Many of the people are so busy calculating the cost of the house when they are planning to buy one. They are the victim of stress, anxiety, and excitement at the same time because they are too much indulged in just one theory which is “Value for money “as they want the best out of their investment. What they fail to put under their attention are some factors we will be touching down in this article. These factors are those that are not visible and don’t come into the mind of buyers all of a sudden until you don’t put a meticulous attention towards them.
The first thing to acknowledge while buying a house is the house resale value. The world is shifting towards different trends these days, and they keep on changing and so does the demand for the home. SO you need to keep that under severe notice that the house you are buying should give you impressive amount of money on its sale. People who just unanimously buy these without any consult often suffer from the resale losses. Secondly, you need to keep in mind that mortgage payment won’t be the sole payment that you would have to pay for the house but there could be additional factors that could cost you as well to make particular changes or repairs in the house. To protect yourself from this, you need to get the property expense list from the seller to get a fair idea regarding the total cost that you will have to bear. A beautiful house is one case, but the other things are the stakeholders related to it and the environment around it. You need to check the policies that apply to it. For instance, if you buy a house in a colony where there is a traditional rule that restricts any owner from making additions to the house then you could be a drawback. The seller is very much responsible for telling a potential buyer about the non-permitted work that is not up to the code. Unfortunately, the sellers are usually hesitating or hiding the truth and don’t want to destroy a possible transaction by telling that. If you see a new bathroom or a new kitchen so that is a red sign danger because if you want to make further changes in the bathroom or that kitchen further on and if you go the body to get the permit, then they can claim that uncoded changes over you and you could be entangled in a problem.
You need to be precautious while buying the house. There are many advantages attached to it but at the same time what we fail to figure out are the unknown factors that could be dangerous for you if you don’t figure them out. SO beware of all these factors and don’t forget to consider them if you plan to buy any house shortly or later.