Location, Location, Location!

Important Factors to Consider

When looking to buy a home, there are many things to consider. One important factor to consider is the area in which you are buying.

•How close is my new home to where I work?

Proximity to one's place of employment is a significant factor in buying a home. The distance to and from work may affect your everyday life at your new place of residence.

Freeway accessibility is another important factor to consider.

•What is the parking situation like?

Parking is another important consideration when buying a home.

Parking needs to be accessible. If you buy a home in a densely populated area, parking challenges may be something you will need to deal with on a daily basis.

•What are the demographics in my new city?

It's a good idea to take a look at the demographics of the neighborhood and city you are going to be living in. Appreciation and property value are sometimes very dependent upon the upkeep and professionalism of the community. Do some research; find out what the average family income is for the area. What is the community’s unemployment rate and poverty level? What is the community’s crime and safety statistics?

Don't be afraid to scope out your new neighbors. How they treat their property can directly affect your property value. Can you handle living next to the type of neighbor that lives on your new street?

•Are there children in your new household/or in your future?

Visiting local schools is important. If you have children or will have children in the future, make sure your new community is family oriented. In addition, check out the local parks and daycare centers.

•What are the recreation choices in my new city?

Don't overlook enjoying your new area in your playtime. What recreational activities are provided in the area? Take a look at literature the community provides. Does this work with your lifestyle?

•Trade Offs

Many communities have unique features that make them different from others. One community may offer a feature that may be desirable to you; however the other features it offers may not be desirable. Make a list of pros and cons when choosing an area to live. Weigh the pros and cons of each area carefully, before making your decision.