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Old 02-07-2013, 08:27 PM
 
11 posts, read 20,771 times
Reputation: 17

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We are couple in 30's and buying our first home, town-home...what things we need to look out for, that we should check before we buy, in particular about the house, surroundings, amenities, resale value etc.

We found a nice town-home but is about 50 yards from a busy road, and few blocks from shopping area.

I can hear the traffic when I'm out, but not from inside the townhouse, but community is nice..and quiet, well maintained.

PS: this is in Ballantyne area.
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Old 02-07-2013, 08:38 PM
 
Location: Union County, NC
1,891 posts, read 5,547,061 times
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Those are all questions you should ask your real estate agent. They will be able to pull comps in the neighborhood comparing sale prices for those on the busy street vs. those that are not.
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Old 02-07-2013, 09:04 PM
 
8,402 posts, read 20,278,925 times
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Ask around about home inspectors. I used the one my realtor recommended and he was less than useless.
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Old 02-08-2013, 05:56 AM
 
Location: NC
6,032 posts, read 7,530,799 times
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I wouldn't buy a townhome.... I own one ugh...


Check out the HOA, is it well ran? Do they keep increasing dues?

Read the covenants. They could have co-insurance in them. What is covered in a roof leak situation? Who pays for the exterior building insurance?

What items of maintenance does the HOA handle?

All of these are important questions. Read the covenants.
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Old 02-11-2013, 06:22 AM
 
104 posts, read 272,217 times
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I would add to the other great suggestions.

Drive through the neighborhood during a sunny weekend afternoon or evening it will give you the true character of the neighborhood.

The noise you hear from the neighborhood will be the same noise that a potential buyer will hear when you decide to sell down the road. So if decide to buy take that into consideration when doing your pricing comparisons as the next buyer will expect a discount as well.

I re-iterate getting an inspection before closing and studying the HOA and covenants and make sure they are rules that you are very comfortable with. It always amazes me how someone purchases a home then show up to their first HOA meeting with a list of rules that they believe should be changed.

Search facebook for a HOA group of your potential neighborhood. My neighborhood has one and I learned a lot about the community from reading post.

Lastly enjoy this experience.
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Old 02-13-2013, 09:42 AM
 
Location: Charlotte, NC
1,969 posts, read 3,065,917 times
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Talk to the people who live there and ask them what it's like and if they have hassles with the HOA. When we were looking at the house we ended up buying, I drove over to the subdivision on a Saturday afternoon and walked around and if anyone was out introduced myself, explained that I was considering a house there and asked their input on what it was like living there.
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Old 02-15-2013, 02:51 AM
 
Location: Hong Kong
1,329 posts, read 868,671 times
Reputation: 217
Check the property out on Zillow.com

To see what their Value estimate is

Pay particular attention to the Price per SF, and see how that compares with recent sales in the same area
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Old 02-15-2013, 04:16 AM
 
7,105 posts, read 9,701,079 times
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Quote:
Originally Posted by Geologic View Post
Check the property out on Zillow.com

To see what their Value estimate is

Pay particular attention to the Price per SF, and see how that compares with recent sales in the same area
Have you ever put Zillow to a real life test? Like your own house or your neighbors? Try it some time for a barrel of laughs.
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Old 02-15-2013, 05:07 PM
 
Location: Southeast
345 posts, read 719,589 times
Reputation: 175
Quote:
Originally Posted by pink caddy View Post
Have you ever put Zillow to a real life test? Like your own house or your neighbors? Try it some time for a barrel of laughs.
Well pink caddy I just went to zillow.com and typed in my address but instead of laughing I wanted to cry because the values dropped so low
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Old 02-16-2013, 03:31 AM
 
3,914 posts, read 3,942,097 times
Reputation: 1272
Quote:
Originally Posted by Bindu09 View Post
.
We found a nice town-home but is about 50 yards from a busy road, and few blocks from shopping area.

I can hear the traffic when I'm out, but not from inside the townhouse, but community is nice..and quiet, well maintained.
Only you can judge whether the traffic noise is an issue for you or not. IMO, if it bothers you outside, then I would avoid it. You will be reminded of it every time you wish to do something outside or open a window. Roads are an uncorrectable defect that you will have to live with should you choose to purchase.
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