Trusted Real Estate Tips when buying a home in Fond du Lac County and Surrounding Areas
Choose an experienced real estate buyer’s agent
Many buyers make the mistake of choosing a real estate agent who is not familiar with comparing neighborhoods, especially in the Lake Winnebago, Wisconsin areas (Fond du Lac County, Winnebago County, Calumet County, etc.). Others do not understand the realtor’s role in the buying process. Only a buyer agency contract in Wisconsin will allow a real estate agent to fully represent a buyers interests when buying a home in Fond du Lac County and the surrounding areas. A seasoned buyer’s agent is also better at pricing and can help you negotiate an offer.
Study and compare Wisconsin lakes and area neighborhoods
It is critical to understand that location and neighborhood are important factors when determining market value of your home in Fond du Lac and surrounding area counties. Many buyers often compare a home’s interior decor not realizing the costs of updating are minimum in comparison to how location can affect the market value of a home.
Know what resale value means
Understanding what impacts a home’s long term value is crucial when buying a home. Neighboring home values, layout, room sizes, mechanics, yard size and cost of future updates all have a direct impact on the investment return when it comes time to sell.
Imagine a home with and without furniture
It’s easy to fall in love with the furniture in a home, but also important to imagine a home empty since it often has much less appeal without the furniture and artwork that isn’t sold with the house. It’s also important to envision how you will arrange and furnish your furniture. Odd floor plans can be difficult and the cost of new furniture is expensive.
Understand maintenance costs during home ownership
The ownership of a home can be one of life’s most cherished memories. Many buyers, however, make the mistake of falling in love with a home only to be later overwhelmed with the costs of large ticket items, utility bills, and additional maintenance costs during home ownership. Budgeting and the proper understanding of costs upfront can alleviate stress and reduce problems with paying bills later.
Get a Home Inspection
Including a home inspection contingency when purchasing an existing or new home helps avoid unexpected costs after the sale and may uncover undiscovered issues with a home that were missed during a showing or unknown to a seller. Inspections can also help you learn about the mechanics of a home and give you tips on how to properly maintain it.
Realize buying a Wisconsin home is a long term investment
Purchasing a home without a commitment to ownership for an extended period of time is a bad idea in real estate since it is a long term investment. A property needs to appreciate over time to help offset maintenance costs, updates and the costs to eventually sell it. Time should also help you gain equity as you reduce the amount owed on it if you obtained a mortgage when purchasing your home.
Our Klapperich real estate agents are experts in their field and know the Fond du Lac County and surrounding area neighborhoods. If you are ready to buy a home in Fond du Lac County, Winnebago County, Calumet County, Dodge County, Green Lake County, or Outagamie County contact one of our experienced real estate agents today.