If you plan to move into a home based in a historic society, and think that taking a refurbishment service can do wonders to it, then it is recommended that you first check abut a few things in and around the residential property.
1. The Amenities
This is a very important part of our lives. Before you plan to move into a refurbished house, you must check whether the amenities are available readily or not. This may include schools, markets, medical stores, parks, community centres, etc. All these come in handy when you move into a new place and need to continue your life and routine without too many changes or obstacles.
2. Neighbourhood
The neighbourhood of a place can tell you a lot about it, both verbally and by the overall looks of the locality. You can have a look if other houses are well maintained or not, and what kind of maintenance do they have to pay to keep their homes in good condition.
3. Laws regarding refurbishments
Particularly in case of historic societies, some properties may be required to stay as it is without too many changes to retain the originality, as per the law. For instance, clauses like “homes to be preserved as it is” or “newly built homes to be designed as per the old styled homes, so as not to hamper the integrity of the existent historic structures” can prove quite disappointing if you plan for refurbishment.
4. Plumbing and electrical systems
If the homes are too old, then the plumbing and electrical systems too could be outdated. So it is important to check if they are in proper condition or not. Electrical systems should also be check with respect to the modern gadgets used like TV, Cable, Microwave, Heater, etc.
5. Safety and Security
You wouldn’t want to stay in a place with a high rate o theft, vandalism, crime, etc. Know the safety and security measures in the society.
6. Re-saleability
If you are buying a house in such a society, check how easy, quick and profitable are a resale of such a house, in case need be. You wouldn’t want to get stuck in a situation where you are not being able to resell your home.
7. Earning capacity of residents
It is good to know if the neighbours fall under the same tax brackets as you. This will help in cases when you have to vote for a particular amenity out of many choices. People under the same tax bracket may have common preferences, thereby making the procedure easy and fruitful for you.
8. Community’s’ property value matters
Some historic societal organizations together discuss and decide about the businesses that should be brought into a neighbourhood. Their decision can impact the value of your property as well. For example, a Super Wal-Mart in your neighbourhood can bring a lot of jobs, convenience and related businesses, but on the other hand, it can also close down the local businesses and attract a huge number of people and traffic in the area.
9. Rental Value
You must know the rental value or the asking price in case you are unable to sell it and have to put it on rent.
10. Check for upcoming construction projects
Any construction projects in the pipeline can add value to your property. For instance, a mall, a bridge, new roads, etc. can immensely enhance your property’s value.
Henry is a professional blogger who likes writing about real estate topics. He likes to invest in residential properties and therefore possesses practical insight about the industry.
