What’s the first thing you should look for when you buy a house? Buying a house is one of the most significant investments you’ll ever make, and getting it right from the start is crucial. Whether you’re a first-time homebuyer or looking to upgrade your current home, understanding what to prioritize can make all the difference in your home-buying journey.
In this blog post, Colorado Springs real estate expert Barb Schlinker and the professionals at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will discuss the first thing you should look for when you buy a house.
Key Takeaways:
- Location and affordability form the foundation of a smart home purchase, especially in Colorado Springs’ varied neighborhoods.
- When considering location, you should aim to balance proximity to essential amenities and commute times with your lifestyle preferences.
- Understanding the total cost of homeownership beyond just the purchase price is crucial for long-term financial stability.
What’s The First Thing You Should Look For When You Buy a House?
In Colorado Springs’ unique real estate market, the first thing you should look for is location, followed closely by affordability. Colorado Springs real estate expert Barb Schlinker notes,
“The absolute first thing any homebuyer should consider is finding the sweet spot between location and what they can afford. You can change almost everything about a house, but you can’t change its location.”
Location and affordability work hand in hand in the Colorado Springs market. The city’s unique geography, with its stunning mountain views and varying elevations, creates distinct neighborhoods with different price points and characteristics.
When evaluating location, consider proximity to essential amenities, work commute, and school districts if applicable.
When it comes to the cost of buying a house, prices vary from neighborhood to neighborhood. Areas near military bases like Fort Carson or Peterson Air Force Base often maintain stable property values, while neighborhoods close to outdoor attractions like Garden of the Gods or Pikes Peak command premium prices for their scenic views.
Working with a professional realtor is the best way to balance your desired location with your budget.
What Else Should You Look For When You Buy a House? – 7 Factors
1. Neighborhood Quality and Safety
Beyond basic location considerations, researching neighborhood safety statistics and community characteristics is essential. Colorado Springs offers various communities, from historic Old Colorado City to newer developments in the Northeast, each with its own character and safety profile. Schlinker emphasizes,
“I always advise my clients to visit their potential neighborhood at different times of day to get a real feel for the area.”
2. School District Performance
Even if you don’t have children, good schools significantly impact property values. District 20 in Colorado Springs is highly rated, and homes within its boundaries often hold their value well. Consider both current and future resale value when evaluating homes in different school districts.
3. Property Elevation and Climate Considerations
The elevation of your potential home affects more than just the view. Higher elevations in Colorado Springs can mean increased heating costs and more challenging winter conditions. For example, consider the amount of sun exposure a neighborhood gets, as this can impact energy efficiency and winter road conditions.
4. Water Rights and Utilities
In Colorado Springs, water rights can be a crucial consideration. Understanding your property’s water rights and typical utility costs can prevent unexpected expenses. Some areas may have higher water costs or usage restrictions that could affect your budget.
5. Future Development Plans
Research local zoning laws and development plans that could affect your property value. Colorado Springs is growing rapidly, and new developments can significantly impact neighboring property values, either positively or negatively.
6. HOA and Property Restrictions
Many newer developments in Colorado Springs have Homeowners Associations. Understand any HOA fees, regulations, and restrictions before committing to a particular neighborhood. These fees can significantly impact your monthly expenses and ability to modify your property.
7. Natural Hazard Risks
Consider potential natural hazards specific to Colorado Springs, such as flood zones near creeks or areas prone to wildfires. Understanding these risks can help you make an informed decision and secure appropriate insurance coverage.
Barb Schlinker is the Best Realtor in Colorado Springs
If you’re looking for the best realtor in Colorado Springs, look no further than Barb Schlinker and our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team.
Throughout our 27-year-long career, our Colorado Springs real estate agency has developed a reputation for high-quality customer service. We also provide a stress-free experience thanks to our VIP Buyer Program. With this program, you get curated property hotlists, free home-buying resources, and our unique Buyer Satisfaction Guarantee.
To learn more about buying a house in Colorado Springs with our team, reach out to us today at 719-301-1802 or [javascript protected email address]. We can help you find the best Colorado Springs homes for sale today!
To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!
How do I determine if a house in Colorado Springs is within my budget?
To determine affordability in Colorado Springs, consider not just the purchase price but also property taxes, potential HOA fees, and maintenance costs. Factor in the higher utility costs that can come with larger homes or those at higher elevations. Additionally, consider the potential for appreciation in different areas of the city, as some neighborhoods are experiencing faster growth and value increases than others.
