Most real estate agents when you first speak with them, will have you create your wants and needs list for your new home. Determining what you can and can't live without can be a difficult decision. One thing that needs to be clearly in your needs category is location! Location is simply one of the factors about your home you cannot change once you are there. You should absolutely never settle where you want your next home to be, down to the county, neighborhood, and street. In this blog we will discuss how to determine what factors to consider and help you figure out what factors are most important to you.
Factors to consider when looking for your desired location:
Being close to work
Proximity to shopping centers
Proximity to schools
Near police stations and fire departments
Nearby recreation activities
Specific neighborhoods you like
Want of a specific view point
Does your desired area fit your budget?
One of the first steps you will take on determining your desired area is setting your budget. This is where you will consider your financial situation. Not only is the purchase price a factor but also the ongoing expenses such as real estate taxes, cost of living, maintenance, insurance, and more. All factors are important to understand in the new area as these will change county to county and house to house. So make sure you understand the area you are interested in will fit your budget comfortably.
What weather and climate conditions would you like to be in everyday?
Weather is a super important category to consider when you are looking for your next home. This is a condition that will affect you the entire time you are in the home, so make sure you understand what you are comfortable with. Would you be more comfortable being in the hot sun all year or the cold? Would you like it to be neutral seasons all year long? Know the answer before you make the commitment for the next 3-10 years!
Get a real estate agent you know and trust.
Getting a real estate agent that you know and trust to be knowledgeable in the area is absolutely crucial. They are the ones that can provide valuable information on the area and around. They can get access to the most up to date market information and neighborhood stats such as current pricing, inventory, and how you will work in the current market. The correct agent will advise you on how your offer will work in the current market and then also how to negotiate on your behalf. If you want a local professional that is interested in helping you find your next home in the most timely and money saving manor, get an agent you trust!
Do the job opportunities align with your workplace endeavors?
If the reason for you moving is already not work related. Keep in mind if it will meet your work related requirements. If you are fine with driving an hour to work to get somewhere or if you want it under 30 mins. Will the area provide you the work opportunities that you need to grow in your field? Depending on how important the closeness is to you and the potential for growth in your job within the area, will help you determine what location will work best for you.
Closeness with friends and family.
According to NAR 25% of people move to be closer to their friends and family. This can be a huge factor for you if you want to move closer to the people you love. It is just a matter of how much that would impact your decision. Moving near friends and family could also be a good option because they are people you trust and they can provide valuable information on the area only certain people can by living there.
How would your future needs be impacted by your choice?
Do you have big life changes coming? Will you be prepared for those changes if they happen? You will be living in your home for the next 3-10 years, I would pick a home that can change with you if need be. Maybe you want to place yourself near schools, near growing areas, somewhere where you feel safe, or maybe not in an HOA with housing restrictions. Wherever your life is going and can change, I would recommend thinking about those needs right now!
In conclusion, selecting the right location for your next home is a decision that should never be rushed or taken lightly. It's a choice that will greatly impact your daily life, your finances, and your future. By considering the factors we've discussed in this blog, from your budget to your proximity to work, family, and desired amenities, you can make a well-informed decision that aligns with your current needs and future goals. Remember, your home is not just a place to live; it's the foundation upon which you build your life. So, take your time, seek expert guidance from a trusted real estate agent, and find the location that feels like the perfect place to call home for years to come. Happy house hunting!
