Monday, December 11, 2017

“Location, Location, Location”: The Real Estate Mantra

When searching for a new home, the word “location” is always present. This seems to be what investors look for the most when buying a new property. If you’re planning to move to a new house in 2018, then you should pay careful attention to it, since location might determine your comfort and the value of your investment. 

This mantra didn’t come as an accident; there’s a reason why location is an essential factor in the real estate market. If you buy in a great location, then you will secure the future value of your investment, but a not-so-great location might make you lose money in the long run. Keep reading to find out what you should take into consideration when evaluating a property’s location.

The first things you have to evaluate are your needs and your family’s. If you have kids or you’re planning to, then that’s a game changer. If you have a family, the first thing you have to think about is the little ones in the house and their quality of life. The neighborhood and schools are important factors to take into account. You will want to live in a kids-friendly neighborhood, where they can socialize with other kids, feel free to play outside, and have lots of activities for them to grow around. But fun isn’t everything, you also have to think about their education. Before making your final decision, learn about the school district in order to guarantee a great education for your kids. 

Family or not, you should always search for safety, not only for them, but also for yourself.  Living in a safe neighborhood can save you a lot of headaches. You will have great sleep at night and you won’t have to worry about being alone on the streets. You can even reinforce that safety feeling by choosing a neighborhood that’s near to your family and friends. This way, if you have an emergency, you can easily call them and they will be there shortly. Also, this way you won’t have to travel for hours to see your loved ones, and you can visit them anytime. 

Another important decision when thinking about your next home’s location is choosing between the city, the suburbs, or the countryside. If you’re a very active person, living in the city might be your thing. However, if you enjoy peace and quiet, then this might not fit your needs. Think about the pace you want to take in your life, it varies between those three settings.        

Also, you have to think about your daily needs. Entertainment, medical needs, activities you enjoy, work, shopping: these are all important factors you need to take into consideration. Depending on your priorities, you might want a location closer to work, or one where you can go out at night and have fun. Look up what you will have near home, the time you would take to get from one place to another, and the things you won’t enjoy as easily if you buy that particular home in that particular neighborhood.

Before buying a home with a realtor, you might want to explain to him/her what your needs and priorities in life are. This can be very helpful information for the realtor to show you houses that fit you best and adapt to your demands. 2018 is the year for your dream home!

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