When you’re on the hunt for a new home, you probably have a checklist of essentials like the number of bedrooms or a large garage. But there are other crucial factors that might not be top of mind. Here are some things to consider before making your decision:
Noise Levels
A neighborhood may seem quiet at first glance, but noise levels can fluctuate throughout the day. To get a true sense of the environment, visit the area at different times. Think about the proximity to busy streets or neighboring homes. Heavy traffic can lead to a noisy atmosphere, and close neighbors might mean dealing with loud music, TV, or conversations. Also, consider other potential disturbances, like nearby airports or train tracks.
Storage Space
Older homes often come with smaller closets and limited storage, which can affect your living space if you need to add storage solutions. If you require a lot of storage for clothes, sports equipment, or holiday decorations, a more modern home might be a better choice since they usually offer larger closets and more built-in storage.
Natural Light
Don’t underestimate the value of natural light. While you can always add more lighting, natural light can lower your energy bills and improve your mood and productivity. When viewing homes, check how light enters each room, and consider the window placement and any external factors that could block light during the day.
Encroachment Concerns
It’s important to determine if any part of the property extends into a neighbor’s land or if there are encroachments from their side. Encroachment happens when a property line is crossed, intentionally or not, with structures like driveways, fences, or sheds. Knowing who is responsible for the encroachment, whether an easement agreement exists (see below), and how long it has been in place is vital.
Easements
A property easement allows someone else to use part of your land for a specific purpose, such as access to a road or utilities. Be sure to know about any easements on the property before purchasing to avoid future conflicts.
Cell Phone Reception
It’s smart to check cell phone reception when considering a home. You don’t want to move into a “dead zone” with poor signal strength. If the area has weak reception, you might need a cell phone booster or Wi-Fi calling to stay connected.
Property Taxes
Property taxes can vary widely depending on the area. If you’re considering homes near a city or county line, compare the tax rates, as they can significantly impact your monthly mortgage payments.
Knowing key real estate terms and concepts can make your home search smoother. Take the time to learn these terms to better navigate the process.
