Ah, that excitement of buying a home only comes around once or twice in a lifetime. Three times if we are lucky. Everyone who has ever bought a property knows that besides that excitement, there are also a lot of things to be taken into consideration. Unfortunately, they are easily overlooked and can lead to horrific financial consequences. Therefore, we here at U.Santini Moving & Storage have decided to help you out in your time of need. Our Brooklyn real estate analysis will give you a better insight into what you need to do prior to paying a deposit on a property. Pay attention!
Your Brooklyn real estate analysis begins after making a decision
Everything starts with a decision to do something, in this case, to buy a property. We are sure you already know that you should not be taking something such as buying a real estate lightly. This is by far the most expensive purchase you will make in your life. Therefore, before making a final decision, you need to be sure you have thought about the following things:
- Will I be moving soon?
- Is buying a better choice for me than renting?
- Am I emotionally ready to become a homeowner?
- And, will I be able to financially support my Brooklyn real estate analysis and everything that comes with it?
If at the end of the day you are sure that moving to Brooklyn and buying a house is the right thing for you, stay with us. We are about to tell you how to perform your own analysis of the Brooklyn real estate market.
Decide on the location
Yes, we already know that you are moving to Brooklyn, but Brooklyn is a big borough. Five times bigger than Manhattan to be precise. This means that there are a lot of different places for life in Brooklyn. From brownstone blocks to hip and fancy places throughout Williamsburg and Dumbo, Brooklyn has it all.
Therefore, to be able to perform a real estate analysis on a couple of houses, you first need to decide where you want to look for them. Naturally, the median house prices will vary around different neighborhoods. It is a good idea to get familiar with what you can afford first. There is no point in getting your hopes up and falling in love with a house if you cannot afford it.
An apartment or a house?
Another decision to make before being able to perform an analysis is deciding whether to buy an apartment or a house. There are a lot of pros and cons to buying both a house and an apartment. Only you can decide which one is the right choice for you. Of course, a lot depends on your financial state of affairs. Also, your family is another thing to take into consideration when buying a property in Brooklyn. It is a fact that large families function better in bigger houses. Moving with family is much different than moving alone. The important thing is to choose one option and stick with it. You will waste a lot of time by being indecisive.
Shortlist a couple of options
After deciding on the location and on the type of the property, the time has come to choose a few favorites. It is always good to have a couple of options. However, too many options are a recipe for disaster. Whether you are working with a real estate agent, or by yourself, you can easily find properties for sale in Brooklyn. Just search the Internet and you will find more than enough sites that contain all of the information about the real estate market at that moment. After deciding which properties you are interested in, it is high time to visit open houses. A Brooklyn real estate analysis can only be performed when going through the house in person.
Visit open houses and perform a real estate analysis
An open house is the deciding moment of your property purchase. By seeing the house, you will know whether you feel right at home or not. It is important to visit a property more than once. Moreover, it is advisable to visit once during the work week, and once on the weekend. It will give you a chance to see the neighborhood realistically. After all, the neighborhood is an important factor in your Brooklyn real estate analysis.
Finally, when visiting a house, there are certain things you need to do. Here they are:
- Check whether there is enough storage space in the closet.
- Pay attention to the curb appeal of the property.
- Check whether the roof and flooring need fixing, as these are expensive renovations.
- Ask about the latest improvements and renovations done to the property.
- Find out what the monthly utilities are.
Also, don`t be ashamed to ask questions. There are no wrong questions when it comes to buying a real estate.
Hire a reputable moving company
After you have done your analysis of the real estate market in Brooklyn and have chosen a house for you, it is time to move in. Luckily, there are a lot of movers NYC-based, so we do not see you having trouble finding the right ones for your needs. And while every borough has their own specialized movers, we consider our local moving specialists Brooklyn to be among the very best! You can trust them to take good care of your precious belongings.
That would be our short guide on how to perform your very own Brooklyn real estate analysis. Besides the tips we gave you so far, we would just like to add one more thing. Try to relax and enjoy every step of your real estate purchase, as this is a once in a lifetime event!