Choosing To Buy A Home That's Move In Ready
When you're looking to purchase real estate, one of the frequently used phrases you'll see is move-in ready. Use the strategy below for determining how you should approach a move-in ready house purchase.
Move-in ready usually refers to no incomplete projects or updates, or drastic work required before your family can move into a home and also is reflected in a price that incorporates the idea that you won't have to lay out a lot of money to make your new home livable. When you look at a move-in ready home, it's likely that you will have less room to bargain for a cheaper price based on the need for new carpeting or paint because the seller has already indicated that they believe that the home is move-in ready.
You should always consider your own nature regarding how you approach home improvements before considering the purchase of any home and if you are reluctant to undertake the time, money and even uncertainty of dealing with contractors to rip out a kitchen or update a bathroom, you should look for a home that is move-in ready in terms of those projects.
If you like the idea of working on your own home and gradually replacing floors, windows, or even entire rooms, you should make sure that your current lifestyle has room for you to incorporate the task of working on your new home.
Even if you like the idea of doing work on your own home, if your job is very demanding, or you've recently become a parent, it is likely an unwise choice to purchase a home that is not move-in ready.
If a move-in ready home features recent updates that you hate such as trendy fixtures that you don't like now and that you believe will be out of style within five years, you should consider looking at other move-in ready homes because recent updates are likely to be reflected in a higher purchase price than you'd pay for a move-in ready home that is less recently updated.
If you are making an offer on a move-in ready house that is not move-in ready based on an inspection report that reveals issues such as electrical or plumbing problems, you should determine when and how the owner will make the house move-in ready before signing a contract to purchase the home.
Make certain that your contract spells out the special features that make a particular piece of real estate as move-in ready so that you're protected against a homeowner replacing or removing a particular feature or fixture that you believed was included as part of the move-in ready status of the home.
For instance, if you like the fact that a home comes with certain lighting fixtures, make sure those are listed and described in your contract as property that stays with the home.
When you're looking to purchase real estate, you'll likely consider property that is described as 'move-in ready.' Use the suggestions above for determining what move-in ready means for a particular piece of property in order to better determine whether you want to look at properties advertised as move-in ready or not.
