, location, location!” It really is that important! Your future home should pass the location litmus test: Is your commute to work/school/hobbies reasonable and do other people consider it a desirable location? A reasonable commute is key because it will affect your day-to-day life (and only you can define what is “reasonable”). However in addition to making sure the location suits your needs, make sure that other people think it is a desirable area. Good location ensures you have the best chance of finding a buyer quickly if you decide to sell down the road.

2.       Floor Plan

You want a floor plan that makes sense for you and your lifestyle. If you love to entertain large crowds, then you probably need to focus on large living space. If you have kids who go to bed before you finish watching tv you may want separation between the tv room and bedrooms. If you are planning to rent a bedroom to a roommate you may want to think about a home with double master suites. If you are planning to sell later also consider popular trends in the area. Are most buyers in the area looking for open floor plan? How many bedrooms? Ranch or 2-story?

3.       Neighborhood

Another factor you have to consider is neighborhood. In the Charleston area most neighborhoods are part of a Home Owner’s Association (HOA) and offer different amenities. Think about what is important to you (parking, pool, fitness center, walking trails, community center, etc) and list your top 5 requirements for neighborhood. Just remember to factor in HOA fees! In Charleston you will rarely find a property with no HOA fee so decide how much you are willing to pay.

4.       Outdoor Space

Do you have a hyper dog that needs a fenced-in back yard? Do you like high rise balconies? Do you need a garage or space to build one? Do you need an outdoor patio area for your weekly barbeques? Do you prefer trees or open space? Do you require your home to be marsh front or ocean view? Consider how you currently use outdoor space and decide how much and what kind of space you are looking for. If you are on a strict budget you may have to decide if the house or the yard is more important to you…a large yard might mean a smaller home or vice versa.

5.       Cost

How much are you willing to spend on a house? Know what a realistic home in your price range looks like. There is no such thing as a perfect house but there are lots of great houses! Know what your priorities are and look for a house with all your must-haves. Count it a bonus if that home meets some of your wishlist too!

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Hank Johnson

Hank Johnson, a graduate of The Citadel, has a proven track record as a CFO, businessman, Entrepreneur and real estate investor. Hank has been active and successful in the Charleston community for ove....

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