What to Consider When Buying a Home in Raleigh

Before you begin searching for homes for sale in Raleigh, NC you should consider certain things. Some buyers are remorseful after a home purchase because they didn't think through all the details before making a decision. We discuss common mistakes with our clients up front to ensure a successful transaction. Many people don't like to put in the work and study that go into purchasing a home. Prioritize your needs and wants, and communicate with your partner about everything. One person may be ready to purchase, while the other one is not. Whether you are thinking of moving to Raleigh or you are already here and just need a new place to call home, here are some things to think about when purchasing a house in Raleigh. Location within the Raleigh area The location is the most important factor when buying real estate since it is the one thing you cannot change. You can alter the condition and the price but not the location. Location is the one thing that a buyer must never compromise. Also, location is usually the most important factor in determining a home's price and future appreciation. This is because people want to live in a safe area and be close to things they need. Location is important. We use the following lesson to illustrate this. If you take the least expensive home you can find, and put it in downtown New York City, it would be worth millions. You will never be able to build the proper frame of reference for determining what is a good, great, or lousy bargain if you shop for homes in different places. It is important to gain expertise in a particular area to be able to confidently and with conviction make an offer when the time comes. Raleigh school districts Raleigh and the surrounding Wake County area has so many excellent schools that it's a great location to look for homes when you have children. This is also important for those who do not have kids, since a high-performing school district will likely influence the price and appreciation of a house. When you decide to sell in the future, buying real estate in an area with good schools will make it easier. A good school district can be a major selling point for real estate, whether you are looking to upgrade to a bigger house or downgrade to an empty nester. You run the risk of having your home depreciate if you purchase in a poor school district because there are fewer buyers. Raleigh neighborhoods Your home search will be heavily influenced by the neighborhoods of Raleigh. Our buyers are advised to focus on neighborhoods rather than cities or large areas. Your neighborhood will have a direct effect on you. What do you want in a neighborhood? Ask yourself this question as early in the process of buying a home as buying in a bad neighborhood will make you regret your purchase. Raleigh is home to many great neighborhoods, including Glenwood, North Hills and Oakwood. Downtown Raleigh, NC State and more are also available. Visit the house during rush hour It makes sense to check that the traffic during rush hour is not unbearable before buying a home. You don't want to purchase a house and then find that you have to sit in traffic all day. You don't want your time wasted in traffic, I know I do not. You'd rather spend time with family or doing other important things. It is always a good idea to have buyers test the commute on different days to ensure they feel comfortable. Also, check out the public transport options in Raleigh. Don’t focus on paint and landscaping Consider ignoring the paint and landscaping when looking at houses. They are both easily fixable and shouldn't influence your decision when buying a home. You shouldn't automatically rule out a home that is in a great location but has poor paint or landscaping. You have to imagine what it will look like after you make the changes. Many buyers are not able to overlook painting or landscaping, which gives others the opportunity to take advantage of this. Paint and landscaping can be changed, but not the location. Home inspection Anyone who buys real estate should consider this. A home with a cracked foundation or a roof that needs to be replaced immediately is not something you want to purchase. A home inspection can reveal these problems and more, giving you more bargaining power and a better idea of future expenses. When a client I had was buying a home in downtown Raleigh, the home inspector discovered that the HVAC system was not working properly. He suggested I call an HVAC expert, so I did. The HVAC was broken. The sellers had to pay for a brand new HVAC, so my $350 home inspection was worth about $5,500. So it's not a bad plan to make sure a good home inspection is done. Storage space Does the estate offer any storage space? Is it a luxury home with a lot of space or will it be difficult to move in all your belongings? It's important to know how much space you need before you start your search. You will have opportunities to maximize space by organizing and using it effectively. Some homes don't have an attic, basement, or storage space outside. This can make living there very difficult (and messy). You must take into account the storage space when purchasing a home in Raleigh, North Carolina. First-time home buyers If you are eligible, there are many programs and benefits available to first-time home buyers in Raleigh, NC. You can save up to $2,000/year in tax credits, or thousands of dollars. You can explore your eligibility as a first time homebuyer by clicking the link above. In recent decades, the appeal of homeownership to millennials has increased significantly. There are many options that do not require a 20% deposit. This allows a larger group of buyers to purchase a home. First-time buyers receive lots of assistance! New construction vs resale There are several differences between purchasing a home under construction and a resale property. That’s why it is still a good idea to use a Realtor when you're looking for new construction properties in Raleigh. A new home will have many features that an older property might not, and require less maintenance. Recent clients have purchased new construction properties in Fuquay-Varina and Holly Springs as well as Raleigh, NC. You can find many different builders who develop real estate in Wake County. Make sure to choose the best one for you! For those who want to be the only ones to have lived in the home, new construction is a great option. HOA vs no HOA You will have to ask yourself some questions whether you want a HOA or not. The main difference is that an HOA will charge you a monthly fee to take care of things like lawn care, exterior maintenance, road cleaning, and amenities such as a tennis court, golf course or swimming pool. You should be aware that not all HOAs are alike and will perform different tasks. You'll want to budget for an HOA if you plan on buying a home with one. Also, you should be able to follow the rules. You may not be able to do some things you enjoy if you have an HOA. When buying a home or townhome there are two important questions that buyers should ask themselves: 'Do I want to be responsible for yard work and maintenance?' As well as, 'do you want to be bound by the rules of an HOA? In addition to those questions, buyers may also want to ask about noise and neighboring properties. Buying real estate in Raleigh, NC The availability of so many options for home buyers, as well as the assistance with down payments, has made buying a house easier than ever before! It is no longer necessary to pay 20% of the purchase price as a down payment. This makes investing in real estate when you are young a great idea.

Before you begin searching for homes for sale in Raleigh, NC you should consider certain things.

Some buyers are remorseful after a home purchase because they didn't think through all the details before making a decision. We discuss common mistakes with our clients up front to ensure a successful transaction. Many people don't like to put in the work and study that go into purchasing a home. Prioritize your needs and wants, and communicate with your partner about everything. One person may be ready to purchase, while the other one is not.

Whether you are thinking of moving to Raleigh or you are already here and just need a new place to call home, here are some things to think about when purchasing a house in Raleigh.

Location within the Raleigh area

The location is the most important factor when buying real estate since it is the one thing you cannot change. You can alter the condition and the price but not the location. Location is the one thing that a buyer must never compromise. Also, location is usually the most important factor in determining a home's price and future appreciation. This is because people want to live in a safe area and be close to things they need.

Location is important. We use the following lesson to illustrate this. If you take the least expensive home you can find, and put it in downtown New York City, it would be worth millions.

You will never be able to build the proper frame of reference for determining what is a good, great, or lousy bargain if you shop for homes in different places. It is important to gain expertise in a particular area to be able to confidently and with conviction make an offer when the time comes.

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Raleigh school districts

Raleigh and the surrounding Wake County area has so many excellent schools that it's a great location to look for homes when you have children. This is also important for those who do not have kids, since a high-performing school district will likely influence the price and appreciation of a house.

When you decide to sell in the future, buying real estate in an area with good schools will make it easier. A good school district can be a major selling point for real estate, whether you are looking to upgrade to a bigger house or downgrade to an empty nester.

You run the risk of having your home depreciate if you purchase in a poor school district because there are fewer buyers.

Raleigh neighborhoods

Your home search will be heavily influenced by the neighborhoods of Raleigh. Our buyers are advised to focus on neighborhoods rather than cities or large areas. Your neighborhood will have a direct effect on you. What do you want in a neighborhood? Ask yourself this question as early in the process of buying a home as buying in a bad neighborhood will make you regret your purchase.

Raleigh is home to many great neighborhoods, including Glenwood, North Hills and Oakwood. Downtown Raleigh, NC State and more are also available.

Visit the house during rush hour

It makes sense to check that the traffic during rush hour is not unbearable before buying a home. You don't want to purchase a house and then find that you have to sit in traffic all day. You don't want your time wasted in traffic, I know I do not. You'd rather spend time with family or doing other important things.

It is always a good idea to have buyers test the commute on different days to ensure they feel comfortable. Also, check out the public transport options in Raleigh.

over-grown garden

Don’t focus on paint and landscaping

Consider ignoring the paint and landscaping when looking at houses. They are both easily fixable and shouldn't influence your decision when buying a home. You shouldn't automatically rule out a home that is in a great location but has poor paint or landscaping. You have to imagine what it will look like after you make the changes.

Many buyers are not able to overlook painting or landscaping, which gives others the opportunity to take advantage of this.

Paint and landscaping can be changed, but not the location.

Home inspection

Anyone who buys real estate should consider this. A home with a cracked foundation or a roof that needs to be replaced immediately is not something you want to purchase. A home inspection can reveal these problems and more, giving you more bargaining power and a better idea of future expenses.

When a client I had was buying a home in downtown Raleigh, the home inspector discovered that the HVAC system was not working properly. He suggested I call an HVAC expert, so I did. The HVAC was broken. The sellers had to pay for a brand new HVAC, so my $350 home inspection was worth about $5,500. So it's not a bad plan to make sure a good home inspection is done.

Storage space

Does the estate offer any storage space? Is it a luxury home with a lot of space or will it be difficult to move in all your belongings? It's important to know how much space you need before you start your search.

You will have opportunities to maximize space by organizing and using it effectively. Some homes don't have an attic, basement, or storage space outside. This can make living there very difficult (and messy).

You must take into account the storage space when purchasing a home in Raleigh, North Carolina.

First-time home buyers

If you are eligible, there are many programs and benefits available to first-time home buyers in Raleigh, NC. You can save up to $2,000/year in tax credits, or thousands of dollars. You can explore your eligibility as a first time homebuyer by clicking the link above.

In recent decades, the appeal of homeownership to millennials has increased significantly. There are many options that do not require a 20% deposit. This allows a larger group of buyers to purchase a home. First-time buyers receive lots of assistance!

new construction

New construction vs resale

There are several differences between purchasing a home under construction and a resale property. That’s why it is still a good idea to use a Realtor when you're looking for new construction properties in Raleigh.

A new home will have many features that an older property might not, and require less maintenance. Recent clients have purchased new construction properties in Fuquay-Varina and Holly Springs as well as Raleigh, NC. You can find many different builders who develop real estate in Wake County. Make sure to choose the best one for you! For those who want to be the only ones to have lived in the home, new construction is a great option.

HOA vs no HOA

You will have to ask yourself some questions whether you want a HOA or not.

The main difference is that an HOA will charge you a monthly fee to take care of things like lawn care, exterior maintenance, road cleaning, and amenities such as a tennis court, golf course or swimming pool. You should be aware that not all HOAs are alike and will perform different tasks.

You'll want to budget for an HOA if you plan on buying a home with one. Also, you should be able to follow the rules. You may not be able to do some things you enjoy if you have an HOA.

When buying a home or townhome there are two important questions that buyers should ask themselves: 'Do I want to be responsible for yard work and maintenance?' As well as, 'do you want to be bound by the rules of an HOA? In addition to those questions, buyers may also want to ask about noise and neighboring properties.

Buying real estate in Raleigh, NC

The availability of so many options for home buyers, as well as the assistance with down payments, has made buying a house easier than ever before! It is no longer necessary to pay 20% of the purchase price as a down payment. This makes investing in real estate when you are young a great idea.

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