When buying a house, what factors do you base your decision on?

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What are ALL the factors that you would like to be able to have knowledge of before you make the decision to buy a particular house in a particular area?

Give me an exhaustive list and prioritize them with the first 10 being the most important factors.

9 Comments
  1. Reply
    Lucas R
    November 10, 2011 at 1:06 am

    location, location, location

  2. Reply
    Christian Brown
    November 10, 2011 at 1:44 am

    location is everything! accessibility to work, school, hospital etc. you should also consider the population on that neighborhood.

  3. Reply
    BREW
    November 10, 2011 at 1:47 am

    found this – thought it could help you.

    http://www.ourfamilyplace.com/homebuyer/checklist.html

    Honestly I have bought quite a few and the first thing is that is has to catch your eye – dont just buy a house just because of location because you have to LIVE there so love it too. I agree Location is up there on the priority list, as well as having a reputable agent(s). I have had the same one for over 10 years and never had a complaint. The good thing abotu using the same one is that after awhile, they know what you want and can rule out houses without wasting your time with a walk-thru. Good luck and take the time to research b4 you buy – this is THEE biggest thing you will ever do so do your homework.

  4. Reply
    Weird Angel
    November 10, 2011 at 2:22 am

    There is a webiste called Ml stratus which real estate
    agents use to find houses and their price, owners
    their numbers and location. U have to look at the
    location ( the environment, what kind of people live there)
    , the price, the looks, the repairment and the
    conveniencey.

  5. Reply
    nickipettis
    November 10, 2011 at 2:50 am

    we did it the other way around.

    we started by making a list of ABSOLUTE requirements:
    1) no more than 10 minutes driving to a metro stop
    2) we considered only one county in the state
    2) swimming pool
    3) back yard already fenced

    In our price range, that narrowed it to about 20 houses.
    16 houses were ugly or just didn’t feel good from the outside, or on cul-de-sacs, which i didn’t want.
    we only had to look at 4 inside.
    we picked the one that made us both say “WOW! can we afford this?”
    then we had inspections done to make sure there were no hidden problems.

    we never went through any sort of buyer’s remorse, so i think it worked well.

  6. Reply
    Krystal J
    November 10, 2011 at 3:31 am

    1. Price & Condition of house
    2. Location
    3. Looks / style of house / rooms
    4. Space of house
    5. Space of yard
    6. Age of house
    7. How hard will it be to re-sell

  7. Reply
    BlackLabLover
    November 10, 2011 at 3:32 am

    1. COST – this was the major factor for us, we don’t have much money and didn’t want to go out of our budget. We didn’t bother looking at anything that was above what we could afford, because we knew we couldn’t get it anyway, so why fall in love with something you can’t have?
    2. Condition of house – we didn’t want something that needed tons of work (we like a home with new roof, new siding, new windows, etc.)
    3. Size of yard – at least .25 acres, nothing less for us
    4. fenced in yard, I have a dog 🙂
    5. Location – obviously we couldn’t afford a really nice house in a terrific area, can’t buy something we can’t pay for, so we went for the best house in the ‘best’ location we could find
    6. Ability to add on to home
    7. Garage
    8. At least two bedrooms (with ability to add on more)
    9. At least two bathrooms (with ability to add on more)
    10. C/A or at least the ability to easily add central air later

  8. Reply
    mateomortgage.com
    November 10, 2011 at 4:27 am

    1) Affordability(Can you make the payments is the mortgage payment going to be a burden)
    2) Location is the home convenient to work, schools, shopping etc.
    3) Resale is this a desirable home to someone else. Unique properties are great but if you are the only one that likes it, it could be hard to sell later.
    4) Condition of home, overall is maintenance going to be low or high and if so estimated cost of maintenance
    5) I would consider your overall gut or heart feeling about the home.

  9. Reply
    godged
    November 10, 2011 at 4:44 am

    #1 – Affordable. Does this house fit comfortably in your budget? Don’t count on making more money or cutting back on expenses, live in the here and now on whether you can afford this house and continue to live your life.

    #2 – Location. I would obtain information about crime rates in the area I am considering if I am not familiar with the area. Proximity to a grocery store, a nice park, whatever is important to you.

    #3 – Floor plan. Being OK with a floor plan is very personal, and it has to function with your life style.

    #4 – Lot. Is it big enough for everything you need to have?

    #5 – Schools. Most families want/need good schools.

    #6 – Commute. How long is it going to take me to get where I need to go? This has become more of a consideration while gas prices stay over $ 3.00 a gallon.

    #7 – Relationships. Is the location convenient to maintain my relationships with friends, family, kids functions, church, civic groups, etc.?

    #8 – Updates. Have the updates been done? If the house has wood siding, metal windows, appliances older than me, curling roof, and avocado green metal cabinets, I need to plan on some updates.

    This may not be “exhaustive” but it is the list I would work from.

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