Home buyers are having a tougher time today finding homes to buy. The average price of homes for sale has decreased 3% over the past year, while inventory levels are at an all-time high. This has resulted in a lot of first-time homebuyers dropping out of the market. However, there are some things you can do as a first-time homebuyer to help your chances of getting a good deal. Here are three tips:
Most people do not realize the importance of pest control during the real estate marketing process. It is important that homebuyers take an active interest in their homes’ pest situation, since many homes sold within the last year with pest problems discovered. While there are some specialty pest control companies that are worth a look, most people can find local ones by asking around or searching online. Homes that have been newly built are especially prone to problems from rodents, so homebuyers want to stay away from properties that are just two or three years old.
Home buyers’ current housing preferences will affect how much they will be able to get for their money. In a slow housing market, it may take homebuyers more time to find the perfect home. They will also have to wait longer to determine the appropriate price for their home. If there are certain areas where homes are selling more slowly than normal, homebuyers may want to focus on those neighborhoods to see if they are priced properly. On the other hand, if a buyer is looking for the latest trends, then he or she will probably want to avoid buying a traditional, high-end home in a low-demand area.
When asked what type of house they would prefer to live in, most home owners respond with a single-family home over condos and multi-family houses. Home owners are usually more comfortable living in a single-family neighborhood because they feel they can control who comes and goes in their neighborhood. They also feel more secure in a neighborhood because there are fewer predatory homeowners. More traditional single-family homes would preferably be located near a school, shopping, restaurants, and other businesses.
The average age of homeowners is rising, which is causing the housing market to become more competitive as younger buyers compete with older, inexperienced sellers. Homeowners tend to move slower when they are buying a house, but some are choosing to hold on to their homes for a longer period of time. They prefer to pay more than younger buyers, but are willing to settle for less in order to get the house they want. Home owners also feel more comfortable with older real estate practices such as open houses, allowing prospective buyers to tour the property. Home buyers would prefer properties that are well maintained, have all of the necessary amenities, and are close to major highways.
One of the challenges that first-time homebuyers face is purchasing an older, less expensive home than the typical buyer would like to own. A garage storage space could be the perfect solution. Garage storage spaces provide convenience for homeowners who have extra items and are not able to put them in the house until they are ready to move. In addition, these types of storage spaces also add value to the property, which helps relieve some of the financial stress that is often associated with purchasing real estate.
Home buyers typically look for extra storage space to keep closets and vehicles from filling up too quickly. Exterior lighting can help to increase the curb appeal of the property. Homeowners who wish to use garage storage space to store excess winter equipment may also want to consider adding exterior lighting to the home. The garage storage area will look more attractive when lights are added around it. The homeowners who are most interested in adding this type of lighting to their home will be the ones most likely to use it, which could potentially increase their property’s sale price.
The top five most-wanted list includes appliances such as refrigerators, dishwashers, freezers, washing machines, dryers, and outside heaters. While most buyers would like to own a refrigerator or oven, the majority of them do not have the budget to purchase one. Some homeowners who live in colder climates might want to consider installing a refrigerator. However, a homeowner should not install a refrigerator unless there is already an available wall or ceiling space for one to install. Installing appliances in the top five most-wanted lists increases the chances that the appliances will be sold.