Moving to a new home is usually an exciting affair. It signifies a new start, a new job, a new milestone accomplished, a new life. However, moving to a new place can also be pretty stressful. There are a lot of things one should think about, especially financial-wise.
But did you know that there actually specific factors that can make a residential place even more expensive than it should be? Here are a couple of things that you must NEVER EVER ignore and overlook if you are moving to new place.
It is a no-brainer that one should research first about the neighborhood that they are going to move into. But usually, crime rates get overlooked, especially when confronted with a really affordable price that SEEMS like a real score, but not really. A neighborhood that gets a lot of cases of robbery and assault on a regular basis, after all, have lower property value.
Another important thing to consider? The risk of flooding. Here is the sad truth. Most people don’t think that a place is at risk of flooding unless it’s situated near a body of water like a lake or a river, but sadly, that’s not exactly the case. You can be miles away from a body of water and still get flooded, and believe me, you don’t want your new place getting drenched because that will only mean one thing: more expenses! Expenses that would be really challenging to make up for if the property proves hard to resell – because of the same problem you want to get away from!
Finally, termites. The usual pests like cockroaches aren’t really a big deal that can keep you from signing that contract…but termites? Now that is an entirely different issue. First, termite inspections already cost a couple of hundred bucks and that is just the beginning of this creepy crawler nightmare. You need to get them exterminated too which could cost ten times the inspection rate. That, or get eaten out of your new bachelor’s pad. Way to go bro.
Of course, these three are not the only important factors that could determine the extent of your extra expenses when moving in to a new place, but with careful research, I bet you’ll land in the house you want at the right price. Good luck!