The Ultimate Guide to Assessing Your Dream Home: What to Look For?

In this podcast episode of Realty Bytes- Conversations on Real Estate and Lifestyle, we  have an overview of the comprehensive home buying checklist.

When looking at homes, whether you're a buyer or a realtor representing one, there are several factors to consider to ensure you're making a well-informed decision. Here's a list of items to keep in mind:

Location

• Neighborhood Safety: Check crime rates and speak to neighbors if possible.
• Proximity to Amenities: Distance to grocery stores, schools, parks, etc.
• Public Transport: Availability and convenience of public transportation.
• Traffic and Noise Levels: Consider your tolerance for noise and busy streets.
• Future Developments: Are there any planned constructions or zoning changes?

Financials

• Price: Is the home within your budget?
• Property Taxes: What will the annual property taxes amount to?
• Homeowner's Insurance: Estimate the cost.
• Resale Value: Consider the potential for the home's value to increase.
• HOA Fees: If applicable, how much are they and what do they cover?

Condition of the Home

• Age of the Property: Older homes may require more maintenance.
• Roof Condition: Age and visible condition.
• Foundation: Look for cracks or other issues.
• Plumbing and Electrical Systems: Ensure they are up to code and in good condition.
• Appliances: Age and condition.

Layout and Size

• Square Footage: Does the home offer enough space for your needs?
• Number of Bedrooms and Bathrooms: Suitable for your family size?
• Floor Plan: Does the layout make sense for your lifestyle?
• Storage Space: Closets, attic, basement, garage, etc.
• Outdoor Space: Yard size, deck, or patio.

Aesthetics

• Natural Light: Amount of light that enters the home.
• View: What can you see from the windows?
• Interior Finishes: Quality of materials used for flooring, countertops, etc.
• Flexibility: Can the space be easily modified or expanded?
• Curb Appeal: How the home looks from the street.

Inspection and Legal Aspects

• Home Inspection: Always get one to identify potential issues.
• Property History: Any past issues like flooding, fire, or infestations.
• Ownership Papers: Ensure the property has clear legal titles, with no disputes.
• Local Zoning Laws: Make sure they allow you to do what you want with the property.
• Inclusions and Exclusions: What stays with the home and what will be removed.

Miscellaneous

• Technology: Internet speed, smart home features, etc.
• Community: Social aspects like neighbor relations, community events, etc.
• School District: Important if you have or plan to have children.
• Commute: Distance to work or other frequently visited places.
• Utilities: Cost and efficiency of utilities like water, gas, and electricity.

Contact information:
Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
[email protected]