Before You Buy…Decisions, Decisions, Decisions

In a previous post we gave you a bit of an idea of some of the many things that should be running through your mind BEFORE you start looking into home ownership. So, perhaps you've found a couple possible Charlotte dream homes, and your ready to pounce on one of them.When you're down to a few candidates, and hungry to make a decision here are some final deciding factors to think of:

Know what you MUST have and what you are willing to compromise on. While people can give you advice, only you can decide what it is that you need and what you are willing to live without or add later.When it comes to potentially renovating make sure you have your bases covered in terms of what you are allowed to do according to city ordinances.  You don't want to think you can renovate something you actually cannot.

In real estate, and especially here in Charlotte, our mantra is always: location, location, location. Does the location of your new pad work with your life?  How close are the neighbors? Is there public transit close by? Is there outdoor space? How close is the highway? Can you afford it?

A lot of fine people over-estimated their savings, their assets, and their earning potential and when the economy took a downturn so did they. A lot of great people hardworking North and South Carolina families lost their homes due to a small over-assumption in their finances. Don't over extend yourself when you buy a home.  Look at the price, and the future mortgage payments, and be sure you can comfortably take care of them come any kind of disaster.

Use all of these observations to rate the home, this will make it easier to narrow down your top picks and see what it is that you really like or dislike.  As we have said before, home ownership is a wonderful American tradition. Everyone can, and should, have a place to hang their hat that they own!  But, it is also one of the most important decisions you will ever make... So due your homework, and make a well-thought out decision.

Bonnie and Daniel Papandrea
704-756-8071

Posted in Charlotte Homes.

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