Do some research. Research recent local news, talk to neighbors about the pros and cons of the area, and get a home inspection and detailed records on home improvements that previous owners have conducted. This will expose potential problems such as an unsafe or unfriendly neighborhood, the exposure of radon gas or lead paint, and what home projects will need to be addressed when.
Don't underestimate location. Visit the home at various times of the day to get a feel for natural light exposure and noise. Close to a school? That's not a big deal in the summer, but could be unfavorable during the rest of the year. Also consider your view: do your neighbors have respectable homes? Does the neighborhood have restrictions about what neighbors can build there? Houses that look like tear-downs may be replaced with larger homes that block your view and limit natural light. Finally, explore the surrounding area. Are you close to railroads or airports that may be too loud? Does your neighborhood back up to a less desirable part of town, or commercial area? Are you close to grocery stores, restaurants, schools, or other highly trafficked places? They say that real estate coms down to location, location, location!
Be conscious of expenses. Remodeling can be more complicated than it seems. While painting a wall is quick and inexpressive, adding bathrooms and other more complicated projects could get messy and pricy. Ask for utility bills so that you can consider these expenses when debating whether or not to buy a certain home. Also ask the seller for taxes, focusing on the amounts for several recent tax bills.
These are just a few things a buyer can do in order to make the best informed decision. Having a knowledgeable Realtor is an invaluable resource. Contact me to see what I can do for you.
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