Questions Before Purchasing Property Or Land

When purchasing a piece of property, there are so many things to consider. What are you looking for? Some are looking for a mountain-top piece of property with great views. Others are looking for something in the city limits for convenience. Then there are some that are looking for something in between. The options are endless, but you must decide where you and your family would feel most comfortable.

Once you decide WHERE you want to live, you should then consider some other questions:

1. How much acreage do you want to purchase? Some people want a simple building lot that consists of ½ acre to 1 ½ acres.Others want a mini private estate consisting of 3 to 5 acres. Then there are others that want a large parcel or 5 acres or more, and maybe as large as 20 acres. What are you looking for?

2. How much do you wish to spend on this piece of property or real estate? Depending on where you want to live, an acre of land can cost anywhere from $5,000 to $1,000,000 and up. Then there are larger parcels that could cost a lot less per acre if you buy the whole 20 or 30 acres.

3. What type of home do you want to build on this property? Restrictions can regulate what your neighborhood will become in the future. If there are restrictions, you can make sure that you home value will rise and that no homes will be built in your area to compromise that. A good question that our Realtors are ready to answer is "What are the restrictions on this piece of property?"

4. What will your home appraise for on this building lot? Some clients and lenders ask for a "Pre-Appraisal". A Pre-Appraisal is an estimation of what your new home built on this piece of property will be worth when it is completed. Some get a Pre-Appraisal and another Appraisal once the home is finished. When you get an Appraisal after the home is finished, it sometimes shows the value a little higher than the Pre-Appraisal because they are looking at a finished product and not just a concept. The Post-Appraisal being a little higher will also allow you to get a better mortgage rate.

This is simply a starter guide when looking for a piece of property. Some other questions to be considered:

1. Size of your property? Will the home you want fit on it?

2. How should the house sit on the property to allow for a garage and driveway?

3. How much grading and clearing will need to be done on the property?

4. Will you need to build or improve access to your home? Will the improvements/construction require a gravel or paved surface? How about drainage for the road?

5. What type of foundation do you want or what type of foundation is required? Whether you install a slab, crawlspace or full basement will determine the final cost for your home.

6. Does the area have access to a public water and a sewage system, or will a water well have to be drilled and septic system need to be installed?

7. Is there adequate space and drainage for the septic system needed for the size home you want to build?

8. How far away from your daily routine will your home be? Is it convenient to your job, family/friends, grocery store, gas station or church? Or will the distance matter to you at all?

9. Are utilities (electric, cable, gas) available in the area, or will you have to add these costs to your building budget?

10. Will your home increase in value over the years? Is this what you are anticipating?

11. How are taxes assessed and at what rate in the area you've chosen? Will your home raise in value as the taxes do? Is this a concern for you?

12. Has the property been approved for building by the local permitting office?

There are many bases to cover when dealing with Real Estate. Make sure you ask questions, negotiate, and feel completely sure about the deal before you make a purchase.

Author: Janet Marie http://www.AshevilleBuildingAndRealEstate.com

For Complete Asheville North Carolina Information, Guides, Search Engine, & More... please visit http://www.AskAsheville.com

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Real Estate - 7 Ways to Increase the Value of Your Property

Real estate values have plummeted over the last couple of years. The market has always been known to rise and fall; the last few cycles have just been more intense than others. There are still ways to increase the value of your property without breaking the bank. Here are seven value enhancers:

1) Spruce up the outside of your home with siding. Most home buyers are looking at houses through frugal and practical eyes. The high priced splashy details don't impress homebuyers as they did back when money was running freely. Brand new siding will add to the curb appeal and translate into low maintenance costs for the new buyer. Siding that provides additional insulation will be even more highly valued as it helps to lower utility bills.

2) Minor kitchen or bathroom remodels: You don't have to rip apart the all important bathroom and kitchen in order to be able to make a drastic improvement. Upgraded appliances, refinishing or painting cabinetry, replacing hardware with upgraded knobs and pulls will add a whole new fresh appearance to these rooms.

3) Backyard decks: Most homeowners' entertainment budgets are extremely tight right now. Yesteryears' cruises and expensive restaurant meals are being replaced with barbecues and potlucks in the backyard. The addition of a wooden deck, or one made from recycled plastic composite that looks strikingly like wood, adds usefulness and value to your home.

4) Additional bedroom in the attic: If there is ample space in your attic to turn into a bedroom, you'll be able to add the additional square footage of living space to your property value with very little cash outlay, especially compared to bumping out walls in order to add a room. With an attic, you already have a roof, walls and a floor; you simply need to tie it into the heating and cooling systems, hang some drywall, paint and add flooring, and you have a whole new bedroom.

5) Window replacement: If your household windows are single pane and in bad shape, replacing them will not only add aesthetic improvement to your abode, but the increased efficiency will add value to your property. Going green and keeping energy costs low has never been more popular.

6) Painting inside and out: A well maintained home is one that holds its value. Painting makes a house look more attractive and keeps the walls inside and outside of a home in good shape.

7) Garage door or front door: Both of these entries into your home can greatly enhance your curb appeal. A ratty, broken down door makes the whole place appear disheveled. An attractive doorway makes the whole place sparkle.

In Hendersonville real estate dealer can help you find a home of your choice. It guides you in buying, selling or relocating your home along with providing mortgage services. Know in detail about their offerings at http://www.preferredrealestatecenter.com

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