The Importance of Home's Exterior

When considering a home purchase, most every homebuyer pays most of his/her attention to the interior of the house. There is no doubt that the overall look of the inside of the new house is important, but a homebuyer should also investigate the exterior of his new home.

View

A homebuyer should remember that views may be beautiful but also seductive and very influential.  Before a buyer decides about buying the house, she/he should check whether the beautiful view today could become a view of the neighbor's bathroom in few years.  A buyer should find out about the local legal restrictions concerning new constructions in the area, the height to which homes can be built, and whether the existing houses are allowed to add second or third floors.

Landscape

Before buying a property a homebuyer should consider whether he/she will be able to change the landscape to suit his/her needs.  Many areas have strict regulations concerning the installation of such exterior improvements as hot tubs or decks.  In some cases it may not be allowed for a homebuyer to introduce any exterior changes at all.

Open land or an empty lot

Many homebuyers find houses that are next to open land especially attractive, imagining themselves walking a dog there or playing with their child.  However, one should bear in mind that open land may be intended for residential or commercial use.  Before buying a house, a homebuyer should investigate what the plans are for this area. If the property next to you is approved for commercial use, that may mean more traffic and more pollution to your living area.

Do you find the exterior of your house important?  Share your experience with us.

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Home Price Slump Helps to Spur Sales

Sales of existing homes posted the biggest jump in nearly three years in February, though sellers got the gains the way Detroit automakers spur sales - by cutting prices.

The National Association of Realtors said recently that home sales rose 3.9 percent last month to an annual rate of 6.7 million from a revised 6.4 million pace in January. It was the biggest percentage increase since March 2004.

Economists surveyed by Briefing.com had looked for a slowdown to a 6.3 million pace.  But even though sales rose from January, the pace was still down 3.6 percent from February 2006.

The report also showed the median price of a home sold in February fell 1.3 percent to $212,800 from a year earlier.  That was the seventh straight month that prices fell from a year earlier.  While home prices can swing widely from month to month, a drop in prices from a year earlier is relatively rare - and is sign of how weak the housing market has become.

There were 3.7 million homes for sale last month, up nearly 6 percent from the 3.5 million in January, and up by a quarter from a year earlier.  Many home buyers have an opportunity now that was only a dream a few years ago when the markets were all white hot.

Are you a potential home buyer wondering if now is the time to make your move?  Contact us, or leave us a comment below.

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