There are critical aspects that every home buyer should be aware of when looking to purchase property, as real estate expert Nick Millican shares. With rising mortgage rates, it is important for home buyers to avoid purchasing homes that require a lot of renovations.
It is common for people to think that buying a “fixer upper” ensures they will save money, however, they can add up to be costly projects for the housing industry that have increased in price along with mortgage rates. As Nick Millican comments, if a buyer isn’t shopping smart, another costly factor of owning a home can be the energy usage.
Nick Millican explains some more on this. He says homes that are poorly insulated or have out of date energy features can cost the buyer more than what they were expecting. With this in mind, it’s important to stir clear of flats or other properties that have cladding issues as well.
This emphasizes the importance of getting a thorough survey and inspection before buying the property. Buying a home that has poor exterior care or minimal lawn space are other common mistakes that are made. While the interior design and structure of a home are essential factors to be aware of, Nick Millican rapports, being surrounded by noisy highways, businesses, railroads, and other causes of noise and air pollution are aspects of home buying that everyone should look out for.
With insight provided by Nick Millican, it is evident that there are numerous factors that go into finding the right home. It is important to seek professional assistance to help guide home buyers in the right direction.