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What You Need to Know Before Buying a Home

What You Need to Know Before Buying a Home

House hunting can be tough. You may spend endless weeks or even months searching for that perfect home you are envisioning. When you do find it, your first impulse might be to jump right in and sign on the dotted line. After all, you don’t want to lose out to another buyer. However, before you take that plunge, here are 14 important things to do in order to ensure your dream home doesn’t turn into the stuff of nightmares.

1. Research the Neighborhood

Find out all you can about your new neighborhood online. Search government websites, tourism agencies, and any community forums or blogs. These places will let you know what’s going on in the community, what development is planned, and if any festivals or celebrations are in the works.

You’ll also want to check crime reports before moving in. Try the local police station for crime statistics, or try your search online. There are websites, such as CrimeReports, where you can find specific information linked to an address or a ZIP code.

neighborhood
    2. Know Your Loans

    Before you agree to a mortgage loan, make sure you know exactly what you’re getting into. Do you want a fixed rate or adjustable rate loan? What will your monthly payment amount be? Do you want it for 15 or 30 years? Are there any penalty fees, such as for early repayment? What will your closing costs be? Make sure you understand all these points before signing.

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    3. Take a Test Drive

    Sure, traffic may be light on the weekends when you’re visiting the home, but what will your workday commute be like? In order to avoid any unpleasant surprises, take a drive during rush hour to see exactly how much traffic there is and how long your commute will be.

    commute
      4. Check the Schools

      Be sure to check and see if your home is located in a good school district. You can check school district performance at GreatSchools. A school district that consistently performs well will help your home retain its value, so it’s important to look into this whether you have children or not.

      5. Get It in Writing

      Make sure your real estate agent includes everything that’s necessary in your offer – your price, finance terms, if you want the seller to assist with closing costs, a home-inspection contingency, what appliances will stay, closing date, etc. Read your offer carefully, and be sure to read anything you receive from the seller just as carefully before signing anything.

      6. Get a Home Inspection

      It’s vital to schedule a home inspection before agreeing to purchase a home. You need to know if the house is structurally sound, if any repairs are required and how much they would cost. You can request that the seller pay for any necessary repairs, in whole or in part.

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      If the home has a well, make sure the water has been tested. You should also check the tap water quality to see if you would need to put in a water purification system if you moved in.

      7. Get Full Disclosure

      Demand full disclosure from the sellers on any issues the home may have had. Were any major repairs ever required? Is there a history of termites? Have there been issues with water damage or mold? If the home was built before 1978, was lead-based paint used? Is the home at risk for natural disasters, like flooding, earthquakes or tornadoes? Has anyone died in the house or were any crimes committed there? These are all things you are entitled to know.

      8. Visit at Different Times

      Be sure to visit the house on weekends, weekdays and weeknights in order to see how quiet or noisy the neighborhood is. Are there loud weekend parties at the house next door? Does a train a few miles away honk their horn every Saturday morning when passing? It’s better to know these things in advance and avoid any unpleasant surprises.

      house at night
        9. Know Your Taxes and Other Fees

        Keep in mind that your mortgage will include much more than just your principal and interest payment. You will also need to figure in your tax and insurance payments. If you must join a homeowner association, know the fees. Also, don’t forget to include your utility bills to your list of monthly expenses. It all adds up.

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        10. Check Out Amenities

        Research amenities that are near your new home, such as parks, pools and golf courses. Will you be able to walk there? How long will you have to drive? It would be nice to know if a playground is nearby if you have children, or if the library is a mere five-minute drive away.

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          11. Find Out Where the Sun Hits

          This may not be something you’d usually think about, but it can be important, especially if you love having the sun wake you up in the mornings. Be sure to have windows facing east and west so you can have natural light the majority of the day.

          12. Be Neighborly

          Talk to neighbors to get a good feel for the neighborhood in general and the people you’ll be living near in particular. They can clue you in on fun events, like neighborhood garage sales, or on any problem neighbors, like the grumpy old lady who doesn’t like kids. (This is also a great time to ask about that train!)

          13. Figure in the Cost of Furniture

          If you’re moving from a tiny apartment to a large, single-family home, you will need to buy furniture. If you haven’t been shopping lately, you may be in for a rude surprise when you see those price tags. Try visiting flea markets and garage sales, or try a website like Freecycle, where people go to unload items they no longer want for free.

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          14. Consider Your Future

          Buying a home is a huge investment, and you’ll likely want to stay put for a while. Make sure the house will fit your future needs, whether you plan to have children, retire or face any other major life changes. Make sure the house works for you now and later.

          With this information at hand, you should be able to find the perfect house, in a great neighborhood, for you.

          Featured photo credit: Charles L via unsplash.com

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          Last Updated on October 15, 2019

          How To Be Successful In Life? 13 Tips From The Most Successful People

          How To Be Successful In Life? 13 Tips From The Most Successful People

          What is success to you? How to be successful in life?

          To some, when they think of success, they imagine wealth; others want power; some just want to make a positive impact on the world.

          All of these are perfectly valid, indeed success is a concept that means different things to different people. Though no matter what success is to you, it almost certainly isn’t something will come easily.

          There are countless guides and books to being successful, however, as success is personal and unique to each individual. The advice contained in these books can often not be relevant. Therefore following the advice of a single individual can often be unhelpful.

          With this in mind, considering the advice of a great many people, people whose ideas of success were different both to each other, and quite possibly, to you can be a good alternative.

          What follows is a list of thirteen of the best pieces of advice from some of the most successful people who have ever lived. If you want to learn how to be successful, these 13 tips are essential:

          1. Think Big

            From Michelangelo Buonarroti, Great Renaissance Artist:

            “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.”

            There are few artists as influential as Michaelangelo. Today centuries after his death, his work still inspires and connects to people. His work is world famous, just think of his statue of David, or the Mural in the Sistine Chapel in the Vatican.

            Imagine then, if he decided not to work as an artist.

            Being a successful artist has always been extremely difficult, imagine if he decided to give up this ambition in favour of something easier?

            Oftentimes, people often decided to put their dreams aside for something more “realistic”. To give up their dream for something easier. This quote teaches us the danger of such a point of view.
            Instead be ambitious.

            2. Find What You Love to Do and Do It

              From Oprah Winfrey, Media Mogul:

              “You know you are on the road to success if you would do your job and not be paid for it.”

              This is a good quote to remember and think about when you’re at work.

              Imagine being as successful as possible in your current job. Ultimately you’ll probably find yourself working extremely hard and this it will take up much of your time.

              If it’s a job you hate, then being successful at it might only mean filling your life with something you hate to do. What’s the sense in this?

              Instead, why not focus on doing something you love? When you’ve found what you’re passionate about, you get the motivation to keep you moving. Success at this means the fulfilment of your dreams.

              Not sure what your passion is yet? You should learn about this Motivation Engine first.

              Even if you’re not successful, you still filled your time with something you love to do. Many successful musicians spent years of their lives doing unpaid performances, the only reason they kept playing was because they loved to perform.

              3. Learn How to Balance Life

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                From Phil Knight, CEO of Nike Inc.:

                “There is an immutable conflict at work in life and in business, a constant battle between peace and chaos. Neither can be mastered, but both can be influenced. How you go about that is the key to success.”

                All too often, people think that to be successful, they need to make the object of their success their life.

                If a person thinks their job will lead them to success, then they may spend countless hours per day, and well into the evening working hard.

                However this comes at the cost of rest, your health and having an enjoyable life. Ultimately they may burn out and cease to be successful at their job anyway.

                If success comes from having a strong social life and a good group of friends, their job may suffer; meaning that they may lose their job, and then be unable to afford going out with friends.

                In these ways, success, as Phil Knight says above, is helped by balance. Think of it as a balance between rest and work, or work and play.

                To achieve that balance, this Ultimate Guide to Prioritizing Your Work And Life can help you.

                4. Do Not Be Afraid of Failure

                  From Henry Ford, Founder of Ford Motors:

                  “Failure is simply the opportunity to begin again, this time more intelligently.”

                  There is a story, it’s unconfirmed whether it actually happened, yet the message within is none the less true:

                  Thomas Edison inventing the lightbulb was the result of several hundred failed attempts. In an interview, he was asked “How do you feel after all of your failed attempts?”

                  His response was great, “I didn’t fail, I learned hundreds of ways not to invent the lightbulb”

                  He saw each “failure” as a lesson. From that lesson he learned what won’t work, and also might work instead.

                  Each failed attempt, each rejection, were key steps on his path to success. It is easy to feel like you should give up after a failure. But perhaps in that failure is a lesson.

                  Pay attention to your failures, study them. Perhaps then you’ll learn how to succeed.

                  If you find it difficult to fight your fear of failure, here’s a guide for you: Why You Have the Fear of Failure (And How to Conquer It Step-By-Step)

                  5. Have an Unwavering Resolution to Succeed

                    From Colonel Sanders, Founder of KFC:

                    “I made a resolve then that I was going to amount to something if I could. And no hours, nor amount of labor, nor amount of money would deter me from giving the best that there was in me. And I have done that ever since, and I win by it. I know.”

                    This, in many ways relates to the above quote about learning from your failures.

                    It’s the easiest thing in the world to give up from a failure. The only way to push on is if you have the true burning desire to succeed, to not be moved or dissuaded from your goals.

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                    If you are not truly dedicated towards success, then each failure will hurt more, each set back will slow you down.

                    Success is hard; without the unwavering desire to succeed, this difficulty may seem insurmountable. With the desire, it is merely an obstacle to go through.

                    6. Be a Person of Action

                      From Leonardo da Vinci, Renaissance Genius:

                      “It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.”

                      Though it was said hundreds of years ago, it works just as much today as it ever had. It applies to literally any successful person.

                      Think about it, picture someone like William Shakespeare:

                      When we think of the time he lived in, we think of the time in a way shaped by him. When we think of Renaissance era Italy, we think of Michelangelo and Leonardo Da Vinci. Or think about the present day, Bill Gates or Steve Jobs. Our current way of life would simply be incomparably different if they didn’t accomplish what they did.

                      You’re probably reading this article on a device by a company that they either founded or companies influenced by them.

                      All these figures were proactive, they saw ways to do things differently and did them. If they let the world shape them, then they’d simply fit into the background. Instead they shaped the world.

                      Applying this to you?

                      Don’t be afraid of going outside the norm. If you can think of a better way to do something, do it that way. If you fail, try again.

                      7. Cultivate Positive Relationships

                        From Theodore Roosevelt, 26th President of America: “

                        The most important single ingredient in the formula of success is knowing how to get along with people.”

                        The best leaders and some of the most influential people (and Theodore Roosevelt is one of the best leaders and one of the most influential people to have lived) were not those who caused commotions, who fought with people or disregarded people; but were people who were friendly to those around them.

                        People liked them. They wanted them to do well.

                        This is key to good leadership.

                        It’s logical. If someone likes you, they want to help you; if you give them a suggestion, they’ll gladly follow through with it.

                        But if someone doesn’t like you, they may either refuse to help or actively get in your way.

                        What’s more, it’s always a good idea to cultivate good relationships. You can never tell who will prove to become someone who’ll be able to help you in a big way, or even be a good and supportive friend.

                        As such, help people and they may help you; and be good to people, and they my be good to you.

                        8. Don’t Be Afraid of Introducing New Ideas

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                          From Mark Twain, Famed Author:

                          “A person with a new idea is a crank until the idea succeeds.”

                          It is an unfortunate truth that those with the boldest ideas are often disregarded.

                          Most of us are taught from an early age to think and do things similarly to everyone else. This can be great to fill an existing role. But to truly do things differently (and all successful people did things differently), you need to think differently.

                          If you have a new idea, don’t throw it away because it’s new and different; instead, celebrate it. Your strange new idea might one day be the one that leads you to success.

                          9. Believe in Your Capacity to Succeed

                            From Walter Disney, Founder of Walt Disney Company:

                            “If you can dream it, you can do it.”

                            Success has to be something you can imagine yourself achieving.

                            It is possible that you will come across those who doubt you and your ability to succeed. You must not become one of these people because the moment you cease believing and dreaming is the moment these dreams fall away.

                            Keep dreaming!

                            10. Always Maintain a Positive Mental Attitude

                              From Thomas Jefferson, 3rd President of America:

                              “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.”

                              Like the above quote says, you need to trust in your ability to succeed. This is the only way to cultivate the right mindset.

                              Replace negative thoughts with the positive ones. You need to approach problems, not as obstacles stopping you, but merely tasks that need to be completed for you to keep going.

                              If you stay positive and think like this, setbacks won’t affect you so much, people’s doubts won’t impact you and even the biggest obstacles will seem like minor problems.

                              However with the wrong mindset of doubt, you’ll be much easier to stop.

                              11. Don’t Let Discouragement Stop You from Pressing On

                                From Abraham Lincoln, 16th President of America:

                                “Let no feeling of discouragement prey upon you, and in the end you are sure to succeed.”

                                It is an unfortunate fact of human nature — all of us in some way, doubt ourselves. This can be made far worse if others doubt us too.

                                When surrounded by doubts, giving up can actually seem like a good idea.

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                                Don’t pay attention to the doubts. If you are discouraged, ignore it.

                                If this discouragement moves into your mind and you begin to doubt yourself. It is important to ignore this too.

                                This is How Self Doubt Keeps You Stuck and How to Overcome It

                                12. Be Willing to Work Hard

                                  From JC Penny, Founder of JC Penney Inc.:

                                  “Unless you are willing to drench yourself in your work beyond the capacity of the average man, you are just not cut out for positions at the top.”

                                  You might have heard the quote that “success is 1% inspiration, 99% perspiration” or you may have heard about the 10,000 hours idea.

                                  Whichever way you frame it, they say one thing:

                                  True success comes from work.

                                  You’ll never become successful if you don’t work towards your goal in life and keep working towards it.

                                  Check out this article and you’ll understand Why Hard Work Beats Talent.

                                  13. Be Brave Enough to Follow Your Intuition

                                    From Steve Jobs, Co-founder of Apple Inc.:

                                    “Have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

                                    In ancient Greece, there was a group of Oracles who lived in Delphi. Everyone who needed advice or to know their future visited them, from the poorest of society to kings. Above the doorway of the temple were the words “know thyself”.

                                    If you strongly believe and desire something, chances are that you already have an idea how to get there. If not, you may naturally know what things will help you and what things will slow you down.

                                    It’s like how your body can detect danger even when things seem safe.

                                    Ultimately then, you need to trust your own instincts.

                                    Final Thoughts

                                    What you might have noticed is that many of the above lessons are similar — most are about developing the right state of mind. This clearly suggests that the key to achieving success, in whatever you wish, comes down to the way you approach it mentally.

                                    Moreover, no matter what stage of life you’re at now, you can still make a difference and pursue success. You can make resetting your life possible when you do this: How to Start Over and Reboot Your Life When It Seems Too Late

                                    More to Help You Succeed in Life

                                    Featured photo credit: Ryan Wong via unsplash.com

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