Randall's House Buying Research Plan

Requirements:
* Garage
* Centrall located
* <20 minute commute for Koel
* Pull any and all construction permits in that area or on the house. Avoid any and all sinkhole repair.
* Research utility costs
* Any repairs / rennovations require 3 separate estimates from different contractors.
* look at molding
* look at air conditioners / heaters
* research original builder, look for lawsuits
* research zoning laws
* research fema zones
* figure out insurance requirements based on 2 above
* aim for one story so mana can get around easily
* one story is also easier to repair and maintain
* which way do the windows face?
    * western facing windows get warm in the afternoon
    * easy facing windows will be dark sooner
    * aim for facing south/north for even exposure
* Ignore furnishings, wall color, trim all of that can be changed
* Pay attention to the floor plan. No cramped doorways. How does the kitchen attach to the rest of the house?
* Create a geo-map of noise and light sources - do those interfered with living?
* Don't fall in love with a house
* look beyond decor, imagine functionality
* don't get the best house in the neighborhood because other houses will pull down it's value
* have written exit strategy for relationship breakdown
* avoid lead-bearing paints
* consider outlet locations
* stay near shopping (walking distance preferably)
* are similar properties in the area cashflow positive as rentals?






Buying Plan:
* Contract is contingent on independent home inspector.
* No adjustable rate mortgage. Fixed rate only.
* Never be afraid to walk away, this affects the next 10 years of your life.
* Have insurance and property taxes put into escrow and paid through mortage payment
* Have bank show large positive balance at least 2 months prior to mortgage qualification
* Use 401k money for down payment
* No more than 6-7k per month
* play banks off of each other to negotiate loan