Questions You Should Ask Yourself When Buying a Home

By Fran Campbell - September 21, 2018

Buying a home at the Lake of the Ozarks is a big step and you shouldn't buy real estate on a whim. Even if you already own your home, if you are considering moving to a new location, even a new neighborhood, you should take plenty of time to make the right choice for your new home. After all, buying a home is a commitment and you will want to be certain that the home you purchase is the right choice for you and your family. Consider asking yourself these questions before you buy a home at the Lake of the Ozarks.

Do I Like My New Neighborhood?

You could have the most beautiful home on the block - but if the rest of the block is dingy and unkempt, will you enjoy living there? You're going to live in your new house, but you're going to live in your new neighborhood, too. Don't forget to take a good look at your would-be new surroundings first!

Will My New Home Hold Its Resale Value?

Even if you plan on living in your new home for the rest of your life, it's important to think resale value. You may not sell it in your lifetime, but it's likely that your family will at some point in time. When you're buying property, then, it's important to consider the future resale value. Will you be able to increase the home's worth through home improvement projects? Are the surroundings appealing - and if so, are they likely to stay that way?

Am I Okay With My New Commute?

Work commutes are shown to have a strong correlation with overall job and life satisfaction. With most of us working at least forty hours per week, your new commute will likely be a drive you make almost every day. Test out the new drive before you purchase so you can get a feel for the roads, the traffic, and the amount of time your new drive will take you. Are you comfortable making the drive every day?

How Much Is This Home Actually Going To Cost Me?

The asking price of the home is only part of the puzzle. You also have to factor in the costs of the home appraisal, the home inspection, title insurance, and standard closing costs. After the official sale of the home, you will be responsible for making payments on your mortgage loan for fifteen, twenty, or thirty years. It's critical that carefully consider all costs of the home to make sure you can afford it.

Will The New Home Meet My Family's Basic Needs?

It's okay to be swept away by the vaulted ceilings and the granite countertops, but only after you have taken the time to ensure that the home meets all of your family's basic requirements. Are there enough bedrooms? How many bathrooms are there? The bonus amenities any home are great, but you'll be more focused on the basic features once move in.

When you hire the Fran Cambell Team to find your dream home at the Lake of the Ozarks, we will make sure to find a property that is right for you! Sure, we want to get you in your new home as soon as possible but taking the time to find the right home for you and your family is important to us and we don't want our clients to regret their real estate transaction. Asking yourself these questions will help make sure you will be happy in your new home for years to come! Our team is ready to help find your next home at the Lake of the Ozarks. Contact our friendly Lake of the Ozarks real estate agents to get started!

Contact the Fran Campbell Team to schedule a showing!