Buying houses {buying house} {house buying} has many steps.
checklist
Before buying a house, check smells, sidewalks, roads, and traffic at rush hour and at other hours. Check noise inside and outside at rush hour and at other hours. Check natural light in rooms. Check heating and cooling type. Check stove and other appliance type. Check drawer, closet, and storage-room number. Check rug quality and cleanness. Check faucet noise and flow. Check leaks in pipes and faucets. Check toilets for seating comfort, drips, and noises. Check refrigerator size and type. Check handles and lights. Check doors and locks for fit and opening ease. Check doors for dead bolts. Check neighbor lifestyles, travel patterns, and nearness. Check termite or insect damage. Check inside walls for damage. Check brick cavity wall. Check insulation. Check roof for damage. Check upstairs and downstairs. Check stairs for creaks and damage. Check parking space location and size.
costs
Before buying, decide how much to pay for down payment, deposit, and monthly payment, including utilities, insurance, and taxes. Monthly payments for principal, interest, utilities, insurance, and taxes should not be more than 33% of family monthly income. Principal and interest monthly payment should not be more than 25% of family monthly income. Yearly home maintenance costs are typically 1% to 2% of home price. House price should not be more than two times family yearly income. Do not buy a house priced higher than average house in neighborhood. Check with banks, savings and loans, credit unions, mortgage brokers, and real estate agents.
search
Obtain financing. Then look for a house that has required features, using Internet, newspaper, real-estate agents, friends, and relatives. Most important is neighborhood, followed by school quality, average neighbor income, utilities, house appearance, crime rate, earthquake zone, and flood zone. Take time. List homes liked, with owner's name, price, utilities and other costs, location, and features. Try to buy in fall and winter. Try to buy a house that is among the cheaper houses in the best affordable neighborhood. Try to get a warranty, for new or old homes (ERA).
move-in costs
People typically spend 10% of house price to furnish it and fix it up {move-in cost}.
Practical Affairs>Legal Affairs>Property>Housing>Buying
7-Legal Affairs-Property-Housing-Buying
Outline of Knowledge Database Home Page
Description of Outline of Knowledge Database
Date Modified: 2022.0224