10 Things to Consider Before Buying a New Home in 2014

10 Things to Consider Before Buying a New Home in 2014

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10 Things to Consider Before Buying a New Home in 2014

Posted: 13 Jun 2014 07:48 AM PDT

feature e1402255554309 10 Things to Consider Before Buying a New Home in 2014

Amazing home with pool and mountain view. Image Source: Luxurious Estates

Home ownership can be a bittersweet experience.  All at once you enter into the sweet, exhilarating adult world of independence— you finally own your own home to do with what you please, but then the bitter side of bills and unexpected repairs arrive at your newly decorated doorstep.

Whether you are a first-time home buyer or a veteran in the world of homeownership, either way, there are plenty of unexpected surprises. What does everyone need to know before taking the big leap into buying a new home?

Here are 10 key factors to consider before signing on the dotted line.

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Modern Home With Outdoor Dining Room. Image Source: Home Designing

1.  Do You Have Enough Money?

This one seems obvious, but still bears mentioning.  Getting pre-approved for a mortgage is really the first step in the home buying process. Why waste your time looking at homes only to find out that you cannot afford them?

Realtors have a funny way of taking you to every home in your price range and then lastly taking you to the most amazing home that is slightly above your price range.

It can be very easy to fall in love with that last, most expensive home, but be cautious that you do not get trapped into a house that tightens your pocketbook to the point of breaking. Consider all the factors such as property taxes, utility bills, maintenance, homeowner association dues etc…

Your realtor should be able to provide you with all the current fees that come with the property. Assess all the financial burdens before buying. After all, it's no fun to own a palace while living like a pauper.

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Modern Glass Home. Image Source: Craziest Galleries

2.  Hire a Professional

In our DIY world, it can be tempting to buy and sell a home with little help from a professional. Professionals cost money so why waste it if you can do it yourself?

Even so, it still may be in your best interest to hire a successful realtor and lawyer when buying a home. There are just too many risks involved when going at this type of purchase alone.

A smart realtor can give you the scoop on neighborhoods, schools, housing markets, and most importantly guide you in the bidding process to get you the best price possible.  Be sure to hire a realtor who is exclusively your buying agent—one who has your interests in mind and not the sellers.

Yes, it will cost extra in realtor fees, but it is all worth it in the end when there are no surprises that could have been forewarned.

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Amazing Modern Pool and View. Image Source: World Of Archi

3.  Is it Located in a Good Neighborhood?

It's easy to fall in love with your dream home. You can spend day's house hunting and then finally find 'the one'. It has everything you desire – a massive eat-in kitchen, a huge garage, and a palatial pool.

Of course, you want to sign the papers immediately and make this home yours, but stop a moment and take a good look at the surrounding neighborhood and neighbors. What do you see?

Do you see an immaculate locale that will only go up in value? Do you see neighbors who take pride in their lawns and home upkeep? Do you see land that may be developed into a noisy ball field or park? Do you see areas of poor drainage that may cause water problems in your basement?

Before getting caught up in your dream home, use a keen outsiders eye and regard your vicinity carefully. It can be wise to visit the area at different times of day and night to see activity levels. Ask the realtor about planned developments in the area.  By law, the realtor has to disclose proposed roads and other intrusive developments.

Hopefully everything will turn up roses and your dream home will become your reality.

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Modern Den, Outdoor TV Room. Image Source: World of Archi

 4.  Current and Future Needs

You think that you have found your dream home; the home you must have! Alas, you still have other things to consider besides just the neighborhood.

If this is to be your forever home, or at least a home you plan to stay in for many years, you need to consider your growing needs over time and assess whether or not this home will meet those needs.

Do you plan to have children while living in this home? Are there enough bedrooms and play rooms for these said children? Do you plan to have a home office? Is there space for a home office and area to meet potential clients? Will you commute to work? How far is the commute? Are the local school districts top-notch?  (Visit Great Schools for ratings)

Even if some of these future needs are not your own, they will likely be the needs of others when you turn around to sell the property.  While you don't have a genie in a bottle to predict all of your life's needs, you can certainly foresee if this home will meet most of the standard ones.

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Wood and Stone Log Home. Image Source: Sniqi

5.  Return on Investment

It can be hard to sink all your hard-earned money into a home.  However, equity in a home can be a wonderful asset and home ownership also can be a smart and lucrative investment when done properly.

Before buying a new home you should really do a cost-benefit analysis. Think about how much money you plan to put into this home.

Do you plan on some lofty renovations? Will these renovations increase the value of your investment?  Is the home located in an area that seems likely to go up in value and has been going up in value since inception? Are you planning on staying in the home long enough to allow your investment to grow and gain profit?

Return on investment is not usually instantaneous; it takes time for a home's value to increase. Consider this investment carefully and when in doubt consult a realtor and/or a financial guru for guidance.

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Beautiful Southern Home. Image Source: Optea

6.  Is This Your Forever Home?

As mentioned above in Return on Investment, your home's value is likely to increase exponentially with the years you own it.  Buying your forever home can be a daunting purchase — anything with the word 'forever' in it is scary.

A home you plan to own for a lifetime is likely a successful financial move, but there are still plenty of factors to consider before buying.

Cumulatively, you need to look at a lifetime worth of factors. You need to consider all your future needs, even into your retirement years. Is this the home you want to retire in? Is it your dream home?

Forever is a long time, so be sure this home meets every want, need and dream you ever had before buying.

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Contemporary home with pool. Image Source: Home Modish

7.  How to Bid

You have found your castle in the sky and are ready to begin bidding. Now what? You know what you want to pay, but how do you convince the seller to agree?

Bidding is a careful dance that involves some pretty elaborate steps. This is where your dance instructor, also known as your realtor, will come in handy.

Obviously, your opening bid should not be what you actually want to pay. Rather, a general rule of thumb is that your initial bid should be 5-10 % lower than what you really want the outcome to be, and around 8-10% lower then what the seller is asking. Clear as mud?

Yes, bidding can be a complicated game. Consult your agent and take a close look at sale prices of similar homes in the area. Over all, be willing to negotiate and settle for middle ground.

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Modern white home with glass and pool. Image Source: Sniqi

8.  Home Inspection is a Must

Now you have won your bid! The papers are signed and the home feels like it's yours. However, there is still one more step before wiring money and moving in — Home inspection.

There are plenty of home inspectors to be found, but you will want to hire a real pro with an engineering and building background; someone who has been in the business for years and comes with plenty of good references.

A home inspector is meant to catch all those areas that are not up to code, all the potential drainage nightmares, and essentially ALL the problems with the homes structure. The home inspector is in place to protect you from costly repairs and surprises.

Again, it's initially more money out of your pocket but so worthwhile for your peace of mind.

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Elegant room filled with antiques. Image Source: Download 3d House

9.  Hiring Movers

The home inspection went flawlessly and now it's time to hire a moving crew. You are almost there; ready to dance across the threshold of your new dream home, but let's get your furnishings there in one piece.

Hiring a moving company requires some research. Who can you trust with all of your valuables and antiques?  Your best bet is to ask for references. A well-established moving company should have plenty of outstanding references of prior moves that they would happily share with you.

Make sure the movers you hire have availability on the moving dates you want; Make sure they have a cancellation policy that you can agree with; and most importantly, make sure they have a replacement policy for broken goods.

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Beautiful traditional home with garden. Image Source: Luxurious Estates

10.  Relax and Enjoy!

The day has come! You are officially living in your new home. It's an exciting time that should be celebrated with a nice bottle of champagne.

It is easy to jump the gun and want to get everything put away and decorated right away, but it's best to relax and live in your home first. The only way to know what colors you want and what furnishings to buy is to live in your home and see how you use it.

Take your time when decorating and you will end up with a look you love.

As you can see, home ownership can be a daunting and scary business. It is overwhelming to attempt to find the abode of your fantasies.

Follow this list, take your time, try to breathe through the stressful times, and hire an informative realtor to help you navigate the dance along the way. All of these steps have a worthwhile end at the doorstep of your dreams.

 

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Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens

Posted: 13 Jun 2014 05:01 AM PDT

design modern chair Vintage Appeal Inspired by Chandra Chair from KOKET Love HappensThe coveted Chandra Chair, by KOKET Love Happens features a daring appearance, perfect suited for eclectic interiors and homes looking to give away a feeling of opulence. The design stands out due to its elegant curves and the three unconventional looking legs in polish brass. The modern edge of the chair exudes vintage glam, while polished brass bands delicately bind the chair, highlighting the sculpted fluidity of the tight back upholstery.

ideas modern chair design Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens

The fusion between the seat in black and the legs in gold brass give the piece a modern feeling. As you can observe in the first photo of this post, this is one of those pieces which you can mix and match for spectacular visual effects and interior schemes. At the moment, Chandra chair is part of the ICFF Show at NY City. The product comes in three versions: chair, dining chair and bar chair. [Photos and information provided via e-mail by KOKET Love Happens]

 

modern chair design 2 Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens modern chair design 4 Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens modern chair design 5 Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens modern chair design 6 Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens modern chair design 7 Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens modern chair design 8 Vintage Appeal Inspired by Chandra Chair from KOKET Love Happens

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San Vicente House in California Adapted to a Complex Modern Lifestyle

Posted: 13 Jun 2014 12:45 AM PDT

architecture modern house California San Vicente House in California Adapted to a Complex Modern Lifestyle
San Vicente House in California was especially planned for a family with three young girls. Separating the living spaces from the noise of a busy neighboring street was one of the main challenges of the project. The architects at McClean Design embarked on a bold approach: “The drive court is screened from the street by high gates and tall landscaped elements. This area connects to an inner courtyard through a curving glass screen designed to allow the light to pass through but shield from the cars and noise. The courtyard contains a waterfall and an infinity edge pool both of which help to instill a feeling of calm as you approach the house. Our hope is by the time you enter into the two story entry hall you have left the rest of the world behind.
design modern house California San Vicente House in California Adapted to a Complex Modern Lifestyle
Some of the highlights of San Vicente House include a generously-sized back yard with swimming pool and guest house, five bedrooms, art room and gym. Each interior seems to reveal a bit of glamor and luxury, yet everything is kept tastefully simple. How would you comment on the design approach for this modern family home in California ?modern house California 8 San Vicente House in California Adapted to a Complex Modern Lifestyle
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Scandinavian Apartment Defined by Exquisite Taste and Fascinating Design Tricks

Posted: 12 Jun 2014 02:20 PM PDT

apartment in Sweden Scandinavian Apartment Defined by Exquisite Taste and Fascinating Design Tricks
Located on Hvitfeldtsgatan, a street in central Gothenburg, this Scandinavian apartment boasts a design complexity that we find mesmerizing. Discovered by Freshome on Alvhem Brokerage & Interior, this lovely home is a masterpiece in terms of material use and layout. Allthough the photos below seem to depict an imposing dwelling, with plenty of living space, this crib comprises two bedrooms and a large open plan living room, where the kitchen was also integrated. Natural light enters the apartment from various windows piercing inclined walls, which makes the place particularly welcoming.
design modern crib Scandinavian Apartment Defined by Exquisite Taste and Fascinating Design Tricks
The most interesting corner of the apartment is the dining space, located in what seems to be a former enclosed balcony and personalized by a charming stone finish. Interesting mid-century details of the building stand out throughout the interiors of this beautiful home, enhancing its elegant personality. Wooden beams create great contrasts with the white plastered walls and add warmth in the social zone and bedrooms. We love the soothing good taste this place exudes and we dare Swedish interior designers to continue to surprise and bewilder us with their compromise-free work!
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