When you start the “official” search for your new home, typically you begin with the loan approval process. You need to know how much you can spend, right? Next, determine the size home that best fits your family space needs. However, depending on where you are looking for your new home – suburbs, urban or rural regions – will influence cost. So what are some ideas on how to determine the best place to buy a house?
1. Start with your budget.
As mentioned above, your new home budget will be your guide. Community locations will vary in cost and your budget will determine communities you should visit. Invest time to visit several communities and surrounding conveniences.
For most of us, location is an important factor when choosing our home. However, as mentioned above, our budget will guide us to our desired location that fits the budget. Do you prefer living in urban or rural areas? Your proximity to work may also be important. Do you like lots of space where you need to drive to visit someone or do you prefer a leisurely walk to visit friends?
If you have a family or planning for a family, school districts will be an important factor in determining the best place to buy a house. Are you planning for your children to attend public schools or private schools? Some school districts are better than others. Research to learn what’s best for your children.
4. Cost of Living
This one goes back to the budget. You will find that most cities like Winston-Salem, Greensboro and other Triad cities will have suburbs that are more expensive than others although they have the same city in the property address. This is because of the “convenience” factor. The more services, such as grocery stores, other shops, medical offices, activities, etc. near a community, typically the higher the cost. The cost is typically driven by demand.
This is related to your desired residential community. Some planned communities will have amenities such as a pool, tennis courts, playgrounds, walking trails and playing fields. These communities are great for families, but you pay association dues in order to have access to these amenities. Other communities’ maybe public residential blocks where there are no amenities or association dues. Typically, these residential areas have no covenants or restrictions.
6. Age of Neighborhood
This may not be as important, but it’s still something to consider. Older communities can look just as nice as new communities. In many cases, they may look even better due to their maturity. Typically, planned communities have maintenance programs that keep lawns, sidewalks and other green areas clean.
What are your thoughts? How do you determine where you want to buy a house?
Shugart Homes has communities that cover the Triad and in Burlington.