Rule Number one, Inspect

There are several reasons to check the home your about to purchase before closing the deal. Many people buy homes without knowing the key factors about the house itself.Some key point to know about before buying are:Where the water meter is located? Are there proper shut-off valves to turn of the water off in the entire home? Where the main sewer line clean-out is located? How far is your sewer line until tapping in to the city's main connection? Where is your electrical box? What type of water and drain pipes does your home have? Example would be lead, copper, galvanized, PEX and many more.Here are some more examples of items you want to look into before buying a property.

1. Location and NeighborhoodThink about where the house is situated. How close is it to essential amenities like schools, hospitals, shopping centers, and public transport? Also, take a look at the neighborhood's safety, crime rates, and overall vibe. It's important that the area fits your lifestyle and feels comfortable.Condition of the PropertyBefore you commit, do a thorough check of the property's condition. Look at the structural elements, plumbing, electrical systems, roof, and insulation. Check for any signs of water damage or mold. Knowing the state of these aspects helps you gauge any potential repair or renovation costs.Property Value and Market TrendsGet a good grasp of the property’s market value and local trends. Compare it to recent sales of similar homes in the area and consider the potential for future appreciation. This helps you understand if you’re making a solid investment.Legal Considerations and DocumentationMake sure you review all legal documents related to the property. This includes title deeds, property taxes, zoning regulations, and any Homeowners Association (HOA) rules or fees. Ensure there are no legal issues or restrictions that could affect your ownership or use of the property.Financial ConsiderationsEvaluate the total cost of owning the home. This includes mortgage payments, property taxes, insurance, and ongoing maintenance. Check your financial readiness and think about things like potential resale value, property appreciation, and how the home fits into your long-term financial goals.

By thoroughly assessing these key points, you can make a more informed decision about purchasing a house that meets your needs, fits your budget, and aligns with your long-term goals.