Understanding the
Real Estate Process from A – Z – A Buyer’s Guide to Real Estate – Part 6
This is the sixth post of a series in an FAQ format that
I hope will help would be buyers better understand the real estate process that
they are about to go through. There is a follow-on series to the posts for real
estate sellers.
FAQ – Aside from the
house itself, what other things should I being considering while I look for a
new home?
There are already many factors that you are probably thinking
about as you visit each home. Where is it, is the most obvious? How far away is
it from where you work and what kind of daily commute will you have? Some locations
aren’t that far distance-wise, but they can be a bear to drive each day. If you
have the time, I often recommend getting up early one morning and going to the
location of a house that you are really considering buying and then go to work
from there, to see what you hit and how long it takes. Also consider where the
closest stores for things like food or drugs or even gas are in relationship to
the house. Some people like being out in the middle of nowhere, but it can
drive others crazy.
If you like to walk, consider the “walkability” of the
location. What can you get to by walking? Are there sidewalks or would you have
to walk in the road? Is the road paved or would you be walking in mud or dust
parts of the year? There is a web site www.walkscore.com
that explains the concept of a walkable neighborhood and gives you a way to
rate the location that you are considering.
What kind of neighborhood is the house in? You can tell a
lot about the neighborhood and the neighbors that you might have by just
driving or walking around in the area. Are the homes and yards well kept? Are
there cars (or other things) parked all over the streets and drives? Are there
children out playing? Do the people you encounter wave and say high or just
look at you like you are an intruder? The things that you observe aren’t likely
to change just because you move in, so make sure that you are happy living with
and next to what you see. The toughest thing to evaluate in the time that you
have available are your immediate neighbors. If you happen to get lucky on one
of your visits to see a next door neighbor out, make an effort to introduce
yourself and engage them in a conversation about the neighborhood and the
neighbors. You can learn a lot from that one encounter.
How is the noise and light pollution at night? This is tough
to gauge without going back to the location at night and just sitting there and
observing how it looks and sounds at night. Most visits are done during the
daylight hours, so you might not be able to tell that the parking lot lights in
the industrial park or shopping mall next to the sub really light up everything
at night or that the cars and trucks coming and going all night long in that
same park or mall may make sitting out on your deck at night less than pleasurable.
What about the schools in the area? We already talked about
using some of the available school district rating web sites. If you have
children of school age this is a biggie and not one to be rushed. You may want
to0 visit the schools that your children will end up attending to see things
like class size, curriculum and what extracurricular activities are offered. If
you plan to put your children in private schools or a schools of choice school
that is not where they would normally go, then you’ll need to evaluate the cost
involved (if any) and how the children would get to and from school each day.
If the children are of pre-school age, you may need to locate the closest pre-school
or childcare facilities. In addition to
schools, what about the churches in the area? Is there a church of your denomination
available? Maybe a Sunday visit to check it out is in order.
How are the roads to and from the homes location? If you get
out in the country in Michigan, you’ll probably be on gravel (dirt) roads. In
the warmer months the County will maintain the roads by grading them and
probably will also spray them with calcium chloride to control the dust;
however, they will still get rough (especially so in the winter months when
grading is not possible) and there will still be dust. It’s a price that people
pay to live out in the country in Michigan. Even if you are in the suburbs, it
is possible that your neighborhood could have really bad roads. That happens in
site condo complexes when the HOA doesn’t collect enough money to maintain the
roads that it owns. It can happen even in platted subs or on the streets of
Villages and cities, if they don’t have the means to maintain the streets. Don’t
expect that street that is rough as a cob to get any better just because you
moved in.
What is the heating fuel used in the area? You’ll notice as
you visit and drive around the neighborhood whether there are “pigs” in the
yards. No, not real oinkers, but the large metal tanks that hold propane, which
are called pigs in real estate parlance. That is a sign that there is no
natural gas pipeline in the area and that your choices for heating are propane,
heating oil or electric, all of which are more expensive than natural gas. You
could get lucky and find a geo-thermal house, which is a cheaper way of heating,
but that is rare. This is again a trade-off for houses that are way out in the
country, where the gas lines haven’t been run. Make sure that you get a handle
on the winter heating costs for those homes. Ask the current owners for a recap
of monthly costs from the last heating season.
If you have pets, especially dogs, think about accommodating
them. Does the neighborhood or HOA allow fences or even electronic fences? Some
Condo Associations or HOAs are very restrictive about fences (most don’t allow
any fences) and almost all have rules about dogs, such as the size of dogs that
are allowed and the rules for controlling the dogs when they are outside. If
you are thinking of moving to the country with your little dogs, think about
the problems caused by coyotes and foxes in this area. You can’t just let them
run free in your big country yard when the local animals see them as a tasty
snack. The same applies to cats.
It is fairly easy to find Internet site with statistics about the crime rates in any area, so check that out. There are also a number of sites that have demographic information about the area. In southeast Michigan the SEMCOG site is a good starting point for community profiles. There are other sites that will allow you to check out the presence of sex offenders in the area or to search for other things that might be of concern to you.
Unless you wish to live like a hermit, consider the cultural
and social amenities/activities in the area. In addition to the schools and
churches, are there places like libraries and museums and theaters within
reasonable distance? Are there things going on in the community that support
the arts? Are groups like the local Chamber of Commerce, the Rotary Club, the
Optimists’ Club and other social groups active in the community? What
opportunities exist for you to get involved in things or to volunteer to serve?
Getting involved in local community groups is the best way to get to know your
neighbors and to become part of the fabric of your new community.
If all of this sounds like a lot of extra work, remember
that buying a house is not like buying a pair of
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