Know When to Be Flexible as a House Hunter

by Tracy Warr 10/06/2019

When buying a house, especially your first home, it's all too easy to make impulsive decisions and fail to "see the forest for the trees."

Although it's impossible to ignore your emotional reactions to a house for sale, it's vital to look at the big picture and make sure there are no red flags being ignored or glossed over.

For example, if the foundation of the house looks unstable or the surrounding neighborhood is showing signs of deterioration, it's ultimately not going to matter how much you love the layout of the kitchen or the convenience of a first floor laundry room. Major problems can overshadow the desirable features of a home and have long-term implications on your finances (and sanity).

Even though the future marketability of a house may be the last thing on your mind when you're searching for your next home, it's a factor worth giving some serious thought to. When that aspect of home ownership is overlooked, it could result in headaches and possible financial loss down the road. While real estate generally has a tendency to appreciate in value over time, there are exceptions.

The good news is that many potential problems can be prevented by combining common sense with the advice of qualified professionals, such as an experienced, certified property inspector. If you're wondering what's covered in a typical home inspection, the American Society of Home Inspectors offers this overview: "The standard home inspector’s report will cover the condition of the home’s heating system; central air conditioning system (temperature permitting); interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components."

So while inspectors can't look behind every wall or accurately predict the remaining lifespan of an existing HVAC system, they can provide you with a lot of valuable tips, recommendations, and insights into the condition of a house for sale. Working with a top-notch real estate (buyer's) agent will also help you avoid many of the potential pitfalls of buying a home.

While nobody wants to move into a "money pit," the likelihood of finding a home that's absolutely perfect and doesn't need any repairs, updates, or improvements is extremely low. Home buyers who are too focused on perfection may eventually realize that their standards are unattainable. A successful search for a new home hinges on the ability to distinguish between a minor cosmetic problem, such as an unappealing paint color, and a major problem, like a basement that floods regularly or a roof that's been compromised by storms, falling branches, or long-term neglect.

Although home buyers have differing expectations when it comes to repairs, remodeling, decorating, and renovations, one thing's for sure: Everyone wants to add their own personal touches to a new home and make it feel and look like their own!

About the Author
Author

Tracy Warr

I love the Napa Valley life style, it is the property owners' Holy Grail! Whether you are looking for your dream home or wanting to increase your investment portfolio, I can show you how! In my spare time I enjoy volunteering for different groups in the community, entertaining for my friends and family and uncovering all the hidden gems of the Valley. Napa has so much to offer it's hard not to fall in love with it, and I love helping other people find that same feeling here in this amazing place I get to call home.

A little about Tracy:

Tracy has lived and worked in the Napa Valley for over 30 years and has intimate knowledge of the Real Estate market, micro-economies, school districts, neighborhood demographics and the best restaurants and wineries in the Valley! She is a top producer in Napa and continuously receives rave reviews from her clients. Her success in this business is due in large by her ability to connect and understand people and form long lasting relationships. Tracy has vast experience working in a multitude of different Real Estate transactions from winery purchases to first time home buyers. Her goal is to educate you on the Real Estate process and build your confidence so you can make the best and most informed decision on your premier property.