Red Flags When Looking for Your Next Home

Dated: 05/23/2019

Views: 27

Just because the house that you're thinking of putting an offer in on ticks all the boxes, it doesn't mean that the house is perfect for you.

With the saying "location, location, location" in mind, the house's location, and whether it meets your needs is as, if not more, important as the house itself. You can always change a house to some extent with upgrades and rehab, but the location of the house is fixed. Be on the lookout for these five red flags when it comes to determining the location of your next home.

1. While there may be other houses on the street for sale, especially during the "busy" seasons of spring and summer, an overwhelming number of houses on the market for an area can be a warning sign. If a lot of houses are on the market in a small geographical area, it can mean that the local market is experiencing a downturn.

2. Class size in a school system says a lot. Schools in healthy communities should be steadily enrolling, not losing.

3. If the neighborhood has lots of empty storefronts, be weary. Empty storefronts point to area in decline. If homeowners don't have money to go out and shop, it may also mean that they don't have the money for home maintenance and upkeep. Poorly maintained and shabby homes can decrease your property's value.

4. If limited parking at the house you're looking at is something that you noticed while you were visiting the house for the first time, it has the potential for forever being an Achilles heel of the property. If there's a one-car garage, or a small driveway, where will your spouse or guests park?

5. If the solution to the parking situation at your house is off-street parking, what's the traffic like? Are there cars lined up and down the street? Will you potentially have to drive around a while in search of a spot to park? That inconvenience can quickly become a major hassle, especially with a car full of groceries or small children to bring into the house.

While the location of your home is the greatest determining factor in value, for many homeowners it also turns out to be the greatest in how long they own their home.

Make sure that where you will be living will tick the "location" box on your home search checklist before submitting your offer.

Melissa Rolland is a real estate salesperson and Realtor, accredited home stager, and author of the book 'Straight from the Kitchen Table: Every Day Real Estate.' She lives in Tolland with her husband, Todd, an associate broker and Realtor. Together, they manage the Rolland Realty Group powered by eXp Realty of CT, LLC. You can connect with them at www.RollandRealtyGroup.com or 866-408-8059."The statements and opinions contained in this article are solely those of the individual author and do not necessarily reflect the positions or opinions of EXP REALTY INTERNATIONAL, INC. or its subsidiaries or affiliates (the "Company"). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.
Blog author image

Melissa and Todd Rolland

Melissa Rolland is a real estate salesperson, accredited home stager and has been a real estate investor for over a decade, helping hundreds of homeowners buy houses, sell houses, and invest in real e....

Latest Blog Posts

4 Staging Secrets for the Living Room

You may not be surprised to learn that home staging has become a huge trend in the real estate industry. This activity of styling and furnishing a property for sale in such a way to enhance its

Read More

6 Simple Secrets to Deluttering Your House

A tip most real estate professionals give to sellers when they're looking to put their house on the market is to "declutter". Saying that you're going to declutter, though, is a different thing than

Read More

A Declutter Tip that Will Blow Your Mind

You've decided to list your house, and the first thing on your to-do list, your Realtor advises, it to "de-clutter". Walking through your home, with its packed closets, shelves, cupboards, basement,

Read More

Red Flags When Looking for Your Next Home

Just because the house that you're thinking of putting an offer in on ticks all the boxes, it doesn't mean that the house is perfect for you.With the saying "location, location, location" in mind,

Read More