How To Spot A Good Buy: Part 2
Beware of improvements that seem easy enough at first glance buy may turn into major headaches and require a lot of money once you’ve moved in.
Remodeled kitchens and bathrooms, changes to the floor plan, room additions and redesigned landscaping are examples of seemingly minor changes that can easily eat away the money you thought you saved by selecting a so-called “bargain priced” home.
Of course, you may be perfectly willing to spend whatever money is needed to customize the house to match your tastes and needs.
Make sure major systems in the house are in good working condition. The furnace, air-conditioning and plumbing should be up to date, since repairs can be costly.
You can and should arrange to have a professional inspector help you determine the condition of most of these components…
Look for a house with universally popular selling points.
If you’re impressed, the next buyer down the line is bound to be, too.
For example, a roomy, modern easy-to-clean kitchen is the best selling point a home can have.
A house with only one bathroom is less desirable than a house with two or more.
Many buyers expect at least three bedrooms, with a master bedroom that offers a feeling of privacy.
Lots of storage space and closets, especially walk-in closets, will be a real selling point.
Family rooms or “great rooms” also are desirable. On closer examination, a house that looks like a bargain may lack some of these key features.