Ask any real estate agent to list the three factors that ensure a solid home investment, and you’ll likely hear: “location, location, location.” Remember, you can’t move a home, so buying a home in the best location is the surest way to guarantee that your home purchase is a home run!
So if “location, location, location” is so important, what makes a location good? Here are six characteristics to consider when selecting the best location:
Traffic & Noise: Visit the property at different times. If you visit at 11 o’clock in the morning, the street will probably be quiet. Go back around 6 o’clock in the evening. Making a visit on a weekend afternoon is also a good idea. Is the home next to a noisy area such as; busy streets or highway, airport or railroad tracks, etc.? Make an educated decision on what type of noise you can tolerate. If it bothers you, it will be a negative factor down the road when it is time for you to sell.
Commuting: You may discover that the further out of the city you go, the more you can afford in a home. If this is the case, consider the commute. Is this something you can endure every day? It’s a good idea to try out the commute during your normal commute times. Consider the cost of your time, gas, wear and tear on your vehicle, etc.
Community: Check out the city’s Chamber of Commerce and ask for a Resident’s or Visitor’s Guide. This will give you some insight as to area attractions, restaurants, events and other interests happening in the community. Locate a copy or online link to the city newspaper and read about other community members’ concerns. Talk with the city planning department to find out about future developments and other issues.
Crime Stats: Don't forget to check the local crime statistics. The best way to understand crime statistics is to contact the local police department. Most police departments have a community outreach arm that can direct you to the location of the most accurate records for their particular area, be it an online site, or other sources.
Schools: If you currently have children or have plans to do so in the future, this is probably going to be the biggest deciding factor in choosing a home. Visit the schools and talk with the principals and teachers. Ask for performance statistics, teacher to student ratios, etc. Also check online sites such as www.greatschools.org.
Location will work for the next 5 to 7 years: Look forward to your future plans; does this location work if you have children? Or if your household size changes? Or if you change jobs? Don’t count on being able to sell and move quickly. Make sure the area suits your needs for at least the next five to preferably seven years.
Ready to Start Looking for Your Next Home? Contact Acuity Group today! Our experienced Buyer’s Agents will assist you from start to close!
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