A Conway real estate investment venture begins with looking for homes to buy. And because there is a long list of homes and real estate properties available for sale in Conway, it might be difficult for you choose the one that you should buy. Keep in mind that real estate investment is not a cheap investment, so it is important to have extreme care when choosing which houses to buy.
To ensure you will not put your money to waste by investing on a substandard home or a home that will not sell, here is a checklist that you could follow.
Don’t stare too much at that shiny new countertop. It will make your eyes busy enough not to look at other areas or parts of the house, including those less appealing ones which are often key aspects of the house. For example, that shiny new kitchen countertop may draw your attention away from that leaking faucet.
If you notice one significantly attractive area or part of the unit you considering buying, think about whether or not it matches the rest of the room. If you think it was placed there to cover up some flaws of the room, you might want to move on to the next house you are considering buying.
Be sure to check each cabinet drawer if they open and closely effortlessly. Also, inspect them to confirm if they are really in as good a shape as what the owner or seller claims.
An important part of your Conway real estate investment is checking out houses to buy. When doing home visits, refrain from imagining how you will decorate or arrange a certain room or how your things and furniture will look against that huge window. Keep in mind that you are choosing houses that you would sell or rent. So it’s best to choose a generic and averagely sized home that would be easy for anyone to modify.
Avoid buying homes because of that over-the-top Jacuzzi or that amazing kitchen burner. Although these would undeniably make the house look more inviting and probably attract more potential buyers, they would actually make it difficult for you to sell the house. If you include these items in the sale, people might think twice about buying the entire house, especially if they have no plans of using a Jacuzzi. Also, keep in mind that homebuyers are often working off of a budget. So, it’s best to make the house easy for them to buy and pay for.
Don’t forget that blinds and draperies are not usually part of the sale. This is true unless, you manage to convince the owner or seller to include them in the contract.
Get more tips and professional Conway real estate advice by calling Jill Klunk now.
Checking out Conway homes to buy is not an easy task. Once you’ve decided that you are ready for a new home purchase, you will have to set out on a house hunting trip, looking for homes to buy and then visiting the houses to actually determine whether or not it is a good match for you and your family.
What makes house hunting trips difficult and exhausting are the different factors and features of the house that you need to consider. And what prevents you from making a quick decision is that often times, the things you are looking for in your dream home are present in several houses. Plus, other houses you’ve checked out have attractive features that you didn’t think of.
To prevent the headache that comes from an exhausting and stressful house hunting trip, use the following checklist when checking out Conway homes to buy, so you can actually enjoy the process.
Are there enough rooms should you decide to have another child or start working from home?
When checking out homes, it helps if you look ahead into the future. The house might be suitable to you now, but after several years, your family may have grown in number, or there has been a career change, will the house still be suitable? Make sure you always think ahead to the future and consider changes and growth that your family are likely to go through after some years.
Will all your furniture fit in the house?
It’s best to measure your furniture in terms of size and width and then bring a tape measure when checking out Conway homes to buy. This will help you ensure that your furniture will fit in the new house. If not and you really want to buy the house, be prepared to sell some of your furniture that will not fit in the new house.
If you have lots of stuff that you keep in storage, does the new house have adequate storage space?
Most homeowners tend to forget they still have stuff in their attic or basement. As a result, they often forget to include them when measuring whether or not the house has the same storage space available for all your things.
Is the kitchen big enough for your use?
If you and another member of your household love to use the kitchen or if your family is used to spending more time in the kitchen when hanging out and speaking with guests, make sure the kitchen in the new house will accommodate – in terms of space, storage, and cabinets – how you want to use the kitchen.
Is there a place for you to do the laundry, fold and iron the clothes?
If you have a big family, you will most likely be doing a lot of laundry on a regular basis. With this in mind, it is important that you check out if the house has a laundry area. If not, it should have an extra room to serve as your laundry area.
Call Jill Klunk now if you have more questions on the things to consider when checking out Conway homes to buy.
Buying Conway homes is indeed a huge financial venture that should be properly planned for. Ideally, there should be no room for any mistakes, as one slight misstep could lead to a failed investment which could damage one’s credit score and result in bankruptcy.
To prevent this from happening, here are the top 4 things you need to remember when buying Conway homes.
1. Anticipate future expenses that you may have difficulty with once you will be paying for the cost of your recent home purchase.
For those who plan to use a mortgage loan in their home purchase, it is highly recommended that you consider future expenses as well as the actual costs of your home purchase. Keep in mind that the price of a home is not the only expense you will be paying for in the process. If you borrow the exact amount of money, you will have to pay for other costs using your own money. Thus, you may come up short in your other expenses including food, transportation, and other necessities.
2. Get prequalified even before you start looking for Conway homes
Probably the best way for you to ensure you will be able to afford the home that you want to buy is to get prequalified first. This way, you will have a fixed amount of money to work with which can help guide you in choosing which home to purchase. Instead of making your finances work to meet the required purchase price of the house, do it the other way around and find a house that will work with your current funds. Don’t forget to include future expenses when calculating your home buying funds.
3. Work to have a high credit score
Your credit score not only contributes to your mortgage loan approval; it is also what lenders look at to determine the interest rates and terms best suited for you. This is why it is imperative that you spend time working to have a high credit score and effectively maintaining it at that high level to ensure desirable terms and interest rates.
4. Carefully consider all types of mortgage loan products available to you
There are different types of mortgage loans that you can choose from. Each differs in terms, rates, and time frames. Spend time closely studying each one to find out which will work best for you. Do not forget to anticipate various future changes, such as needing to relocate due to your job. Seek advice from a real estate professional to ensure you are making the right choice.
For more information and tips in buying Conway homes, call Jill Klunk now.
We got Jill as our realtor in 2012 when we moved to Conway, she helped us get our house that she now helped us sell!! She did a great job for us in buying and selling!! Would recommend her highly to a…
Joyce C. 6/23/2014
Jill Klunk, thanks for your home and appliance tips as well as the money saving tips. You are a great and innovative realtor.
Carol Ann Lee Bennett
Jill Klunk is a dedicated agent that goes above and beyond in her real estate business. She knows all the ins and outs and puts her clients first. I highly recommend her.