Editorial

Front Page - Friday, December 17, 2010

Real Estate Facts

Deal or no deal

Elwynn Schwartz

As it always has been, in any kind of market or economy, buyers will find the best deals while looking at homes that are less than perfect. While stretching your home-buying dollar is Priority Number One, keep the following features in mind when determining a home’s potential.
While you’ve heard it a million times, I would be remiss not to mention “location, location, location.” Just remember that you get the best deal buying the worst property in a fantastic neighborhood, instead of buying the best home in a less desirable community.
Also pay attention to the age of the home. If you’re looking at something over 50 years old, don’t be surprised by issues with outdated wiring and plumbing, or problems with the roof or foundation.
As far as a home’s basic design goes, look for three things: a livable floor plan, plenty of natural light, and ample storage space. If you’ve got to move walls, you’re going to have to invest a huge amount in renovation. And you can never have enough closet and storage space in a home. Adding on storage is never cheap, so seek out homes with plenty already built in.
Begin by consulting your agent and creating a checklist of all the features you’d most like to have, but always be prepared to compromise when the right deal comes along.
Elwynn Schwartz is the owner of Chattanooga Real Estate Consultants and may be reached at 423-894-3050.

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