Call us: Office: 205-304-1324 Cell: 205-296-1993 Register

Benefits of Home Ownership

What are the Benefits of Home Ownership?

Credit:

Owning a home helps you establish financial credibility.

Independence:

Owning your own home provides you with independence and more privacy than renting. You are free to paint walls, plant flowers, keep pets and anything else within legal bounds.

Investment:

As you make more payments and own more of your home, you add to its investment value. Most improvements you make will also add to its value.

Pride:

A home reflects its owner’s values and lifestyle. Owning a home can provide you with a source of pride, enjoyment and satisfaction.


Find The Right Home

Real Estate Agents

You can sit down with a real estate agent and discuss your needs, type of area, style of home, amenities and everything you really want in your next home. Real estate agents can help you by accessing a Listing Service which covers all properties listed for sale within a specific area. Together, you can select the homes you would like to see, set appointments and preview homes in a short period of time. An agent can guide you through the entire process.

Newspaper Ads/Internet

Many people go through the real estate classified section or browse the Internet to find a home that appeals to them. However, your real estate agent will have many listings available that may not appear in the newspaper or Internet on a continuous basis. New listings come on the market daily.

Multiple Listing Service

Your real estate agent should have access to the multiple listing service if it is available in your area. It usually includes the following details about homes and properties for sale:

  • Location
  • Price
  • Photograph
  • Utilities
  • Amenities
  • Annual property tax
  • Current financing (when assumable)
  • Listing company

Home Shopping Tips

Check For Properly Working Appliances/Fixtures:
Bathroom

  • Sinks
  • Showers/tubs
  • Toilets
  • Vent fan
  • Heating fan

Appliances

  • Dishwasher
  • Stove
  • Oven
  • Ice maker
  • Garbage disposal
  • Range hood
  • Refrigerator
  • Freezer
  • Microwave
  • Trash compactor
Kitchen

  • Kitchen cabinet doors
  • Drawers
  • Sinks

General

  • Lights (interior & exterior)
  • Windows
  • Heating system
  • Ceiling fans
  • Hot water system
  • Air conditioning system
  • Electrical outlets
  • Door bells
  • Doors
  • Water purifier
  • Fireplace damper
  • Garage door
Ensure House Is Well-Built & Systems Are In Working Condition:
Exterior

  • Brick bulging or cracking
  • Shingles missing or broken
  • Siding rotted or missing
  • Gutters damaged or need to be cleaned
  • Concrete cracked in sidewalks/driveway

Basement

  • Water seepage in basement
  • Cracks in foundation
  • Poor ventilation
Interior

  • Sub-flooring damaged or loose
  • Cracked walls or ceiling
  • Cracked tiles
  • Loose plaster
  • Flooring damaged
  • Soft, springy floors
  • Water stains near windows
  • Water stains on ceiling below bathroom
  • Water stains in attic
  • Pipe insulation missing

Home Inspections

What is an inspection?
There are numerous types of inspections. An inspection is meant to evaluate, at minimum, the structural and mechanical condition of a property. It is not the same as an appraisal which evaluates the market value of a property. Persons involved in real estate transactions need unbiased information about the physical condition of property they plan to buy or sell and your contract should include a contingency that you obtain a satisfactory inspection report. Talk with your agent about the types of inspections available.

Home Inspectors vs. Engineers
Home Inspector: A person who examines any component of a building, through visual means and through normal user controls, without the use of mathematical sciences.

Engineering: Analysis or design work requiring extensive preparation and experience in the use of mathematics, physics, chemistry and the engineering sciences.

Finding a qualified Inspector

  • Referrals from satisfied customers
  • Referral from a local real estate agent or mortgage company
  • Local consumer affairs office
  • Yellow Pages under “Building Inspection Services”

Ask if she/he is a member of the American Society of Home Inspectors (ASHI). The ASHI has established standards of practice which include the specific services, limitations and exclusions that can be expected from private home inspectors.