Class 1 Exam > Class 1 Notes > General Knowledge for Class 1 > Printable Worksheet: House Hunting
Printable Worksheet: House Hunting | General Knowledge for Class 1 PDF Download
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FAQs on Printable Worksheet: House Hunting - General Knowledge for Class 1
| 1. What should I consider when setting a budget for buying a house? |  |
Ans. When setting a budget for buying a house, consider your income, current expenses, savings, and any debts you may have. Factor in additional costs such as property taxes, homeowner's insurance, maintenance, and potential renovation costs. It's also important to get pre-approved for a mortgage to understand how much you can borrow.
| 2. How do I choose the right location for my new home? | |
Ans. Choosing the right location involves assessing factors such as proximity to work, schools, public transportation, and amenities like grocery stores and parks. Research the neighborhood's safety, property values, and community vibe. Visiting the area at different times of the day can also help you gauge its livability.
| 3. What are the most important features to look for in a house? | |
Ans. Important features to consider include the number of bedrooms and bathrooms, layout and flow of the space, storage options, and the condition of major systems like plumbing and electrical. Additionally, consider outdoor space, energy efficiency, and any potential for future renovations or expansions.
| 4. How can I make a competitive offer on a house? | |
Ans. To make a competitive offer, research recent sales in the area to understand market value. Consider including an escalation clause, offering a larger earnest money deposit, or being flexible on the closing date. A personal letter to the seller expressing why you love their home can also make your offer stand out.
| 5. What should I expect during the home inspection process? | |
Ans. During the home inspection, a qualified inspector will evaluate the property's condition, including structural integrity, systems, and potential safety issues. Expect the process to take a few hours, and be prepared to receive a detailed report afterward. This can help you negotiate repairs or reconsider your offer based on findings.
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The content of Printable Worksheet: House Hunting is prepared as per the latest Class 1 syllabus.
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