Buying a house is often an exciting new stage in yours and your family’s life. Still, there are many factors to consider before you can say, “yes” to that sweet new home. In this post, we’ll discuss some of the major considerations that should be on your mind as you look for that ideal residential property in Allen, Texas.
#1: Location, Location, Location
Before you even begin to think about the other factors that go into buying a house in Allen, TX, it’s important to know where you want to live. All of these things — proximity to your work and/or school, neighborhood safety and vibrancy — will greatly influence how much time and money you spend commuting or driving to and from your house every week.
Location is one of the most important factors when buying a house. Make sure you’re familiar with all aspects of what makes an area desirable before making this decision. Consider whether distance from work or school is more valuable than reduced commute times or expensive transportation like taxis or buses after purchasing a new home in Allen.
#2: Market Value
One should always understand market values through research. Understanding current prices will ensure that you avoid overpaying while still getting everything that you want out of your new Allen house. Some things to think about include number of bedrooms/bathrooms as well as general size.
If you already have an Allen realtor or Allen real estate agent, they should be able to provide you valuable information, i.e. average listing prices and estimated property taxes, related to the property. Use the given data as a benchmark when deciding between houses with different characteristics; are they worth more than similar properties? What does their competitive advantage look like? How badly do you want those upgrades?
#3 Other Costs
“Do I need repairs before moving in?” This is something you have to constantly ask your real estate agent in Allen, TX. While viewing potential new homes, you might spot potential problems that could overgrown lawns, peeling paint on the exterior, roof or window leaks, to name a few.
While you want to make sure that your new Allen home is move-in ready before purchasing it, there may be things which need attention from a professional; this is especially true if you’re looking at older homes with less modern amenities.
Think about how much time and money these repairs will cost when deciding between multiple properties. If they aren’t too expensive (less than $1000), perhaps it’s worth investing in them so that you can live comfortably during the transition period while renovations are being completed?
Since you are moving to a new community, it is also important to consider your future neighbors and the surrounding establishments in the residential property in Allen.
While some people enjoy living next door to family members or close friends who they don’t want to live far away from no matter what happens, others prefer their own space, distant from their colleagues.
#5 Your Future Plans
When deciding between houses with different characteristics or price points, it can help to think about your planned length of stay before making any decisions.
If you’re only planning on staying for one year while transitioning into new jobs or schools, perhaps saving money is more valuable than investing in certain features? Should you choose an older property which requires less repairs instead? Or should you invest on a property that you can see yourself retiring in?
It is very important to determine your long term plan. Many people have big dreams when it comes to their home lives, but sometimes these plans change over time. Are you planning on staying in the area for a long time? Or do you think that it might not be feasible later because of other life changes? This can include marriage, having children, or needing to move for new jobs/schools.
Other factors such as your family’s needs and preferences, financial capability, lifestyle, and more also need to be considered before buying your next house in Allen, Texas. We at Cindy Coggins Realty Group would be more than happy to sit down with you and discuss your options. Give us a call at (469) 499-7452 today so our Allen realtors can personally assist you.