In Love with Two Houses? Things to Consider When Choosing Between Them

When you’re shopping for a home in Barrie, it may seem like you’ll be lucky just to find one that’s got everything you want and need. But what if you happen to find two of them that suit your needs exactly? What do you do then? Here are some things to keep in mind if you’re on the fence between two outstanding houses:

  • Look at the neighborhood each home is in. You may discover that one home is closer to a park or shopping. The neighbors make a huge difference. If they aren’t maintaining their own yards, then they might not be such great neighbors.
  • Inquire at the local police department to find out what the crime rate is around the homes you are considering. They should keep a record of which types of crime, if any, are common in each of the neighborhoods. For example you maybe choosing an area close to student housing where students are parting more.
  • Check out the prices of home sales in the two neighborhoods. You may discover that the homes in one neighborhood appreciate much more quickly than they do in the other neighborhood. This is especially important if you know that you will only be there for a few years. Because when it comes time to sell you'll find that the lower value of your neighbors' homes can shrink your home's value.
  • Find out how long each home has been on the market. The longer a house has been on the market, the more likely you will get a great deal when you put in an offer. Your realtor may even be able to find out some additional information about the current owners and why they are trying to sell the home. Some situations are more pressing than others. A job transfer or divorce, or financial reasons can makes most sellers very motivated to get rid of their home.
  • Examine the other homes in the neighborhood. While it’s nice to have the biggest home on the block, you will discover if you sell your house later that the lower home values around you will be pulling the value of your home down.
  • Give a rating to all of the features of each home. You should make a list of the amenities and attributes you want your house to have. For example, you might like the flooring in one kitchen better than another, or want that first floor home office or a large backyard. Then, prioritize each of your preferences.
  • If you have children or are thinking about having some, look at the school district to see which one is better. This could be a deciding factor when you have two homes that are almost identical.
  • Look close at the home! When looking at homes we tent to get excited and miss details that we find later. For example drywall condition, flooring and carpet. Look at the details so the excitement is restricted to not cloud your judgement.

It’s important to take your time and weigh all of the features of each home before making this important investment decision. However, don’t take too long to decide! Chances are if you’re eyeing a home, someone else will be too. You’ll want to make your move before the decision is made for you. If you really take a long time, you could even find that both of the homes you are interested in have been sold. So take a day to weigh both homes against each other, but certainly no more.

Let the Barrie Real Estate agent at Your Choice Realty help you decide which home is the right one for you. They’ll help you save thousands of dollars in real estate fees and help you determine if the home you are considering is really worth the asking price. Call Ken Sowman today.