(Newswire.net — May 10, 2019) — There are many factors to take into consideration when buying a home. You’ve probably already figured out your budget and the styling of the home that you’re dreaming of living in, but from a realtor’s point of view, the only most important part is the location. Why is location important when buying a house?
Why is Location Important When Buying a House
Location is important when searching for a new place to reside because the location can affect many other circumstances that could make or break your decision. The area which a home is can affect its price in a huge part. Overall, purchasing a new home comes with great benefits, but the location is very important.
School District
If you have children or are planning on having children, you are of course going to be looking for a home that is either close to campus or is in a good standards school district. In the case that you already have kids in school, sometimes you want to check homes that are covered by the district they currently attend to avoid the unenrolling and newly enrolling process.
Homes that are in the same district as schools with high ratings and academic excellence are more likely to be highly and competitively priced.
Leisure Activities – Surrounding Businesses
The more restaurants, amenities and grocery stores that are within close proximity make a home more desirable, which then makes them cost more. These are just some factors that are important to new home buyers along with commute to work and school. If the property is within walking distance or a short drive from grocery stores, farmers markets, restaurants or parks, more people will be looking to buy in that area. For this reason, many buyers (especially young unwed clients) look to live downtown for it’s walkability to many different businesses and quick access to highways.
Safety Concerns
Living somewhere that you feel comfortable and safe is very important to many buyers. Some do the research in finding out the exact crime rate of a certain neighborhood, to determine how safe a neighborhood is. Another important factor is how far exactly is the nearest fire station, police station and emergency room. As you probably have assumed, neighborhoods with high crime rates are cheaper than the homes that are located near authorities in safer neighborhoods.
Community Morale
Some neighborhoods are very involved in being connected with each other. This may not be a factor that changes the price of the home in any way, but this could help you decide if this is a community you’d like to be a part of. If you love being involved in clubs, neighborhood watch, community garage sales or block parties than this may be a priority you should put high on your list.
As many realtors will tell you, the 3 most important factors of real estate are location, location, location. Why is location important when buying a house? Because the area you ultimately decide to reside in will affect the future lifestyle you and your family choose to be a part of. Take into consideration the proximity to nearest schools, freeways and businesses as well as the likeability of your neighbors or future friends.