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Reversible Negatives
When Buying a House
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So it's time to buy a house. Whether
you're shopping on a budget or searching for your dream home no matter
what the cost, there are a few things you should keep in mind when you
go to view potential properties.
The bottom line is this: Every house has its drawbacks. The trick of
being a smart buyer is to know which of those drawbacks aren't so negative,
to use them to your advantage when it comes to negotiating price, and
then fix them later at little cost to yourself. Here are three negatives
you may encounter in the housing world- that you would be doing yourself
a favor to look beyond.
Paint colors. Honestly, if you're buying something as permanent as a
home, what difference does it make what color the walls are? This is
not a rental property where you're stuck with what you get; the house
is yours, and the walls are yours to do with as you please. I have actually
heard of buyers turning down a house because the burgundy walls made
it too dark. A twenty-dollar gallon of paint, or the cost of a painter
for a day if you'd rather not do the work, can recreate a room and rejuvenate
a house. The trick is to see the house for its possibilities, not its
current actualities. Turning down a house because you don't like the
color of the walls is almost as bad as a woman I heard once turn down
a house because she didn't like the doorknobs!
Appliances. Sure, it's a plus- a big one- if you get a house that comes
complete with up-to-date appliances, already installed. But this major
convenience comes with a price tag. The reason is simple: Nobody likes
lugging in and installing those things. You're paying to have them there,
not necessarily because they're good appliances. Buy some used ones,
have them delivered or borrow a truck, and save on cost. It's that simple.
Landscaping. This one might be a surprise, since a yard is a fairly
permanent thing. Potential buyers should certainly check out the property
and what lies adjacent to it. But don't be overly concerned if the previous
owners had dogs that tore up the grass. Planting grass is an easy project
that pays off over time and can increase the value of the property tremendously
as years go by.
If factors like those above are lacking from the house you're considering,
you should certainly use it as a bargaining tool in lowering your final
purchase price. A good seller will recognize that you will incur some
out-of-pocket expense to remedy these things, and they'll adjust the
price of the house accordingly. But turning down a property when the
fixes are this simple is more than just a foolish move on the buyer's
part. It's a lost chance to incur some valuable equity and possibly
get a great home for a much lower price.
About The Author:
Peter Dobler is a veteran in the IT business. His passion for experimenting
with new internet marketing strategies leads him to explore new niche
markets.
Read more about his experience with real estate; visit
http://real-estate.online-business-idea.com
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