The Upstate SC

VOL12ISS2 2016

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VOLUME 10—ISSUE 1 65 THE ORIGINAL RELOCATION GUIDE — UPSTATE SC | VOLUME 12 — ISSUE 2 BUYING OR BUILDING A HOME affiliated with the builder. Ideally, you should have one inspection after the home has been constructed (or remodeled) but before all the finishes have been put in, when some problems are more easily identified, and another inspection just before your loan closes and you take possession. One final bit of advice: you control the timeframe. Try to have a contract that includes a construction time duration. Avoid open-ended deadlines. If you are still out of state at the time of construction, you'll want to make sure your builder keeps you up to date with the progress. Ask the builder for progress photos on a regular basis and pre-determine someone who will be your main point of contact throughout the process. In addition, to save both money and time, maintain good communication with your builder and make sure you are happy with the design, specifications, materials and cost before the build begins. The advantages of buying an existing home are convenience and, believe it or not, cost. Once you are pre-approved by your lender, you're in control. You can shop around, pick out a home and make an offer. Keep in mind the process involves numerous steps – such as financing, viewing homes, making offers, home inspections and closing but if you're fortunate and have a really qualified realtor, he/she can simplify the process by helping you find appropriate properties for you and your family, guide you through negotiations, and then assist you with the paperwork. Once your offer is accepted, you may be able to close within a month or so and be ready to move in! This quick turnaround in time may be the deciding factor especially if your move is fueled by a tight schedule, due to relocating for a new job or having kids starting at a new school. One final bit of information to mull over regarding costs: in the excitement or urgency to get settled don't forget about expenses like property taxes, homeowners association fees, and an age-old adage that normally applies to businesses – location, location, location. Think about your commute not only to work but to schools, to shopping locations, medical facilities, etc. Location will also increase or decrease your property's resale value depending on the growth direction of the city or town. Whether you build new, buy a 'fixer-upper' and remodel, or buy a 'family-ready' home, always keep in mind a home is usually the single largest investment that we make in life. Always be informed and consider all the options before you invest in your next home. [] ²  Dream Homes ²  Mountain Views ²  Building Sites Carol Sherman A realtor living in Cherokee Valley 864 - 884 - 4001 Liveincherokeevalley.com G o l f C o m m u n i t y i n T r a v e l e r s R e s t , S C 304 Cherokee Valley Way, Travelers Rest, SC

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