For the most part, choosing which city/town you would like to live in is a relatively easy process to go through. When it’s all said and done, most people pretty much boil it down to: a) gut feeling, b) life opportunity, and/or c) family & friends. However, selecting the actual area inside of that city/town in which you should lay your head is a bit more taxing a decision making process. And, as it turns out, this is one of the biggest decisions you really should make BEFORE you begin your property search at all.
Looking aimlessly at houses all over the place (all haphazardly and whatnot!) is certainly the fastest way to stifle whatever excitement you might have originally had about embarking on this new adventure of yours. So, here are five of the best ways to ensure you are picking the right place. By taking these into consideration, you can eliminate a huge percentage of homes that wouldn’t well suit you even before you begin hitting the streets.
1 : AFFORDABILITY
What is your budget?
In the area that you think might best suit your overall needs and wants, what is the range of home prices?
And, are your expectations realistic?
If your budget is $450,000 and you want a 5 bed / 5 bath detached home…but the average 5 bed / 5 bath home in the area that you think you want to be in costs $750,000…then what we have here is a gap between your budget and the market. All this means, though, is that it’s time to reassess your living requirements -and- your financial constraints to see which of the two will need to flex (and in which direction they will need to do so).
2 : TAXES & ASSESSMENTS
Sometimes, just moving over to another county can have significant effect on your monthly tax bill. You should take some time to check into the property related taxes / assessments that you would theoretically have to pay for a comparable property in a different part of town. You may find that it saves you several hundred dollars a month, by simply moving one measly little mile up the road!
3 : COMMUTING
How close is it to where you will be working?
Getting to and from work in a space of time that will have a negligible effect your personal sanity on a daily basis is critical. While there are definitely transportation costs that can be cross-compared between individual properties…quality of life is one of those values that you just canNOT put a price tag on. Thus, it should as well hold significant weight in the decision on where you should live. It is definitely not something that should be taken lightly.
4 : PROXIMITY (to the rest of your life)
How close is the property to what you do every day?
How close is the property to your friends and family?
How close is the property to where you shop and eat?
How close is the property to where you like to be active (i.e. – gym, parks, running / biking trails, etc)?
Life is just SO much easier when you are close to all of those things that you engage on a regular basis.
5 : SCHOOLS
If you have kids, then you shouldn’t even have to ask why this is important. But, not everyone has kids, and naturally, some parents opt for private schools. Thus, it is important to note that no matter what your familial situation may be, this is still is a critical factor to consider when it comes to understanding the actual market value of your home. Obviously none of us have a crystal ball, yet studies have shown over and over again that homes historically appreciate at higher rates in areas with good public schools, versus those in areas that do not.
– – – > So saith The JD PALLAS REALTORS ®