If you’re shopping for a home and can afford to buy one, you couldn’t be in a better position right now. In many parts of the country, housing inventory is high and both home prices and interest rates are
low and as a buyer, you can take advantage of that.
With so many properties on the market, you can probably take a more leisurely approach to house hunting without getting into a fast-paced bidding war. There is a caveat, however. The best homes priced properly for the market conditions will always be in higher demand.
As you begin your search for the right home for you, it pays to keep in mind things you need to check carefully so that they don’t cost you big bucks in the long run.
If kitchens matter to you, you might want to be fairly selective about them when looking for a new home. The2009 average price for a minor kitchen remodel for a midrange home is more than $21,000 and the cost for a major remodel is more than $57,000 and the costs are substantially more for higher-end homes.
Look carefully at the appliances, cabinetry, counters and floor. Those are the elements that cost more to replace. If possible, you want newer appliances to save money on repairs and energy costs; solid-wood cabinets; and solid-surface counters, such as granite, stainless steel, butcher block or engineered stone. Your floor choices include wood, cork, laminates and tile and it’s a matter of what’s comfortable and durable for your lifestyle.
Following kitchens, bathrooms are also expensive rooms to remodel at a 2009 national average of more than $16,000 because of the fixtures and plumbing. Make sure you see no leaks or evidence of leaks in tubs, toilets and flooring. Sharing bathrooms can be one of those pain points for families so make sure you get what you need.
A roof is a big-ticket item with an average 2009 replacement cost of more than $19,000 although adding a second layer to a roof is not nearly as expensive as replacing the entire thing. Inside the house, you can check the attic, ceilings and skylights for signs of water damage, look for places where the roof deck is sagging, and see if you can detect any light coming through. If you do see light coming through, it is likely not a problem if the roof is made of shake shingles. Outside, inspect for cracked, ripped, curling or missing shingles and damaged flashing. Also look for rotting, buckling, blistering or algae growth, which could also be signs of trouble.
An old heater can be hard to repair and eats up energy at a pace faster than newer units. Furnaces can start at about $5,000 to replace and if you buy a combined unit with the air conditioner, add on several thousand dollars. You may need to replace the heat pump or air conditioner if it’s older than 10 years and a furnace or boiler if it’s more than 15 years old.
The extra room you gain may be a huge headache if the basement floods. Look for water marks and find out if the house has a system for removing water.
Other areas of concern that might cost money down the line are the driveways and sidewalks, chimneys, insulation and windows.
If you find a house and your offer is accepted, you’ll be dealing with a home inspector who can fill in the gaps with a professional’s eye. The thing is, if you really want the home, you don’t have to let problems deter you. You are in position to negotiate a price reduction with the seller or insist repairs be made to the property before your offer is finalized.
30 Days Limited Money Back Guarantee Policy
If you decide you’re not 100% satisfied within the First 30 Days of your initial purchase, simply contact us by email and request a cancellation and full refund. You will receive a full refund of your purchase price. If the final exam has been taken, a refund can not be issued. The Florida Real Estate Exam Prep Master and the Florida Exam Prep Math, if purchased separately are not refundable.
The course is active for six months from the date of purchase. We offer the 7th month for free if needed. If your course has been active for 7 months or more, you can purchase one-month extensions. it is possible to have the course extended up to one year by purchasing monthly extensions online.
If we can assist you with Technical Support, General License Inquiries or Questions about Course Material please contact us.
Questions about course material: An Instructor is available Monday through Friday a week from 9 am to 7 pm (EST)
Technical Support or any other questions: Our office staff are available Monday through Friday a week from 9 am to 7 pm (EST)
We do our best to reply promptly to emails on Weekends
*Except for Major Holidays