What a First Time Buyer Must Know
When you move from renting to buying, you make more changes in your lifestyle than you may think
. A first time home buyer oftentimes assumes that owning a house is far preferable to renting because of the freedom that comes with it. This is true, to an extent, but there are also a lot of responsibilities that come with homeownership. Among them are insurance, property taxes, maintenance and, sometimes, other fees associated with the property. To make sure you know about all of them, you should work with a realtor.Some of the most important parts of selling any home are the inspections. Edmonton real estate, of course, must be up to code in every way, but there are other inspections that are vital, as well. For instance, lead paint was used for several decades. In some older homes, it may still be present. Any home on the market has to be inspected for this hazard. You'll also need to have the electrical system inspected to make sure that there aren't any hazards presented by subpar work or aged wiring and safety equipment. Without having the home inspected, there is no way to know.
Edmonton real estate listings include some very modern homes. Generally, these have excellent heating and cooling systems, high efficiency windows and great insulation. Even though these systems may be new, a first time buyer always has to have them inspected. The homeowner may have let maintenance get behind or may not have paid attention to the state of their systems at all. If this is the case, you may find yourself with a home that needs very expensive repairs as soon as you move in, especially when the first winter at your home comes around!
A realtor can also help a first time buyer avoid common pitfalls. For instance, some homeowners will make improvements and repairs to a home in the hopes that they can sell the home for much more money because of them. Unfortunately, because profit is the motive, these improvements may not be worth anywhere near what the homeowner wants to charge for them. Make sure that any house you look at is looked over by a professional realtor. They can make sure that all bases are covered and that you're not taking unnecessary risks. Because of the amount of money involved, this is absolutely vital.
What a First Time Buyer Must Know
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