Buying Smart: The Location of the Home You Buy is Important

Location, location, location! We have all heard it said, but all too often buyers are more interested in bright, shiny decorating. If you are in the buying mode right now or contemplating a purchase, there are several things to take into account.

Depending on what part of the country you are in, you may have more or fewer options with respect to homes for sale. If inventory is very low where you want to purchase, you are looking in a hot area and may have to jump when anything comes on the market.

Since a house cannot be moved (unless you buy a ‘tiny house’), the location of the home you choose is an important part of the equation for your needs now and also when it comes time to sell in the future.

Here are 4 things to keep in mind when purchasing a home:

Location

This includes a few things:

  1. The town/city
  2. The neighborhood
  3. The position of the home in the neighborhood or on the street

Is the home on a busy or quiet street? What is behind or next to the home? Power lines, ponds and streams, and vacant lots are all considerations. What are some statistics of the town/city? Schools, crime, shopping and other amenities should be reviewed.

Condition

The condition of the home goes beyond paint colors and flooring.

  1. When was the roof replaced?
  2. How old are the mechanicals (furnace, A/C, water heater)?
  3. Is the basement free of water issues?

These elements of home ownership are more expensive than paint and carpet and can turn a bargain house into a money pit in no time.

Commute

How far is the house from where you work? If it is everything you’ve ever dreamed of but you will spend 3 hours a day traveling in traffic, does it really make sense? Again, we go back to location. This can turn a dream into a nightmare if you don’t think through it. At the very least, make the drive during rush hour to see what it is like. Also look into other options like public transportation, if that is available where you want to purchase.

Schools

Whether or not you have children, schools matter. Do the research and decide if the schools in the area are going to work in your favor or against you when it comes time to enroll a child in school or sell the home.

No one stays in a home forever. Thinking about your end game can be the smartest decision you make when looking for your new home.

Are you looking for the perfect home in a great location? Contact Presto Real Estate Services at (630) 336-1820 or email info@prestorealestate.com today. We know where to find your perfect home in a perfect area!

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