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Houston Real Estate Market: What to Consider When Buying a House?

October 26, 2020
By Wale Lawal

The decision to buy a home is imperative, so before we buy a Houston house, we must analyze different aspects and long-term consequences of investing in a property. For this, we tell you what you should take into account what things you should check and search-related to Houston real estate market.

Before we buy a house in Houston, we always define our family’s needs and the budget plan to allocate to say investment.

Houston Real Estate Market: Key Points 

Among the aspects that you must review are:

  • Overall area
  • Type of home
  • Number of rooms and/or bathrooms, and
  • ​Area in square meters built and private

In addition, location is an important point so make sure not to overlook it. Go for a property close to your workplace, as it will provide ease of traveling. Also, consider the educational offer in the area and value that it is appropriate for your children. Finally, check the mobility around the city.

Where To Look For A House To Buy?

In the Networth Builders portal, you have the opportunity to see the wide range of housing projects available in the Houston real estate market. The service is free of charge. Use filters so that your search is faster and according to your needs. Also, you can see brand new and used properties.

Do Not Rush

According to experts, in Houston, a family takes between two and four months from when they start looking for a house until they find the right one, so don’t worry.

Mistakes To Avoid When Buying

A bad decision can have consequences and more when it comes to investing in housing. If you do not save, you are making a serious mistake because not having an accumulated capital will make the purchase very difficult since financial entities only lend up to 90% of the home’s value. 

Remember that you can finance the purchase of your house with credit. The best system is the one that best suits your ability to pay and the way your income varies. 

Tips: If We Buy A House In Houston

For you who are looking for a used or new house, the following tips can help you make the best decision:

  • Start by analyzing your purchasing power. Know how much money you have to buy it, including the credit or other financial institution could grant you.
  • Now look for the options that adapt to your purchasing power and meet your requirements, such as location, house type (single-family, duplex, or multi-family, with or without a garden and parking), etc.
  • Contact the sellers of the house you are interested in! Be sure to visit all the options that caught your attention and, for no reason, make the purchase decision based on a mockup or brochure.
  • ​Talk to the seller and ask many questions. Ask about the house’s construction, the type of finishes on the floors and walls, the additional furniture that they could offer, such as a fitted kitchen or closet, if the house has fixed parking or a stationary gas tank.
  • ​Be very clear about the total price with the features they offer, the payment conditions, the delivery time, and the exact location within the housing complex and/or the building.
  • ​Make comparisons. Analyze the benefits and drawbacks of each option, such as one that is closer but is more expensive, is cheaper but smaller, and also is further away from your work, school, markets, hospitals, or any other service than required.f
  • ​Also, consider that if on the street where the house you are interested in is houses given for other purposes, then the value of the house will decrease.

About Wale Lawal

Project Controller with background in Chemical Engineering. Wale is a Real Estate Investor and Solutionist in Texas. He love to solve Homeowners Real Estate problems and help them out of their unwanted situation while maintaining a win-win attitude. Feel free to reach out at (832) 776-9582 Email: Waleelite@yahoo.com
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