Rising home prices can create an intimidating environment for first-time homebuyers who feel priced out of the market. However, if buyers zig where everyone else zaps, they may find that their dream home is right in front of them for the price they want, without initially realizing it.
Crumbling foundations, outdated plumbing, and a lack of a clear title are major red flags. Many other homes have fixable shortcomings. They may make a home seem unlivable at a showing, but in reality they lower the buying price, and once remedied, increase the long-term return on investment. When touring a home, don’t let these so-called issues become deal-breakers:
Bad wallpaper, paint or carpet. While time-consuming, repainting a room or replacing an ugly shag carpet is often relatively inexpensive and simple to do on your own. Even so, poor aesthetic design choices may turn off some buyers, which is why sellers are often encouraged to go with neutral colors and designs when readying a home for showing.
Poor landscaping. As with the design choices in the house, bad or poorly maintained landscaping can easily be spruced up with a little elbow grease and TLC. An overgrown lawn can be tamed over time, so there’s no need to rush out in search of a better maintained – and more expensive – home.
Confusing room use choices. Puzzled by the fact the previous owners turned what is obviously a walk-in closet into an office? Don’t be discouraged! Once you own the home, it’s yours to rearrange as you see fit. Don’t get too hung up on a confusing room use. Instead, focus on what you will find most comfortable.
Homebuyers don’t have to fall in love with a home at the showing. Once the big issues are checked off after inspection, they should make their home their own.