The checklist below is a great way to get started on the path to finding your new home. ItÂ outlines important things to consider before you begin your search.
- Geographic Location:Â Consider factors such as average home prices in the area, job opportunitiesÂ in your field, proximity to family, and climate preferences.
- Type of Home:Â Condos, townhomes, house, squareÂ footage and outdoor space â€“ there are so many variables toÂ consider. Are you a do it yourselfer when it comes to homeÂ maintenance or would you prefer the ease of care afforded with a condo? Remember condos andÂ townhouses will probably have the added cost of a Homeowners Association Fee.
- City vs. Suburbs vs. Rural:Â Consider the type of area youÂ want to live in, and what your needs are. Do you prefer theÂ space that suburban or rural living provides or do you preferÂ the closeness of city living?
- Neighborhood:Â Choosing the right area to fit your lifestyle and personality, as well as researchingÂ facts and statistics on things such as income averages, education, school district performance, etc. toÂ get a better sense of the community.
School District:Â An important consideration if you have or plan to have children. Are you looking forÂ private or public school system, and consider the costs involved. Areas with good school districts willÂ hold their value in future years and afford you larger purchase demographic when you go
- To sell.
- Proximity to Work:Â Your daily commute, and how much time you are willing to drive or takeÂ public transportation in your everyday routine. Calculate the added costs of a long commuteÂ along with your commute time.
- Safety:Â Most would consider safety a key factor in selecting a neighborhood. There are onlineÂ resources that allow you to check crime rates for an area you are considering.
- Leisure Activities:Â Free time is always something to consider. Do you want your new home toÂ be close to sports, restaurants, shopping, culture, etc.?
- Visit During the Day and Night:Â You donâ€™t just live in your home and neighborhood during the day. Before you decide on a home, itâ€™s important to visit it at different times of the day andÂ night to get the best sense of the neighborhood.
Be sure to do your homework and understand what things make the â€˜bestâ€™ new home for you.