When viewing a potential home, how much consideration should you give to the surrounding land?
In many ways, the land should be carefully regarded, since land is the thing that is hardest to alter. You can rip up carpet, paint walls and even knock down walls, but it takes a lot more effort to change land.
Mature Landscaping
Mature landscaping is typically cited as a benefit, but what if you’re the type who enjoys looking out at wide open spaces? It could also be that the mature landscaping – older trees – are situated dangerously near the house.
Weakened trees could lose heavy branches in storms and cause damage your roof. Mature trees also have vast root systems that can damage or destroy septic lines.
Downward Slope
It’s charming to stand at the top of the street and look down upon your future home. In the winter, your kids could have a front yard sledding hill. But if torrential rains come, your valley home will likely be prone to flooding. Even if you’re not in a designated flood zone, you should probably carry flood insurance in a case like this.
Upward Slope
Everyone envies the owner who lives atop the hill. Your home will look impressive to anyone passing by. But bear in mind that the lawn mowing will be especially tricky because you’ll be navigating that steep slant in your landscaping.
Rocky Lawn
If you’re looking forward to starting your own home garden, pay attention to the quality of the soil surrounding your home. If it’s overly rocky, you’ll likely need to have raised beds or potted plants for your garden to thrive. Also, consider if the land around the home is very shady. If it is, you may need to remove some trees in order to capture enough sunlight for your plants.
Poor Quality Lawn
If the lawn isn’t lush green and instead it’s kind of a mottled greenish-brown, just realize that you’ll need to invest time and money to bring it back into good condition. A land treatment company can help you with this, but it will take some time before you see results.
The nature of the land around a potential home is important. But there are always steps you can take to resolve land issues. While it’s important to note the condition of the land, don’t let it stop you from making and offer on a truly awesome new home.
If you are in the market for a new home or interested in refinancing you current property, be sure to contact your trusted home mortgage professional.
Last week’s economic releases included readings on consumer credit, job openings and weekly reports on mortgage rates and first-time jobless claims.
Bargains in real estate may come from identifying motivated sellers who are willing to let a property go for less than it is really worth. Real estate investors who acquire properties at a discount from current market value enhance their success by increasing their profit potential. Real estate agents who list properties owned by motivated sellers increase their chances to sell a property quickly and have happy sellers who might refer them in the future.