If you are in the market for a home, you should be aware of some popular home buying myths. These myths have come into being by well meaning people who thought that they were making accurate assumptions of the housing market. Yet, as we all know this market is always changing and so are the habits of those who are in the selling market. For this reason, stick with instincts and realize not everything you hear about buying a home is true.
Here are a few myths every home buyer should know
You will know when you find the perfect home
There are no perfect homes and there are no perfect people. It is as simple as that.
Every home as a soul or will speak to you directly
Some misguided shoppers are continually looking for a sign or for a house with a voice to speak to them and say “I am the one.” This doesn’t always happen. Remember real estate agents and even regular sellers can help make you think the house is speaking to you or promote so called feelings that aren’t really there.
Every listing is completely accurate
Check the facts yourself. Face it, people aren’t always honest. Plus, people do make mistakes. If the ad says the house has copper plumbing, check that it does.
If the seller accepts your offer, you offered more than the house is worth
No, this is not necessarily true. In these bad economic times, a seller may be happy that you made an offer or he may just be eager to sell. If you did your research and you figured out your budget, don’t second guess yourself on what you offered.
Every home will increase in value
You can’t count that any home you will increase in value over time. You never know what the future will hold or what changes will happen to the economy. All you can do is hope for the best.
No, we can’t predict the future. All we can do is try to make the best financial decisions we can.
When it comes to shopping for a home, do your research, check your budget, get the facts and then use the best judgment you can. However, try not to fall for the most common home buying myths.
There are a number of important things to consider when you are moving home. This article does not cover packing up furniture but all the other things that will have to be packed to move. Having moved home a number of times over the years I think I now have the experience to pass on to any novices! You’ll be thanked by your movers and taking the following advice will make your life much less stressful.
When your home goes on the market start collecting boxes for packing and paper for packing. You can of course buy these but why would you? Be careful not to collect boxes which are too big to handle when full.
After the house is sold
As soon as your home is sold start packing. Start in the garage and the loft and the cupboard under the stairs: in other words any place that you store your ‘junk’. Get rid of anything you don’t use – to a car boot, charity shops, waste and so on. Pack all of the rest up unless you are absolutely sure you won’t use if before the move. The kitchen is a good place to go next. Pack everything you haven’t used in the last 3 months. If you haven’t used things for that period of time you certainly can do without them until you get to your new home. LABEL ALL BOXES – in these cases say Garage (or whatever) and label them URGENT or NON-URGENT. (You’ll be going back to the kitchen later)
Bedrooms next;- pack up shoes, clothing, handbags etc. that are for next season. In other words if it’s winter now pack up all of your summer clothes and vice versa. LABEL THESE BOXES – Bedroom 1 – SUMMER STUFF etc, etc. Do the same for each member of your household. (Go through all wardrobes and all drawers).
If you have a separate dining room where you store crockery – again pack up anything that hasn’t been used in a while and LABEL the boxes appropriately. i.e. what’s in them and which room in the new house they are destined for.
Most, if not all books can be packed in good time for the move. Don’t overpack boxes – they’ll burst open if you do and/or they’ll be too heavy to lift. LABEL the boxes and say which room they will be going in at the new house.
Check all drawers and cupboards and pack anything you haven’t used in a while – EXCEPT PERSONAL PAPERS – passports, birth certificates, insurance documents and so on. If you haven’t already done this you should obtain a secure metal container and put all of these kinds of papers together. Put these somewhere safe (say in your bedroom) and keep them with you during your move. DON’T leave them in the removal van. As you go through your papers throw out anything you know you don’t need. (Moving house is a good opportunity to get rid of all of your rubbish in all of your rooms).
Nearer to the Move
Repeat all of the above about two weeks before you move and again one week before you move. At this stage you need to LABEL ALL BOXES VERY CAREFULLY – because these are the boxes you’ll need as soon as you move into your new home.
The day before the move
Pay close attention to this!!!!! – There are a couple of things I’ve learned in terms of moving which I think are absolutely essential to settling in quickly.
Pack up the basic bedding you will need for the first night in your new home and LABEL the box clearly. AS SOON AS YOU GET INTO YOUR NEW HOME – MAKE UP THE BEDS. That way the moment you have had enough unpacking and you are very tired you can just fall into bed without having to think about where everything you need is! Don’t forget a couple of towels.
In an empty box – pack up a mug, a plate and basic cutlery for everyone involved in the move (including the movers). Also make sure you have, coffee, milk, tea, juice, sugar and a kettle. Pack some snacks and also something which you can easily turn into a meal, – your toaster; bread, soup, beans, eggs, pack of bacon – whatever you like but do plan in advance. Again, when you are suddenly tired and hungry and these things are readily available it feels great! Don’t forget a couple of tea towels and some washing up liquid. Plan this carefully for your own needs.
The day of the move
If you’ve labelled all of your boxes properly and got your beds made up and your food box to hand – the rest should be straightforward. You can take your time to plan how, when and what you will unpack over the coming days / weeks without feeling too tired and stressed. I hope you’ll be happy in your new home!
An assessment of a rental house is important. A checklist is good to have when looking at the home. The checklist should include the roof and floors. These are the two most expensive repairs. Other items on the checklist are the electrical work and the walls. The checklist should also include the plumbing for any leaks. A water leak can create problems in the walls and floor. Adding the duct-work to the list is also a good idea. If there are holes in the duck-work they will need to be patch or replaced.
The costs of any repairs are sometimes high. Cash for the cost of the repairs is a good ideal. Paying cash for part or all of the repairs will be useful. Using cash for repairs and/or to purchase the property is more efficient. Any loans will accrue interest which means even more investment. The less money used to invest the sooner the profit will start to accumulate.
With any home another cost is the renter’s insurance and taxes. Also if investing in a rental home there will be a lot rent. This is another consideration unless land is already owned.
After completing the checklist for repairs of the property it’s time to start. Now making some calls to get pricing on the material. Now check around for a good carpenter. They often leave business cards at community stores or service stations. Getting several cards is recommended this gives a choice. Most carpenters will give a free estimate for a job. Now call the numbers on each card that you have to compare their prices. Write the estimates written on the back of each card. Most carpenters will give a free estimate. Some carpenters will charge by the hour but most charge by the job. Checking some references is not a bad idea. Then the best person and lowest estimate will be the one to choose.
After choosing the laborers if floor damage than floor covering may be needed. First decide what type covering will be used. The best quality is not suggested. Any carpet or tile business will be of help when selecting this. Of course, you will want covering that will last. If selecting carpet the first-rate padding is suggested. After all the padding is the life of the carpet. Also for larger rooms 16 inch tile is advised. However, the 12 inch tiles are alright for bathrooms but carpet is not recommended. Be sure to check for leakages in bathrooms for repairs. Check around the bathtubs and or showers. To save money it is suggested the commode donut be changed.
Before renting, a contract is recommended. Most rental owners use contracts. Therefore, a copy may be made or purchased from another owner. Any lawyer will write a contract for a small fee.
Keep in mind that any repairs that you do will save on the cost. Also, the home owner decides whether the appliances are supplied. When the list is completed the home is ready to rent.