Location, Location, Location
A great way to begin the home buying process is to find a location that meets your lifestyle needs. Doing this makes in-home budgetary sacrifices easier, as you’ll still feel nice and cozy living in that optimal neighborhood.
Everybody has a hobby they enjoy outside of their homes. Figure out how close that new property is to gyms, art galleries, movie theaters, retail stores and trendy restaurants. Be on the lookout for nearby parks, hiking trails and beaches as well.
You don’t need a hiking trail to get some air. Going for a walk down the block can help break up your day, especially if you work from home. Here are some telltale signs that your new neighborhood is pedestrian-friendly: the sidewalks are well-maintained, it’s easy to cross the street and neighborhood drivers clearly observe stop signs and red lights. Also, if you prefer to ride a bicycle overtaking a leisurely stroll, look for well-defined bike lanes in the road.
Believe it or not, most people don’t like to sit in hours of traffic every day. Finding a home close to bus and train systems, or with easy access to a major freeway, can free up personal time to go on peaceful walks or to participate in exciting neighborhood activities.
Every parent wants their children to have access to good schools. Homes in better school districts are more likely to increase and maintain their value, meaning it could cost you more to buy in these areas. If you choose to move, however, it’s less likely you will lose money on your investment.
A neighborhood’s lack of crime is a big amenity. If you are curious about crime statistics, check with the local police department. While you’re at it, why not look into how far that new home is from emergency services, like fire departments and hospital ERs? Everyone wants to feel safe in their home, and knowing that you are close to first responders could be the peace of mind you need to truly kick back and enjoy that new home and neighborhood.
Homebuying is not something you should rush into, so exploring neighborhoods to make sure they’re a good fit for your lifestyle is a great idea. Do your research and get to know the area. Of course, when you do find your dream home, we at Open Mortgage are available to assist with all of your home-financing needs. Visit OpenMortgage.com to learn more.