Worthy But Neglected Points To Consider When Buying A Home

By
Real Estate Broker/Owner with Bayou Properties

                         

 This little gem was my first home. One look at the pretty brick and fancy fireplace was enough to make the wife and I write an offer on the spot! Like most first timers we bought on emotional attachment instead of measurable criteria. Luckily our agent (Jerry Seagle with Remax in Baton Rouge) had done his homework on this one. Here are some criteria that EVERY buyer or their Realtor should consider before writing an offer.

1) School Zoning-- Many times a young couple will purchase without considering the school zone. Why? Because they do not have any children! The time to consider the resale value of your home is when you purchase it! You would be surprised at the number of people who call my office and ask to see homes zoned for "ABC Elementary". If your home is not zoned for that hot school it will get fewer showings.

2) Flood Zone Classification--This is a Scarlet Letter for most buyers. Want to deflate buyer enthusiasm over your home? Let people find out that the home is in a flood zone that requires insurance. Such a policy adds to a homeowner's monthly payment, sometimes substantially.

3) City Limits-- Homes located within the city limits will be charged a city tax. In addition, anytime you buy a car the tax rate will typically be more than someone who resides outside the city limits. Knowing this why would anyone want to live in the city limits? City services (trash collection being the main one) is typically more reliable.

4) Growth Trends--Our little first time home was located in a sleepy outskirt of Baton Rouge in 2001. But 3740 Soledad Ave was right in the path of city growth. Living there today would be completely different.

 Most buyers spend a great deal of time examining a home's features. But these "worthy but neglected" criteria should not be ignored. Want a Realtor who will do this for you? Contact Doug Rogers with Century 21 Millennium today!

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Searching for a Top real estate agent in Alexandria Louisiana? Need help selling your Pineville, Louisiana home? Either way call Doug today!

Doug Rogers

Broker/Owner

Bayou Properties Realty LLC

 

Bayou Properties Realty LLC

301 Jackson Street, Suite 201

Alexandria La 71301

(318) 613-1994

 Equal opportunity housing. Doug Rogers is a licensed real estate broker in Louisiana

 

 

 

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Rainmaker
722,887
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning Doug

Thanks for the post and excellent points. Have a great day.

Sep 28, 2010 04:42 AM #1
Rainmaker
694,006
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

A knowledgable agent will inform clients of anything local that may affect their re-sale value. Proposed school closures and casinos are hot items. Great talking points, Doug.

Sep 28, 2010 04:49 AM #2
Rainmaker
200,739
Sam DeBord
SeattleHome.com -Coldwell Banker Danforth - Seattle, WA
Seattle Real Estate Broker

Doug, I'm glad that you pointed out schools first.  First time buyers are notorious for ignoring this, but it's a top-two factor for 30+ buyers.

Sep 28, 2010 04:56 AM #3
Rainmaker
306,430
Chris Canfield
Coldwell Banker Residential Brokerage - Tucson, AZ
Homes for Sale in Oro Valley and Tucson, Arizona

Doug, this is a fantastic list for first time homebuyers to consider.  It is funny how many young couples without children don't give a thought to schools (even when it is suggested to them), and then three years later they call saying they need to move to a better school district before their child needs to start school.  My wife and I were odd when it came to this--we always wanted to best school district even when we knew we wouldn't be there when our children reached school age--we understood resale very early on! (Maybe too much so.)

Sep 28, 2010 06:37 AM #4
Ambassador
780,607
Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

Thanks for the comments guys! Many 1st time buyers feel like this will be their "forever home". The statistics would beg to differ.

Sep 28, 2010 09:03 AM #5
Rainer
258,250
Charles Edwards Bentonville
Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR
AR REALTOR, Bentonville Real Estate Agent and Broker

Great advice from a seasoned pro. Every first time buyer should be choosing their agent carefully.

Sep 28, 2010 02:06 PM #6
Rainmaker
140,138
Troy Jowers
Pogo Realty, LLC - New Orleans, LA
New Orleans Realtor

Great list and as always, a great post, Doug. Of course down here, just about everyone has to buy flood insurance, but that's another story, isn't it?  :)

Sep 29, 2010 05:57 AM #7
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