Advice for a home buyer in Columbia MO
Buying a home in Columbia takes some thought. Buyers need to consider other things in addition to price, financing, location, etc. Here are 5 topics that every buyer should spend time on before jumping into a house. These 5 issues almost always come into play when buying a home in Columbia MO.
How Long Do You Plan to Live There?
A lot can change in two years. You might have a baby; a child might move out, leaving you with more space than you need, or needed space. You could get divorced, death or some other disaster that changes your living situation drastically. You might get a raise or lose a job. Like I said, a lot can happen in two years. Homebuyers in Columbia need to buy a home based on what their needs might be two years from now.
What Will it Cost to Live There?
There are multitudes of costs that go along with home ownership. Buyers need to remember to consider property tax payments, homeowner association dues and homeowner’s insurance as part of the “total package” of their monthly payment. When they added these things into their monthly budgets, their budgets often changed dramatically.
What About the “Hidden” Costs of Home Ownership?
Of course, there are hidden costs of home ownership. Buyers need to consider the cost of home maintenance and home improvements. Do you require lawn service? Is the home an age that will typically require lots of maintenance?
Is the House an Investment?
For most buyers, a home is a forced savings plan, an investment. I told buyers to look at a house as a potential investment; to buy a house based on items most other buyers find appealing and not buy it for them, because that will help them sell for more money and sell faster, later.
What About the School Districts?
Even if my homebuyers weren’t going to use them, school districts play a pivotal role in a home purchase. People relocate to neighborhoods based on the worthiness of the school district, and the better the school district, the more likely a neighborhood is to maintain its value than neighborhoods with less than desirable districts.